05/13/2011 Intraday Watering

[gabor]

Cobra,

Any word on seasonality next week ? Bullish monday since bullish friday was bearish friday and so bearish monday be bullish monday ?

reversal of reversal of seasonality ?

bullish Monday, bearish Friday.

Sell in May and go away!

[Tabby]

I am having $27.71 as entry point, stop loss $27.45. I still think this market is going much lower by next week.

[PRI]

ok, lunch time. the rebound may (or may not) have further to go but I think there'd be another leg down to test yesterday's low at least. the menu today, by the way, is beef again.

Cobra,
Do you still think that we will revisit yesterday's low todat?
Thanks

[BullBear52x]

BB52,
Fas on 5 mins chart is getting slightly bullish. BB is getting tighter.

My BUY intraday will only buy above 200dma 1min. not yet I kind of see divergence there. also longer term down trend is confirmed. I will sell the rally in this case, no buying.

[uempel]

I'm waiting for some kind of action, for me preferably bullish...

[Mr. BachNut]

The triangle formation from May 2 on the SPY getting tighter again today. Another lower high for the VIX (so far) today. Surprising given the dramatic move in the $. Next week could be a fateful week.

[Cobra]

ok, lunch time. the rebound may (or may not) have further to go but I think there'd be another leg down to test yesterday's low at least. the menu today, by the way, is beef again.

Cobra,
Do you still think that we will revisit yesterday's low todat?
Thanks

Normally it should. let's give it a little more time. the sell off was just way too strong, it's very rare to be bottomed without at least another attempt to try to breakdown. so basically I see a bear flag here.

[BullBear52x]

I'm waiting for some kind of action, for me preferably bullish...

SPXE.png

I think most of EW guys are buying right here, not me,I will just close out my shorts totally close out.

[PRI]

ok, lunch time. the rebound may (or may not) have further to go but I think there'd be another leg down to test yesterday's low at least. the menu today, by the way, is beef again.

Cobra,
Do you still think that we will revisit yesterday's low todat?
Thanks

Normally it should. let's give it a little more time. the sell off was just way too strong, it's very rare to be bottomed without at least another attempt to try to breakdown. so basically I see a bear flag here.

Thank you, I see the same thing.

[soku]

my bots says 1335.75 could be a buy, which is about spx 1339. but i haven't done it yet. feel like some overshooting may come

es 1335.75 area now is res. i still think we will see 1340-41 area

another try. 1341 is still my target

[StrikePrice]

Sideways to create a Volatility Squeeze going into the weekend. I'll guess 1339.50 for the close.

I'd start drinking but it isn't even noon yet.

[uempel]

I'm out with a small gain, but now I'm off. Bye guys.

[viewer]

It seems the 2nd leg will be at the close.

[Cobra]

critical time, if this is not a exhaustion bar then bears are dead again.

[viewer]

Cobra,

How to judge if it is a exhaustion bar or not?

[Tabby]

Sold Fas $27.89. 15 mins confirms buy but I am scared to hold it.

[StrikePrice]

13/34 cross on SPY...To Be or Not To Be...that is the question...

[Cobra]

Cobra,

How to judge if it is a exhaustion bar or not?

bigger bar after a series of small bar plus volume surge.

[BullBear52x]

Sold Fas $27.89. 15 mins confirms buy but I am scared to hold it.

I hope I didn't scare you out since I am reload on SSO shorts (small speculative lot)to hold over the weekend. stops 54.69 on this one.

[dr659]

I watch real time quotes on Aol Money , but real time is down and only 15 min delay is available, Any other sites I should be going to? Anyone? thanks :