teito
Posts: 2 Joined: Tue Feb 15, 2011 1:05 am
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by teito » Tue Apr 12, 2011 1:12 pm
I am bearish, but I see a possible inv h&s forming. If we break below $130 in SPY it would negate the h&s. Also, I have seen this market to turn and rally fairly quickly after selloff.
Mr. T
Posts: 995 Joined: Tue Apr 12, 2011 12:50 pm
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by Mr. T » Tue Apr 12, 2011 1:20 pm
Anyone consider that on POMO schedule release days the market is normally down on fears POMO will be pruned?
Release in 45 min.
As this could be the last "full" POMO schedule - "Hello Benny" may go out with a bang (IMO).
Good/decent earnings season + super POMO, and then "bang bang...... my Bennie.... shot me down" [to spin a classic Cher song]
-T
-T
"Treat Your Mother Right!!!!"
jamesmith
Posts: 152 Joined: Mon Feb 14, 2011 12:17 pm
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by jamesmith » Tue Apr 12, 2011 1:22 pm
Mr. T wrote: Anyone consider that on POMO schedule release days the market is normally down on fears POMO will be pruned?
Release in 45 min.
As this could be the last "full" POMO schedule - "Hello Benny" may go out with a bang (IMO).
Good/decent earnings season + super POMO, and then "bang bang...... my Bennie.... shot me down" [to spin a classic Cher song]
-T
POMO today? :o
Mr. T
Posts: 995 Joined: Tue Apr 12, 2011 12:50 pm
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by Mr. T » Tue Apr 12, 2011 1:36 pm
Almost testing the top of your channel Cobra.
Dow channel pierced - and breaking...... upward.
POMO release determines the ultimate end result.
-T
"Treat Your Mother Right!!!!"
jamesmith
Posts: 152 Joined: Mon Feb 14, 2011 12:17 pm
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by jamesmith » Tue Apr 12, 2011 1:40 pm
Mr. T wrote: Almost testing the top of your channel Cobra.
Dow channel pierced - and breaking...... upward.
POMO release determines the ultimate end result.
off topic...your name reminds me "L" from Death Notes
Mr. T
Posts: 995 Joined: Tue Apr 12, 2011 12:50 pm
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by Mr. T » Tue Apr 12, 2011 1:46 pm
OOh, convergence of lines at 3 on your chart - if it gets there = that'll be fun.
-T
"Treat Your Mother Right!!!!"
pdz
Posts: 33 Joined: Wed Mar 23, 2011 12:45 pm
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by pdz » Tue Apr 12, 2011 1:54 pm
P-Bar. Is it real?
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spy.png (42.56 KiB) Viewed 8368 times
abracadabra
Posts: 12 Joined: Wed Feb 23, 2011 4:51 pm
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by abracadabra » Tue Apr 12, 2011 1:58 pm
pdz wrote: P-Bar. Is it real?
yes!
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Mr. T
Posts: 995 Joined: Tue Apr 12, 2011 12:50 pm
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by Mr. T » Tue Apr 12, 2011 2:03 pm
Could get a really bullish hammer today.
Only moments away from the POMO schedule.
-T
"Treat Your Mother Right!!!!"
FJoe
Posts: 78 Joined: Fri Mar 11, 2011 10:40 am
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by FJoe » Tue Apr 12, 2011 2:03 pm
Seems like too many green half hour bars, not one red bar since 11:00 EST. Mean anything?
StrikePrice
Posts: 770 Joined: Wed Mar 30, 2011 1:27 pm
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by StrikePrice » Tue Apr 12, 2011 2:20 pm
Cobra wrote: channel, I still see this as a bear flag.
Bull Trap on the Bear Flag or is it a fail?
Cobra
Site Admin
Posts: 58855 Joined: Sat Feb 12, 2011 10:29 pm
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by Cobra » Tue Apr 12, 2011 2:24 pm
StrikePrice wrote: Cobra wrote: channel, I still see this as a bear flag.
Bull Trap on the Bear Flag or is it a fail?
give it sometime, then see.
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BullBear52x
Posts: 29695 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Tue Apr 12, 2011 2:26 pm
SPY now 131.18 become short term support, no sell unless it trades below here. 131.63 intraday Fibo support looking good so far.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
simpletrader
Posts: 176 Joined: Tue Feb 15, 2011 10:24 am
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by simpletrader » Tue Apr 12, 2011 2:30 pm
zombiebraingoo wrote: STICK SAVE! here it comes...
building a H-S bottom?
PRI
Posts: 165 Joined: Wed Feb 16, 2011 10:26 am
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by PRI » Tue Apr 12, 2011 2:35 pm
MR T.,
Do you see the new schedule? I see that they posted the prices paid info, but I don't see the new schedule... I wonder if they are done?
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
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by 99er » Tue Apr 12, 2011 2:35 pm