03/25/2011 Intraday Watering

[uempel]

Resistance at 1314/1317 is proving to be stronger than I anticipated, I checked this chart which I use for day trading

GreenResistance.png

Are you on Mac or ipad? Can you annotate chart on ipad? I think ipad doesn't support either java or flahs.

Right, ipad does not support either. I use it mainly as a thrid screen - to look at charts, to watch CNBC, whatever. On weekends I use it to keep in touch when we are up in the mountains, so that I can post messages on your blog

[zombiebraingoo]

5 min spx continues to be bullish - following the uptrendline from 1284

we may be hitting hard resistance here that will produce a fractured fractal that will have to consolidate to resolve one way or the other -

still up methinks - obvious breakout needs to clear 1320

5 min macd is forming what I like to call the indecisive dolphin bottle nose - these break either way and are so much fun to watch!

Daily chart is right at fractal resistance - looks strong - STOCH RSI is healthy and ADX looks like it wants to confirm...

[KENA]

FYI... Stocktiming.com has issued a mkt buy now on spy and iwm.I will wait because i expect a pull back.See what next week brings then i may be bullish.

Don't read too much into their signals. If I charge you $100 a month for my ST Model or Cobra Impulse Model to be , you might think they're previous signals. I mean I don't think their signal has something unique. You'll know eventually.

Yes Cobra I do agree with you.I use them mostly for the charts.The owner Marty is very very conservative.

[verve$]

Resistance at 1314/1317 is proving to be stronger than I anticipated, I checked this chart which I use for day trading

GreenResistance.png

Are you on Mac or ipad? Can you annotate chart on ipad? I think ipad doesn't support either java or flahs.

Yes it does not. I am planning to buy netbook b'cse it's cheap, light, small and support all o/s features. Then I can trade from office and make some money day trading

[Cobra]

Yes it does not. I am planning to buy netbook b'cse it's cheap, light, small and support all o/s features. Then I can trade from office and make some money day trading

I kind will get an ipad 2 for free, I haven't figured out yet in which way I should use it since it doesn't support java, neither flash nor silverlight, so pretty much nowhere I could use it.

[zombiebraingoo]

Does anyone have a take on the USD - the daily looks like a bullish falling wedge but the weekly looks like a bear wedge that will break down to around 71.?

I am sort of shocked how it refuses to break below 75.50

[DCS]

Huh.

Even tho I'm short, I have to admit I'm surprised at the difficulty holding 1318.

Pretty anemic.

Who else thinks it might roll over for a bit?

[uempel]

This is just for fun, shows that Fib Fans work very well using one (of the multitude) of Wyckoff's ideas:

[Simsonic]

Like I said yesterday (thanks Carl)...

Today's range estimate is 1303-1319. The cash S&P closed above 1305 yesterday. This means that last week's low at 1249 in the cash (1241.25 in June ES) ended the drop from the February top. The market is now headed for 1400 and above.

[zombiebraingoo]

Huh.

Even tho I'm short, I have to admit I'm surprised at the difficulty holding 1318.

Pretty anemic.

Who else thinks it might roll over for a bit?

I wouldnt short unless spx breaks 1313 - this is strong pivot support that will have to give way to 1303 in order for any noticable pullback to manifest.

be careful - shorting can rip the lungs out of your account very fast...

[verve$]

Yes it does not. I am planning to buy netbook b'cse it's cheap, light, small and support all o/s features. Then I can trade from office and make some money day trading

I kind will get an ipad 2 for free, I haven't figured out yet in which way I should use it since it doesn't support java, neither flash nor silverlight, so pretty much nowhere I could use it.

Blackberry tablet is another option if it's already available to buy.
It support flash. I is like iPad and looks promising

[zombiebraingoo]

FAS may be setting up a rewarding trade for those with ice water for blood...looks like it broke out of a falling channel today.

[verve$]

FAS may be setting up a rewarding trade for those with ice water for blood...looks like it broke out of a falling channel today.

Thanks looks good.

[Cobra]

Well, now we all know where SPY will go the next.

[DCS]

What are those?

How do they happen?

Anyone know for sure, or is it "them"?

[99er]

Cobra: "Well, now we all know where SPY will go the next."

Does this kind of thing only happen on SPY? And how often or frequently do these candles appear? Thanks.

[Cobra]

Cobra: "Well, now we all know where SPY will go the next."

Does this kind of thing only happen on SPY? And how often or frequently do these candles appear? Thanks.

Happens on all charts, sometimes they do work, sometimes they don't, just don't take them seriously.

[Cobra]

Cobra: "Well, now we all know where SPY will go the next."

Does this kind of thing only happen on SPY? And how often or frequently do these candles appear? Thanks.

Now the direction is gone, so forget about it.

[huiwangren]

Immortal guiding is gone ,but it seems work,,

[huiwangren]

hehe