03/08/2011 Intraday Watering

Post by **Cobra** » Tue Mar 08, 2011 10:02 am

Flat open, so whatever gap either up or down will be filled and the day could be a range day. There's a little overlapping on Global ES so still there're good chances the current selling is corretive in nature instead of impulsive while the currend down leg in Global ES can be seen as a retest of the previous low which is the very first step toward a meaningful bottom.

The chart below should enough shows retailers actions recently, yeah, very negative, although occassionally they can be right. Well, let's see if they're right or not this time.

Institutions are mostly undecided as far as I can see.

So all in all, no clue, let's see how market goes today!

99er · Post by **99er** » Tue Mar 08, 2011 10:03 am

Morning.
Ruby Tuesday?
/NQ
http://99ercharts.blogspot.com/2011/03/nq_08.html
Target 2228.

99er · Post by **99er** » Tue Mar 08, 2011 10:09 am

EURUSD
Leading the charge down.
http://99ercharts.blogspot.com/2011/03/eurusd_08.html
Whee!

KENA · Post by **KENA** » Tue Mar 08, 2011 10:11 am

FYI...Not to much this morning on stocktiming.com...About the the same verbage. Have a good day.

BullBear52x · Post by **BullBear52x** » Tue Mar 08, 2011 10:17 am

morning, here is my plan. GL all.

90ufo · Post by **90ufo** » Tue Mar 08, 2011 10:29 am

$DAX (chart has been similar to $SPX's last 3 months) is below 50day SMA. USD rebound--material sector will be weak.
copper still weak, at neckline of potential H-S.

Post by **Cobra** » Tue Mar 08, 2011 10:31 am

The opening.

balance · Post by **balance** » Tue Mar 08, 2011 10:56 am

my prediction today, so far on track...
http://content.screencast.com/users/Bal ... 308spx.png

Post by **Cobra** » Tue Mar 08, 2011 10:58 am

Nothing to say, could be end of 2 leg down, now start 2 or 3 leg up, let's see.

Post by **Cobra** » Tue Mar 08, 2011 11:03 am

Good, very good, the next resistance is red line above, I mean red moving average above.

balance · Post by **balance** » Tue Mar 08, 2011 11:16 am

this is uncle ben at work．

BullBear52x · Post by **BullBear52x** » Tue Mar 08, 2011 11:16 am

Turns out bottom buyers are making a killing right now. not I....

BullBear52x · Post by **BullBear52x** » Tue Mar 08, 2011 11:19 am

OK. we are at the resistance now, lets see how it goes from here, if move pass here Buy! Turn down Sell! good area to get kill here.

Me XMan · Post by **Me XMan** » Tue Mar 08, 2011 11:22 am

I feel for ya...

BullBear52x wrote:Turns out bottom buyers are making a killing right now. not I....

99er · Post by **99er** » Tue Mar 08, 2011 11:23 am

SPX
Trying to determine the upper boundary of an accelerated channel...possibly at 1318.
http://99ercharts.blogspot.com/2011/03/spx_08.html

BullBear52x · Post by **BullBear52x** » Tue Mar 08, 2011 11:24 am

Bears focus : Financial and Tech (SOX)
Bulls focus : not much from here, stick to major indexes.

Post by **Cobra** » Tue Mar 08, 2011 11:38 am

Fib 61.8, should be more.

KENA · Post by **KENA** » Tue Mar 08, 2011 11:39 am

It's trying to break thru this res. area...If we do the next stop may be in the 1325 area...Wait and see.

Me XMan · Post by **Me XMan** » Tue Mar 08, 2011 11:41 am

Is Netflix the great short?

Abbly · Post by **Abbly** » Tue Mar 08, 2011 11:45 am

Cobra wrote:Fib 61.8, should be more.

132.40 maybe the short point

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03/08/2011 Intraday Watering

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