02/27/2012 Intraday Watering

[BullBear52x]

that's very impressive rebound, should be more, at least 2 legged up.

gap filled right? LOL

They were just going to fill the gap so when the market ready to move down from here there will be no need to re visit this gap but the happy fingers get over excited. today's intraday sell will tell the story, bear almost made it, got tease once a gain but the say still young let see.

[TWT]

SPX: without a move below 1352 this "joke" of EDD or whatever .... has more room to the upside target range 1371-1381

(thewavetrading.com)

Thanks for your stuff on SMH this weekend. I try to find the weakest stock in the group but was lead to the storage group which had several weakies. I bought some puts on BRCD this AM. Thanks again for your work and good luck. GLTA jimme

You are most welcome my friend

[SB73]

Historically on a strong trend up like this one it will typically not exhaust until a thrust outside of the upper bb which currently is at 138.23 on SPY and 1379.08 on SPX. This logic has kept me from getting torched on any premature shorts. Buy dips and keep reasonably tight stops since trends like this are typically bought if the selling picks up aggresively it may singal a trend change. This isn't to say that intraday scalping can't be used, but keep in mind the bulls typically get very extreme before a healthy pullback occurs. Asia and metals are my current favorite plays. Personally, I would like to see a trend change so I can make money the other way. Also, trends like this are slow to make money.

[SB73]

Historically on a strong trend up like this one it will typically not exhaust until a thrust outside of the upper bb which currently is at 138.23 on SPY and 1379.08 on SPX. This logic has kept me from getting torched on any premature shorts. Buy dips and keep reasonably tight stops since trends like this are typically bought if the selling picks up aggresively it may singal a trend change. This isn't to say that intraday scalping can't be used, but keep in mind the bulls typically get very extreme before a healthy pullback occurs. Asia and metals are my current favorite plays. Personally, I would like to see a trend change so I can make money the other way. Also, trends like this are slow to make money.

I also believe we may get a little more whipsaw from anywhere from a couple of days to a couple of weeks before the thrust outside the BB. My intent is to short the thrust outside the BB as the trend is very mature and ripe for at least a couple of percent pullback.

[KeiZai]

Bears need to breakthrough 20 DMA that was the 4th fail, fingers crossed cuz day´s not over yet

[KENA]

The last 2 bull mkts had 3 waves up.This one is now 2 waves up and consolidating.Will we have 3.If we do then the mkt is at the end and then dn.But lets see what happens.

[BullBear52x]

Historically on a strong trend up like this one it will typically not exhaust until a thrust outside of the upper bb which currently is at 138.23 on SPY and 1379.08 on SPX. This logic has kept me from getting torched on any premature shorts. Buy dips and keep reasonably tight stops since trends like this are typically bought if the selling picks up aggresively it may singal a trend change. This isn't to say that intraday scalping can't be used, but keep in mind the bulls typically get very extreme before a healthy pullback occurs. Asia and metals are my current favorite plays. Personally, I would like to see a trend change so I can make money the other way. Also, trends like this are slow to make money.

BB 3 push up, side ways tight band, big move coming.

[Cobra]

pullback after a head fake as I said, but the rebound was simply way strong, so the market would launch another attack on the upside soon or later. The rally aren't over yet.

[SB73]

Historically on a strong trend up like this one it will typically not exhaust until a thrust outside of the upper bb which currently is at 138.23 on SPY and 1379.08 on SPX. This logic has kept me from getting torched on any premature shorts. Buy dips and keep reasonably tight stops since trends like this are typically bought if the selling picks up aggresively it may singal a trend change. This isn't to say that intraday scalping can't be used, but keep in mind the bulls typically get very extreme before a healthy pullback occurs. Asia and metals are my current favorite plays. Personally, I would like to see a trend change so I can make money the other way. Also, trends like this are slow to make money.

BB 3 push up, side ways tight band, big move coming.

Nice chart...I think the next move may be another short-lived down push followed by the push above the daily BB. The hourly chart has given me a number of false signals lately so I have expanded my view.

