04/08/2011 Intraday Watering

[Cobra]

Gap up open, back to yesterday's high, so no idea if the gap will be filled or not, just hopefully not another range day today. Oil keep rising by the way.

Institutional actions from stocktiming.

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[demon]

gm

[99er]

Morning.
/ES update: http://99ercharts.blogspot.com/2011/04/es_08.html
Good luck.

[koolblue]

Good morning. As a student of the markets, i study many different' methods'.

[koolblue]

Again, overnight trade has taken us back toward the recovery high; at this time 8:15 ET we are at a go no/go level. The likely scenarios are;

1. Rotate back toward the prominent fairest trade level.
2. Take the recovery high and fail to hold and climb further, which would increase the odds of trading off, and
3. Take the recovery high and accelerate.

If the market fails the retreat could be fast because of long overnight inventory.

[99er]

Travelfrog: "Do your charts ever have any upside targets?"

Sure. See the charts of gold and silver. As for equities, there are intra-day bullish Wolfe Waves on 5- and 15-minute charts but I mainly use 60-minute charts. We've been in a down trend since mid-February so the big picture is down. I have a bearish bias because I believe that the only thing keeping equity prices up is the liquidity provided by the Federal Reserve. Without this, we would have crashed a long time ago.

[amalgamator]

Morning all, this is what the moon says. There is usually a buy/sell theme to earnings season, which starts Monday. A lack of pre-announcements suggests a lack of major surprises, but will rising input prices have squeezed more than rising sales?

[Dow Trader]

I will short the Dow again at the open for 100 points and if I didn't have my target, then I will hold for next week..

[BullBear52x]

Good morning, looks like another squeezing morning, will it hold? That's $1K question, I see ascending triangle. GL all

[agnosia]

5th time is the charm? If we break /es 1336 convincingly then we are off to the races... looking pretty decent up here. I dumped all my /cl longs but i think $110 is the new floor for /cl ...

[99er]

EURUSD
Is the market pricing in a government shutdown?
http://99ercharts.blogspot.com/2011/04/eurusd_08.html

[silverharp]

EURUSD is just at .786 of high from 09

[KENA]

Liquidity is up...Institution buying up a little and selling decreasing.Nysi has pushed to the top range and may start turning down. One thing to watch today is the Dow.Resistance level of 78.6% Fib. is at 12543. Strong Res. area.

[Cobra]

the open.

[Dow Trader]

Vix at major support 16.50 area

[millie]

I did say gap fill before down , kept my powder dry and not shorted early for once. Lets see the result of this gap now.

[koolblue]

resistance ..134.18, triangle target around 134.58?

[agnosia]

The bears WIN!

[BullBear52x]

I did say gap fill before down , kept my powder dry and not shorted early for once. Lets see the result of this gap now.

this is easy short of all time stop is right at the top

[silverharp]

the was a double top in SPX futures now and about 2 hrs ago , might see a little pullback