12/13/2011 Intraday Watering

[SB73]

the chart looks like want to go up because it's an ascending triangle I see. I just don't understand why the other assets are so bearish.

This is the chart I was referring to...I just can't seem to be able to post pictures.

[BullBear52x]

I am 80% bears will take the day, this is not the first time I am wrong, so........lets hit the music!

[superxy]

Cobra,

Do you think SPX will revisit lows again?

[SB73]

the chart looks like want to go up because it's an ascending triangle I see. I just don't understand why the other assets are so bearish.

This is the chart I was referring to...I just can't seem to be able to post pictures.

I should probably bet against the ascending triangle since no other patterns have worked today

[minthan]

hi guys, does that look like a cup&handle broke out on the dollar for the daily chart? if it is, we are looking at dollar blasting off to $85 very soon. right now dollar is at short term resistance on hourly chart.

[wayne0708]

Cobra:
UUP and equities going up same time and VIX perforates 200MA decisively. So what is your take?

[BullBear52x]

hi guys, does that look like a cup&handle broke out on the dollar for the daily chart? if it is, we are looking at dollar blasting off to $85 very soon. right now dollar is at short term resistance on hourly chart.

UUP breaks out, watch RSI to not drop back under 50 line here. I am Dollar bullish.

[minthan]

hi guys, does that look like a cup&handle broke out on the dollar for the daily chart? if it is, we are looking at dollar blasting off to $85 very soon. right now dollar is at short term resistance on hourly chart.

UUP breaks out, watch RSI to not drop back under 50 line here. I am Dollar bullish.

thank you

[jarbo456]

a few general market mid-day overviews:

TLT, /ZB at or above yesterday's highs - bearish
EUR/USD - near lows of the year - bearish
AUD/JPY - top of Monday's (lower) range - way off of it's overnight highs - neutral/bearish
/CL - top of yesterday's range - neutral/bullish
/GC - off it's overnight lows, but below yesterday's range - bearish
VIX - below 200SMA - bullish/CONFUSING
IWM - at yesterday's close - fully closed gap, and looking like a bearish triangle - bearish
QQQ - similar to IWM - bearish
/ES - near the middle of the larger 1220-1245 range - at the day's open price (cash open) - neutral
SPX - above day's open - potential ascending triangle - bullish/neutral
SPY - no idea...

[waverider]

I am 80% bears will take the day, this is not the first time I am wrong, so........lets hit the music!

Is that a guess or you have statistics? Still looks neutral so far

[newbie_77]

looks like market does not want to go down.. its just hanging around. i think it looking for some "incentive" like 3pm news.. to either go up or down

today is gonna be one of those days.......

[99er]

Food For Thought

Have a Futures Account on the CME? Sleep well.
Your money is in the hands of those who know nothing.

http://jessescrossroadscafe.blogspot.co ... in_13.html

[BullBear52x]

I am 80% bears will take the day, this is not the first time I am wrong, so........lets hit the music!

Is that a guess or you have statistics? Still looks neutral so far

based on chart patterns and internals (TICK/VIX/TNX) my usual screen.

[waverider]

Food For Thought

Have a Futures Account on the CME? Sleep well.
Your money is in the hands of those who know nothing.

http://jessescrossroadscafe.blogspot.co ... in_13.html

That guys charts are interesting, quite artistic.

[jarbo456]

anyone recognize which chart program this guy is using? http://chart.ly/users/gtotoy#

thanks.

this is just chop i guess before the announcement in 30 minutes.

[uempel]

Update:

[waverider]

based on chart patterns and internals (TICK/VIX/TNX) my usual screen.[/quote]

Do you have charts on stockcharts for $bpspx, etc? I have renkos for you to yank if your interested.

[waverider]

Update:

gg.png

Which also happens to be at the time of the FOMC report, haha.

[BullBear52x]

based on chart patterns and internals (TICK/VIX/TNX) my usual screen.

Do you have charts on stockcharts for $bpspx, etc? I have renkos for you to yank if your interested.[/quote]
I have stockchart.com shoot me the input.

[Cobra]

still looks like an Ascending Triangle therefore the bias is up.