07/01/2011 Intraday Watering

[Petsamo]

Bad tick on SPY.

You see, if something unexpected in greece/europe happens over the weekend, a crash is a real possibility.

Petsamo, from what trading platform did you get this bad tick? I do not see it in my chart.

I got it from Marketwatch.com
here
The bad tick is not present on my platform ScottradeELITE. I sometimes act on these bad ticks. They sometimes mark the top or bottom. They don't necessarily point in the direction of where the market is going.

[Cobra]

this sure looks like a firework which of course is quite normal on me Mars' stock market, don't know you stupid Earth people can do this either.

[alphahorn]

SPX just putting in its neckline around 1345 for its inverse head and shoulders that will take it to 1460 over the coming months, pullback to about 1313 coming next week, last time to jump on board! Remember it was July 20, that we landed on the moon!

You are in for a shock. The manipulators are taking this down.

i've been doing my favorite kind of trading moving stops up and locking in profits, if it turns I'll turn, but I'm not going to bet that it will, that has been a losing bet all week!

[richer]

What is a day! 5 min EMA 20 is not touched yet.

[WhyNot]

VIX is stable... could mean something?

[HK88]

Just curious to know if there is any stat that can tell us when SPX closes more than 1% above its upper BB, which appears to be the case as of now..

[Cobra]

VIX is stable... could mean something?

yes, i've noticed that.

[99er]

30-Year
At some point, the Primary Dealers are going to have to change course.
http://99ercharts.blogspot.com/2011/07/30y.html

[nasa1100]

Guys, do you remeber SPX 1333, that's the twice the low of March 2009, Is this a good-bye visit to 1333, or is the target higher up...

I think we'll see a new high: weekly 3 push up, then the real pullback begins. almost exactly as year 2007.

Cobra: Are you talking about the weeks of March 19 of 2007 push to July 9 of 2007?

just looked at the SPX weekly, looks like not 3 push up anymore. This market would go like this, to galaxy far far away, and I retire on the beach...

134.46 the phamton bar target?

[Cobra]

Just curious to know if there is any stat that can tell us when SPX closes more than 1% above its upper BB, which appears to be the case as of now..

not good in the following days, I did this last night. but not an immediate drop of course, may consolidation for a few days before pulling back and there're always some exceptions of course.

[uempel]

A second look at this long term dotted black channel and a close up. Unless area around 1340 gets pierced on a closing basis, I have a bearish bias.

The attachment 7.png is no longer available

The attachment 9.png is no longer available

Umpel, try drawing that dashed line by unchecking the log scale option...

HK88, here a non-log with a small black channel, and look at the PPO, both could be considered bearish. But the strength of the market surprises me. My earlier idea of going short at the close - I doubt it makes sense.

[lilitulip]

Hi Cobra,

it is so streched from 5 dma, even Mar and April run don't seem like this.

[Mr. T]

There's an hour left = that has to be good for another 100+ points on the DOW (round-about)

Insane.

[progruss]

Just curious to know if there is any stat that can tell us when SPX closes more than 1% above its upper BB, which appears to be the case as of now..

not good in the following days, I did this last night. but not an immediate drop of course, may consolidation for a few days before pulling back and there're always some exceptions of course.

Hi Cobra - do you mind sharing the name of this software? I'm curious.

[Mr. T]

How is the VIX going up????
People buying puts had over fist?

[HK88]

A second look at this long term dotted black channel and a close up. Unless area around 1340 gets pierced on a closing basis, I have a bearish bias.

7.png

9.png

Umpel, try drawing that dashed line by unchecking the log scale option...

HK88, here a non-log with a small black channel, and look at the PPO, both could be considered bearish. But the strength of the market surprises me. My earlier idea of going short at the close - I doubt it makes sense.

SPX10.png

What I meant was that Stockcharts is tricky, it defaults to log scale, I have tried to draw the line that connects March 2009 bottom and Sep 2010 bottom as well before so just wanted to point it out..

[Cobra]

ChiOsc is way too high now.

[Cobra]

Just curious to know if there is any stat that can tell us when SPX closes more than 1% above its upper BB, which appears to be the case as of now..

not good in the following days, I did this last night. but not an immediate drop of course, may consolidation for a few days before pulling back and there're always some exceptions of course.

Hi Cobra - do you mind sharing the name of this software? I'm curious.

StockFinder

[EvilTrader]

what a short-squeeze !!!!!!!

[Cobra]

the 3rd touch with overshot, let's see if any weakness this time.