10/26/2011 Intraday Watering

[StrikePrice]

H&S v2.0

Nice Chart!

[janez]

bears are going to suffer a bit. SPY pretty oversold. I wonder where NYMO is going to be today.

[trader0303]

http://www.bloomberg.com/news/2011-10-2 ... ields.html

couldn't happen to a nicer guy

I grew up in NJ, and went to Rutgers when he was Gov. I totally agree with you

[Grizzly]

71.64 is the 50% retrace on IWM... FWIW.

71.88 is the 61.8 retrace on IWM. 71.82 is the PIVOT.

here is my take on IWM, on my swing trade signal I see nothing change. see RSI on 10min. left chart and no green bar in the middle chart to change my thinking.

Roger that. Thanks!!

[BullBear52x]

SSO here Bear flag still in play.

[SB73]

This flag looks to be running on fumes...I suspect we head back down here. Again bears have to earn money look at these 10 handle retraces. No position currently.

[Al_Dente]

NYADV high on day was 2406, then advancers bailed out to low ~1170, now regained 2026 !
Major reversal down, now attempting major? reversal up? Much depends on flag/action at VWAP
Internals look at mulit day 5min with $NYAD (the net of adv minus dec)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =245360380

[Al_Dente]

SSO here Bear flag still in play.

BB: thanks for Freddy yest
And thanks for “Doctor Al”
I took a screenshot of that one, put it on my refrigerator, as it is unlikely I’ll see that again.

[agnosia]

This flag looks to be running on fumes...I suspect we head back down here. Again bears have to earn money look at these 10 handle retraces. No position currently.

i smell a bear trap

[StrikePrice]

With about 1 exception lately back on 8/22, Filled Green 4HR bars don't look bullish to me for the next day.

[StrikePrice]

bears are going to suffer a bit. SPY pretty oversold. I wonder where NYMO is going to be today.

I would love a rally to 124 so I can reload up on my Shorts.

[Grizzly]

So far 61.8 has stopped the advance D-E-A-D. (Warning - this post could change that- LOL).

[BullBear52x]

SSO here Bear flag still in play.

BB: thanks for Freddy yest
And thanks for “Doctor Al”
I took a screenshot of that one, put it on my refrigerator, as it is unlikely I’ll see that again.

now you know who should DJ the board.

[xfradnex]

Yesterday's euro pump was all shorts covering - sorry, can't find chart right now. Today on spx, since we just broke below yesterday's close, the bears may have a chance for a while, although it will be choppy ride down.

Possible intra-day reversal here for QQQ[/quote]
No Pos D. I can see on Qs. but it does hit the intraday over sold area.[/quote]
Yes... Nothing is clear yet...but reversal is possible here...
QQQ:[/quote]

Cougar great call on QQQ drop. On my charts the bounce after that was easier to see if total volume, RSI 5 was used on a 20 day 10min chart.

[Cobra]

L2 short on EMA20, not sure. let's see.

[BullBear52x]

Bear flag I shown earlier just break down.

[StrikePrice]

New Alternate Count, Bearish as well. We finish up this A Wave down between 1208-1216 and spark a strong B Wave from a Falling Wedge breakout.

I'll probably favor this count if we continue to fall the rest of the afternoon session.

[cougar]

SSO here Bear flag still in play.

The general mood is still bearish. So far, we only had a minor correction, during which the AAA+ high beta stock did not respond to the up-move.

[janez]

Positive Divergence on some of my early shorts. So bears be cautious.

[BullBear52x]

SSO here Bear flag still in play.

The general mood is still bearish. So far, we only had a minor correction, during which the AAA+ high beta stock did not respond to the up-move.

the move up occurred during the Euro boss red carpet moment, now everyone in their chairs got to wait another hour or so for the next wave.