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Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:37 pm
by Me XMan
SPX 1020-1050...that's about right before Jackson Hole.
deeko wrote:I see the support at 1050, but I think the market will overshoot to the downside. we'll see what happens, but I wouldn't rule out 1020 before Jackson Hole. If I'm wrong, then we're squabbling over pennies when we're making pounds.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:37 pm
by soku
low 1120s could be a good equilibrium area.
i am calling the rest of the day off. need to do some serious bird watching now.
good luck and trade well
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:38 pm
by 99er
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:39 pm
by Petsamo
Overseas markets aren't gonna like what we did here. We're likely gonna gap down tomorrow.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:41 pm
by Me XMan
SPX could close below 1100 today?
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:45 pm
by AK84
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:52 pm
by AK84
uh oh
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:52 pm
by shumushu
hmm a bigger double bottom with overshoot of the lows.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:53 pm
by hiram
bear trap,, minutes accomidative to equity,, what part of low intrest rates hurt equity again???
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:54 pm
by 99er
Me XMan: "SPX could close below 1100 today?"
Looks like it. Prices appear set to hit the lower line of the grey channel as the MACD drops towards its zero line.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 2:57 pm
by Cobra
no comments, the show is still on. bulls did much better this time though.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:05 pm
by shumushu
H&S on the 1minute
EDIT: looks like a confirmation. Target 1149
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:12 pm
by StrikePrice
varaamo wrote:Strike, would you mind sharing your indicator. Or is it proprietary?
StrikePrice wrote:This market is all psychology right now. Panic sellers dump in the morning. Short sellers cover after that. The big round 1150 that caused the panic yesterday when it failed and drove the /ES to 1080 marked the line for other sellers to leave and get into cash.
The Fed Minutes aren't likely to spur a big rally, obviously just an opinion, but I think 1150-1160 area is too strong a resistance area now and the lows in the Futures and likely lower will be seen this month before things start to settle down.
I think lower because my bottom signal that has never failed me needs more time to trigger. It's currently sitting at 19 and needs to get to < 10 to say we're there. It only measures Closing Price and Time and it's the Time factor that's not there yet. The Price factor has been at 0 since 8/2.
I def share when the signal hits. It has rarely picked the exact day but I think it'll be helpful in this type of market.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:14 pm
by agnosia
wow, bonds are flying higher, not a good sign for stocks.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:15 pm
by Me XMan
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:17 pm
by fuddleduddle
Perhaps, the market is telling us yes in fact the markets are oversold regardless of what the Bernank said.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:17 pm
by Cobra
very good, bulls did much better this time.
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:17 pm
by BullBear52x
Try again?
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:19 pm
by hiram
sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....
hiram
Re: 08/09/2011 Intraday Watering
Posted: Tue Aug 09, 2011 3:25 pm
by pablorynx
hiram wrote:sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....
hiram
you're not the only one. as soon as SPX div yields were 2.25 with 10yr @ 2.05, someone came in and did the switch big.
