02/15/2012 Intraday Watering

[soku]

no no. u guys read the numbers wrong. it goes up. do u hear me? it goes up. no no. u don't understand. it goes up.
here comes barron's. where dow will be 2 yrs from now? 15K or 17K

rumor says qqq rebalancing. this is the reason for aapl to drop? oops i mean take a break. it only goes up.

[KeiZai]

Cobra please have this something with hindenburg omen?

http://stockcharts.com/h-sc/ui?s=$NYA&p ... =206583906

yes. but we can forget about omen now because too many ETFs in NYA, so unless you have stock only version NYA, otherwise forget about the omen.

OK thanks!

[BullBear52x]

Everything was sold off, utilities, staples, materials, energy, copper, oil, financials and even gold and silver

UTIL and TRAN had been weak while everything else seems to march on, DBV still strong, I don't see much to the down side or trend change to take effect until the weakness in DBV is cleared.

[Cobra]

maintain the call that we'll see consolidation here at least. lunch time, will be back.

[Al_Dente]

out early
2 much red for me
no fresh highs
testing breakout
shes wus

[KeiZai]

aapl is bleeding for first time since ER thats definitely a warning sign for bulls

[jarbo456]

aapl looks like it's getting ready to launch to 515.

[TWT]

EUR: Short Term

If it is now unfolding an ED, it will be followed by "large" rebound
then we could have another eod rally of SPX

(thewavetrading.com)

[PRI]

aapl looks like it's getting ready to launch to 515.

Yeah, up 10 now in 15 minutes. This is a perfect example of what I was referring to earlier.
Grab the profit. Re-enter the same trade again when you think it is going to turn south.
Good Luck!

[rhight]

It would appear that trendlines are something the machines have a great interest in these days. No stops and they stop the mkt. Stops in place and they run them.

I've been noticing that the entire time I've been doing TA (3 years). SPX trades in an extremely precise manner with regards to TL's. As of the moment it appears as if dip buyers are being taken to the woodshed. Still the uptrend since the 12/19 low is hanging on by the short hairs.

[jarbo456]

It would appear that trendlines are something the machines have a great interest in these days. No stops and they stop the mkt. Stops in place and they run them.

I've been noticing that the entire time I've been doing TA (3 years). SPX trades in an extremely precise manner with regards to TL's. As of the moment it appears as if dip buyers are being taken to the woodshed. Still the uptrend since the 12/19 low is hanging on by the short hairs.

agreed...but "fearfully" i say this is looking very similar to yesterday with the SPY sitting on the TL and the clock ticking towards the 3pm ramp job...

if appl can continue down, and stay negative for the day, then i don't see SPY ramping into the close. however, if apple just found its intraday support at the 5 minute 200MA (505.50'ish)...a retest of that support and then a spring up from there for a 1% green finish would be a replica of yesterday.

[stucap]

It would appear that trendlines are something the machines have a great interest in these days. No stops and they stop the mkt. Stops in place and they run them.

I've been noticing that the entire time I've been doing TA (3 years). SPX trades in an extremely precise manner with regards to TL's. As of the moment it appears as if dip buyers are being taken to the woodshed. Still the uptrend since the 12/19 low is hanging on by the short hairs.

Here's where I see the support......Bears need to break or we'll be levitating again soon.

[Cobra]

OK, i'm back. consolidation like I said. I see bear flag here so should be one more leg down later.

[Al_Dente]

1min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[rhight]

It would appear that trendlines are something the machines have a great interest in these days. No stops and they stop the mkt. Stops in place and they run them.

I've been noticing that the entire time I've been doing TA (3 years). SPX trades in an extremely precise manner with regards to TL's. As of the moment it appears as if dip buyers are being taken to the woodshed. Still the uptrend since the 12/19 low is hanging on by the short hairs.

Here's where I see the support......Bears need to break or we'll be levitating again soon.

Sometimes the 5th cross of the 60 min. 20MA after the initial shot across the bow (the opening drop on 2/10) is all she wrote when tops are dragging on (both up and down). This would be cross 5 by my count. (this is a very informal metric).

[PRI]

And now would probably be a good time to re-enter the trade...

[KeiZai]

aapl

[stevej]

Cobra, do you have a target??

[soku]

obama on manufacturing

http://video.msnbc.msn.com/msnbc.com/46397987#46397987

[TWT]

AAPL: In the chart below some thoughts regarding a potential EWP

(thewavetrading.com)