10/14/2011 Intraday Watering

[Cobra]

consolidation above support, no good, may breakdown.

[wayne0708]

nice spike on 1min UUP

[Unique]

1min SPY..descending triangle..

( I only trade AAPL, SPY very rarely) Every f-ing friday AAPL goes flat because of options expiration manipulation...I guess I should just take fridays off...

Thanks Cobra for everything, I guess I'm outta here. See you guys on Monday..

[grachu]

breadown to where in the galaxy ?

[agnosia]

if u look at /es there is a trendline from 5am to 7am.. i covered my short at 1207 and went long same price. here comes a bull attack... stop is even

[Al_Dente]

breadown to where in the galaxy ?

[simpletrader]

consolidation above support, no good, may breakdown.

3 push down attemps are done?

[jarbo456]

the bears should be getting the support from the EUR/USD here. it's on the verge of collapsing back into the channel below 1.3840.

[stucap]

if u look at /es there is a trendline from 5am to 7am.. i covered my short at 1207 and went long same price. here comes a bull attack... stop is even

Good luck, seems like there's some support in here. 1207.75 is R1 on hourly and 1206.25 is R1 on 5min so should be plenty of buyers trying for a little long in here....

But, as for me, I'm with cobra, market looks weak, finally, and should close the gap IMO.

[hemlock21]

Cobra
In regards to TBT,

In the bears favor, the TNX (Yields) is rising to a RL and fib of $23.00 which looks rather strong. We are now at $22.19, off a high today of $22.64, a significant retracement. The ETF that tracks this is the TBT, so I will plan to either short TBT when or if TNX hits $23.00 and backs off (or you can buy TLT, the reverse of TBT)

[waverider]

ooh below vwap, but couldn't touch the 34 ma.

[KENA]

FYI..The low for the dome was met and now lower???Keep them going bears.

[agnosia]

Good luck, seems like there's some support in here. 1207.75 is R1 on hourly and 1206.25 is R1 on 5min so should be plenty of buyers trying for a little long in here....

But, as for me, I'm with cobra, market looks weak, finally, and should close the gap IMO.

thanks. nice trap bulls. bought some more .. i think they are gonna squeeze it.

[Cobra]

no breakdown, then it'll try the opposite direction. watch blue line above, breakout would be double bottom.

[stockcycle]

What if today's close > 1211 (Fib 61.8% of today's high)? Any one think that Bulls don't want to book the profit after a long (9-days) rally? Or they don't care the weekend? Or the market's sentiment is very positive? And then what we expect the next Monday?

[stucap]

no breakdown, then it'll try the opposite direction. watch blue line above, breakout would be double bottom.

cobra -- wondering why you thought this was a bear flag and not like a falling (Bullish) wedge?

[Cobra]

double bottom target if confirmed. not yet.

[stucap]

What if today's close > 1211 (Fib 61.8% of today's high)? Any one think that Bulls don't want to book the profit after a long (9-days) rally? Or they don't care the weekend? Or the market's sentiment is very positive? And then what we expect the next Monday?

Why take a profit? Most probably set a stop and let it ride!!! Bulls are far from throwing in the towel IMO. Only a gap fill might mark 1220 as a top.

[Cobra]

no breakdown, then it'll try the opposite direction. watch blue line above, breakout would be double bottom.

cobra -- wondering why you thought this was a bear flag and not like a falling (Bullish) wedge?

you didn't get what I said.

It was a small bear flag in a bigger falling wedge.

the bear flag was broken and the low got tested.

but bears failed.

since it's the 2nd time, so now the price should try the opposite.

you have to switch fast to follow me comments.

[Cobra]

no confirmed breakout, bears still have hope. need pray.