12/01/2011 Intraday Watering

[jarbo456]

I just saw some thing strange and wanted to show it, this is CHF hourly chart moving up near yesturday news high which is a signal that Dow could follow, and if Dow followed, then we might be surprised at today close or tommorow at the open. So, I will watch it for sure because it is a warning for bulls with no confirmation yet and it is a big move so fa

warning for bulls? dow could follow CHF up? which direction do you believe the relationship to be? i've been watching the spike as well...

compair the 2 charts and you will see my point

ok. that's what i thought, but it sounded like you were saying the dow was going to follow the USD/CHF chart up. but it's actually an inverse relationship.

[fehro]

trendline retouch?

[BullBear52x]

Intraday DATA http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
Interpretation: We are underwater again (the red shaded area represents the intraday “underwater” zone, aka below 50ema)…But declining stocks are still weak at ~1680 = potential for more “choppy”

http://www.youtube.com/watch?v=6lFxGBB4UGU

spit it out 123.5 would ya?

[Me XMan]

Come on break down already....

[StrikePrice]

Closed my short scalp because of turn of hour. Wanted lower low and may happen but 1pm scared me out.

[Dow Trader]

I just saw some thing strange and wanted to show it, this is CHF hourly chart moving up near yesturday news high which is a signal that Dow could follow, and if Dow followed, then we might be surprised at today close or tommorow at the open. So, I will watch it for sure because it is a warning for bulls with no confirmation yet and it is a big move so fa

warning for bulls? dow could follow CHF up? which direction do you believe the relationship to be? i've been watching the spike as well...

compair the 2 charts and you will see my point

ok. that's what i thought, but it sounded like you were saying the dow was going to follow the USD/CHF chart up. but it's actually an inverse relationship.

yes that what I ment " inverse " .. it is still a warning and CHF must go above that high to confirm and we are not there yet, but good to be a ware

[Cobra]

key time, the 2nd test always is the key.

[Me XMan]

At what point you have as test completed?
Over $125?

key time, the 2nd test always is the key.

[uempel]

Dow, there are rumors that SNB might change the intervention rate CHF/EUR from 1.20 to perhaps 1.25 or even higher... So far only rumors, perhaps spread by CHF shorts.

[tdo722]

great news for bears. Vix made hew high of day. Now waiting for UUP and TLT.

[Al_Dente]

very bearish internals, well, what say you Dr. Al?

I say your charts are always better than mine, but being a trendie… I STILL NEED PROOF…..
ooooooooooo, looky there, I just got some proof, or “proofiness”… but I’d still like to see more PUNCH from the nydec
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

BTW BB did u ever notice how sometimes when EVERY SINGLE indicator that you’ve got screams in the same direction all at the same time….. mmmmm…. a reversal maybe occurs…. just an observation?.. U?

http://www.youtube.com/watch?v=GIDZE96_ ... re=related

[Dow Trader]

Anoother view:
So far, YM didn't confirm ES high of the day and the pattern made a doublt to in hourly with a confirmation if closed below 11964

[jaijailyc]

this isn't bad for the bulls in the longer term.

[Cobra]

I think chances are a little higher that the green line below will be broken.

[BullBear52x]

very bearish internals, well, what say you Dr. Al?

I say your charts are always better than mine, but being a trendie… I STILL NEED PROOF…..
ooooooooooo, looky there, I just got some proof, or “proofiness”… but I’d still like to see more PUNCH from the nydec
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

BTW BB did u ever notice how sometimes when EVERY SINGLE indicator that you’ve got screams in the same direction all at the same time….. mmmmm…. a reversal maybe occurs…. just an observation?.. U?

http://www.youtube.com/watch?v=GIDZE96_ ... re=related

You see I am bull and bear, counter trend right now.
look's like your SLV is in trouble, second traped bulls is freaking out right now.

[Dow Trader]

ES update

[Cobra]

At what point you have as test completed?
Over $125?

key time, the 2nd test always is the key.

I meant the downside test.

[HighRev]

If the equity world was only limited to the DOW, I'd say things are looking very constructive for the bulls with a possible consolidation above the 200dma.

But, unfortunately, things aren't so simple.

Good thing the bulls had a very constructive day in Europe. Using the most basic of TA metrics, a light volume red day after a big run up, well, you could say that the DOW has good company in Europe (today anyway).

Still a bit simplistic . . .

[janez]

just got back from my trip to China. Will look for the donation link in the next few days. thanks.

[tdo722]

I see a very good chance we retest yesterday's low at 1233 to complete this wave 4 off this bounce off Friday's low. This 1233 is also a good place for all trapped bears to get the hell off the near-crashing bear train. After that wave 5 should takes us to the Oct 27 decline trend line.