03/14/2011 Intraday Watering

[Rezito]

I see 127.50 as the lowest we can go. This tests the low at the end of January on the SPY.

[KENA]

If we do break out down in this area there is not much to stop the mkt until 1275 .Watch closely.

[Me XMan]

That's a 90-degree cliff alright.

Nikkei Futures
Bear porn.
http://99ercharts.blogspot.com/2011/03/nikkei_14.html

[tradersu]

Any body follow this guy? http://www.youtube.com/watch?v=k7qNy9FwXpY

[alvian33]

cobra, we broke down but by just few points, you still think we go lower?

[Fritz Baxter]

Nikkei Futures
Bear porn.
http://99ercharts.blogspot.com/2011/03/nikkei_14.html

It looks like the BOJ will suspend the securities purchases in their stock market that started on Nov. 4th
Underpinning is probably gone. BOJ needs to purchase gov bonds for recovery from this unreal mess.

[Cobra]

cobra, we broke down but by just few points, you still think we go lower?

Break trend line then test the previous low, there's a chance that we bottomed here. Need wait and see.

[greenback]

cobra, we broke down but by just few points, you still think we go lower?

Break trend line then test the previous low, there's a chance that we bottomed here. Need wait and see.

Cobra,

What's your take on the divergence between price and RSI on the 15m and 60m charts? Any indication for a reasonable short term bottom?

[99er]

SPX
The daily chart so far does not look bullish.
http://99ercharts.blogspot.com/2011/03/spx_6539.html

[Dow Trader]

my target in Dow 40 points

[Me XMan]

Bada Bing Bada Bang!

cobra, we broke down but by just few points, you still think we go lower?

Break trend line then test the previous low, there's a chance that we bottomed here. Need wait and see.

[maldini]

cobra, we broke down but by just few points, you still think we go lower?

Break trend line then test the previous low, there's a chance that we bottomed here. Need wait and see.

I think it is a trending range, Cobra... A trade-able rebound but not much..
The reason: this rebound doesn't look strong to me

[Cobra]

cobra, we broke down but by just few points, you still think we go lower?

Break trend line then test the previous low, there's a chance that we bottomed here. Need wait and see.

Cobra,

What's your take on the divergence between price and RSI on the 15m and 60m charts? Any indication for a reasonable short term bottom?

Possibly. Just normally, don't trade on divergence.

[zombiebraingoo]

TIGGER will save the markets even if the quakes, waves and volcanos rip the earth apart!

[zombiebraingoo]

if VIX gets back under 22 then you better be long - doomsday postponed again...

[BullBear52x]

I am back with new Avatar

[Cobra]

I see 3 push down here, so another bottom sign. This market just doesn't want to drop. I still don't see strong push down here. Or I should say people are buying dips like crazy, no one believes this market could drop.

[uempel]

Two bullish SPX charts, but what the bulls really need is a close above DMA 55.

[BullBear52x]

My break our trend buy line, RSI looking good. or fail?

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/03/crude_14.html