12/07/2011 Intraday Watering

[Al_Dente]

Al (or others),
I don't have stockcharts membership. Do you know if that discount code works for new members and can you send that code? TIA

No, they only offer TINY discount for each year you've been a member (eg: 1 yr = 1% discount; 5 yrs = 5% discount, etc.), and the code is specific for every account, so my code won't help anybody.

[heavenskrow]

wow. big red bar on the last 5 minute bar on vix. what's that about?

me selling. I kid. Noo idea

[StrikePrice]

Sorry. Looks like I was too early in calling wave 5. We're still inside the up channel so maintain more up until we take out 1,240. Today is key day for the Bulls.

[jarbo456]

wow. big red bar on the last 5 minute bar on vix. what's that about?

me selling. I kid. Noo idea

just snapped back. big red bar on oil hourly as well. that was a strange VIX bar though. SPY dropping and VIX dropping, then they both snapped back. totally inverse of their inverse relationship.

[soku]

2nd leg is not there yet...

i guess somebody is trying to defend using yesterday low. possible dbl bottom, and couple other reversal patterns may fire. if you short, it's about time to working on exits.

me get out. if it is keeping on dropping then it is still first leg. it will be safer to short pop today.

[TWT]

SPX: The Double Top has a target at 1233

TWT: I don’t count waves, but I really love the purity of your charts, and I watch them carefully, thank you

You are most welcome

[Petsamo]

wow. big red bar on the last 5 minute bar on vix. what's that about?

I see it

[jarbo456]

second leg should start any time now. oil is about to break the hourly 200MA to the downside.

[Harapa]

second leg should start any time now. oil is about to break the hourly 200MA to the downside.

IWM is in free fall since open

[rhight]

this is what i see. near perfect open below the up trend from last wednesday.

I drew my line a little different. I think we landed on support this morning, and as I look we may be falling through that now (only to find horz. support at 1243. I guess (I try never to be certain, as that has gotten me in a lot of trouble) we may head down to the 20/50 DMA's, but may get down to the mid 1180's, before the next Daily swing high begins (swing trading). The minor top may still be forming though, and another move up to 1260 may occur before a larger pull-back. Just guessing. Short at 1264, stop at 1272, will trail stop once I see how things shape up.

[Me XMan]

You gonna hear a SHWOOOOSH sound to the downside soon.

2nd leg is not there yet...

i guess somebody is trying to defend using yesterday low. possible dbl bottom, and couple other reversal patterns may fire. if you short, it's about time to working on exits.

me get out. if it is keeping on dropping then it is still first leg. it will be safer to short pop today.

[heavenskrow]

second leg should start any time now. oil is about to break the hourly 200MA to the downside.

I think you will love this if you are short oil. It has been VERY deadly in terms of shorting oil

[heavenskrow]

Bonds keep getting shut down on hourly timeframe resistance.

[stucap]

ES is fighting support here......S1 @ 1244.75.....aka the launching pad.

We've had 3 touches on the 5-min chart and the candles have all closed well above the mark.

Bulls will have some fun here unless the bears wake up........

[jarbo456]

second leg should start any time now. oil is about to break the hourly 200MA to the downside.

I think you will love this if you are short oil. It has been VERY deadly in terms of shorting oil

i like your charts...generally.

but hard to read anything with it being unlabeled. i know you got your own "system" and all...but i'm not sure how to read that chart.

with that being said...i think it's time to cover some of my crude shorts. i was treading water with about 1500 profits for the past 2-3 days. now i'm up over 4k...so before crude decides there's another war in the middle east to ramp on, i'll take my money and run.

[Roadrunner]

Dr. Al
Time to buy the/CL dip?

[Al_Dente]

Intraday internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Anybody cares, my fingers are so cold this morning, am having a hard time typing. And I’m in the Southwest desert folks !!!
Can just imagine cougar is frozen solid

Uempel: Try to watch all of this when u have time… just one moment of Amy, but the rest is pure inspiration
http://www.youtube.com/watch?v=LdQKUj3YY9s

[JTrader]

I'll try to be like 99ER.

Weee! Honey. We're going skiing today.

LOL, I like your humor!

Cobra, I'm going to start paying you. I took some monies and shorted almost exactly at the high yesterday afternoon based on your previous day's report. Well done, and thank you!!!

[Al_Dente]

Dr. Al
Time to buy the/CL dip?

Bloomberg just reported oil inventories (?) and i missed them..... anyone.... please chirp

[Dow Trader]

Cloud update