05/10/2011 Intraday Watering

[uempel]

uempel: "FF"

Is that "femme fatale"?

No, no, it's something from Maranello. But this ain't no social forum, this is stricly TA... Here a last view of a very reliable grid chart which has been quite helpful to me these last days. If you play it well and are not too biased to the downside you might make some money...

By the way I covered my shorts (only 2 handles) and I'm off for now:

[agnosia]

playing the triangle game with no news to trade on.. i scalped a couple points...

[Dow Trader]

Russell stronger than AUD today, that is usually not a good sign for bulls. Except if AUD go up strong frm here, otherwise we are going down hard from here

AUD.USD?

yes

[silverharp]

DX is hovering around its pivot and migh be doing a slightly messy IH&S (intraday)

[bbc]

Russell stronger than AUD today, that is usually not a good sign for bulls. Except if AUD go up strong frm here, otherwise we are going down hard from here

AUD.USD?

yes

I shorted last night, and bought back and went long at 1.07, planning to short again. I meant AUDM1

[99er]

RUT
What the hell...here's a count.
http://99ercharts.blogspot.com/2011/05/rut_10.html

[agnosia]

daily pivot is 1349... buy when below, sell when above... working for now..

[jamesmith]

uempel: "FF"

Is that "femme fatale"?

http://en.wikipedia.org/wiki/Ferrari_FF

[Cobra]

i don't understand this market: the rally is broad based but a few heavy weighted stocks are trying to push the market down, strange. the bias accordingly should be on the bull side.

[KENA]

It looks like the spx has put in a double top so now we may be heading to approx. 1330. I am spy short.We will see.

[99er]

jamesmith:

Thanks for that reference. My only problem: "The FF sells for $300,000 USD." And I'd prefer two-seats, please.

[BullBear52x]

If SPY can hold up above 135 today, moving forward will be up trend on my read therefore buy the DIP is back on, right now I still sell the rally if it holds today, the longer term trend will be very positive.

[Anaconda]

RUT
What the hell...here's a count.
http://99ercharts.blogspot.com/2011/05/rut_10.html

Where's the conviction?!? This looks just right, to me.

[BullBear52x]

SPY daily now turning positive, the longer it can hold up the more positive looking it become. see my basic 3 indicators they are all agreed and turning up, let see how the day ending if it can staying flat as we have now, moving forward bulls will have an upper hand. on top of that DBV is now also moving back positive. today will tell what market wants to do.

[Cobra]

still think an upside breakout is more likely. very strange today, it should be much stronger than it appears...

[gabor]

i don't understand this market: the rally is broad based but a few heavy weighted stocks are trying to push the market down, strange. the bias accordingly should be on the bull side.

I think the major commodities and the dollar drives the market. I used to overlay either EURUSD or OIL on the top of SP500. You will probably understand more.
I use this site

http://www.dailyfx.com/charts/netdaniac ... ol=EUR/USD With right click on the chart you can select overlay anything.

[99er]

SPX
Channel update.
http://99ercharts.blogspot.com/2011/05/spx_4711.html
The MACD histogram shows lots of room for downside.

[agnosia]

lets see if the 10ema on the 60 gives support again.

[Cobra]

multiple supports here. still cannot believe the market is going to pullback hard from here.

[BullBear52x]

My line in the sand.