11/04/2011 Intraday Watering

[SB73]

I was feeling good about some of my bullish bets, but now it looks as if almost everyone is on the same side of the trade.

[Al_Dente]

the 2 weeks ma of the oex 100 p\c ratio has yesterday reached a level not seen since may. these guys are selling the rally hard.

thanks for that. would u perchance have a chart???

[silicon_beaver]

Good morning Cobra,
think to buy-dip.

[jarbo456]

a lot of work being done in the EUR/USD to make sure this market doesn't get too ugly. hard to see who will be the winner, but looks like that 1.3750/40 level is again the line in the sand. bulls won yesterday, think we'll find out soon enough who wins today...

[BullBear52x]

GM,
Hanging there on my line.

[Al_Dente]

a lot of work being done in the EUR/USD to make sure this market doesn't get too ugly. hard to see who will be the winner, but looks like that 1.3750/40 level is again the line in the sand. bulls won yesterday, think we'll find out soon enough who wins today...

good morning big bowls. do u watch eur/usd futures on 5min or 30m or what?

[jarbo456]

a lot of work being done in the EUR/USD to make sure this market doesn't get too ugly. hard to see who will be the winner, but looks like that 1.3750/40 level is again the line in the sand. bulls won yesterday, think we'll find out soon enough who wins today...

good morning big bowls. do u watch eur/usd futures on 5min or 30m or what?

not futures, spot market. watch dollar futures, and the eur/usd spot market. 5 minutes - 15 minutes - hourly.

[L_T]

Maybe just a simpleton answer but I see a clear neg divergence. Plus on the daily time frame I see Full Stoch with 12,6,6 have rolled over, RSI is weakening, and price went through but then fell back below the 200 SMA.

This is the TICK screen I'm looking at. Admittedly, TICK looks different depending on time frame and MA used (I use several). This is 4 MA of the 60 min closing TICK. Comments welcome.

[mac769]

The DAX has a decent size red candlestick. The Hang Seng & India sold off some from their open. I really hope US do not force the DAX into making a higher high.

IF the DAX breaks below 6'000 today, this would be really bearish, and the econ data from Europe are REALLY weak, if 6'100 (middle band BB) is gone, we are heading South.

but right now at a turning point, so let's wait and see...

[BullBear52x]

EURUSD is going no where now the Metal ceiling stopping it.

[Al_Dente]

only semis $SOX/SMH and hong kong futures are bucking downtrend

[Dow Trader]

Still in the channel

[Dow Trader]

EUR update .. still no emotions and no pattern

[BullBear52x]

Look at DIA, XLF and EEM here

[EvilTrader]

Hello.

Back on business today

[jarbo456]

dollar kicking some butt.

[Al_Dente]

a lot of work being done in the EUR/USD to make sure this market doesn't get too ugly. hard to see who will be the winner, but looks like that 1.3750/40 level is again the line in the sand. bulls won yesterday, think we'll find out soon enough who wins today...

futures on 5min or 30m or what?

not futures, spot market. watch dollar futures, and the eur/usd spot market. 5 minutes - 15 minutes - hourly.

sorry jar, really dense here, how do I get spot eur/usd ? (otherwise i'll stick to $USD futures)
I’m here, forex http://www.forexpros.com/charts/real-time-forex-charts

[tdo722]

oh lord. if it passes 123.33 then we know for sure now that it's going to be the 2nd leg of the decline from last Thursday. so scary.

[jarbo456]

a lot of work being done in the EUR/USD to make sure this market doesn't get too ugly. hard to see who will be the winner, but looks like that 1.3750/40 level is again the line in the sand. bulls won yesterday, think we'll find out soon enough who wins today...

futures on 5min or 30m or what?

not futures, spot market. watch dollar futures, and the eur/usd spot market. 5 minutes - 15 minutes - hourly.

sorry jar, really dense here, how do I get spot eur/usd ? (otherwise i'll stick to $USD futures)
I’m here, forex http://www.forexpros.com/charts/real-time-forex-charts

you're looking at it. that's the spot market.

this is starting eerily like yesterday. break down to the 200MA on the 5 minute spy. let's see if this is where the buyers start to come in.

[Cobra]

support and also OR low, breakdown would be bad.