08/09/2011 Intraday Watering

[RedCedar]

Should there be bull-friendly comments by the Fed the initial rally might go way up to 1170... This would be just as crazy as last week's drop:

SPX4.png

uemple V5 ! of course Cobra V5 too !

[RedCedar]

Sorry, mistake, UEMPEL V5!

[babaro22]

Huge rally but I am not very impressed. Today SMA 50 crossed SMA 200 generating so called "death cross".

http://babaro22.blogspot.com/

[thanos]

Dow closed right at resistance and break of that and next stop is 11700 area. If you follow Ted from tedlines you would of know the true extent of the of our oversold conditions and a snap back was immenient..of course I didn't expect it all in one day!!!

Good luck!

[99er]

That stick save earlier today was total BS.
ES http://99ercharts.blogspot.com/2011/08/es_3200.html

Back to our regularly scheduled programming.
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_09.html

Welcome to the Boyz' casino!

From Zero Hedge:

Following a 600 point plunge in the DJIA yesterday, today we see a 400 point surge following the presentation of the weak case of the expected Bernanke Put. And completing the amazement, the 10 Year bond, moved to almost record lows, and then retraced virtually the entire move, as nobody knows what central planning has in store for America any longer. Additionally, after being up 50%, VIX is now down 22%. Congratulations Ben: in taking central planning to nth double-down levels, you have now broken not only the stock, but the bond market as well.

http://www.zerohedge.com/news/price-sta ... ts-minutes


Okay. See ya.
http://99ercharts.blogspot.com/2011/08/ ... rfing.html