12/05/2011 Intraday Watering

[soku]

Should have included "the guy's website":

http://www.brookspriceaction.com/portal.php

I am Al Brooks, MD, and I daytrade E-mini futures, stocks, and options for a living.

this guy sound like somebody here, started with c.....

Wiley will release three new books in November, 2011. They go into much more detail about trading and how markets work, and I had a trader proof read all 540,000 words to make sure they were clear and much easier to understand than my first book.

wow this guy heard me.
me on it. i will read it and report back.

[Cobra]

that's nice, we gap up almost everyday then spent the day doing nothing. I don't think this kind of behavior is bullish.

[uempel]

Al_Dente, in your 1 min chart there is always a dotted vertical, hardly visible as it's orange colored. What does it indicate, some kind of crossover? I haven't found out...

[wayne0708]

hopefully this kind of consolidation would bring a breakout eventually. Let's say 50 to 50 chances.

I said 100% of breakout (could be either side, up/down).

[Cobra]

hopefully this an ascending triangle.

[Cobra]

hopefully this kind of consolidation would bring a breakout eventually. Let's say 50 to 50 chances.

I said 100% of breakout (could be either side, up/down).

to me:

break on the upside is "breakout".
break on the downside is "breakdown".

Someone please correct my English. I'm still learning. My daughter would soon be able to correct my English but still not now.

[SB73]

that's nice, we gap up almost everyday then spent the day doing nothing. I don't think this kind of behavior is bullish.

5 min MACD hooking up just in time for the breakout IMO. There is no way I will stay long over night for the reasons listed we literally have 4 monster gaps in 6 days. I can't find situations where this does not end in tears even if just for a couple of days.

[uempel]

that's nice, we gap up almost everyday then spent the day doing nothing. I don't think this kind of behavior is bullish.

Cobra, might be the cheapest way to boost the market. Push up futures pre-opening, keep the market up by buying all supports.. To me the whole thing looks a bit like distribution, but I'm unsure and am waiting to see what happens in 40/50 minutes.

[Al_Dente]

DMA 191 at 1262, DMA 200 at 1264... I'm still waiting for 13.20 or 13.30 pm...

333.png

Uempel, looks like all lines “converge” on 1270-ish today?
That would be double-top-ish with SPX 11/8/11 (?)

[rhight]

second vid with Van Morrison and Candy Dulfer

http://www.youtube.com/watch?v=BKnVLa986cs

Thanks uempel, Van Morrison vids are hard to come by. Saw him live from 5 rows back on the "wavelength" tour, great band and show.

[ddd]

that's nice, we gap up almost everyday then spent the day doing nothing. I don't think this kind of behavior is bullish.

NYSE could soon be renamed to EUSE.

[Mongoose]

hopefully this kind of consolidation would bring a breakout eventually. Let's say 50 to 50 chances.

I said 100% of breakout (could be either side, up/down).

to me:

break on the upside is "breakout".
break on the downside is "breakdown".

Someone please correct my English. I'm still learning. My daughter would soon be able to correct my English but still not now.

And the most important:

break on the fastside is "breakfast".

[wayne0708]

hopefully this kind of consolidation would bring a breakout eventually. Let's say 50 to 50 chances.

I said 100% of breakout (could be either side, up/down).

to me:

break on the upside is "breakout".
break on the downside is "breakdown".

Someone please correct my English. I'm still learning. My daughter would soon be able to correct my English but still not now.

Master Cobra: you are right either case lol

[BullBear52x]

Look at RSI here, it doesn't get any stronger.

[jimme]

Hi everyone,
I missed this mornings action to line up a day job. All I can say about the market action is WOW. The /DX really tested it's up channel and I have updated my /DX charts. I am short SDS and waiting for a reversal. Carryon! jimme

https://skydrive.live.com/redir.aspx?ci ... 5ipsGiPNUU

[MrMiyagi]

Strange behavior with today's move up; TLT, TBT, TVIx, VIX, UUP, US$ index not totally agreeing with it.

[jarbo456]

some more bearish evidence for some kind of pullback (which probably won't happen...lol)....

IYT...rising wedge, can barely create a positive macd, and some more neg d on rsi....

[Al_Dente]

that's nice, we gap up almost everyday then spent the day doing nothing. I don't think this kind of behavior is bullish.

Dearest King Cobra
Sure, I know you don’t have time to listen to songs
But this one is especially for you
http://www.youtube.com/watch?v=yDMJx8dyxWE

[Cobra]

ascending triangle target.

[uempel]

Al_ Dente, I always refer to EDT/NY, it's Greenwich minus 5 or CET minus 6. It's also the time which is on stockcharts... By the way: I asked you before, what is that vertical in your 1 min chart, the orange one