03/12/2012 Intraday Watering

[BullBear52x]

bulls hope that this aapl bull flag will break out again, while bears hope for not to

[btran874]

I guess Ralph Nelson Elliot do control the market after all. Where are ya GK? Come out and say hi.

Greetings from Houston! Nice chart but I'm on the sideline now.

So weird, things are becoming more complicated seeing Dow gonna reach the target first. COMP SPX and RUT needs to pick up some speed.

[L_T]

Wow super slow day..........

[BullBear52x]

I am done here too, Thanks Cobra and everyone. GLTA

TA note: I bet that we are closing lower the way TRIN is acting, but will power that be allow that is another question.

[knurbs]

Daily C&H means we move higher into the close in anticipation of QE3 tomorrow I guess...this is getting really ridiculous.

[Petsamo]

EWG (Germany) is doing very well. If da bears are gonna make their move, they better hit EWG.

[Cobra]

Triangle, so the bias is up, just the rebound is weaker than I thought.

[uempel]

Bye guys, ain't no fun today.

[johnnywa]

Probably break 1400 this week ,every one on CNBC is waiting for a 5% pullback

[Cobra]

breakout on the upside as I expected, hopefully this time is real.

[KENA]

Completly sideways for the last 2hrs.

[pidge66]

Bulls don't get too excited, the breadth isn't great.

[johnnywa]

Exhausting a lot of energy trying to break 1372

[Cobra]

not looking good for bulls, as it could already be 3 push up. the breakout was again a head fake, I'm disappointed.

[uempel]

Last post:

[TraderGirl]

Looks like the bias might be to the downside tomorrow. Then Weds we may pop up. But then on Friday, maybe to Monday, the bias is again to the downside...

But, with the new moon on the 22nd, I would not be surprised to see another bounce up into the new moon...

[uempel]

Update...

[jimme]

Staying short overnight. A volume guy at another blog said it's like walking in the rain and not getting wet. Have a good evening and GLTA.jimme

[Mr. BachNut]

No change. Short. Summation index still trending down.
Thought today would be an up day and a step closer to closing this trade, but no. OK by me.
Bigger picture, it is possible we are entering into a range trade or pehaps a coil for awhile.
If so, this trade may just sit here until things start trending.

[Cobra]

well, guess that's it for today. tomorrow FOMC, generally up until the rate announcement, then roller-coaster then who knows. thank you guys, I'll see you tomorrow.