06/13/2011 Intraday Watering

[Wallstreetrader]

Toilet flush under way

[cougar]

breakdown as i said, tinted area as text book target. bear needs a follow through next bar though.

Good job, Cobra!
The force is with you!

[BullBear52x]

For IWM: the filling of the gap!

IWM, I see bear flag break down.

[Cobra]

qqq looks like either a Descending Triangle or Rectangle, so likely to breakdown eventually.

[BullBear52x]

EDZ, nice bullish set up here.

[Cobra]

triangle, nothing to say.

[WesMantooth]

Looks like we just completed the E wave of the triangle. This may get ugly.

[pidge66]

nothing to day. a little trend line I see in Global ES.

So sorry about gargantuan avatar.......can't seem to figure out how to reduce size on your system....
please help...........when you can

What's wrong with the size of your avatar? As long as yours is smaller than Cobra's, you're fine

[BullBear52x]

at this moment, TIck/Q and Vix lean to bears

[BDI]

nothing to day. a little trend line I see in Global ES.

So sorry about gargantuan avatar.......can't seem to figure out how to reduce size on your system....
please help...........when you can

What's wrong with the size of your avatar? As long as yours is smaller than Cobra's, you're fine

OMG.......you clearly did not see the original one, before I was able to reduced it to an acceptable size. I do agree with you
that all avatars should be smaller than our gracious host's

[cletus]

Homer "Goldman" Simpson tries to prop up UNG

[BullBear52x]

Homer "Goldman" Simpson tries to prop up UNG

I will be a buyer again, right now my charts say sell rally on UNG.

[KENA]

Not to much to say today .Mkt is slow...I'm slow..Tired..Got a cold..Not to much going for me today so I'm Just watching.

[cletus]

Homer "Goldman" Simpson tries to prop up UNG

I will be a buyer again, right now my charts say sell rally on UNG.

Things don't look great for UNG short-term.

We have

-- RSI negative divergence (red dots)
-- Distribution volume patterns labeled as "DST" (volume in the 95th percentile with RSI > 50)
-- Cycle high

Now, I agree there could be a re-test of the highs after a pullback, since the principle cycle is still not peaked.

[BullBear52x]

My chicken sketch trade on SSO pretty bearish as you can see.

[cletus]

Turn coming in a half hour or so and bears are not striking. Could close green today as seasonality predicts.

4 of 4 positive close on trading day 9 the last 4 months

[Wallstreetrader]

H&S Activated ?

[cletus]

H&S Activated ?

looks more like a diamond pattern which has not broken in either direction yet. I give the bulls an edge today.

[TrendTrade]

15 minute MACD (which I use for swign trades) is about to confirm sell signal. Still think this is just a triangle without lower low or higher high yet. Will know soon.

[trader_jay]

Gap filled and low revisited, misson accomplished for bears.

Not execting a lot of price movement today. European holiday, plus there are a lot of econ reports come out tonight and tomorrow.