04/29/2011 Intraday Watering

[Cobra]

Flat open, gap, if any will be filled and the day tends to be a range day. The Global ES is at a critical point, a strong breakout would mean galaxy far far away but if failed the breakout, I think it's time for a two legged pullback.

Institutional actions from stocktiming.

[chickencoop]

morning everyone!

[99er]

Good Morning.
Did you miss the wedding?
ES update: http://99ercharts.blogspot.com/2011/04/es_29.html

[99er]

EURUSD
Where's the honeymoon?
http://99ercharts.blogspot.com/2011/04/eurusd_29.html

[cletus]

Average trade size on emini futures contracts hit annual highs yesterday. Market should be topping here, not just a small top, I'm afraid it's probably THE TOP. Huge professional traders dumping their positions on every push up.

http://emini-watch.com/emini-trading-up ... FeedBurner

[KENA]

Good Morning.
Did you miss the wedding?
ES update: http://99ercharts.blogspot.com/2011/04/es_29.html

My wife is glued to the TV right now and will be there until it is over.

[99er]

KENA: "My wife is glued to the TV right now..."

Mine's asleep. It's 6:18 am and I'm so grateful she did not start watching at 1:00!

Women. And wedding gowns. Good Lord!

[chickencoop]

KENA: "My wife is glued to the TV right now..."

Mine's asleep. It's 6:18 am and I'm so grateful she did not start watching at 1:00!

My wife brushed teeth and ate her breakfast in front of our big tv and was late for work of course. BTW, the wedding is gorgeous.

[99er]

(Reuters) - Kate Middleton wore a stunning but simple ivory dress created by Alexander McQueen's Sarah Burton to marry Prince William on Friday, topped off with a tiara on loan from new grandmother-in-law the Queen.

[99er]

TF
Uh oh.
http://99ercharts.blogspot.com/2011/04/tf_29.html
Bats in broad daylight.

[Cobra]

the open.

[maldini]

Test the high fail then pullback?

[Me XMan]

Keep hitting the BUY button

[cletus]

Remember that huge volume spike I mentioned in DRV yesterday? Take a look at DRV today.

[99er]

SPX
Divergence.
http://99ercharts.blogspot.com/2011/04/spx_29.html

[FJoe]

Something to think about. Big moves often occur at the .886 fib. retracement.

Dollar high at 89.62 in March 2009. Dollar low at 70.70 in March 2008. Fib retracement of .886 = 72.90. We hit 72.83 this morning.

Don't be surprised if the dollar doesn't rally...even though the majority think it will continue lower. Just an FYI to keep in mind.

[stocksage]

Average trade size on emini futures contracts hit annual highs yesterday. Market should be topping here, not just a small top, I'm afraid it's probably THE TOP. Huge professional traders dumping their positions on every push up.

http://emini-watch.com/emini-trading-up ... FeedBurner

You say we have probably topped everyday. Is today the day????

[Cobra]

I see small double top here but the last bar could be an exhaustion bar, so whether this is a valid breakdown we'll have to wait and see.

[Cobra]

some support here. my bias is on the downside though.

[andyway]

Weekly option expiration for IWM SPY
85 and 136
get the closing direction correct and make a nice profitt