09/07/2011 Intraday Watering

[alvian33]

cobra, no offense but it's confusing, you said it's rare we wont go lower since a forward accelerating car.... due to selling momentum you said we will go lower, now you seem to be bullish and say it's rare we won't go higher, so do you expect we will go lower, or that was it, and now its to the upside?

[su_root]

As long as the volume breadth keep on trending up, no sell.



By the way, a solid MAD so far, and a MAD is rarely reverse course intraday.

How/from where do You get those fancy indicators?

[putts]

ok too much overhead supply in /es i think.. saw the DOM and i don't think we get through today.. selling all my /es longs . flat now. my guess is we hang around these levels and gap higher overnight... i will stop posting now, sorry for posting so much today guys i hope some of you followed me in my crude trades and made some money.

Has been working for me, thanks

[lilitulip]

Hello Cobra,

Volume is not convincing?

[HappyFriday]

fight back even stronger, see 120.7 !

[Cobra]

cobra, no offense but it's confusing, you said it's rare we wont go lower since a forward accelerating car.... due to selling momentum you said we will go lower, now you seem to be bullish and say it's rare we won't go higher, so do you expect we will go lower, or that was it, and now its to the upside?

go higher then go lower. it's the 3 push up case, this could be the last push up as long as it cannot make a decisive high. Make a decisive high would be the "YES WE CAN" case which I think the odds are very low.

[Cobra]

Hello Cobra,

Volume is not convincing?

no volume required to be up. we've been like this for the last 2 years, now who cares about volume?

[BullBear52x]

If you are trend follower, you should hold some long over night.

since I missed the long entry I will just hold out. still hold on my swing short position since last week, so I am bear I guess.

I'm going for a small short by taking a spy put near closing.So I'm holding on the bearish side with you. Lets see.

If we run straight up from here, Obama new job plan must be good, poor guy, he has to go back to a drawing board every 3 months to come up with new plan and people are buying it.

[Cobra]

I see two problems here:

ChiOsc too high.
Largest hourly bar today and volume increased, so could be an exhaustion bar.

So there're some chances for pullback of some kind here.

[agnosia]

Hello Cobra,

Volume is not convincing?

no volume required to be up. we've been like this for the last 2 years, now who cares about volume?

yep exactly. it's adapt or die in the market as it is always changing... but who would have thunk volume would not matter weird times.

[jaaawf]

Just like yesterday? A little late afternoon swoon before the buyers come in and finish at HOD? I'd think so.

[agnosia]

Has been working for me, thanks

good to hear

[ddd]

As long as the volume breadth keep on trending up, no sell.

By the way, a solid MAD so far, and a MAD is rarely reverse course intraday.

How/from where do You get those fancy indicators?

With "pw" is my experiment or tweak at ThinkScript. Otherwise it's from others programmers.

[99er]

So honey...what's for lunch?
BKX http://99ercharts.blogspot.com/2011/09/bkx_07.html

Toast.

[JustTrading]

Anyone has an opinion on whether BOE and ECB drop interest rates tomorrow (announcement scheduled for tommorrow)....if they do, would that support further upside in the markets in general....? Thoughts welcome....gotta think ahead and read the tea leaves.



Thanks Unique for the time of the speech.

[ramram]

Volume does not matter -- until it matters. lol

[jaaawf]

Anyone has an opinion on whether BOE and ECB drop interest rates tomorrow (announcement scheduled for tommorrow)....if they do, would that support further upside in the markets in general....? Thoughts welcome....gotta think ahead and read the tea leaves.



Thanks Unique for the time of the speech.

I don't see them dropping further. They have a mandate to control inflation too. Not just growth. My guess is that they won't debase, debase debase like helicopter Ben. IMHO

[hutongerchuanzi]

As long as the volume breadth keep on trending up, no sell.



By the way, a solid MAD so far, and a MAD is rarely reverse course intraday.

How/from where do You get those fancy indicators?

ThinkorSwim

[BullBear52x]

Bullish look, a Asc/descending triangle is one of reliable trend change formation, lets give it a benefit of a doubt. 121 is the number to confirm right? so now she is still down and under with first failed trial. bear win

[Cobra]

pullback as I expected. the next bar is key because I see volume surge here. lower volume the next bar would mean the pullback is near over.