05/25/2011 Intraday Watering

[Tabby]

Agnosia,

You are absolutely RIGHT. Look how they are shorting their own stock.GS is 10 years ahead of us for their evil plans!

[Tabby]

Cobra,
I did not take the test but I was able to post. I would fail the test no matter what. I always thought "C'' is the best and correct answer and I passed my board knowing that.

[Anaconda]

Went short at the close, as DMA 55 was not breached.

Oh yeah

STAYED short into the close. 1325 was the bar. 1290 still to come, I think. Europe is a mess and the dollar will benefit from that, regardless of our attempts to drive it down further here in the U.S. U.S. Dollar up = stocks and other assets down.

Just sayin'

[Cobra]

Cobra,
I did not take the test but I was able to post. I would fail the test no matter what. I always thought "C'' is the best and correct answer and I passed my board knowing that.

[uempel]

Went short at the close, as DMA 55 was not breached.

Oh yeah

Didn't notice all the fire you see...

[cougar]

Went short at the close, as DMA 55 was not breached.

Oh yeah

STAYED short into the close. 1325 was the bar. 1290 still to come, I think. Europe is a mess and the dollar will benefit from that, regardless of our attempts to drive it down further here in the U.S. U.S. Dollar up = stocks and other assets down.

Just sayin'

Anaconda: In principle I agree with you but I am staying hedged over night. SPX support at MA(100) held 3 days in a row. Also…the countermove during the last hour might be setting an “overnight bear trap”.

[jakd]

Bullish Engulfing on iwm

[Anaconda]

Cougar - you may turn out to have been the wiser one. However, I've been biding my time for what I think is transpiring right now:

- Expectation was pretty universal in yesterday's after hours that we'd see strong down day in cash market (target of 1307 or 1290)
- Instead we got a dollar smash down - a lame, manipulated attempt to turn cash S&P positive
- As day progressed, today, most folks got on the bandwagon of "the technicals indicate a reversal to the upside."
- But, week volume today, for a bullish day. Unconvincing close. Inability to hold 1325.
- Strongly suggests coming reversal of reversal, down, is still to come. I don't want to miss it.

[BullBear52x]

Went short at the close, as DMA 55 was not breached.

Oh yeah

Didn't notice all the fire you see...

I am having problem with my desk top big time all day, now I have to reset and reconfigure all my charting. busy day but managed to make few trades. tomorrow will be interesting. I might test to post some charts tonight once I got my stuff up.

[BullBear52x]

It will take a lot of Bulls + Cows to pull out of this hole. the line of support failed and today's high is a retest of that. yes, we could gap up over and head for a good run but the least resistance path is down until Bulls can retake the upper support line/resistance line.

Got my computer back in full speed now, watch out!