03/09/2011 Intraday Watering

maldini · Post by **maldini** » Wed Mar 09, 2011 4:09 pm

uempel wrote:
Up.png
For the very short term the market does not look that bearish...

but... as Cobra already mentioned,
this flag is too huge compared to the pole..

greenback · Post by **greenback** » Wed Mar 09, 2011 4:10 pm

crude just doesn't want to go below 104 ...

greenback · Post by **greenback** » Wed Mar 09, 2011 4:11 pm

looks like spy gap is a strong resistance ...

uempel · Post by **uempel** » Wed Mar 09, 2011 4:12 pm

Looks as though the 3rd break out of the flag is valid...

BullBear52x · Post by **BullBear52x** » Wed Mar 09, 2011 4:17 pm

uempel wrote:
upup.png
Looks as though the 3rd break out of the flag is valid...

If it failed the third time, there's not charm left.

Dow Trader · Post by **Dow Trader** » Wed Mar 09, 2011 4:18 pm

greenback wrote:crude just doesn't want to go below 104 ...

because the weekly support is 104.20 - 103.80

KENA · Post by **KENA** » Wed Mar 09, 2011 4:19 pm

uempel wrote:
upup.png
Looks as though the 3rd break out of the flag is valid...

Yes but so far it is still a lower high.Same trend for last 3 hrs.

uempel · Post by **uempel** » Wed Mar 09, 2011 4:20 pm

BullBear52x wrote:
uempel wrote:
upup.png
Looks as though the 3rd break out of the flag is valid...
If it failed the third time, there's not charm left.

I don't care about charm in TA, I love charm if it's female

Post by **Cobra** » Wed Mar 09, 2011 4:21 pm

Dow Trader wrote:
greenback wrote:crude just doesn't want to go below 104 ...
because the weekly support is 104.20 - 103.80

How do you think of the coming protest this weekend on Saudi Arabia? Thanks.

AK84 · Post by **AK84** » Wed Mar 09, 2011 4:22 pm

Cobra,

I know you have always said that $INDU leads....its green right now while the other indices are red....does this mean we will see a higher high in the short term? If so, should I be buying leaders like AAPL for example ?

Post by **Cobra** » Wed Mar 09, 2011 4:23 pm

My guess is the market will breakout on the upside here before the close.

Post by **Cobra** » Wed Mar 09, 2011 4:25 pm

AK84 wrote:Cobra,

I know you have always said that $INDU leads....its green right now while the other indices are red....does this mean we will see a higher high in the short term? If so, should I be buying leaders like AAPL for example ?

Doesn't count here, INDU hasn't made higher high yet. Now the market direction is not clear, that's all I can say.

BullBear52x · Post by **BullBear52x** » Wed Mar 09, 2011 4:28 pm

How can this short term look healthy?

look at few indicators I got here.

Me XMan · Post by **Me XMan** » Wed Mar 09, 2011 4:29 pm

The king already bought them off so protest is for show only.

Cobra wrote:How do you think of the coming protest this weekend on Saudi Arabia? Thanks.

Me XMan · Post by **Me XMan** » Wed Mar 09, 2011 4:30 pm

Watch for stick save at 3:50pm.

BullBear52x wrote:How can this short term look healthy? look at few indicators I got here.

greenback · Post by **greenback** » Wed Mar 09, 2011 4:31 pm

Okay, here you go, CRUDE is at 103.95. Somehow Saudi Arabia index is up again, though it was much higher intraday ...

Dow Trader · Post by **Dow Trader** » Wed Mar 09, 2011 4:39 pm

Cobra wrote:
Dow Trader wrote:
greenback wrote:crude just doesn't want to go below 104 ...
because the weekly support is 104.20 - 103.80
How do you think of the coming protest this weekend on Saudi Arabia? Thanks.

I am visiting Dubia now and I can't see the most popular tv news in middle east which is : Aljazeera and Alarabia you can't see them in whole middle east on thier regular frecuency ( you have to visit the website to get the update about the frecuency for the reason of the disruption from most government in that region) because of the unrest in Middle east so far... and you know when they band the media then they don't want you to see what is happening, but talks are lowed about Friday after tommorow in S.A.
bottom line, tension is high so far

uempel · Post by **uempel** » Wed Mar 09, 2011 4:41 pm

A bearish bullish flag...

Post by **Cobra** » Wed Mar 09, 2011 4:42 pm

OK, I'm wrong again. The good news is I didn't trade today except in the morning I dumped the long bought on Monday close. Sometimes the instinct does save me from troubles.

Dow Trader · Post by **Dow Trader** » Wed Mar 09, 2011 4:43 pm

I want to buy Oil here at support but the problem is Dow below 12240 so it is not that good deal so far.. So, I will stay flat until a good deal shows up

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03/09/2011 Intraday Watering

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