05/13/2011 Intraday Watering

[StrikePrice]

AAPL retested yesterday's low and held 342. If it fails to stay above we'll get the W3 down.

[soku]

the trend is going down. since i am a permabear and i said it too many times, ...
i think es may bounce to 1342 area then drop from there

[Tabby]

BB52,
Thanks. I just want to compare your entry point with what I see on my broker's screen. I am using BB and William %R (60), MACD and Slow STO on Mins chart to find approxmate entry for FAZ and TZA. I find lower BB for entry and getting out upper limit BB for voltile days like this useful for quick scalping. I still can't find a method to execute AGQ and ZSL.
Many thanks again.

[Tabby]

Strikeprice,
I didn't know you use EW. Wow, I pat attention to your EW remarks. I am learning my waves. Thanks.

[BullBear52x]

BB52,
Thanks. I just want to compare your entry point with what I see on my broker's screen. I am using BB and William %R (60), MACD and Slow STO on Mins chart to find approxmate entry for FAZ and TZA. I find lower BB for entry and getting out upper limit BB for voltile days like this useful for quick scalping. I still can't find a method to execute AGQ and ZSL.
Many thanks again.

Can you post one example, I like BB but they skew up the look of a chart so much I don't use it. Thanks.

[Cobra]

another support here, let's see.

[maldini]

is it possible to be range bound for several weeks?

[uempel]

Bought at 1339:

[soku]

Bought at 1339:

SPXB.png

my bots says 1335.75 could be a buy, which is about spx 1339. but i haven't done it yet. feel like some overshooting may come

[BullBear52x]

Sorry bulls no divergence, worst than I thought.

[Tabby]

BB52,
I am sorry I don't have application on my computer to transfer the chart. I tried before using screenshot but I was not successful. I have watching this guys charting;
http://chart.ly/users/StockTiger
He uses william %R 60, RSI, Slow STO, MACD, BB and set is MA50 and 200MA.
I have the samething, but I changed to 5MA and 10 MA or sometimes use 13EMA and 34EMA. I have been watching FAS and TNA. It just only works all the indicators functioning at the same time and quick scalp. right now, on 5 mints chart FAS is moving on lower BB and Williams %R showing oversold less ( less than negative 80), but it does not give me any indiction to enter FAS (34EMA > 13EMA)This is the reason I wanted to compare your notes with mine. I am sure FAS will have its moment today once it hit.

Direxion ETFS are very tricky. In the morning I posted, $RUT is in positive when TNA was in negative side. Sorry, I am very computer illiterate.

[StrikePrice]

133.91 (man I am going to the penny LOL) 78.6% retracement is next target, I will take some profit there. we should be there today I hope.

Another great call!

[Cobra]

the same old rule, don't buy dip before the trend line broken. if we close deeply in red then it's indeed reversal of reversal of reversal.

[BullBear52x]

133.91 (man I am going to the penny LOL) 78.6% retracement is next target, I will take some profit there. we should be there today I hope.

Another great call!

I am take 60% off the table here.

[StrikePrice]

LOL. All the traders go to lunch as SPY and AAPL right at support.

They want to make us die of anticipation.

Again, wish had a poll to see who thinks higher or lower from here...

[BullBear52x]

BB52,
I am sorry I don't have application on my computer to transfer the chart. I tried before using screenshot but I was not successful. I have watching this guys charting;
http://chart.ly/users/StockTiger
He uses william %R 60, RSI, Slow STO, MACD, BB and set is MA50 and 200MA.
I have the samething, but I changed to 5MA and 10 MA or sometimes use 13EMA and 34EMA. I have been watching FAS and TNA. It just only works all the indicators functioning at the same time and quick scalp. right now, on 5 mints chart FAS is moving on lower BB and Williams %R showing oversold less ( less than negative 80), but it does not give me any indiction to enter FAS (34EMA > 13EMA)This is the reason I wanted to compare your notes with mine. I am sure FAS will have its moment today once it hit.

Direxion ETFS are very tricky. In the morning I posted, $RUT is in positive when TNA was in negative side. Sorry, I am very computer illiterate.

understand, Thanks.

[Cobra]

I think the rebound has chance to go a little bit longer here, after that should be another leg down.

[gabor]

is it possible to be range bound for several weeks?

I do not think so. The triangle points to the exact time when it MUST END for sure. This market probably will make a decision by the middle of next week for sure, or sooner.

[soku]

i think that's it. 1330 will hold. me in

[gabor]

I think the rebound has chance to go a little bit longer here, after that should be another leg down.

Not necessarily. These intermediate zigzags usually have two legs.