01/04/2012 Intraday Watering

[tdo722]

I hate myself for sleeping too much this morning. I barely woke up. It sucks being on the West Coast.

[Rezito]

It feels like the market will have an up move until Friday and then sell off on the payroll numbers.

[Cobra]

the feeling is still missing a revisit to the low, so this is a least 2 legged up anyway.

[waverider]

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

Al saw the micro-wedge and three push down so he decided to get his 1 min out for some scalping.

[uempel]

sold RETL for 0.5% gain

Hope you had a $$$$$$$$ position...

I'm not sure what you mean. Of course it was a real trade. I posted my entry point earlier.

I'm not doubting anything - it's nice to have 0.5% if the position is biggish... I often go in and out with 0.5%. Talking minis: 0.5% is about 6 handles and soon it will be 7

[uempel]

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

Al saw the micro-wedge and three push down so he decided to get his 1 min out for some scalping.

Thanks for the information Al. Problem is that I'm so busy with other signals that I don't check volume frequently. I tend to have too much information and then I focus on my favorites... I'll rethink.

[SB73]

Today looks to be very range bound. The last 11 years would argue for a very small red day today followed by a small gap down tomorrow (9 out of the last 11). Historically tomorrow should be reasonably range bound as well.

[gabor]

Cobra, did you see euro recently? I suspect an ABC trend reversal, broken trendline, revisit the bottom at higher low, of course, the red bar to be reversed completely ...

[Cobra]

Cobra, did you see euro recently? I suspect an ABC trend reversal, broken trendline, revisit the bottom at higher low, of course, the red bar to be reversed completely ...

the daily chart is clearly in downtrend.

[waverider]

Today looks to be very range bound. The last 11 years would argue for a very small red day today followed by a small gap down tomorrow (9 out of the last 11). Historically tomorrow should be reasonably range bound as well.

That sounds reasonable based on current PA. Measured move up to 127.68... also a trendline up there.

[gabor]

Cobra, did you see euro recently? I suspect an ABC trend reversal, broken trendline, revisit the bottom at higher low, of course, the red bar to be reversed completely ...

the daily chart is clearly in downtrend.

hourly looks as I described

[Cobra]

C&H, may have another push up.

[99er]

Update

AUDJPY http://99ercharts.blogspot.com/2012/01/audjpy_04.html

[SB73]

Today looks to be very range bound. The last 11 years would argue for a very small red day today followed by a small gap down tomorrow (9 out of the last 11). Historically tomorrow should be reasonably range bound as well.

That sounds reasonable based on current PA. Measured move up to 127.68... also a trendline up there.

If we break SPY 128 then I think we could close very strong.

[SB73]

Additionally, if we break today's lows the selloff could accelerate. Has anybody noticed small caps today are very weak and also were the weakest intraday yesterday.

[Cobra]

Additionally, if we break today's lows the selloff could accelerate. Has anybody noticed small caps today are very weak and also were the weakest intraday yesterday.

small caps weak was expected after new year. it's seasonality.

[99er]

Update

EURUSD http://99ercharts.blogspot.com/2012/01/eurusd_2148.html

[SB73]

Additionally, if we break today's lows the selloff could accelerate. Has anybody noticed small caps today are very weak and also were the weakest intraday yesterday.

small caps weak was expected after new year. it's seasonality.

I saw your comments regarding that on one of the nightly reports...how long does the seasonality last?

[Me XMan]

You love those butterflies don't you

Update

EURUSD http://99ercharts.blogspot.com/2012/01/eurusd_2148.html

[99er]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_5624.html

Lunch is served.