08/04/2011 Intraday Watering

[uempel]

well, looks like no need to argue whether the H&S top is for real anymore, guess the 55% * text book target is almost reached today so it counts as a successful pattern.

Yeah, you were right about that. I had completely lost faith in SPX's H&S patterns.

[shumushu]

My god, 39:1 and 34.72:1 , feels liek 2008

[agnosia]

ok guys we almost reached the bottom of the wedge on the /es.. one more push down? wedge ends at 1210.

[KENA]

I'm out,going to watch.We broke 11600 and thats not good..Util broke 419 thats not good.I think we are heading lower vix spiked up.lets see.

[Dow Trader]

The big picture with basics

[KENA]

The mkt broke the 38.2 fib.now wait and see.

[99er]

Honey? Going down?

http://www.youtube.com/watch?v=2UIptI2rcjg

[Cobra]

small trend line here. info only.

[shumushu]

I moved my stop to 1217.75

[agnosia]

wow. second crash for silver this year ! war gap on crude at 87.35 down to 85.95.

[agnosia]

small trend line here. info only.

cobra, one more push down you think?

[Cobra]

small trend line here. info only.

cobra, one more push down you think?

normally yes.

[Mr. T]

Cramer said last night: "The market rallied on oil going down below $93 - once it's below $90, we're going to rally!!!!"

Hate that POS Cramer.

[Petsamo]

I was able to scalp short, but I covered too quickly!

[99er]

SPX
Are we there yet?
http://99ercharts.blogspot.com/2011/08/spx_1400.html

[davros]

wow. second crash for silver this year ! war gap on crude at 87.35 down to 85.95.

still holding the trendline, just

[shumushu]

sold 1226.25

[Cobra]

very powerful rebound, but so far still looks like a bear flag. let's wait and see, I won't put too much faith on either bears or bulls.

[cc2265]

small trend line here. info only.

It seems more down days ahead, right?

[uempel]

In this very long term chart the dotted blue trendline is showing support: