10/04/2011 Intraday Watering

[jarbo456]

kool aid update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244976875

I wish I could make heads/tails outta that chart. I like your summations much better.

haha. totally with you bushwaffle. love the summations, but i open this thing up and i'm like...where the hell do i start?! i'd love an explanation on how to read this...

[Al_Dente]

Still no help from the BANKS. Not going much of anywhere W/O BANKS.

grizzly grizzly grizzly
MS creepin up, and MS impt these days

[EvilTrader]

here comes the short covering.

[Mongoose]

Good morning all. The market was falling so fast this morning that by the time I edited my chart with the Flash applet on Stockcharts, and then uploaded it, the pinned notations had moved (stockcharts users know what I mean). Anyways, note that the Negative Price Reversal to 1087 was confirmed today, meaning down trend still in place (duhh!). When price reversals don't confirm (from my experience) it is a good indication that the trend is reversing (in the applicable time frame). At any rate, 3 accelerations in trend line sometimes precede a reversal. Projections made on 9/25 weekend watering hole still stand. Those pointed to a 1065 low on 10/5. Time will tell. I don't trade these projections, rather use them to clue me into when to look at other indicators of a trend reversal.

I really like these charts you provide. Thanks.

[soku]

10yr got pressure. equity reb, eur reb. risk on target around 1095-1100

[Al_Dente]

kool aid update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244976875

I wish I could make heads/tails outta that chart. I like your summations much better.

hi bushie: summation:
green bull advancing issues are gaining (watch for squeeze signals, parabolic up sticks)
red bear declining issues wane
just saw bull green ticks emerge on 5m filtered ticks
VIX now sorta confirming rally, dollar too, spy higher hi
May just be flag up to grizzly bear sell rip
May be trend reversal……….
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244976875

[jarbo456]

is canada not cooperating with this small counter rally?

[jaijailyc]

I will be buying this market on the way down.

[Petsamo]

It'll be difficult to guess where the next decent size pullback will occur.

[paulo.alonos]

Here is R2K in a little context.
It is often the first to bottom, as it was the first to move big to the downside a few days ago.

It's already higher, up almost 1%

[SB73]

SPX
Bullish Butterfly.
http://99ercharts.blogspot.com/2011/10/spx_8429.html

Wow, someone has the guts man. Just kidding.

Plan the trade and trade the plan, easier said than done. Its not easy, but i try.

viewtopic.php?f=9&t=317&view=viewpoll

My downside ES targets are more or less met. Hence, i closed all my shorts and have partially gone long. Not saying we cannot go down further. Just that with so many divergences, it is hard to ignore them and be short. Playing safe is better than risking your principal IMHO. I am not sure if my decision is 100% correct or not, but i know how to save myself if market still insists on going the other way.

GLTA

Which divergences are you referring to? I typically don't review any under 15, but I guess I see some on the 5 min

[BullBear52x]

TNA update, first leg is getting stronger but need to break the first resistance.

[L_T]

Do you have a target for VMW? Maybe fill the recent gap to land in the 82.50 to 83 range?

In addition to XLF another has hit my radar..Watch VMW, bite off a little now and more later if it moves.These are not day trades.Swing trades.Lets see.

[ClarkW]

SOXL +7%! Please don't make this statement jinx it!

[BullBear52x]

SOXL +7%! Please don't make this statement jinx it!

I bet on SMH, you will be bless hahaaa

[jarbo456]

SPY targets, gap fillage - looks like we're there...
then...breakdown target of 110.21 and 110.85'ish.

[jaijailyc]

S&P to 1105.. ? then let see what happens

[KENA]

Do you have a target for VMW? Maybe fill the recent gap to land in the 82.50 to 83 range?

In addition to XLF another has hit my radar..Watch VMW, bite off a little now and more later if it moves.These are not day trades.Swing trades.Lets see.

It can move up 3/5 points. It has moved 1 1/2 points already.I may day trade and not get greedy.I did not think it would pop up this fast.

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/10/spx_9527.html

Honey...your pants.

[ClarkW]

SOXL +7%! Please don't make this statement jinx it!

I bet on SMH, you will be bless hahaaa

SOXL +8.41%! Keep it coming!