[KeiZai]

Okey germans approved second bailout to greece old news is good news

[TWT]

VIX: another potential bullish wedge

(thewavetrading.com)

[SWalsh]

that's very impressive rebound, should be more, at least 2 legged up.

Brought to you by Government Trading, Inc.

Update from HFTAlert at 11:23
700+ share HFT program running limits-largest i have seen in months.

Gee...I wonder why?

Have you noticed that when we spike up 100+ points no reversal can be seen right away as a wave needs more time to complete? Yet this morning, one would expect a new low after a bounce. And even though it broke trendlines for the first time that should have given pause to any buying, the computers came in and started right away.

This is a state run market. That should come as no surprise given the landscape. In 2009 with the mkt activity we wondered. Now we have known for some time. It is BTFD all the time. Our economic substructure is so abysmal they cannot allow Dow 10,000 to break. It will crush most municipalities and bring about crime waves. I don't mind so much if it truly is to try to save America, but it is the unchecked cronyism and theft that troubles me, for that is what banana republics are made of. And these thoughts really need to be filtered into any trading decisions.

[BullBear52x]

I posted this this weekend, well it's breaking out from this mini double wedge.

[jimme]

Historically on a strong trend up like this one it will typically not exhaust until a thrust outside of the upper bb which currently is at 138.23 on SPY and 1379.08 on SPX. This logic has kept me from getting torched on any premature shorts. Buy dips and keep reasonably tight stops since trends like this are typically bought if the selling picks up aggresively it may singal a trend change. This isn't to say that intraday scalping can't be used, but keep in mind the bulls typically get very extreme before a healthy pullback occurs. Asia and metals are my current favorite plays. Personally, I would like to see a trend change so I can make money the other way. Also, trends like this are slow to make money.

We are way overdue for a small correction. I am in the sell the rip mode because one of these times it will payoff big. There are no big payoffs on the long side right now. Also, the thinking that we are not even topping at all yet, so why worry is in my own opinion wrong. Look at the top in Mar of 2010. It went over the edge without a ripple. Our leader, on this blog, is keeping us very correct. Good luck and carry on. jimme

[soku]

HFT Alert guy is suggesting this is a head fake. HFT's net sellers into this monster squeeze.

do u have any details? is it a trading plan or an indicator?

[btran874]

Historically on a strong trend up like this one it will typically not exhaust until a thrust outside of the upper bb which currently is at 138.23 on SPY and 1379.08 on SPX. This logic has kept me from getting torched on any premature shorts. Buy dips and keep reasonably tight stops since trends like this are typically bought if the selling picks up aggresively it may singal a trend change. This isn't to say that intraday scalping can't be used, but keep in mind the bulls typically get very extreme before a healthy pullback occurs. Asia and metals are my current favorite plays. Personally, I would like to see a trend change so I can make money the other way. Also, trends like this are slow to make money.

We are way overdue for a small correction. I am in the sell the rip mode because one of these times it will payoff big. There are no big payoffs on the long side right now. Also, the thinking that we are not even topping at all yet, so why worry is in my own opinion wrong. Look at the top in Mar of 2010. It went over the edge without a ripple. Our leader, on this blog, is keeping us very correct. Good luck and carry on. jimme

I think that's where the old wisdom comes into play "the market can stay irrational longer than we can stay solvent with our shorts"

[btran874]

We are just a few points away from breaking 1370.58. That will prove all the P3 doom & gloom preachers who wishes America to go down in flames will be wrong. 2000 to 2009 is a giant Wave 4 Flat. That's my final count.

[Al_Dente]

My first chart on stockcharts.com. Comments?

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benandlloyd
VERY VERY VERY nice
THANK YOU
(i'm remote today, can't post more, see u all tomorro)

[BullBear52x]

OK, I got intraday sell flashing in all indexes, let see how much can bear do from this point. I am selling.

[uempel]

Checking resistance: