04/18/2011 Intraday Watering

[Cobra]

volume surge, could be a pullback of some kind here. so far the pink and green line don't support we skyrocket high from here although frankly I'm still worried that we don't see a downtrend day AGAIN.

[BullBear52x]

DIP buyers will be disappoint this time.

[agnosia]

the big inverted H&S everyone has been looking at on the daily /es chart has broken below the left shoulder low of 1292.50. i believe this negates the pattern?

[uempel]

Channels:

[Cobra]

still we're range bounded (within 60 min Open Range). there're above 80% chances winning rate though if you sold the 30min OR breakdown (and again, nowadays, I have no confidences at all on any bearish setup).

[KENA]

DIP buyers will be disappoint this time.

Hope you are wrong I just added to my spy long again. Tight stop. Wait and see.

[jamesmith]

still we're range bounded (within 60 min Open Range). there're above 80% chances winning rate though if you sold the 30min OR breakdown (and again, nowadays, I have no confidences at all on any bearish setup).

The Force will be with you. Always.
-Obi-Wan Kenobi

[Cobra]

interesting, sell pressure suddenly accelerated. for BEARS, you really don't want see this exceed above 35 so have fingers crossed.

[BullBear52x]

SPY

[maldini]

interesting, sell pressure suddenly accelerated. for BEARS, you really don't want see this exceed above 35 so have fingers crossed.

why is that?

[Cobra]

OK, those who're with me long time should know the famous rule: gap down huge, after 10:30am ET there's new intraday low then 90% chances today CLOSE < OPEN. Let's see with whom the force is today! yeah, close your eyes, feel, feel the force around you...

[uempel]

This chart has proven to be reliable and I'm now definitely expecting a bounce somewhere near 1290 - either today or tomorrow:

[maldini]

This chart has proven to be reliable and I'm now definitely expecting a bounce somewhere near 1290 - either today or tomorrow:

SPXupdate.png

looks cool, thanks!

[BullBear52x]

The bounce is healthy, since now that my SELL the rally is back on, the bounce higer is better shorts entries for the next day, until it doesn't work. intraday so long we can not identify Lower high, down trend is still at play, Right? well, V-shape always confuse me.

[BullBear52x]

TOP wedge still doing its job.

[Travelfrog]

Had a Phantom Bar this am on FTSE 100 at 10.07am

Phantom Bar High 6064
Phantom Bar Close 5961
Difference 103 points
5961-103 = 5858

Low today = 5858

Have spotted this in the past on the S&P. The Phantom Bars appear to be intentional and an indication to those in the know of where the price is going for the day.
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[Cobra]

touch EMA20 the very first time, usually there's a short somewhere around here, let's see.

[99er]

SPX
Channel update.
http://99ercharts.blogspot.com/2011/04/spx_2154.html
Overhead resistance may limit any bounce.

[agnosia]

hey cobra, you should try using the ema 10 and 20 on the 15 min chart. the pattern is always the same on these bottom reversals. we usually hit the ema10 first , come off a bit to trap late shorts then bounce to ema 20 on the 15 min and that is usually a good short. so we should see /es 1300 first b4 shortable.

[BullBear52x]

Who said wave principle is dead? not a wave guy just for fun.