09/07/2011 Intraday Watering

[mac769]

maybe it's time now to get some chips off the table and look at GOLD, which seems to have become rather oversold today...

http://img809.imageshack.us/img809/5210/captureuw.png

just as a hedge against some less than welcome news

[Cobra]

not a perfect EMA gap long but let's see if the current bar can be higher than the previous bar to confirm the rebound.

[99er]

ES
Update.
http://99ercharts.blogspot.com/2011/09/es_07.html

60-minute:
http://99ercharts.blogspot.com/2011/09/es_7379.html

[Ninja Trader]

it's not correct to say that volume never matters

it's just be better to say it hasn't mattered in the very recent past, longer term, it most certainly does

when there is a large enough supply and demand imbalance you'll see what it means when it matters

the market is never going to evolve in such a way where it can constantly go up on diminishing volume, logically, and mathematically, this cannot work

[jaaawf]

not a perfect EMA gap long but let's see if the current bar can be higher than the previous bar to confirm the rebound.

Cobra, I've seen you refer to EMA gap long/short and I am not familiar with the pattern and how to trade it. I didn't see it in "getting start"...any reference I can look at on that? Thanks in advance.

[Cobra]

not a perfect EMA gap long but let's see if the current bar can be higher than the previous bar to confirm the rebound.

Cobra, I've seen you refer to EMA gap long/short and I am not familiar with the pattern and how to trade it. I didn't see it in "getting start"...any reference I can look at on that? Thanks in advance.

it's in Getting Start. In AI Brooks stuff.

[jaaawf]

not a perfect EMA gap long but let's see if the current bar can be higher than the previous bar to confirm the rebound.

Cobra, I've seen you refer to EMA gap long/short and I am not familiar with the pattern and how to trade it. I didn't see it in "getting start"...any reference I can look at on that? Thanks in advance.

it's in Getting Start. In AI Brooks stuff.

Thanks...must have missed it then.

[CMT]

maybe it's time now to get some chips off the table and look at GOLD, which seems to have become rather oversold today...

http://img809.imageshack.us/img809/5210/captureuw.png

just as a hedge against some less than welcome news

I wouldn't go long GOLD until that double top is taken out, looks like a horrible chart to go long. IMHO

[Cobra]

well, guess that's it for today. a strong up like today, a higher high in the following several days is almost guaranteed, so looks like the market is going on the 3 push cases. Thank you guys, I'll see you tomorrow.

[Ninja Trader]

re: Gold

so gold goes up if there is bad news? What the heck happened to it in 2008.....it was different I guess. Recent history may show gold goes up on bad news, long term not quite....

gold looks like it's just starting a triangle to me, makes sense as something needed to work off all the euphoria

[HappyFriday]

closed at the top of today, oh yea !

[su_root]

As long as the volume breadth keep on trending up, no sell.



By the way, a solid MAD so far, and a MAD is rarely reverse course intraday.

How/from where do You get those fancy indicators?

ThinkorSwim

Those are not there by default in ToS. But never mind, found it on the net Going to try them soon..

[frankthetank]

US Economy Is Basically 'Still In Recession': Fed's Evans
Even the fed knows we never left the recession. Up and away, letsalle go long because the markets going to test new highs hahah

[grachu]

Cobra. the three pushes up usually fail on the third or a breakout can happen?
Also , this 3 push up is on the 60 minute chart? thank you . you are them man .

[su_root]

So, pullback tomorrow?

http://traders.fi/@api/deki/files/149/=60minspy.png

[Unique]

We won baby. AAPL drop drop drop!

Sorry just bored...The bulls couldn't shake me out...almost too easy