08/10/2011 Intraday Watering

StrikePrice · Post by **StrikePrice** » Wed Aug 10, 2011 1:50 pm

Resistance here at my upper Pink line. Need to go back to old chart I posted....I'm short on time...

Post by **Cobra** » Wed Aug 10, 2011 1:50 pm

breakout as I expected, target tinted area.

proteus46 · Post by **proteus46** » Wed Aug 10, 2011 1:52 pm

Cobra wrote:
wishful wrote:
Cobra wrote:still ambiguous here, so let's wait. I'm disappointed in bulls.
guess breakdown is coming, already 3rd or 4th hit HL?
though I wish a breakup...
I still think more likely is on the upside.

Good call, Cobra

Post by **Cobra** » Wed Aug 10, 2011 1:57 pm

BullBear52x wrote:ES will save the day? clearly bear flag here.

let's worry about this bear flag another day. Enjoy the rise now.

BullBear52x · Post by **BullBear52x** » Wed Aug 10, 2011 2:01 pm

Cobra wrote:
BullBear52x wrote:ES will save the day? clearly bear flag here.
let's worry about this bear flag another day. Enjoy the rise now.

she got to clear this first, this is 4th time try, bulls got to do some serious move here.

BullBear52x · Post by **BullBear52x** » Wed Aug 10, 2011 2:05 pm

Tick registered 1502, fade it or ride it? I know most of the people ride it. Not I

Post by **Cobra** » Wed Aug 10, 2011 2:06 pm

I don't expect the rebound to go much higher from here though as the momentum has almost reached to a rare extreme. when momentum wades, it doesn't mean the price won't go higher but it's just getting harder for a strong up.

StrikePrice · Post by **StrikePrice** » Wed Aug 10, 2011 2:07 pm

Broke my Pink Line and held it. Will it be the end of that down channel? Well I'm still in the camp we revisit the 1102 or lower but not until 8/26.

Can the Dow get to Double Digits down by the close? Or will Bears stop this rally?

Watch for Volatility Squeezer on 1 minute. We could break hard to downside from that.

Dow Trader · Post by **Dow Trader** » Wed Aug 10, 2011 2:10 pm

As expected, going up slowloy to kill Vix ( + 200 points and counting so far )

BullBear52x · Post by **BullBear52x** » Wed Aug 10, 2011 2:12 pm

for the counter trend is a BUY now in my book, but I chose to go after sell the Rips. patiently waiting here.

v1stock.com · Post by **v1stock.com** » Wed Aug 10, 2011 2:12 pm

up more

Post by **Cobra** » Wed Aug 10, 2011 2:12 pm

hmm, phantom bar, now we all know where the target will be.

v1stock.com · Post by **v1stock.com** » Wed Aug 10, 2011 2:13 pm

a lot more

Michelle · Post by **Michelle** » Wed Aug 10, 2011 2:14 pm

Diamond bottom? The bottom of this move looks like a diamond on playing cards.

fuddleduddle · Post by **fuddleduddle** » Wed Aug 10, 2011 2:15 pm

StrikePrice wrote:Broke my Pink Line and held it. Will it be the end of that down channel? Well I'm still in the camp we revisit the 1102 or lower but not until 8/26.

Can the Dow get to Double Digits down by the close? Or will Bears stop this rally?

Watch for Volatility Squeezer on 1 minute. We could break hard to downside from that.

8/26 the day after Jackson Hole. Would be an analogous trading scenario like today and yesterday.

AK84 · Post by **AK84** » Wed Aug 10, 2011 2:18 pm

now we're rolling back again

BullBear52x · Post by **BullBear52x** » Wed Aug 10, 2011 2:19 pm

Tick tock tick tock...next new high or double tops will give me the go evil button.

99er · Post by **99er** » Wed Aug 10, 2011 2:22 pm

SPX
http://99ercharts.blogspot.com/2011/08/spx_10.html

Surf's up.

And I'm outta here. Good luck all.

KENA · Post by **KENA** » Wed Aug 10, 2011 2:22 pm

UTIL are up in the green and the mkt poped up.If they green we will go higher.Lets see.

uempel · Post by **uempel** » Wed Aug 10, 2011 2:23 pm

Last update for today, there could be a strong move at 14.45 EDT

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08/10/2011 Intraday Watering

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