10/24/2011 Intraday Watering

[agnosia]

"positive outside month" for october indicates a mulit-month rally is in play.

outside reversal month for crude as well if we close above 90.52... yep looks like a bull run into the holidays may be in play..

[Al_Dente]

5min internals update
NYADV confirmed hi (?)
http://stockcharts.com/h-sc/ui?s=$NYADV ... listNum=15
Soft “data”: second neg d on 1m charts (my rsi may be different setting than yrs). I’ve seen it do three neg d’s but rarely more than that

[agnosia]

for /es traders watch the 10ema on the 15min chart. if we get a strong bounce off of that level we're off to the races.

[moneybreath]

99ER...Appreciated all your posts most of the time your very accurate, however I do not understand whne you just mentioned"that should do it" ?
Is SPY on a higher uptrend for now?

[moneybreath]

99ER...Appreciated all your posts most of the time your very accurate, however I do not understand whne you just mentioned"that should do it" ?
Is SPY on a higher uptrend for now?

[BullBear52x]

I see bears are marching in, on the clutches but marching nevertheless

[SB73]

Even the best outside reversals have pullbacks...

[Cobra]

ChiOsc a little high now, may take awhile to function though, so nothing to worry for now.

Hi Cobra. Since market is keeping going up aggressively, I feel like we may not have the expected second leg up if this is just a bear market rally. It may just go back down to your intermediate target of 1000-1100 once the bull climax run is over.

thanks, I can always change my mind as soon as I find enough evidences, for now let's just don't think that this time is different (no 2nd leg up).

[Al_Dente]

TLT squeezing to bear spy
Lower low spy
Here’s your pullback….. too soon to tell if more than just a pullback?

[EvilTrader]

TLT squeezing to bear spy
Lower low spy
Here’s your pullback….. too soon to tell if more than just a pullback?

Pullback first target Spy = 125

RIP Simoncelli

[agnosia]

Even the best outside reversals have pullbacks...

true in normal markets but bear market rallies are relentless .. out to destroy bull and bear alike.

sold half my /es , don't like that we lost the 10ema. rest is stop even + 2 (1242)

[BullBear52x]

TLT squeezing to bear spy
Lower low spy
Here’s your pullback….. too soon to tell if more than just a pullback?

http://www.youtube.com/watch?v=M9BNoNFKCBI you don't like them Korean chicks ha?

[r0wr]

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.

watch at 1255-60 SPX, gonna see profit taking...bears capitulate, bulls take profit...clockwork.

[Dow Trader]

My first chart of the day, Dow weekly ...
I closed 75% of the long positions near this blue line in the chart that been opened last week

[stocksage]

Wouldn't listen to the folks saying not to short at these levels. I was shorting oil heavily above 105 and did quite well when many here were saying it was going much higher. lol. Stick to your method and block out noise.

[Al_Dente]

early scalper lines crossed to sell about 18 minutes ago, lets see if vwap can hold

[agnosia]

Wouldn't listen to the folks saying not to short at these levels. I was shorting oil heavily above 105 and did quite well when many here were saying it was going much higher. lol. Stick to your method and block out noise.

totally agree with you. i like putting my trade ideas and levels out there to be challenged by others and to hear other view points. one should always trade using their system.. we all have different styles/personalities. i just hear some people giving short levels with no stops and just praying. that scares me for them.

[BullBear52x]

Up side, the sky is the limit, today bears only ask for 123 if they can by tomorrow morning.

[cougar]

I see bears are marching in, on the clutches but marching nevertheless

Yes, BullBear, I think bulls are trying…
Here is “7/8 Murrey Math conversion into the top of a new octave“. Although not accepted by the official Gann epigones, I saw it happen quite often and when it happens, it has significant consequences for the market moves.

[agnosia]

went long /cl 90.60 again, broke out of the bull flag.