08/25/2011 Intraday Watering

[uempel]

Update:

[jaaawf]

Bulls seem to be playing inverted H&S on the 5mins...a bit late to work for today but pretty classic set up

Sure, but maybe Bears. Maybe a lot of short covering for those who have been shorting the rips all week long. I don't imagine any trader wants to be too much to one side ahead of tomorrow.

Just the big boys who already know what will be said and will drive the reaction right?

[BullBear52x]

5 min. channeling

[seeyou]

When was the last time you saw both SPY Calls and Puts up with the market down 139 ??

[cougar]

Bamby & Co. pushed in a big time BUY algo. 20 min algo.- a brilliant idea which does not work very well!
LOL!

[Cobra]

ha, no breakout, now it becomes a Triangle. I'm clueless about the market now. Watching...

[bsw]

ha, no breakout, now it becomes a Triangle. I'm clueless about the market now. Watching...

Haha, when everybody even me saw it, it likely won't happen.

Now, Cobra, any chance we close LOD?

[uempel]

Update:

[Cobra]

ha, no breakout, now it becomes a Triangle. I'm clueless about the market now. Watching...

Haha, when everybody even me saw it, it likely won't happen.

Now, Cobra, any chance we close LOD?

chances are high, my guess is right.

[seekingknowledge]

Update:

SPX135.png

Great chart! Do you draw the lines yourself or do you have a tool that does this for you? If you have a tool, what is it, please? Thanks!

[KENA]

The mkt on Fri may be bouncing up and dn in a range.My reason is you can bet the mkt will be strattled on both sides. Hopefully this will not last more then 2-3hours,then a direction will be set. Wait and see.

[Cobra]

well, the 3rd touch, I don't think the line will hold this time and I see H&S top here.

[KENA]

Nice bounce dn, now lets break 1152 the 200wma.

[jarbo456]

well, the 3rd touch, I don't think the line will hold this time and I see H&S top here.

what is the lookout for tomorrow's open if we close today at the LOD cobra? any ideas?

[shumushu]

Wow massive fakeout the entire day.

[uempel]

Looks like SPX 1155/green Andrews Fork holds...

[Cobra]

well, the 3rd touch, I don't think the line will hold this time and I see H&S top here.

what is the lookout for tomorrow's open if we close today at the LOD cobra? any ideas?

LOD close, tomorrow most likely will be green.

[BullBear52x]

Another chart I am buying

[KENA]

GMCR is doing great.Made 2 + already.Keep moving.

[soku]

interesting. es down then quickly pull back to 1156 where is my measured support area. not sure what will happen. this market is not suitable for me.
i did spend time reading lien's website and other things on QE3. i think the market priced in some qe3 (or in liue). my guess is around 500m -1 trillion, leveraged. (my number is lower than GS estimates.) if end up none, as cobra's guess, we will see huge drop.