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05/12/2011 Intraday Watering

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BullBear52x
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Re: 05/12/2011 Intraday Watering

Post by BullBear52x »

The way market acting now, the intraday high will only give a better sell signal. waiting for RSI divergence for the next sell point at intraday high.
My comments are for entertainment/educational purpose only. NOT a trade advice.
StrikePrice
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Re: 05/12/2011 Intraday Watering

Post by StrikePrice »

AAPL Bull Flag breakdown...held at gap support.

When AAPL breaks down to fill the gap we'll get the big plunge down.
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uempel
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Re: 05/12/2011 Intraday Watering

Post by uempel »

Waiting for a breakout:
SPX5.png
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

Crude
Update.
http://99ercharts.blogspot.com/2011/05/crude_12.html
Pennant still in play.
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BullBear52x
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Re: 05/12/2011 Intraday Watering

Post by BullBear52x »

No divergence, sorry bears, may wait for the new set up.
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gabor
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Re: 05/12/2011 Intraday Watering

Post by gabor »

How is the volume? Yesterday it was higher than average, isn't it?
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

Copper
Will prices break down?
http://99ercharts.blogspot.com/2011/05/copper_12.html
To form a neckline?
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

gabor
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Re: 05/12/2011 Intraday Watering

Post by gabor »

The gap looks quite serious. Is it just my system, or everybody sees it?
gabor
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Re: 05/12/2011 Intraday Watering

Post by gabor »

gabor wrote:The gap looks quite serious. Is it just my system, or everybody sees it?
I think we will go back where we came a day before yesterday. Range, which kills bulls and bears!
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

SPX
61.8%.
Gotta love Fibonacci.
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Cobra
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Re: 05/12/2011 Intraday Watering

Post by Cobra »

OK, I'm BACC. As I said more up, now we have a new channel. bears couldn't make a lower low so bulls look good now.
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

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Mr. BachNut
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Re: 05/12/2011 Intraday Watering

Post by Mr. BachNut »

The VIX appears to have made a double top May 5th and 6th. Today's high was a considerably lower high. The SPY also made higher lows May 5, 6 and today.

There is hope for the bulls.

I am seeing a triangle formation taking shape from the May 2 high. Perhaps the resolution of that sets the intermediate term market direction.
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BullBear52x
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Re: 05/12/2011 Intraday Watering

Post by BullBear52x »

We got Bulls trap yesterday and today we got Bears trap, can they trap BullBear52x. sell short SSO here, litooo divergence here.
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Olly Varadi
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Re: 05/12/2011 Intraday Watering

Post by Olly Varadi »

99er wrote:RUT
Another look at that count...
http://99ercharts.blogspot.com/2011/05/rut_2243.html

I sure hope you've got that count right. If bears have a chance, the market needs to go down now. And I mean down, not just wait for the Bollies to catch up.
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Cobra
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Re: 05/12/2011 Intraday Watering

Post by Cobra »

should be a pullback of some kind here, then we'll see.
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KENA
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Re: 05/12/2011 Intraday Watering

Post by KENA »

OK I missed it..Short covering???Bull trap????Bad news on thur and green day then Fri dn.Lets see???
StrikePrice
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Re: 05/12/2011 Intraday Watering

Post by StrikePrice »

Cobra wrote:OK, I'm BACC. As I said more up, now we have a new channel. bears couldn't make a lower low so bulls look good now.
Cobra,

This looks like a 3 push up, yes?
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

Olly Varadi: "I sure hope you've got that count right."

I'm not an Elliott Wave guy (always mistake a 3 for a 5) but do believe that counts are helpful.

Just another tool, as they say.
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