10/06/2011 Intraday Watering

[bushwaffle]

Rising wedge within larger descending triangle holding perfectly....but looking for a breakdown anytime!

[BullBear52x]

I see green light on TZA, see lower MACD, buyable bottom above 200 ma 1min. good luck bears I'll join you soon on this bad boy.

[Cobra]

breakout of bull flag. let's see how the morning high gets retested, key time, need a decisive breakout, otherwise the real pullback would begin.

What is the reason that real pullback would begin?

just a little bit large pullback, and it'll be bought.

as for reason, what is the reason we up huge here? all the problem solved?

I find it's impossible to reason with the market.

[Al_Dente]

well squeeze alert will depend on how spy handles this hi
just weird assortment of leaders: banks, silver, oil (oih, bno) builders, materials
Okay, commodities and banks, can they carry rally alone? anyone?

[ddd]

Volume breadth pushed over 9:1 second time. Will it hold to a MAD?

[Cobra]

here comes the test. bulls need a decisive breakout.

[Cobra]

breakout and hopefully the breakout holds. so far bulls are strong.

[BullBear52x]

uempel, fundamentally speaking, apple is the best company in the world. Next earnings, and christmas earnings...

Not sure if you were sarcastic..or for real...I respectfully disagree with you. It's still a long term bull run. In terms of TA and fundamentals.

great company can only be so great, share price can only be so high, us trader so long our account number is better than yesterday's number and next withdraw to take her out for good gift will not be lower than the month before. That's GOAL!

[heavenskrow]

i wonder how many bulls here got killed today

[uempel]

uempel, fundamentally speaking, apple is the best company in the world. Next earnings, and christmas earnings...

Not sure if you were sarcastic..or for real...I respectfully disagree with you. It's still a long term bull run. In terms of TA and fundamentals.

Problem is, that many aapl products will be commodities in a few years.. I guess an ipad will cost 30 $ in two or three years... But I don't want to talk fundamentals, the chart says everything. I'll post it later on...

[BullBear52x]

uempel, fundamentally speaking, apple is the best company in the world. Next earnings, and christmas earnings...

Not sure if you were sarcastic..or for real...I respectfully disagree with you. It's still a long term bull run. In terms of TA and fundamentals.

Problem is, that many aapl products will be commodities in a few years.. I guess an ipad will cost 30 $ in two or three years... But I don't want to talk fundamentals, the chart says everything. I'll post it later on...

AAPL chart is bearish short term

[Roadrunner]

only 1 more hour till the rumour hits the headlines ....

[Cobra]

volume surge, I think we'll see a pullback of some kind here. then we'll see.

[laoguo]

Jobs is gone; What's left is jobless.

[Mr. BachNut]

Last time the VIX was at these levels, the S&P was at 1185. I just can't tell if this is a positive or negative divergence...

[Unique]

Chart doesn''t tell you the long term picture. Earnings does. If earnings shit, then it gets sold. What's your "in a few years" term? People said it about AAPL in 07, 08, 09, 2010.

Peak of 2008, 200 bucks per share, low of 2009 78 bucks. Peak of 2010 364.9. Current peak 422.86

Charts only tell you short term. Earnings paint the big picture.

In other words, did charts tell you AAPL will become the #1 company by market cap in 97? No.

Enough of my rant.

[99er]

SPX
Bullish Butterfly.
http://99ercharts.blogspot.com/2011/10/spx_6054.html

Wait until this beauty soars.

[BullBear52x]

Jobs is gone; What's left is jobless.

first time Steve Jobs left AAPL almost gone BK
This time he ain't coming back.

is that fundamental enough?

[grachu]

cobra for learning purposes when you say volume surge. for example in the last bar it was smaller than the previous .. where do you see the surge ?

[EvilTrader]

Chart doesn''t tell you the long term picture. Earnings does. If earnings shit, then it gets sold. What's your "in a few years" term? People said it about AAPL in 07, 08, 09, 2010.

Peak of 2008, 200 bucks per share, low of 2009 78 bucks. Peak of 2010 364.9. Current peak 422.86

Charts only tell you short term. Earnings paint the big picture.

In other words, did charts tell you AAPL will become the #1 company by market cap in 97? No.

Enough of my rant.

There´s definitely a reality out there. Companies, earnings, Jobs, Governments.

Except the market trades everything "based on a true story "