01/11/2012 Intraday Watering

[99er]

That mean old levee...

EURUSD http://99ercharts.blogspot.com/2012/01/eurusd_11.html

Levee's gonna break.

http://www.youtube.com/watch?v=WbrjRKB586s

[KeiZai]

Solar sector is moving higher today !

Yeah, I have FSLR too on my watchlist

[noob]

Morning Cobra, do you still think there's more upside for DAX? Thanks!

yes, the DAX still looks good. more likely to breakout on the upside.

Thanks, it's just that it seems today's candle looks like a red topping one that you always talk about. Thanks.

[stucap]

That mean old levee...

EURUSD http://99ercharts.blogspot.com/2012/01/eurusd_11.html

Levee's gonna break.

or a double-bottom propelling the SPX to 1350

[Al_Dente]

Paging Baron von HellaHandsomeAvatar
I’m gone for a few hours, keep an eagle eye on the internals… and don’t do anything “tupid” as you call it !!!!

http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PS: more on your volume later, thanks (yesterday). BTW how can I pick on you now that I know you are sooooooo handsome?
You remind me of the dude wearing jeans here:
http://www.youtube.com/watch?v=ZgzvTHsOxSQ

PPS: thanks juankim for bradley

[uempel]

Morning Cobra, do you still think there's more upside for DAX? Thanks!

yes, the DAX still looks good. more likely to breakout on the upside.

Thanks, it's just that it seems today's candle looks like a red topping one that you always talk about. Thanks.

By courtesy Credit Suisse:

[SB73]

sorry, busy morning, so not much update. the bottom line, no sharp down, then it's not bearish. so far not bearish.

looks like the ski slopes are closed today. damn it sucks to be short.

bull not ready to quit yet...that is obvious closed out yesterday shorts for small profit. Thought we might get more down pressure today, but bull still sees room to rally.

[Rezito]

Looks interesting, I would have liked to see the 2011 turn date overlapped with the markets

Dr. Al & others,

Here's a one site that I know. There may be others but this does it for me.

http://forbestadvice.com/Money/Gurus/Do ... s2012.html

Hi Dr. Al,
Interesting read. Thanks for the post.
FYI, not sure how you and others on the board feel about it but today is a minor Bradley turn date. Just something to keep in mind.

Here’s our friend ...PS: Hi juankim !

thanks juankim, have you got any "killer" link to Bradley info for all of us?

[Mr. BachNut]

Pilot Short still on and trapped but not as bad as I thought it would be.
Be careful what you ask for. On Monday, I invited the bulls to hit my stop and knock out Pilot Short. The pattern was bullish but the bulls had not shown vigor.
Yesterday, they accepted my invitation and beat up Pilot Short pretty good. They broke his nose but it was not a knock-out. Pilot Short gets to fight another round today.
Fight plan remains the same. If Pilot Short doesn't get knocked out, snug stop to around yesterday's or today's high, whichever is greater.

I was hoping yesterday's gap would be an exhaustion gap, but volume seemed on the light side to make that call. Given the inverse head and shoulders pattern, it could have been a continuation gap. If we see a higher high with higher volume than yesterday (i.e. follow through), it would be bullish and I would say that Pilot Short is doomed.

I'll be watching the action after the 10yr. treasury auction at 1pm and the 30yr. tomorrow for clues. Treasuries have been holding up well in light of the equity rally. If they pick up strength or breakdown following the auction, I think equities may take notice.
I'll also be watching to see if the bulls are bullish enough to buy heading into a long weekend.
Lastly, I still have a Max Pain for opex next week at SPY = 125. Odds favor an attempt to at least move toward that level between now and next Friday <7 trading days.
All and all still fishing for an intermediate top.

[parker]

[noob]

Morning Cobra, do you still think there's more upside for DAX? Thanks!

yes, the DAX still looks good. more likely to breakout on the upside.

Thanks, it's just that it seems today's candle looks like a red topping one that you always talk about. Thanks.

By courtesy Credit Suisse:

CS.png

Thanks!

[trendfollower]

Video on: S&P 500, oil, gold, silver, dollar, and other market indicators.

It shows how the stock market is at a major turning point and will make a move very soon. Very good for informational and educational purposes.

http://goo.gl/eaNQu

[uempel]

Update SPX:

[noob]

ES does look like it's in a bull flag and is trying to break to the upside.

[cougar]

spring board at 128

I agree and I had a 128.13, very close to yours…but they bounced already at a minor support (128.52).
In my book, that means that the bounce will be also “minor”…

[Mr. BachNut]

Here’s our friend Corey Rosenbloom’s opinion on the current market “structure”
http://blog.afraidtotrade.com/

PS: Hi juankim !

Thanks Al. Great summary of the chart situation. Very interesting juncture.

[Travelfrog]

Just came across this website which has an SPX chart with last years Bradley Turn dates plotted.
http://www.thekeystonespeculator.blogsp ... -turn.html

[99er]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_2090.html

Attention all skiers.

[Tabby]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_11.html

Buckle up.

Look at the similarities of week of 11/7 in candelstick formation. Tall bodies with Doji at the same level as tall body, gap down the next day .......I guess getting ready for option exiry on Friday, big down turn.

[KeiZai]

Thanx Travelfrog !