Page 5 of 7
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:16 pm
by uempel
BullBear52x wrote:for an active trader, if you have to pull out weekly or monthly charts during the week day, the market is choppy. I am bullish bias but this area is still a good sell the rally spot, a pull back will create a good buying opportunity or shot up above 130 straight from here. not selling unless it trades under 129ish for me.
60 min chart which works with momentum and MAs is on a buy signal, doesn't mean that the index can't drop to 1280, but the short trend is up and the first target above 1295 happens to be 1315ish (applies only if my indicators are not playing games with me...)
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:19 pm
by Tabby
BullBear52x wrote:My uncle is very smart and powerful, the whole world is looking to his leadership.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:22 pm
by 99er
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:23 pm
by janez
FXI. Anyone following this? I am watching it for a potential long.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:26 pm
by tao
Cobra,
Thanks for the great job you've been doing here!
Could you or any other trader here comment on the negative money flow on SPY? -200M plus both yesterday and today(so far).
TIA.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:28 pm
by Anaconda
Well, now we have the facts: "Federal Reserve Lowers GDP, Raises Unemployment And Inflation Projections" Load up and go long. With such awful news, how can it be anything but positive for the markets here in Wonderland?
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:30 pm
by ballatines
Anaconda wrote:Well, now we have the facts: "Federal Reserve Lowers GDP, Raises Unemployment And Inflation Projections" Load up and go long. With such awful news, how can it be anything but positive for the markets here in Wonderland?
can we have a vote of non confidence?
dual mandate .... achieved anything .. !?
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:35 pm
by BullBear52x
Fear factors said fear no more....my long date MACD is turned down today, let see if we close as is here, if so, buy the dip is triggered.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:42 pm
by Cobra
BDI wrote:Cobra wrote:uempel wrote:Ahh, Cobra, I'm less bearish than you. Don't know about the very short term, but sentiment is too bearish and I'm long and waiting for a bounce up to 1316 - not necessarily today or tomorrow, but give me a few days...
SPXweekly.png
I'm not bearish.
Are you bullish?
I'm snake-ish. pay close attention to my short-term demo account, that's not completely fake one, it actually reflects what I'm most doing for the short-term.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:43 pm
by Cobra
tao wrote:Cobra,
Thanks for the great job you've been doing here!
Could you or any other trader here comment on the negative money flow on SPY? -200M plus both yesterday and today(so far).
TIA.
I won't read too much on that, just myself. some do read a lot - negative money flow is not good.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:43 pm
by BullBear52x
61.8% it is
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:45 pm
by Cobra
nothing to say, the chart so far doesn't look bearish as long as no big pullback here.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:46 pm
by cletus
Looks like I'll be on the board one more day because these SPY puts and GLD puts might not have run their course yet and there could be further weakness into Friday. Let's see how today closes, but gold is reversing today. It's worth one more day to wait.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:48 pm
by KENA
It looks like we could test the morning lows.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:48 pm
by Cobra
the only problem still is ChiOsc too high, so a little more consolidation here instead of pullback would be very bullish.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:50 pm
by BullBear52x
KENA wrote:It looks like we could test the morning lows.
If we do test LOD anything under 129 is a sell to me.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:56 pm
by ballatines
i see block trade on SPY today for two days. This time IWM also got some money out ~~
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:56 pm
by alf
euro, gbp are down.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:57 pm
by KENA
BullBear52x wrote:KENA wrote:It looks like we could test the morning lows.
If we do test LOD anything under 129 is a sell to me.
I agree.The low was128.92.Premkt a little lower.I will maintain to be bearish if this happens.
Re: 06/22/2011 Intraday Watering
Posted: Wed Jun 22, 2011 2:57 pm
by Cobra
text book double top target. still nothing to say, let's wait dust clear first.