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05/02/2011 Intraday Watering

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Cobra
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05/02/2011 Intraday Watering

Post by Cobra »

Gap up, above Friday's range, so the gap may not be filled. Purely from Global ES, it could be a Bull Flag therefore there're good chances the overnight high will be tested at least. The catch I see is NQ is not very excited.
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Institutional actions from stcoktiming.
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amalgamator
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Re: 05/02/2011 Intraday Comment

Post by amalgamator »

Hello all, my current offerings:

OK:
Moon.gif
Well:
puetz windows.gif
But:
2may16.GIF
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Cobra
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Re: 05/02/2011 Intraday Comment

Post by Cobra »

amalgamator wrote:Hello all, my current offerings:

OK:
Moon.gif
Well:
puetz windows.gif
But:
2may16.GIF
Thanks. very quiet today, sign of bears giving up?

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99er
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Re: 05/02/2011 Intraday Comment

Post by 99er »

ES
Let's see what happens at the neckline.
http://99ercharts.blogspot.com/2011/05/es.html
What happened at WTC 7?
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Cobra
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Re: 05/02/2011 Intraday Comment

Post by Cobra »

The open.
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stocksage
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Re: 05/02/2011 Intraday Comment

Post by stocksage »

Looks like another Bear fry today.
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KENA
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Re: 05/02/2011 Intraday Comment

Post by KENA »

The NYSI is at 672.36 and will start to roll over at 700 +/- if it follows the same path as it has been for the last 1 3/4 yr.Also the NYMO is very high.The pull back look very very close.
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99er
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Re: 05/02/2011 Intraday Comment

Post by 99er »

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Mr. BachNut
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Re: 05/02/2011 Intraday Comment

Post by Mr. BachNut »

KENA wrote:The NYSI is at 672.36 and will start to roll over at 700 +/- if it follows the same path as it has been for the last 1 3/4 yr.Also the NYMO is very high.The pull back look very very close.

Agree on the NYMO being very high. Consistent with short term top/pullback soon.
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Re: 05/02/2011 Intraday Comment

Post by cletus »

No bear is scared today. IYR target is around 40, which puts the S&P in the 900-1000 ballpark.
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stocksage
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Re: 05/02/2011 Intraday Comment

Post by stocksage »

Good luck with that, this market isn't going down substantially for another 3 weeks.
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Re: 05/02/2011 Intraday Comment

Post by Mr. BachNut »

I find the IYR chart interesting when compared to the commerciall real estate line in the Schiller chart.
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Cobra
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Re: 05/02/2011 Intraday Comment

Post by Cobra »

stocksage wrote:Looks like another Bear fry today.
I won't think so. we'll know in the next couple of hours.

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99er
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Re: 05/02/2011 Intraday Comment

Post by 99er »

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Re: 05/02/2011 Intraday Comment

Post by Cobra »

black bar, so breakdown below the morning low would mean a down trend day. the good news is RSI new high now, so the very first pullback is buy.
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KENA
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Re: 05/02/2011 Intraday Comment

Post by KENA »

For what it is worth on the NYSI the 200 and 50 day ave.are both at 614.46 with the 200 day crossing up over the 50day. Most of the time this is bearish. Wait and see.
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Re: 05/02/2011 Intraday Comment

Post by 99er »

cletus
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Re: 05/02/2011 Intraday Comment

Post by cletus »

Breakdown in this channel puts GOOG at $150 as it struggles at gap resistance. GOOG at $150 puts the S&P well below 900, possibly at lows beneath March 09.
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Re: 05/02/2011 Intraday Comment

Post by 99er »

SPX
Update of 4-hour chart.
http://99ercharts.blogspot.com/2011/05/spx_02.html
So where is the better risk/reward?
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KENA
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Re: 05/02/2011 Intraday Comment

Post by KENA »

99er wrote:SPX
Update of 4-hour chart.
http://99ercharts.blogspot.com/2011/05/spx_02.html
So where is the better risk/reward?
Right now it looks like more risk then reward.
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