05/17/2011 Intraday Watering

[uempel]

Bought June ES at 1317...

[Me XMan]

POMO about to end...market will surely crash.

Bought June ES at 1317...

[99er]

DX
Update.
http://99ercharts.blogspot.com/2011/05/dx_17.html

[uempel]

POMO about to end...market will surely crash.

Bought June ES at 1317...

Don't know how you trade, I bought at 1317, sold at 1320, that's 3 handles. And I did not buy one single ES. So I'm quite happy.

[uempel]

POMO about to end...market will surely crash.

Bought June ES at 1317...

Don't know how you trade, I bought at 1317, sold at 1320, that's 3 handles. And I did not buy one single ES. So I'm quite happy.

[Me XMan]

If you can consistently do this, you wouldn't be here.

POMO about to end...market will surely crash.

Bought June ES at 1317...

Don't know how you trade, I bought at 1317, sold at 1320, that's 3 handles. And I did not buy one single ES. So I'm quite happy.

[StrikePrice]

We've had 2 days in a row of a gap down and rally fail to make new lows.

With the 1315-1317 pivot on $SPX a really key line, we need some of Ben's magic beans to juice things or 1300 is closer than I thought.

[soku]

market is going up. put in a sale to close order at 1323.0

[uempel]

XMan, don't quite understand you. It's not very helpful for daytrading if you have a preconceived opinion of the medium term trend. If the minute or the 10 minute chart show clear buying signals (even though medium term trend is down) why not go long for some minutes or some hours? Important is that you are aware of what you are doing and don't forget that the medium term is down...

[uempel]

If you can consistently do this, you wouldn't be here.



Nothing is consistant, and I'm having fun here. Nothing else counts.

[BullBear52x]

Come to papa...

[StrikePrice]

Uh oh. Volatility in the market is spilling over...

If you can consistently do this, you wouldn't be here.



Nothing is consistant, and I'm having fun here. Nothing else counts.

[BullBear52x]

Uh oh. Volatility in the market is spilling over...

If you can consistently do this, you wouldn't be here.



Nothing is consistant, and I'm having fun here. Nothing else counts.

[gabor]

SPX is definitely depends on the crude oil. Crude temped to break down $95. It failed for the 3rd time. Now I think the whole market will be up soon.

[agnosia]

market is going up. put in a sale to close order at 1323.0

yep that is where the bot pivot area is..

[BullBear52x]

Yeap back in the game, divergence here at 200ma. keep doing it until it's not working.

[BullBear52x]

Oh here is the chart. Sell baby.

[soku]

the market is kinda lack of power.
my script,
1. dip from current-1325 level (off if go directly over 1326)
2. dip below 1320.5 (off if break day low)
3. back up to take 1326

yes i am drawing a rhs

[agnosia]

this rebound is weak... running on fumes.. no volume. i will short this baby soon...

[Cobra]

trend line resistance but generally the rebound should get stronger and stronger, so the mini target is marked on the chart, should be more than that but I still expect the rebound to fail eventually.