05/18/2011 Intraday Watering

[cletus]

Not sure if anyone else caught this professional buyer coming in and buying huge blocks of DIA yesterday. Do you think you know more than a person who bought 10 million shares?

[Cobra]

breakout indeed, let's see how far can this breakout go.

[Cobra]

no red line (MA200) is the next resistance.

[BullBear52x]

OK, now that the old gap is broken and 5dma, 134 is officially a support. we should backtest 134ish and how she goes from there.

[StrikePrice]

no red line (MA200) is the next resistance.

Cobra,

If you use 200 EMA it's now acting as support. Good to look at both.

[Cobra]

bigger picture, not much change, still in heavy resistances area, ChiOsc still too high and pay attention to price volume negative divergence. I still think this is just a rebound, eventually will fail somewhere. let's wait and see.

[gabor]

Bulls are skinning the bears ...

[Cobra]

lunch time. should be another push up ahead just in time I finish the lunch, we'll see.

[agnosia]

hey guys..i am ready to short the market near 1338.. today i've been trading /cl all day .... caught the breakout from last night ... unfortunately it's gonna be a bumpy ride higher due to heavy resistance above..

[KENA]

This is just a relief ralley. Be careful don't get caught.The mkt is going to go dn.

[BullBear52x]

It's all come down to risk ratio at this very moment/juncture, will you buy here or sell here. it's nice come back for bulls, bears need acknowledge that, so to counter trade the trend you got to be right 100%. and for bulls to say we are out of the wood, well are we? triangle still in play. nice volume yesterday good sign for bottoming, today light volume shows not much of conviction. DBV is seeing buying activities but still under down trend.

[Tabby]

BachNut,
waiting for FOMC report. I totally forgit today was FOMC day. Thanks for mentioning it.

[DaWay]

Not sure if I've posted these here, but I did whole week in my non-commercial, non-profit, hobby/blog, for longer term views: the aging bull still got some running room within apex, with chance to breakout and run FREEE...I do ST trades nowadays, once in a while needs to focus vision on farther landscape paintings.

[Mr. T]

BB52X,

Great opinion = ty

So If you're BullBear52x = what happened to BB51X and all the others?

Kinda like 007, in GoldenEye - he fought 006.

Is there an evil predecessor running around making bad trades and leading people astray?

[StrikePrice]

Not sure if I've posted these here, but I did whole week in my non-commercial, non-profit, hobby/blog, for longer term views: the aging bull still got some running room within apex, with chance to breakout and run FREEE...I do ST trades nowadays, once in a while needs to focus vision on farther landscape paintings.

Really enjoying your blog posts, glad you're here.

[gabor]

The Oil triangle.

[StrikePrice]

VIX down to a Bullish level for equities.

VXX broke below support line, so more downside ahead.

[BullBear52x]

BB52X,

Great opinion = ty

So If you're BullBear52x = what happened to BB51X and all the others?

Kinda like 007, in GoldenEye - he fought 006.

Is there an evil predecessor running around making bad trades and leading people astray?

I killed 51 of them already, 52x is the latest LOL.

it really mean Bull and Bear through out the year, 52 weeks none stop

[pezhead9000]

Not sure if anyone else caught this professional buyer coming in and buying huge blocks of DIA yesterday. Do you think you know more than a person who bought 10 million shares?

Tuesday buying on weakness - top of the leader board: DIA
block trades as % of total up: 75%

[BullBear52x]

OK die hard counter trend sell the rally guru here is your last chance.div it is.