05/10/2011 Intraday Watering

[maldini]

here comes the bear trap...

I think today will stop at around 1351.
Bear trap or bull trap? The answer is tomorrow.

[agnosia]

here comes the bear trap...

I think today will stop at around 1351.
Bear trap or bull trap? The answer is tomorrow.

yes i think you are right... there is no news today so it will probably be a range day. or will it ?

[uempel]

Still waiting for 1355...

[soku]

here comes the bear trap...

I think today will stop at around 1351.
Bear trap or bull trap? The answer is tomorrow.

yes i think you are right... there is no news today so it will probably be a range day. or will it ?

well do u count the china news? overnight rally was due to the chinese data.

[BullBear52x]

a new intraday high and so the Bears got their RSI negative divergence.

[agnosia]

yes i think you are right... there is no news today so it will probably be a range day. or will it ?

well do u count the china news? overnight rally was due to the chinese data.

i mean no news for today's ny session. tonight we have major china news ( inflation data ) and i plan on trading it later. the whisper numbers are saying inflation is still hot which means more tightening and bad for markets. we shall see...

[BullBear52x]

This is where I pulled a trigger, if the market can move another .5% up I'll be ooopZ!

[orion.colorado]

Oh, my god, how many people here don't know that the intraday comment is just a minor addition to my daily report?

By the way, if possible when you shop at Amazon, please use my link on my blog, thanks.

Will do Cobra; I'll ask my wife to as well, thanks for this board.

[gabor]

Silence

[99er]

SPX
Channel confirmation.
http://99ercharts.blogspot.com/2011/05/spx_10.html

[Dow Trader]

market will go to yesturday's open (it is a must target)
almost the lowest daily volume this year = go to the open soon
I am short and that is my target

[noidea]

SPX
Channel confirmation.
http://99ercharts.blogspot.com/2011/05/spx_10.html

.. god bless you, 99er...

i have the same chart, but can't post it.....

let's see what happens

[Cobra]

critical time, testing the previous high. a little consolidation here instead of either breakout or pullback is good for bulls.

[uempel]

Posted this chart this morning on Cobra's blog. I guessed wrongly guessed the crossing of the candle Fib Fan on the daily (52.50 instead of 54.95), but so far the Fib Fan has held:

[99er]

noidea: "i have the same chart, but can't post it....."

One way to post charts is to (1) get a screen capture; (2) store it somewhere; and (3) post it. There are probably many ways to do this but I use Jing for the capture [jingproject.com] and a blog [blogger.com] to store it. Posting takes two clicks.

Please try to post...the more charts the merrier.

[noidea]

noidea: "i have the same chart, but can't post it....."

One way to post charts is to (1) get a screen capture; (2) store it somewhere; and (3) post it. There are probably many ways to do this but I use Jing for the capture [jingproject.com] and a blog [blogger.com] to store it. Posting takes two clicks.

Please try to post...the more charts the merrier.

... thanks... i will try. the problem is i do have problems with my crap italian broker...

you, italy is ok for pizza, sunshine and women, but quite disappointing for brokers

[JTrader]

Poor first hour gap fill... favors a trend day up with a close near the high of day. Let's see if I'm right (for a change). I'm gonna shoot for SPY 136.

[FJoe]

The upside target is, and has been, 1366 (at least). Until it's hit the bears are wasting their time.

I agree Cletus, my reasoning is that we have tested the closing from last Thursday 2 times and it held...so this looks bullish...plus the closing high on 4/29 was never retested after the first down day...and that happens quite frequently.

What is your reasoning.

[Cobra]

i think we'll see breakout soon.

[uempel]

noidea: "i have the same chart, but can't post it....."

One way to post charts is to (1) get a screen capture; (2) store it somewhere; and (3) post it. There are probably many ways to do this but I use Jing for the capture [jingproject.com] and a blog [blogger.com] to store it. Posting takes two clicks.

Please try to post...the more charts the merrier.

... thanks... i will try. the problem is i do have problems with my crap italian broker...

you, italy is ok for pizza, sunshine and women, but quite disappointing for brokers

You forgot operas and cars