11/14/2011 Intraday Watering

[MrMiyagi]

Sold TZA/EDZ from FRI for a 2.3% and 4.3% gain. Will be looking to buy TNA or EDC if/when any one is down more than 6.5% for the day to benefit for the gap fill on the other side. Actually this is not a reason for me to trade this way.

Good move Harapa. Euro may be bottoming here but if a bird shits on a car the whole situation will change.

[noob]

Cobra, now we are in the middle of the symmetric triangle again?

[Harapa]

Sold TZA/EDZ from FRI for a 2.3% and 4.3% gain. Will be looking to buy TNA or EDC if/when any one is down more than 6.5% for the day to benefit for the gap fill on the other side. Actually this is not a reason for me to trade this way.

Good move Harapa. Euro may be bottoming here but if a bird shits on a car the whole situation will change.

I hate to be one cleaning it!

[Cobra]

Cobra, now we are in the middle of the symmetric triangle again?

yes and with MA20 as support.

[Cobra]

so far looks like a bear flag.

[MrMiyagi]

SPY top of Buying on Weakness list.

[milan1126]

Hi Cobra, I am new here. I actually have followed your intra-day watering for quite some time and learnt a lot from you. Your insightful views always make me think more and save my trades sometimes. I am glad to join this community.

[Al_Dente]

Three musketeers update:
I substituted $HXC for EEM, as China is the the Gorilla in EEM, and in life. $HXC is loaded with China ADRs and tracks $HSI closely (can’t use $HSI as it is end of day). Don’t want to use FXI as it is a wanky ETF that moves with the wind/volume. If/when emerging mkts strengthen, we may see it first in China.
Then I added $DAX because Germany is pretty important, and they are one of the few EU nations that still has “money” so germ rules the EU (?). Also, Germ matches our weekend criteria for “weakness” as it has only fib retraced (daily) about 40% ISH. Obviously $DAX looks weird as their markets open/close at diff times, but I will NOT use EWG.
Then I changed all the MAs to 50ema.
So now we have four musketeers: banks, small caps, China/emerging and Germany.
And all at the moment are answering our question (will they continue weakness or will they strengthen?):
All four answer weakness, today
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =248748719
corrections welcomed

http://www.youtube.com/watch?v=prJlp7aInpM

[noob]

Thanks. And we are missing gap fill.

Cobra, now we are in the middle of the symmetric triangle again?

yes and with MA20 as support.

[Petsamo]

IWM has a double bottom

[Petsamo]

SPY top of Buying on Weakness list.

bad link

[jarbo456]

SPY top of Buying on Weakness list.

bad link

http://online.wsj.com/mdc/public/page/2 ... yflow.html

[BullBear52x]

bulls prayer got answer once more

[99er]

PLUNGE

This is my take on NDX.

http://99ercharts.blogspot.com/2011/11/ndx.html

[jarbo456]

bulls prayer got answer once more

yeah. some more buying on the dip. -_-

[MrMiyagi]

SPY top of Buying on Weakness list.

bad link

Corrected, one too many urls.

[Petsamo]

SPY top of Buying on Weakness list.

bad link

http://online.wsj.com/mdc/public/page/2 ... yflow.html

Thanks!

My RIMM is on the list!

[zipper]

bulls prayer got answer once more

You must be kidding...Its the bulls who are mopping up the market and giving false hope to the bears.
Copper up, when was the last time you saw market up and copper down... hardly ever..
Market is whipsawing the technical traders at the moment I believe, so they can jump on after the fact.
Market will close positive today...
Wait and see , just my humble opinion.

[stucap]

so far looks like a bear flag.

sounds like a buy signal

[Al_Dente]

PAGING Baron von EyesClosed 52x
If yr not going to pay attention, don’t even bother to click on my flippin' charts
The low-hanging fruit this morning was red, cherries, bear, SH
I occasionally try to pay attention to your shite charts, consider extending “old” Al the same courtesy.
Speaking of lunch:
Do you look anything like that picture in your avatar? Seriously dude, that is one butt-ugly BullBear right there !
Why not take a cue from Al’s spaghetti, and replace it with lunch
…. mmmm… say….mmmm…. salmon, as I know how much you enjoy swimming upstream.
PS: u watching that VIX and dollar?