12/07/2011 Intraday Watering

[soku]

not moving? i know.
down time, what to do? how about let's talk about apps? what are yr favorite apps?

btw, goog has app sale going on.
https://market.android.com/details?id=a ... NjA1MzIiXQ

[Al_Dente]

5 minute
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

[StrikePrice]

Lower high and kiss the trend line goodbye? Usually when I want the market to fall rather than following my signals I lose.

[jarbo456]

well, this trend line is the problem for the bears and it's creating an ascending triangle with the pivot above head. bears will have to crack lower trend line to do anything today.

[Me XMan]

I'm sitting here scratching my @ss and wondering should I go long now...

update.

Is a bear or rat, or may be Me X man sitting on the top? Great chart!

[janez]

I finally got few hundred shares of EDC to borrow lets go bears

what does this mean? you shorted EDC?

[pady]

5-wave impulse C wave...

1 = 1266-1245 ( clear 5 wave impulse )
2 = 1245-1258 ( 62% retrace )
3 = 1258-1223.6 ( 1.62*W1 )
4 = 1223.6-1237
5 = 1237-1202

[BullBear52x]

Dr. Al internals and me agreed some what

[Al_Dente]

I finally got few hundred shares of EDC to borrow lets go bears

BB u mentioned yest that EDC was unavailable for borrowing??
To me that is a potential squeeze signal, do u read anything into that? hard to borrow yest, easy to borrow today??
Just curious, what did the order actually say yest when it was declined??

[BullBear52x]

I finally got few hundred shares of EDC to borrow lets go bears

what does this mean? you shorted EDC?

That's affirmative!

[jynmax]

maybe we are at the arrow,not sure which one.

[Al_Dente]

Dr. Al internals and me agreed some what

I hate that zombie yellow vertical line on my chart, i haven't figured out yet how to get rid of it

http://www.youtube.com/watch?v=M5yQ8JJ8R9E

[quatzl]

BullBear,

Just curious, what are you using for generating your charts? Thanks.

[BullBear52x]

I finally got few hundred shares of EDC to borrow lets go bears

BB u mentioned yest that EDC was unavailable for borrowing??
To me that is a potential squeeze signal, do u read anything into that? hard to borrow yest, easy to borrow today??
Just curious, what did the order actually say yest when it was declined??

this thing is hard to say, when they don't have it they just say they don't have shares available to loan out, not remember exact wording they use.

[BullBear52x]

BullBear,

Just curious, what are you using for generating your charts? Thanks.

TOS

[jarbo456]

well, this trend line is the problem for the bears and it's creating an ascending triangle with the pivot above head. bears will have to crack lower trend line to do anything today.

suffice to say that the bears were able to hop the lower trend line. am looking at the 125.55/60 target.

no confidence in bears though.

[uempel]

Update:

[Mr. BachNut]

Still market neutral.
I imagine both bulls and bear are getting impatient for the market to get some go.
Generally, things seem to favor the bulls, but when I look at the advance declines and trin for this rally, the participation seems pretty narrow. That makes me cautious and inclined to hang back and wait for a setup that suits me.

[cougar]

BullBear: short UPRO signal !
Chart later...

[StrikePrice]

That was enough for me. Bears haven't won me over yet...