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Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 3:41 pm
by cougar
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 3:50 pm
by Tabby
cougar wrote:
Yes, it does!
WhyNot,
I can tell that it looks much much nicer at night.
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 3:55 pm
by Anaconda
Hanging is off, for now.
Doji, it is. Tomorrow's open will be interesting, me-thinks...
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 3:58 pm
by ctu688
Cobra,
You mentioned that in small body or Doji, you will take some profite. Do you suggest that now?
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 3:58 pm
by Cobra
well, guess that's it for today. a boring day. the short-term direction is not clear but just as I said a moment ago, it looks like a Rectangle in the forming on SPY 15 min chart, so odds are higher for an upside breakout. thank you guys, I'll see you tomorrow.
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 4:01 pm
by STC
Cobra wrote:well, guess that's it for today. a boring day. the short-term direction is not clear but just as I said a moment ago, it looks like a Rectangle in the forming on SPY 15 min chart, so odds are higher for an upside breakout. thank you guys, I'll see you tomorrow.
Cobra, Doji on the daily chart has a higher odd of reversal than the rectangle on 15 min chart.
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 4:04 pm
by MajorEasy
money flow
chaikin osc
CCI zero
ALL neutral to negative
volume not big enough to show the way....
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 4:05 pm
by Cobra
ctu688 wrote:Cobra,
You mentioned that in small body or Doji, you will take some profite. Do you suggest that now?
you'll see Cobra Impulse system asks to tighten the stop loss today if I still remember my algo.
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 4:06 pm
by Cobra
STC wrote:Cobra wrote:well, guess that's it for today. a boring day. the short-term direction is not clear but just as I said a moment ago, it looks like a Rectangle in the forming on SPY 15 min chart, so odds are higher for an upside breakout. thank you guys, I'll see you tomorrow.
Cobra, Doji on the daily chart has a higher odd of reversal than the rectangle on 15 min chart.
I won't say that. for now the direction is not clear but one thing is for sure: it's really very rare the market topped right here so a pullback if any usually should be a buy.
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 10:25 pm
by cougar
Something interesting about today’s market:
While healthcare was a mediocre performer, several biotech stocks had a nice show. They are part of my high beta TOP BIOTECH list: VRX, VRUS, REGN, GENE…
However this is not necessarily great news, because high performer biotechs are often launching the “last hurray” of a rally, expressed in an aggressive exhaustion bar.
One of them even displayed “3 black crows”, detected by my vigilant BOT….Guess who?!
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 10:27 pm
by cougar
VRX:
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 10:28 pm
by cougar
VRUS:
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 10:29 pm
by cougar
REGN:
Re: 07/05/2011 Intraday Watering
Posted: Tue Jul 05, 2011 10:32 pm
by cougar
GENE: