10/03/2011 Intraday Watering

RealMoneyIssues · Post by **RealMoneyIssues** » Mon Oct 03, 2011 1:14 pm

davros wrote:es trendline held so far, dollar looks like it wants to roll over and die but stocks won't let it

Which comes first, the dollar or the equity?

99er · Post by **99er** » Mon Oct 03, 2011 1:15 pm

Honey...you can put a fork in it now.
SPX
Back testing.
http://99ercharts.blogspot.com/2011/10/spx_7735.html

But it's raw.

BullBear52x · Post by **BullBear52x** » Mon Oct 03, 2011 1:16 pm

Wow no support? you got to be kidding me, LOL

davros · Post by **davros** » Mon Oct 03, 2011 1:17 pm

davros wrote:es trendline held so far, dollar looks like it wants to roll over and die but stocks won't let it

nope, trendline broken

rpccharts · Post by **rpccharts** » Mon Oct 03, 2011 1:17 pm

ES session range estimate is 1100-1128. ES is headed below its August low at 1071.

Plan working well.

agnosia · Post by **agnosia** » Mon Oct 03, 2011 1:17 pm

BullBear52x wrote:Wow no support? you got to be kidding me, LOL

nope i think this one is the real thing. new downtrend has begun and it won't be nice to bottom pickers. be careful

heavenskrow · Post by **heavenskrow** » Mon Oct 03, 2011 1:18 pm

WOW!!!! Thats a big breakdown!

jarbo456 · Post by **jarbo456** » Mon Oct 03, 2011 1:19 pm

wow. it tagged the exact 110.85 low.

Post by **Cobra** » Mon Oct 03, 2011 1:19 pm

there're chances the current bar is an exhaustion bar, we could see a rebound or consolidation here, usually the rebound would fail.

cougar · Post by **cougar** » Mon Oct 03, 2011 1:20 pm

cougar wrote:SPX 60 min: update of a chart published during the weekend.
2 closest target/support levels:
* 1112 and
* 1001-1102

After a brief hesitation, first support (1112) was broken

BullTart · Post by **BullTart** » Mon Oct 03, 2011 1:21 pm

Very interesting... breakdown, but no movement on the dollar.

I am forced to watch how this develops on the sidelines.

Let's see if that was the washout. Still hours left into the close.

If this ends up being a bear trap indeed, it will be a very very well placed one.

BullBear52x · Post by **BullBear52x** » Mon Oct 03, 2011 1:21 pm

Looky here bears, something about to sneak in the back door. DBV here, MACD crossed obey your stops.

KENA · Post by **KENA** » Mon Oct 03, 2011 1:22 pm

Working out but watching..This makes me work out harder..Working good today.

heavenskrow · Post by **heavenskrow** » Mon Oct 03, 2011 1:23 pm

BullTart wrote:Very interesting... breakdown, but no movement on the dollar.

I am forced to watch how this develops on the sidelines.

Let's see if that was the washout. Still hours left into the close.

If this ends up being a bear trap indeed, it will be a very very well placed one.

thats what im trying to be careful of...bear traps...

SB73 · Post by **SB73** » Mon Oct 03, 2011 1:23 pm

SB73 wrote:
Cobra wrote:double top target. besides, it looks more and more like a descending triangle.

I see a larger decending triangle...target 1104 on SPX.

Target almost met...I still see more juice

Post by **Cobra** » Mon Oct 03, 2011 1:24 pm

RSP already broke the 08/09 lows, now good.

bushwaffle · Post by **bushwaffle** » Mon Oct 03, 2011 1:25 pm

BullBear52x wrote:Looky here bears, something about to sneak in the back door. DBV here, MACD crossed obey your stops.

Just booked out, I see it too....decent day, no more dry powder for me..

heavenskrow · Post by **heavenskrow** » Mon Oct 03, 2011 1:25 pm

but then again the Morgan Stanley CDS....and how we are near the 200bar weekly MA....

Mr. BachNut · Post by **Mr. BachNut** » Mon Oct 03, 2011 1:26 pm

We probably hit some sell stops in this move. As we get out of this overly trodden trading range to the downside, it ought to be green fields of stops for the computers to work on. I imagine there is a trove of stops lurking below the August low.

soku · Post by **soku** » Mon Oct 03, 2011 1:27 pm

huge vol, bearish breadth 1102.5, we arrived. not sure what's next.
very busy today. will be absent for another hour or so

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10/03/2011 Intraday Watering

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