02/23/2012 Intraday Watering

[stevej]

Dax down 80--in down trend; vix also down???

[TWT]

SPX: Despite being corrective this pullback is getting big enough that it could belong to a large orrective wave (4) pullback


(thewavetrading.com)

[jarbo456]

where's our squeeze expert doc al? looks to me that they were able to bid up financials...squeezed GS back from nearly 1% down to positive territory - a bounce off the 200day moving average, but it still looks to be covered by the recent trend line it broke down. keeping my GS short, but not happy with today's reversal so far.

[uempel]

SPX: Despite being corrective this pullback is getting big enough that it could belong to a large orrective wave (4) pullback


(thewavetrading.com)

Yes, but I'm in the small 4 camp.

[jarbo456]

ok...nm...SPY is breaking out like it's christmas again...

[jimme]

New highs here we come. GLTA jimme

[PhilM]

Is there some news?

[bbc]

Is there some news?

Kansas City Federal Reserve SA Composite Index

[uempel]

This chart suggests a top somewhere in the 1370 - 1380 range:

[proteus46]

I posted this chart back on 2-8-2012. SPY may be headed back to $137 for a re-test.
Are there buyers above 137.05...if you know the answer let us know.

[Cobra]

target reached and apparently there's more.

[Carlos]

Are we near a top for today?

[Al_Dente]

PAGE JARBO
Squeezer here
New chart 5 min
NOT mathematical; simple overlay/superimpose
Tdy is one of those increasingly rare days where EVERYTHING interday aligns (bull) at the mom
Grab it while u can
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =258586235

VIX futures are breathtakingly bull spy at mom

[stucap]

Are we near a top for today?

Upper VWAP sits at 1360.50 ES so that could contain this move for today. However, VWAP generally generally works like all resistance --- paper thin when bulltards need food.

[juiceman]

Any thoughts on AAPL double top coming?

[TraderGirl]

Does anyone remember this post...
TraderGirl wrote:
This is what I wrote last night in weekend watering...

There are two turn dates this week, Tuesday and Thursday. I am supposing Tuesday the markets start to turn down because of neg aspects mid-week. Weds and Thurs have the most neg aspects, although Thursday being a turn day, the market could start to turn up at anytime during the day. Friday has positive aspects...

[Carlos]

wow.. push up still going strong.. .

[Al_Dente]

We are on stick #16 of a XIV squeeze
Sixteen (5 min)
Higher number (green stix) would be one for record books???
Messy sqz, but a sqz nonetheless

[edit: this is stick #19, oy]

[Cobra]

ok, so now we know the 3 push down plays out like I said last night. so accordingly this should be at least 2 legged up. I think the previous high will be revisited.

[Petsamo]

I think the previous high will be revisited.

Let's not do it today