08/09/2011 Intraday Watering

[uempel]

This advance by my thinking may go to 1220 befor a pull back again.Any comments on this????

In 2007/2008 the index came back to the 377 MA level (which corresponds with your "1220") 6 months later...

[Cobra]

this kind of pattern more likely to breakout on the upside.

[scottzman]

is anyone here familiar with speedtrader? I am looking for a good broker...tks

[99er]

Cartoons From Around The World

http://www.businessinsider.com/cartoons ... sis-2011-8

While the world waits.

[Cobra]

tinted area as text book target if breakout. let's wait and see.

[Dow Trader]

We sill didn't reached the first real resistance area yet

[Tabby]

Cobra,

I don't have sentimenttader subscription. Since you are subscriber, what is their percetage of accurcy for next day market evaluation in your opinion?

[uempel]

uempel - markets broke down of neckline in an topping HS pattern on daily chart - quite normal sometimes in the future to backtest this trendline before we drop further.

Of course, that's what we learn. But at the moment I can hardly believe the market will shoot up to 1209. In 2008/2007 price came back to the neckline 6 months later...

[agnosia]

curious what the bernak is gonna say today. FOMC mtg's are volatile to trade... from what i've read not many people are expecting anything new besides the "accommodative " language that's been there for quite some time. no new language == sell off? that's what i'm thinking. also, gold is off it's highs, maybe that's what is being priced in.

[Cobra]

Cobra,

I don't have sentimenttader subscription. Since you are subscriber, what is their percetage of accurcy for next day market evaluation in your opinion?

Next day? I didn't pay enough attention.

[fuddleduddle]

curious what the bernak is gonna say today. FOMC mtg's are volatile to trade... from what i've read not many people are expecting anything new besides the "accommodative " language that's been there for quite some time. no new language == sell off? that's what i'm thinking. also, gold is off it's highs, maybe that's what is being priced in.

He will say something, but I don't think he'll do anything in particular. He will be careful with his words. Remember there is still Jackson Hole on the 25th.

[Dow Trader]

Dow futures update

[BullBear52x]

This is not a bull friendly, bulls need to get together fast.

[Dow Trader]

Dow futures update with today's mini uptrend and how it reacted to 11000 level

[Cobra]

a little disappointed in bulls, cannot believe for the very first resistance it takes this long and still cannot overcome it.

[99er]

Down.
SPX
http://99ercharts.blogspot.com/2011/08/spx_8684.html

[KENA]

This advance by my thinking may go to 1220 befor a pull back again.Any comments on this????

In 2007/2008 the index came back to the 377 MA level (which corresponds with your "1220") 6 months later...

Thanks Uempel...I was thinking 1220 in about 10 trading days not the 6 mo's..Wait and see.Now my rest is over and its back to my workout.

[Dow Trader]

Look at the blue and red wide triangle both in the same area ( this is for who like and know how to trade wide triangles)

[fuddleduddle]

I guess everyone is waiting for the FOMC notes to release. In the meantime the markets remain in this sideways motion. Anyone else passing time and watched Barney Frank let one out? Can't believe he did it so aggressively.

Anyways hold on everyone and stay nimble.

[soku]

/es is testing 1147-1148 line that i drawn this morning. no edge on either side. will wait til things get clear.

my line holds 1 more time. hope for 1140.75

a little bit too early, but not bad. this market is weaker than i thought. i will still try to trade down.