04/13/2011 Intraday Watering

[bbc]

Anyone has any research (intraday) around Fed's Beige Book? Have it 2pm today

[FJoe]

Using Tradestation consecutive downs indicator...here is what the S&P mini's have done dating back to 1998.

Each are separate instances. The number of Down days in a row shows:

4 - 75 times
5 - 27 times
6 - 5 times
7 - 1 time
8 - 1 time
9 - 0 times

Since the 2009 rally started we have had 11 instances where the market was down 4 days in a row, and 3 instances where it was down 5 days in a row.

[bbc]

Using Tradestation consecutive downs indicator...here is what the S&P mini's have done dating back to 1998.

Each are separate instances. The number of Down days in a row shows:

4 - 75 times
5 - 27 times
6 - 5 times
7 - 1 time
8 - 1 time
9 - 0 times

Since the 2009 rally started we have had 11 instances where the market was down 4 days in a row, and 3 instances where it was down 5 days in a row.

3 out of 11 for 5th down? Good to know

[Cobra]

another critical time, hold on the back test, then the low was in, let's wait and see. I'll be back from lunch.

[Mr. BachNut]

The VIX seems really subdued for the decline we have been having.
I suspect options expiration and perhaps the long treasury auctions are a factor.
Look for a change in character one way or another as this stuff clears.

[Mr. T]

Obama about to run his mouth on the debt "reduction" plan.

See what happens after that.

[StrikePrice]

Using Tradestation consecutive downs indicator...here is what the S&P mini's have done dating back to 1998.

Each are separate instances. The number of Down days in a row shows:

4 - 75 times
5 - 27 times
6 - 5 times
7 - 1 time
8 - 1 time
9 - 0 times

Since the 2009 rally started we have had 11 instances where the market was down 4 days in a row, and 3 instances where it was down 5 days in a row.

Those numbers are merely just black or white.

Can you produce the average % gain on 6th day after 5 straight down days?

[Cobra]

so far goes as planned. I don't see urgent to sell here, so bulls still have hopes, lots of.

[Cobra]

bigger picture, the fighting around here is important, DECISIVELY breakdown would be a typical measured move, the target could go as far as illustrated in the chart. so bulls, keep finger crossed and pray please: May the force be with you!

[BullBear52x]

Watch pink dotted line.

[jamesmith]

bigger picture, the fighting around here is important, DECISIVELY breakdown would be a typical measured move, the target could go as far as illustrated in the chart. so bulls, keep finger crossed and pray please: May the force be with you! :twisted:

"The Force will be with you. Always." :mrgreen:

[Cobra]

triangle would be bad news for bulls. still fighting, bulls close your eyes, feel the force around you.

[BullBear52x]

/ES is ugly also.

[AK84]

GS Wekly timeframe Cup and Handle pattern?????

[bbc]

GS Wekly timeframe Cup and Handle pattern?????

Interesting, what does that imply?

[Cobra]

i still think bulls have chances.

[Cobra]

yes, double bottom breakout, target as illustrated below. may the force be with bulls.

[jamesmith]

yes, double bottom breakout, target as illustrated below. may the force be with bulls. :roll:

bulls add oil!!!

[Cobra]

yes, double bottom breakout, target as illustrated below. may the force be with bulls.

bulls add oil!!!

9.gif (120.67 KiB) Viewed 6691 times

[AK84]

GS Wekly timeframe Cup and Handle pattern?????

Interesting, what does that imply?

Implies that GS could popppppppppp to the upside! MA 50 and MA 200 v close to each other providing huge support.

Need to wait and see till earnings but given JPM's earnings I think there is a good chance we will see GS kick some Ass!

http://stockcharts.com/help/doku.php?id ... andle_cont