05/31/2011 Intraday Watering

[cougar]

While the Boys gyrate this market, an additional note on palladium: a deep correction here is quite possible. This would be a wave2 of big WVAE5, as suggested on the chart bellow, which is a zooming on the last moves of the previous one.
Elliott wrote that w2 corrections are particularly extensive. So, in principle. PALL could go down with the rest of commodities, for a while, as posted by Cletus. However, if this is the right count, the UP trend would stay intact.

[uempel]

I'm expecting a move soon, presumably to the upside:

[cletus]

Huge volatility spike in silver at a high, with a breakdown following, looks like a top.

[99er]

DX
Okay, Ben.
http://99ercharts.blogspot.com/2011/05/dx_31.html
We get the drill.

[ddd]

Oil may need second leg down to test 92 area.

[cougar]

OK guys: check out the TICK/VIX now!!!

[99er]

ddd:

Cool chart!

[MajorEasy]

volume ratio 60 minute only slightly bearish

[Cobra]

ok, a little bit bigger rebound here could be, should be 2 legged up. not sure, wild guess.

[uempel]

I'm expecting a move soon, presumably to the upside:

SPX7.png

Well, the move wasn't strong and it was to the downside...

[shumushu]

OK guys: check out the TICK/VIX now!!!

Never thought of plotting a Tick to Vix chart. What does the ratio suggest??

[99er]

Copper
Kaput?
http://99ercharts.blogspot.com/2011/05/copper_31.html

[cletus]

ISEE very low today. Retail traders don't buy the breakout. They are wrong and the market will head higher eventually. I'm still bullish on the markets in general and a new high will come, but there should be a shallow correction in all risk assets coming.

[99er]

Copper
Close up.
http://99ercharts.blogspot.com/2011/05/copper_4616.html

[cougar]

shumushu: Actually, a real ratio would be quite messy, due to the huge variance in the TICK values…and this is why I am using for the tick an EMA ribbon + Keltner. I compare on the same chart the moves of TICK, VIX and TRIN. This is giving me an “approximate operational view” of what the Big Boys are doing…Chart soon..

[cletus]

IYR breakout is clear. First level would be a prior target not yet achieved shown by the blue box -- still more to go.

[BullBear52x]

I am neutral now. right at 50% retracements, easy short for bears. Bulls don't want to trade below 133.5 from here.

[KENA]

ISEE very low today. Retail traders don't buy the breakout. They are wrong and the market will head higher eventually. I'm still bullish on the markets in general and a new high will come, but there should be a shallow correction in all risk assets coming.

No!..Dn trend...Wait and see.

[cletus]

ISEE very low today. Retail traders don't buy the breakout. They are wrong and the market will head higher eventually. I'm still bullish on the markets in general and a new high will come, but there should be a shallow correction in all risk assets coming.

No!..Dn trend...Wait and see.

The markets will make new highs. It is guaranteed. I want to get long the market, maybe not in the next few days, but going long is a must.

[Cobra]

ok, indeed a rebound. should be 2 legged. need see how pullback goes before making my next call.