03/02/2011 Intraday Watering

[99er]

balance-- This is my daily chart for crude.
http://99ercharts.blogspot.com/2011/03/crude_1450.html
This asset is very difficult to trade because, like gold, it's manipulated.

[Mr. BachNut]

Loose observation: After USO oil etf broke resistance to upside a little after 11am est, SPY direction changes have been inverse USO with few minutes lag. Oil seems to be calling the shots and may overide normal SPY trading patterns.

[auger]

SLW filled a smal gap at support and is confirmed to move higher - 48.50 next target - silver will hit 50 in june - gold will hit 1650 at least, maybe 2000?

Zombiebraingoo, why not post your PM/miner charts, in the thread I created? I missed all of your posts, because they're getting buried, here.

[zombiebraingoo]

NDX RUT and NASDAQ are finding buyers - bullish sign that will probably support a bottom here. USD slipping into the aybss which will push everything up for a while as mentioned earlier today...

[zombiebraingoo]

SLW filled a smal gap at support and is confirmed to move higher - 48.50 next target - silver will hit 50 in june - gold will hit 1650 at least, maybe 2000?

Zombiebraingoo, why not post your PM/miner charts, in the thread I created? I missed all of your posts, because they're getting buried, here.

I be new here so still getting the feel of the threads - usually I'm too busy durring the day to concentrate on more than a couple of pages but I will try to review that thread today!

[Cobra]

So far pretty much looks like a range day to me, so I'll assume the morning high will be tested, either lower high or higher high.

[EkOnkaar]

Put up or Shut up time for bears right here..

[auger]

I be new here so still getting the feel of the threads - usually I'm too busy durring the day to concentrate on more than a couple of pages but I will try to review that thread today!

No problemo, at your leisure. I just think it's easier to keep the posts/charts separated, by thread topic. It didn't seem like anyone here, was really all that interested in the PM's...

[Cobra]

A little EMA resistance here in case you wonder why not advancing now.

[Me XMan]

Slow day and I've got this interesting quote:

“A lot of national economies are still on performance-enhancing drugs. It will be interesting to see what happens when the dope gets taken away.”

-Norbert Reithofer, the chief executive of Bayerische Motoren Werke

[bear33]

cobra, you still think this rebound will fail and eventually we will go lower? what scenario will change this view? thank you

[balance]

so the strength is all just to wait for Job to show up... Now let the market drop...

It's amazing a single person can move the market that much...

[simpletrader]

Put up or Shut up time for bears right here..

Apple CEO Jobs shows up, the market makes a move.

[Cobra]

cobra, you still think this rebound will fail and eventually we will go lower? what scenario will change this view? thank you

Breakout above yesterday's high will change my view.

[BullBear52x]

watch MU and INTC bear flag is about to break...tick tock tick tock.

[BullBear52x]

Bear flag all over the indexes...heads up boys and girls

[99er]

SPX
Heading for 1301...again?
http://99ercharts.blogspot.com/2011/03/spx_5560.html
If it breaks, then a Diamond Top will have completed.

[Cobra]

Potential H2 long here? Since it's range day...

[zombiebraingoo]

Bear flag all over the indexes...heads up boys and girls

on what time frames? Daily charts look fine to me...if intc can break above 21.75 uptrend will continue.

these pullbacks, especially in the tech and small caps are normal beta volitility - sure you can trade it but unless there is a real breakdown that hammers the tecnicals then you get profit taking followed by consolidation followed by a move higher - this has been the bears problem since aug last year and why they get skinned!

[doji]

I entered SPY long at the H1.

Looking for the impulsive wave will stop and 2nd kick up trend resumes here around 50EMA on 5min chart.