05/13/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Fri May 13, 2011 10:04 am

TZA too pick up a speed now.

99er · Post by **99er** » Fri May 13, 2011 10:06 am

SPX
New indicator?
http://99ercharts.blogspot.com/2011/05/spx_13.html
Blogger down...market down?

Post by **Cobra** » Fri May 13, 2011 10:07 am

text book double top target.

gabor · Post by **gabor** » Fri May 13, 2011 10:12 am

Did you notice that the middle of the range where we are and middle of the triangle most probably in formation on my chart (red zigzag) is 1344.40. This number is the Febr 7th high. In other words, the market have not decided yet, if that Febr 7th high support was significantly broken for LONG TERM or not. Yesterday's gap, right after the break out, was exatly at 1344.4. I think we will see a gradually narrowing range around this value, before a definite decision is made by the market. Any time the market passes this value moves very fast. Therefore, this is the critical question on short term future.

gabor · Post by **gabor** » Fri May 13, 2011 10:17 am

gabor wrote:Did you notice that the middle of the range where we are and middle of the triangle most probably in formation on my chart (red zigzag) is 1344.40. This number is the Febr 7th high. In other words, the market have not decided yet, if that Febr 7th high support was significantly broken or not. Yesterday's gap, right after the break out, was exatly at 1344.4. I think we will see a gradually narrowing range around this value, before a definite decision is made by the market. Any time the market passes this value moves very fast. Therefore, this is the critical question of the short term future.

Now the market found a strong support at this exact level. Let see if it turns the sentimet too?

99er · Post by **99er** » Fri May 13, 2011 10:18 am

ES and ZB
Between equities and the bond market...
http://99ercharts.blogspot.com/2011/05/es-zb_13.html
Ben will always save bonds.

BullBear52x · Post by **BullBear52x** » Fri May 13, 2011 10:25 am

/ES is about to break down, if so next target is 1304ish.

99er · Post by **99er** » Fri May 13, 2011 10:33 am

BullBear52x:

Nice charts. What is that "think A.I." button on top?

KENA · Post by **KENA** » Fri May 13, 2011 10:36 am

The $ is up .13 so far today. Wait and see.

brownstein00 · Post by **brownstein00** » Fri May 13, 2011 10:37 am

market won't breakdown on a friday if ben can help it

BullBear52x · Post by **BullBear52x** » Fri May 13, 2011 10:41 am

99er wrote:BullBear52x:

Nice charts. What is that "think A.I." button on top?

preprogram use to project price range, I am not using it, works with few selected stocks. what it looks like when turn on (IBM here)

99er · Post by **99er** » Fri May 13, 2011 10:43 am

BullBear52x:

Thanks.

uempel · Post by **uempel** » Fri May 13, 2011 11:06 am

This chart is quite reliable. No sign of a buy signal, but it does show that SPX is at support:

KENA · Post by **KENA** » Fri May 13, 2011 11:09 am

Just about dn to the phantom low of yesterday of 134.45

soku · Post by **soku** » Fri May 13, 2011 11:17 am

hi gang. was busy yesterday. now me back.
reuter just said gaddafi not in tripoli. is he killed? will there be a gaddafi rally like the bin laden rally?

Post by **Cobra** » Fri May 13, 2011 11:17 am

volume surge and at a support, so could be a rebound of some kind here. I'm a little disappointed in bulls, so far no follow-through of yesterday's huge reversal.

KENA · Post by **KENA** » Fri May 13, 2011 11:23 am

I think that push yesterday was the mkt wanted to get rid of the shorts,which they did and maybe trapped some bulls befor moving dn.We will see next week.

BullBear52x · Post by **BullBear52x** » Fri May 13, 2011 11:26 am

133.91 (man I am going to the penny LOL) 78.6% retracement is next target, I will take some profit there. we should be there today I hope.

Tabby · Post by **Tabby** » Fri May 13, 2011 11:31 am

BB52,
I am buy FAZ and TZA with you. Could please announce it when you are opening a position? Many thaks.

BullBear52x · Post by **BullBear52x** » Fri May 13, 2011 11:37 am

Tabby wrote:BB52,
I am buy FAZ and TZA with you. Could please announce it when you are opening a position? Many thaks.

sure FAZ stops is at 42.41 fat blue line.
TZA stops is 33.5

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05/13/2011 Intraday Watering

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