12/29/2011 Intraday Watering

[Al_Dente]

NYADV confirmed the spy high, tnx did not

[KENA]

The SPY 15 min chart still looks bullish for a bit.

[BullBear52x]

I got intraday sell flashing at me, but wait for the trade below blue box to pull the trigger.

BB52X, what about the next move?

If you got your order in on the evil side just hold on if Bears serious I expect to see yesterday's LOD taken out ( <127.74) right now I don't see any change I will post if I see that bear trend will not continue, so far it's still on schedule. I am sure we will close lower than where we are right now.

much appreciated!

As of now, we are sure it will come to retest 1269. I don't believe in elliot waves but those folks calling for a higher high above 1269 to complete the 5th wave. After that, yesterday LOD will be sure to be visited. You can wait that long right?

I don't see it will go that high 126.9 SPY?

[BullBear52x]

IWM decides it will lead today watch.

[tdo722]

I don't see it will go that high 126.9 SPY?

I think it has a shot as long as it stays above the current support at 1258.24 (my version of your yellow line which I learned from you, hehe..). But chances are it needs to complete today otherwise bespoke said the last trading day of the year has about 36% chances closing in green.

[Al_Dente]

Paging Baron von Trin
“””””I use .3 (The magic 3/.3)”””””...You mean on TRIN?...Bernie Schaeffer uses 3+ also...I can’t get 3+ to work reliably for me, at least not on OHLC (but I haven’t looked at 0.3 low) mmmm
1 min...http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

TRIN is like any others indicators, how reliable on RSI 70/30? no different, but how can you tell if thing doesn't work out or does that's the art part of reading any of indicators.

Did u notice I’m punishing RSI on my 1min by making her invisible.
When I’m scalping and I ask RSI a simple question, it just irritates me when she answers: “Maybe exit now but then again maybe wait about four hours to exit”
I hate her this week, she’s a dang liar and a sneak.

PS: Note the kid on mandolin on the left is a young vince gill...http://www.youtube.com/watch?v=61KH3JC1 ... re=related

[BullBear52x]

I don't see it will go that high 126.9 SPY?

I think it has a shot as long as it stays above the current support at 1258.24. But chances are it needs to complete today otherwise bespoke said the last trading day of the year has about 36% chances closing in green.

I take 74%

[wayne0708]

the OR target has been reached.

Cobra: does that mean down is next. beside trin was high as you mentioned so I would expect lower low soon, either today or tomorrow lol?

[Mr. BachNut]

For those that follow the Bradly turn dates ,yesterday 28th was the start of the MAJOR turn date.Trade carefully the next few days.These Major turn dates have been very accurate.Wait and see. Now lets see if we hit 126.42 today befor turning.

Bradley Turn dates are superstitious voodoo. Yet... I watch them. At times, they are uncanny in catching turns. It helps to give them up to three calendar days leeway. It all defies reason.

Whatever works...

[SB73]

macd divergence and rsi divergence on the 5 min...not playing just noting.

[stockcycle]

Italy debt cost eased, Europe markets closed with big gains, EURUSD is bouncing. I think this third time after the MDD may be charm again. Bulls may expect a party this weekend.

[johnnywa]

I don't see it will go that high 126.9 SPY?

I think it has a shot as long as it stays above the current support at 1258.24. But chances are it needs to complete today otherwise bespoke said the last trading day of the year has about 36% chances closing in green.

I take 74%

64%

[fuddleduddle]

Prices may consolidate around here until the end of the day.

[Cobra]

the OR target has been reached.

Cobra: does that mean down is next. beside trin was high as you mentioned so I would expect lower low soon, either today or tomorrow lol?

doesn't mean down next, just the mini target met.

[tdo722]

I don't see it will go that high 126.9 SPY?

I think it has a shot as long as it stays above the current support at 1258.24. But chances are it needs to complete today otherwise bespoke said the last trading day of the year has about 36% chances closing in green.

I take 74%

64%

http://www.optionmonster.com/drj_blog/a ... 64551.html

The 7th time, may God rest his hands.

[BullBear52x]

I don't see it will go that high 126.9 SPY?

I think it has a shot as long as it stays above the current support at 1258.24. But chances are it needs to complete today otherwise bespoke said the last trading day of the year has about 36% chances closing in green.

I take 74%

64%

Ooops! the whole 10%, now you know don't take my math I am bad at it.

[99er]

Updates

RUT http://99ercharts.blogspot.com/2011/12/rut_29.html

TNX http://99ercharts.blogspot.com/2011/12/tnx_29.html

VIX http://99ercharts.blogspot.com/2011/12/vix_29.html

[waverider]

Italy debt cost eased, Europe markets closed with big gains, EURUSD is bouncing. I think this third time after the MDD may be charm again. Bulls may expect a party this weekend.

Europe was down much more than us, may just be a squeeze

[Al_Dente]

Baron von Frontrunnnnn
Why do u watch IWM instead of the underlying $RUT

5min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

[BullBear52x]

Baron von Frontrunnnnn
Why do u watch IWM instead of the underlying $RUT

5min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

I watch IWM because I am working TNA