10/20/2011 Intraday Watering

[stucap]

Jesus that was insane open move....

something going on with the euro.......

[Cobra]

the open. as long as no huge gap up, the chart pattern still looks like a 2 legged pullback, the 1st leg down may have completed, we shall have the 2nd leg, well, NORMALLY.

[agnosia]

this market is getting plain old silly now....

[jarbo456]

Jesus that was insane open move....

something going on with the euro.......

no technical damage to my euro/usd chart though. crazy push to one of my levels, but closed under it. so still short pressure there.

[99er]

So honey...what's for lunch?
SPX http://99ercharts.blogspot.com/2011/10/spx_20.html

Blood sausage?

[CMT]

Bought UGL 86.55, stop 85.46

[EvilTrader]

yesterday´s P-bar prophecy will be fullfilled.

[Unique]

They need my wishing. (worked the whole week so far)

120 today please. Yum yum..

[stucap]

Jesus that was insane open move....

something going on with the euro.......

no technical damage to my euro/usd chart though. crazy push to one of my levels, but closed under it. so still short pressure there.

thanks for the note jarbo.......anyone have a good gauge on support today? 5 min vwap is looming around 1202......doesn't look like this wants to go down fast!

and with that, BOING!

[99er]

SPX
http://99ercharts.blogspot.com/2011/10/spx_7758.html

Any European wiener will do.

[DRL]

GM,
a look at financial, I use XLF as a talking point. see number noted on chart.
1. MA195/200 broke.
2. Sell signal triggered.
3. Sell confirmed.....well turned out to be a bear trap.
4. Retest broken trend line and double top at the same time.

My read, XLF is in short term consolidation phase, to be or not to be I will pay attention to break out or break down 12.97/12.26 zone. why this importance? I believe the move in financial will lead the tells of the future of SPX or the market in near future. What say you?

Agree 100% I use moving averages for trading and bought FAZ at 48.88 when XLF was at 12.80. STOP now at 49.90, and will adjust the stop to keep it just below the 102 period MA.
Will add to shorts when XLF falls below 12.26 as per your chart

[DRL]

GM,
a look at financial, I use XLF as a talking point. see number noted on chart.
1. MA195/200 broke.
2. Sell signal triggered.
3. Sell confirmed.....well turned out to be a bear trap.
4. Retest broken trend line and double top at the same time.

My read, XLF is in short term consolidation phase, to be or not to be I will pay attention to break out or break down 12.97/12.26 zone. why this importance? I believe the move in financial will lead the tells of the future of SPX or the market in near future. What say you?

Agree 100% I use moving averages for trading and bought FAZ at 48.88 when XLF was at 12.80. STOP now at 49.90, and will adjust the stop to keep it just below the 102 period MA.
Will add to shorts when XLF falls below 12.26 as per your chart

[Al_Dente]

Internals on open
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

“My God, Bobby Fischer plays so simply” [Alexei Suetin, Chess Grandmaster]

[stucap]

I spy trendline support --- hopefully won't hold long but strong enough for some crazy bounces.

[GreedyKojiro]

this market is getting plain old silly now....

Battle right at the open... it should be interesting...

[99er]

Brats?
RUT http://99ercharts.blogspot.com/2011/10/rut_20.html

And beer.

[tdo722]

61.8% retracement is so deadly. if spy cannot pass $120.84 we can forget about this whole rally to the south.

[KENA]

Don't run to fast bears..We have to break 1205 to be bearish and then we have 1190 res.I see BB52x Has 1297 on the XLF.I have 1260 to be bearish.We are close anyway. Lets see.

[jarbo456]

I spy trendline support --- hopefully won't hold long but strong enough for some crazy bounces.

it was the battleground at the close yesterday as well. seems to be a continuation from yesterday. need to decisively break yesterday's low or else there's a double bottom potential...-_-

[silicon_beaver]

finance is weak. SPY beats FAS so far.