04/20/2011 Intraday Watering

[KENA]

DCS: "Make valid arguments and post something meaningful or stay off the forum."

Should be a house rule. No opinions allowed unless accompanied by a chart.

I don't agree with that because I make comments but I can't make charts and I don't know how to transfer charts. I am not that good. Sooooo with that I would not be able to join in.

[Cobra]

lunch time, i'll be BACC. the OR low will be the support I think it might be able to hold until I finish my lunch. then we'll see after I'm BACC.

Cobraaa whats for lunch ? rats??

usually frog, sometimes birds.

[BullBear52x]

The Phantom bar spike mistery solved!!!! SOLVED!!! last 20 trading days all traded to the peak of the spikes interesting if not solve.

[FJoe]

Interesting how the DOW $DJI and the Transports $DJT are diverging. Dow hit a new high today and the transports are negative for the day right here. I guess OIL is more important to watch than almost anything...with a close second QE2 and a possible extention of this in some form.

The DOW and TRANSPORTS can diverge for a while but they need to be on the same page...something to watch in the next few weeks.

[uempel]

Bye guys, I'm off for today.

[cletus]

The Phantome bar spike mistery solved!!!! SOLVED!!! last 20 trading days all traded to the peak of the spikes interesting if not solve.

That's right. The game is rigged by the NY Fed. They control liquidity therefore they communicate this to banks so they know how to act. That is my theory, at least.

Makes me really proud to be an American.

[PLUNGE]

The Phantome bar spike mistery solved!!!! SOLVED!!! last 20 trading days all traded to the peak of the spikes interesting if not solve.

Thanks BB!

By what mechanism are phantom spikes created? I've seen them over my 20 year trading, but have never seen a logical answer.

[cletus]

The Phantom bar spike mistery solved!!!! SOLVED!!! last 20 trading days all traded to the peak of the spikes interesting if not solve.

How else could banks like JPM, BAC and GS make nearly every day in the quarter profitable on trading? They have to know the game plan and there has to be a universal way of communicating, so that's what those bars are...I think.

[99er]

KENA: "I can't make charts and I don't know how to transfer charts."

To make charts, check out freestockcharts.com or thinkorswim.com.

To transfer charts, first capture an image (bingproject.com), store it (screencast.com or start a blog at blogger.com) and then transfer.

Easy! And best of all, it's all free.

[Cobra]

DCS: "Make valid arguments and post something meaningful or stay off the forum."

Should be a house rule. No opinions allowed unless accompanied by a chart.

I don't agree with that because I make comments but I can't make charts and I don't know how to transfer charts. I am not that good. Sooooo with that I would not be able to join in.

don't worry, everyone is welcome. chart or no chart.

[lqiantobe]

corba~ do you think there is another higher high later?

[Cobra]

my goal here, in case you guys are wondering: I just want more people here, I never think of squeezing some money out of this board. if it grows eventually, then I'd ask for someone to join me as Moderator or even Admin and we'll have new forum for various topics. The board will open as long as I'm still kicking and of course have money to pay for the host services.

I'm sure you all enjoy my intraday comments here which are mostly accurate, right?

[BullBear52x]

Me think we are heading to 32.50, the real buying should be around there. I will be/should be one of them lets see how the buy come in if we get there I should recoup all of my gap lost and some.

[Cobra]

corba~ do you think there is another higher high later?

usually the very first pullback is buy. I don't mean today. I mean the rally isn't over yet.

[KENA]

KENA: "I can't make charts and I don't know how to transfer charts."

To make charts, check out freestockcharts.com or thinkorswim.com.

To transfer charts, first capture an image (bingproject.com), store it (screencast.com or start a blog at blogger.com) and then transfer.

Easy! And best of all, it's all free.

Thanks for the info. I will copy this and see what i can do in my free time.

[Cobra]

I think we'll see a breakdown here.

[BullBear52x]

we are now at the openning price level, should see some fighting here. my target is still 132.5 last Gap support.

[lostlamb98]

Why do you say "I don't mean today"? Was it because your system in "sell" model?
BTW, I find when I am trading against you, I normally lost.

corba~ do you think there is another higher high later?

usually the very first pullback is buy. I don't mean today. I mean the rally isn't over yet.

[BullBear52x]

I think we'll see a breakdown here.

Nice when the master agreed with my thinking.

[lqiantobe]

I looks like market should have some up move today.