07/07/2011 Intraday Watering

[uempel]

Resistance around 1350, but I guess it will be broken:

[cougar]

Attention BULLS!
RUT is getting close to the 100% extension of the previous wave up, at 859.75

[uempel]

no idea what the market is doing, not look bearish so far.

Cobra, I've got several charts showing substantial resistance up at 1357.

[TexasGordon]

The negative divergence on the 60 min RSI still lingers. Used to mean something, now days Cobra just ignores it. Guess he is right.

[Mr. T]

The negative divergence on the 60 min RSI still lingers. Used to mean something, now days Cobra just ignores it. Guess he is right.

Anything negative should be ignored....... and is.

[viewer]

Waiting for dip.

[uempel]

Cobra, Interview with Todd Salamone on CNBC, he sees increased put buying in the ETFs, believes the bullish game is on.

[agnosia]

Waiting for dip.

you're gonna be waiting a long time everyone was expecting a pullback so we're gonna just squeeze higher and higher...

two gaps to be filled on /es @ 1354.25 + 1357.5

[cougar]

$RUT close to the 100% extension of the previous wave up, at 859.75

[uempel]

Waiting for dip.

For a short term dip wait for 1357 (today) or 1360 tomorrow. But don't forget - the market is heading up...

[99er]

Going out with the Boyz today?
DX http://99ercharts.blogspot.com/2011/07/dx.html
And play their dirty tricks?

[alphahorn]

just checking in on cheech and my bear friends. i posted this chart a couple of days back warning this was a wave 4 consolidation and there would be another move higher before a meaningful pullback. might even test the previous high first

Alphahorn,
With due apologies, All your projections have at-least 2 if not more possibilities. So it is always easy for you to come back and say, "I told you so".
Fact is , there never was any specific projections. Even now, can you please tell us what is your upside expectation and when. Or what do you mean by " meaningful pullback"? What level you expect the SPX to go down to and what is your time frame?
I do not want to sound dis-respectful and I am sure you do great work. But please please, can we have a opinion, for once?
There are people here like "Umepel" who give an opinion and stock to it and I personally have lots of respect for such people.

you need to go back and read my posts, i always state an opinion and cheech has expressed his disagreement with them (which of course is his right and the point of message boards). But, to say I don't have opinions is ridiculous. If you visit my blog, then this past weekend I posted my current holdings with the date entered and with the stops as of the weekend. My subscribers see my holdings each night and get real time info regarding my trades.

[viewer]

Waiting for dip.

For a short term dip wait for 1357 (today) or 1360 tomorrow. But don't forget - the market is heading up...

Thanks! Are they highs or dips?

[99er]

Heads up...
30-Year http://99ercharts.blogspot.com/2011/07/30y_07.html
Ben and the Boyz cannot lose the bond market.

[pezhead9000]

Market formula (Parabola: y=ax^2)

[KENA]

The mkt may trend up but this up move will be short lived if the Utilities don't move. Today they are weak only up 1.10. Right now I'm not buying but on pullback maybe SSO.I have to see.

[BBFinance]

just checking in on cheech and my bear friends. i posted this chart a couple of days back warning this was a wave 4 consolidation and there would be another move higher before a meaningful pullback. might even test the previous high first

Alphahorn,
With due apologies, All your projections have at-least 2 if not more possibilities. So it is always easy for you to come back and say, "I told you so".
Fact is , there never was any specific projections. Even now, can you please tell us what is your upside expectation and when. Or what do you mean by " meaningful pullback"? What level you expect the SPX to go down to and what is your time frame?
I do not want to sound dis-respectful and I am sure you do great work. But please please, can we have a opinion, for once?
There are people here like "Umepel" who give an opinion and stock to it and I personally have lots of respect for such people.

"BBFinance": Don’t expect an answer for alpha horn! He is already out of here, probably visiting some other blogs, in search of suckers who would pay a subscription to get the whole load of ambiguities and charts with hermetic, secretive indicators.
As a Rockies’ cougar, I know all these horned mountain-goats well…Just had one for breakfast…

OK Mr Alphahorn, since we didn't hear back from you with a definitive answer or opinion about the meaning of "meaningful Pullback" or time-frame, I suppose Cougar is right. All these are an exercise in search of money paying suckers in different blogs.
Here is my prediction based on my secretive indicators, the markets will reach a short term peak by June 12/13 and "meaningful Correction" (or whatever the hell that is) will not start before that.
We might get an opportunity to enter after the Option Expiration and the Markets will peak / Top by end of August.
I do not need any subscription to share my thoughts and if I am wrong, I will accept that I am wrong. But I put my own money where my mouth is.

[cougar]

Market formula (Parabola: y=ax^2)

Right “PEZ…”
Where do you see it? Could you share a chart?

[uempel]

Waiting for dip.

For a short term dip wait for 1357 (today) or 1360 tomorrow. But don't forget - the market is heading up...

Thanks! Are they highs or dips?

It's resistance and the market (might) make a small halt/dip there. But be careful, this is a bull...

[BullBear52x]

For day trading I don"t know what to make of it, but the gap like this wont be filled soon. today price action proven to bears that power that be is live and well.
13/34 ma crossed today as gap over major resistance. it is what it is....Bulls are roaming, Buy the Dip.