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08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering

Postby Glitch » Tue Aug 30, 2011 4:02 pm

This may be a target?
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Re: 08/30/2011 Intraday Watering

Postby keesa » Tue Aug 30, 2011 4:03 pm

closed under resistance at 121.8, tomorrow is going to be ugly
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Re: 08/30/2011 Intraday Watering

Postby shumushu » Tue Aug 30, 2011 4:05 pm

What happens at the close tends to continue into the morning. I am expecting an early sell-off in the first 30min then continue to consolidate in this area.
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Re: 08/30/2011 Intraday Watering

Postby Ninja Trader » Tue Aug 30, 2011 4:05 pm

"who in their right mind would want to be long today, with our economy the way it is."

I'm certainly not some raging bull, not at all in fact..... but I do recall the economy looked darkest in the first quarter of 2009, not a bad time to be shopping for longs in hindsight.

The economy is not the stock market.
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Re: 08/30/2011 Intraday Watering

Postby silicon_beaver » Tue Aug 30, 2011 4:06 pm

Actually, since last Friday FED meeting, everyday was green. Ben is behind to drive the market, hard to believe that MM will make a day red. We will see.
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Re: 08/30/2011 Intraday Watering

Postby PLUNGE » Tue Aug 30, 2011 5:21 pm

sc.png


This fits with Umpel's timing charts. the BB squeeze is on and momentum is up but waning. Market needs a day or 2 to let us know which direction for this projected major move.
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