04/11/2011 Intraday Watering

[BullBear52x]

FAZ is sceraming buy intraday.

[Cobra]

judging by pink and green, should be more pullback? anyway, this market is so boring.

[BullBear52x]

TZA only looking better day by day. IWM for some it's triple bottom for others third time is a charm.

[Cobra]

OR support. I'm really tired today, think of a small nap.

[maldini]

OR support. I'm really tired today, think of a small nap.

what did you do last night?

[BullBear52x]

on SPY we are going to 8th reversal candles? I miscount...

[99er]

SPX
Revised neckline; H&S target now 1306.
http://99ercharts.blogspot.com/2011/04/spx_6623.html

[BullBear52x]

am I the only one awake, com'on guys, where's the love? pot some charts.

[BullBear52x]

VIX is proping up now, bulls better keep buying or the slide will continue to END of the day. wake up!!!!

[AK84]

VIX is proping up now, bulls better keep buying or the slide will continue to END of the day. wake up!!!!

im wideeee awakeeee waiting for this market to POP like a pimpleeee

[Cobra]

breakdown finally, I think the Friday's low will be revisited.

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/04/crude_11.html

[BullBear52x]

Russel 2000 trading below last week low, pull out your charts time to hedge if need be.

[BullBear52x]

We may get support at gap support, but damage is done technically speaking.

[99er]

RUT
Target 782.
http://99ercharts.blogspot.com/2011/04/rut_11.html

[cletus]

The VIX just seems too low right now considering where the market is, so that's bullish. I tend to trust the options market more than the equities. I'm holding some longer term puts but that's it. Just being patient to reopen FAZ and DRV when I get confirmation.

[MiniMilt]

Be careful out there shorts. Any new low looks like it will be a positive divergence on many indicators 60-minutes and under.

5-minute and 1-minute cumulative tick extremely overextended.

[Cobra]

well, I think I'll have a nap and hopefully the market could move a bit after I left.

[99er]

Nap Time Reading

The International Monetary Fund lowered its forecast for U.S. growth this year, predicting higher oil prices and the pace of job gains will restrain the recovery.

The world’s largest economy will expand 2.8 percent this year, down from the 3 percent projected in January, the IMF said today, citing the need to reduce deficits and boost exports. Global gross domestic product will grow 4.4 percent in 2011, matching the previous estimate, according to the Washington- based lender’s World Economic Outlook report.

Consumer spending, the biggest part of the U.S. economy, faces headwinds from the rising cost of food and gasoline. Federal Reserve officials last month said the expansion is on “firmer footing,” lessening the need to extend a bond purchase program beyond June.

http://www.bloomberg.com/news/2011-04-1 ... gains.html

[BullBear52x]

SSO low will be revisit since we got lower low by a penny. more resistance as we move lower. it's also regitimate to call it a bear flag here also