01/26/2012 Intraday Watering

[Cobra]

hmm, looks like I was too optimistic about bears. bears still need to pray here. a little resistances though.

[TraderGirl]

Hey, TWT, what do you think of the count on this move today???

[Cobra]

volume surge, may see rebound here. bears need pray. bears need one single day that the morning dip is not being bought. just one single day.

Some thing tells me there will be a ramp job to shake the bears out one more time before the market heading lower. within TWO hours, I can tell the market makers are mad as hell right now no volume for them to sell to balance

Do you really believe that some big guys tried to manipulate the market up to this point and now sell.

I don't believe anyone can manipulate the market.

[BullBear52x]

volume surge, may see rebound here. bears need pray. bears need one single day that the morning dip is not being bought. just one single day.

Some thing tells me there will be a ramp job to shake the bears out one more time before the market heading lower. within TWO hours, I can tell the market makers are mad as hell right now no volume for them to sell to balance

Do you really believe that some big guys tried to manipulate the market up to this point and now sell.

I don't believe anyone can manipulate the market.

yes, me too, it's all about economy.

[Cobra]

Cobra
I also use this P/C chart, among others
I don’t think it’s yours, forget where I got it, might be one of those rare charts that I actually made up myself
The shaded yellow area is the sleeper zone
When a dot falls above/below the sleeper zone it becomes “pay attention” time
Even then P/C is so fickle as it rarely hits any move spot-on, sometimes dot is good for one day only, sometimes more dot signals for a few days….etc etc
Today I’m still in sleeper zone, but we won't know 4 sure until after close (pink circles show no dots outside zzzz zone)
http://stockcharts.com/h-sc/ui?s=$ONE:$ ... =237195458

PS hi efa

got you, thanks.

[Al_Dente]

SLV.png

Can SLV jump over falling resistance, the 50% retracement, and this time cycle?

yes
well, she needs a breather, but I just can’t see much resistance until ~34.50 ?
http://screencast.com/t/Adyeer7fjB4

[Travelfrog]

What has happened to all those nice phantom bars we used to get?

[Unique]

volume surge, may see rebound here. bears need pray. bears need one single day that the morning dip is not being bought. just one single day.

Some thing tells me there will be a ramp job to shake the bears out one more time before the market heading lower. within TWO hours, I can tell the market makers are mad as hell right now no volume for them to sell to balance

Do you really believe that some big guys tried to manipulate the market up to this point and now sell.

I don't believe anyone can manipulate the market.

The fed has been manipulating the market before we were born.

[gabor]

volume surge, may see rebound here. bears need pray. bears need one single day that the morning dip is not being bought. just one single day.

Some thing tells me there will be a ramp job to shake the bears out one more time before the market heading lower. within TWO hours, I can tell the market makers are mad as hell right now no volume for them to sell to balance

Do you really believe that some big guys tried to manipulate the market up to this point and now sell.

I don't believe anyone can manipulate the market.

I agree, the market can not be efficiently manipulated. Although, many people tried in the past and probably trying it recently and will try in the future.

[Cobra]

bears need show some strength ASAP otherwise the game is over again.

[waverider]

SLV.png

Can SLV jump over falling resistance, the 50% retracement, and this time cycle?

Hi WR
nice chart - why did you choose 1st week July as the start of the time cycle?

Thanks. Well, as you can see, the previous four occasions were all cycle highs, so this is a very important location for SLV.

[fehro]

watch 1320ish, green trendline, for a possible break = sharp move

[waverider]

SLV.png

Can SLV jump over falling resistance, the 50% retracement, and this time cycle?

yes
well, she needs a breather, but I just can’t see much resistance until ~34.50 ?
http://screencast.com/t/Adyeer7fjB4

I'm not saying this is a high (could be), just an interesting location. It probably continues up because of political intervention.

[BullBear52x]

Well, lets hope that yesterday was an exhaustion bar with good volume, sell the open the next following day should not be a bad idea.

[Petsamo]

I went long KBE @ 21.36, currently at 21.20. The dang thing is refusing to rise!

[fehro]

way too early, and highly speculative.... would take at least to the end of next week ... if we chop around sideways...
(added another smaller H&S.. if we stall near 1327ish)

[gabor]

Today the trendline was very accurately touched.

[BullBear52x]

I am back in short, intraday see the XLF is giving now.

[gabor]

hmm, looks like I was too optimistic about bears. bears still need to pray here. a little resistances though.

This dip buy is not as strong as it was before.

[TraderGirl]

I went long KBE @ 21.36, currently at 21.20. The dang thing is refusing to rise!

The indicators on this are getting lower highs and lower lows...

Is this a day trade? Not going to tell you what to do, but if I were looking at it, I would not be long yet...