03/29/2012 Intraday Watering

[tomsky]

Although this still looks like a consolidation i think bears lost the fight today

[Cobra]

Cobra, Could Apple be a bearish rising wedge on a daily chart ?

just a little bit, so I'd rather read it as channel, see dashed line.

[Cobra]

still a little shy of my 2% target. sign.

[paul]

Got it.. Thanks !!

[h2oskier]

Dr. Al,

I supper imposed your stochatics onto my range charges... I really like the looks of this...

For anyone that uses TOS, is there a way to split the freezing between the left bank of charts versus the right bank of charts? I'd like the left 2 charts splitting the page equally and the right 3 charts to be equally spaced as thirds.

Thanks!

[Jose]

Been wondering around doing nothing today, i figure the key asset today will be EURUSD...

15 min chart

[johnnywa]

bears might have lost the battle, we have the double bottom here. just a guess.

You nailed it Cobra,down almost 30 SnP points,rebound to1408-15 by Fiday close

[Al_Dente]

Thanks h2oskier, very very nice all charts
So is your superimposed sto the thin red line?
I’m confused bcuz some say buy and others say sell???
I don’t think im reading it properly

[Al_Dente]

PAGING MR. BACHNUT

[TraderGirl]

Remember the large candle on Apple, looks like it served a purpose to fill a big gap...

Two more below around 560 and 544. I don't think we fill those on this go around, but eventually....

[noob]

still a little shy of my 2% target. sign.

this double bottom is taking way too long, seems we are out of the declining channel though now. Any thoughts Cobra?

[Ed02]

still a little shy of my 2% target. sign.

Cobra, could you explain a bit on how it would 2%, not 1.9% or 1%? Thx.

[BullBear52x]

FXI is negative for the year, this is when thing gone south.

[Cobra]

still a little shy of my 2% target. sign.

this double bottom is taking way too long, seems we are out of the declining channel though now. Any thoughts Cobra?

I'm neutral. wait and see.

[h2oskier]

Thanks h2oskier, very very nice all charts
So is your superimposed sto the thin red line?
I’m confused bcuz some say buy and others say sell???
I don’t think im reading it properly

Yes, the thin red line is the superimposed sto line. I'm watching mostly my AAPL tick chart (bottom right), when the red thin line crosses above the upper light blue horizontal line, get ready to buy. I look for confirmation on the top left chart (my weekly apple call chart). Once the thin red line rises above the top blue horizontal line, buy. When either fall below the top blue line, sell. Better to sell then be caught. You can always jump back in.

Similarily, when the bottom right apple tick chart has the thin sto line cross BELOW the LOWER blue horizontal line, look to the bottom left chart (weekly apple call). once the thin red sto line crosses ABOVE the top horizontal blue line, its time to buy the puts. When either thin red line crosses the current blue line in play, sell the put.

I'm trying to figure out how to integrate rateofchange so that you are not in and out too often... I'll post the chart once completed.

The middle right chart (apple $0.05 range charge) and the upper right chart (1 min apple) give me a better "feel" of what is happening to my options. I'd rather remove the "feel" out of the equation...

[TraderGirl]

Don't know if we get a bounce, most likely we will tomorrow...

If so, it's looking pretty good for a h&s setup on the spx...

[Cobra]

still a little shy of my 2% target. sign.

Cobra, could you explain a bit on how it would 2%, not 1.9% or 1%? Thx.

statistics. if you see the chart I shown to prove 2% down, you'd see I use ZigZag(2), which means only 2% pullback is counted, since the chart shows very high odds, therefore the mini pullback is 2%.

[Cobra]

key time, let's see if bulls can break up.

[tomsky]

^TNX retested the low and now is bouncing

[rpccharts]

Scratch that - Accellerated downside for BEARS.