04/21/2011 Intraday Watering

[maldini]

This chart gave a buy signal this morning, backtests show that the buy signals (approx 80%) are more reliable than the sell signals (approx 60%). But note that the reliability of the three indicators has deteriorated lately:

Signal.png

THANKS

I can can give you a link so you can update yourself - but the chart is hourly and the link will only work if you are a subscriber to stockcharts...

I am. Thanks a lot in advance, uempel!

[Cobra]

2 legged pullback to support, and this is the 2nd chance if you missed H2, kind of H3, so chances are high that we'll keep rebound here. on the other hand, if this bounce is failed right here, then the gap will be filled today because it's a failed H2 and will send bulls running for cover. let's see.

[99er]

SPX
Looking lonely up here.
http://99ercharts.blogspot.com/2011/04/spx_21.html
Like being alone on an Island?

[maldini]

2 legged pullback to support, and this is the 2nd chance if you missed H2, kind of H3, so chances are high that we'll keep rebound here. on the other hand, if this bounce is failed right here, then the gap will be filled today because it's a failed H2 and will send bulls running for cover. let's see.

currently a bear trap bar

[PLUNGE]

$NDX in a classic exhaustion gap this morning:
http://stockcharts.com/c-sc/sc?s=$NDX&p ... 3068&r=763

[BullBear52x]

Simple mind, it will eventually come back to 5dma, with the distance gap like we have now sell until 5dma meet and then looking for support and go long.

[uempel]

For maldini and strikeprice...

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

[StrikePrice]

For maldini and strikeprice...

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

Interesting.

AAPL reversing. Bought some at 349. What a cheap stock!

[uempel]

Simple mind, it will eventually come back to 5dma, with the distance gap like we have now sell until 5dma meet and then looking for support and go long.

Yes, but the longer price stays high the quicker the MA moves up. I believe it's kind of tricky to go short at such a crucial point when the bulls are in charge. Risk/reward not attractive to me. And the gap might not be filled for many weeks. Safer to play the long side.

[ActiveTrader]

Simple mind, it will eventually come back to 5dma, with the distance gap like we have now sell until 5dma meet and then looking for support and go long.

I agree 132.50 would be a good entry for a swing trade, but the dip buyers every 3 point dip so don't hold your breath. I would be nice to have a more volatile market, but that is probably dreaming.

[BullBear52x]

Simple mind, it will eventually come back to 5dma, with the distance gap like we have now sell until 5dma meet and then looking for support and go long.

Yes, but the longer price stays high the quicker the MA moves up. I believe it's kind of tricky to go short at such a crucial point when the bulls are in charge. Risk/reward not attractive to me. And the gap might not be filled for many weeks. Safer to play the long side.

I got you, but my point was gap too far out from the mean a chance they will meet halfway is high probability. right now I won't hope down more than 132.5 spy.

[Cobra]

I see triangle here, so chances are little bit better for a higher price.

[maldini]

For maldini and strikeprice...

Thank you!

[BullBear52x]

Trap, neutral per gray box, no direction.

[BullBear52x]

Phantom low on SSO 53.6, let see how it will pan out. I try to pay attention to this stuff lately, there is some thing to it.

[Travelfrog]

Phantom bar on the FTSE.

Current price 6012
Phantom bar low at 3174.

Hope this is not an omen of what is about to happen!

[KENA]

Stocktimeing.com says if the Dollar falls below 74.21 it is in trouble. The Dollar right now is 74.17 breaking the low resistance.

[Travelfrog]

Could the value of the dollar cause a crash?

[Cobra]

morning high as resistance, I think there's more.

[KENA]

Could the value of the dollar cause a crash?

I don't know about that but they say this is bad for big Ben. Lets see.