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03/28/2012 Intraday Watering

Re: 03/28/2012 Intraday Watering

Postby tomsky » Wed Mar 28, 2012 10:44 am

Kato wrote:At gap support. It's a big if but if the bears can close Monday's gap it would qualify as an exhaustion gap. We could see some strong selling - emphasis "could"

"could" as every bear dream in a bull market :D
But i don't see a bottom patern yet. Usually by this time the first move from open will be exhausted but now it's only consolidating near the low.
Last edited by tomsky on Wed Mar 28, 2012 10:50 am, edited 3 times in total.
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Re: 03/28/2012 Intraday Watering

Postby Petsamo » Wed Mar 28, 2012 10:47 am

For UNG holders, there's a way out and save face. Trade into a very beat up stock, like JOY. The stock has to have nice fundamentals. You have to identify a bottom before swing trading first.
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Re: 03/28/2012 Intraday Watering

Postby SigmaEcho » Wed Mar 28, 2012 10:48 am

Hi Cobra, yo uhave a target for the drop?
tnx
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Re: 03/28/2012 Intraday Watering

Postby KENA » Wed Mar 28, 2012 10:49 am

FYI.. Stocktiming says Liquidity had a small dn tick yesterday but is still hi..The accelerators are still in up condition for SPY,QQQ,IWM. Mkt will be choppy and Bias for today is mixed..NYSEBP still holding.So hang in there Bulls and Bears and we will see. :D
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Re: 03/28/2012 Intraday Watering

Postby Valance » Wed Mar 28, 2012 10:51 am

Novice here but the market feels like its ready for a plunge. Last few days it just feels weak and if it wasn't for Fed on monday I think we would have seen some heavy down this week.
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Re: 03/28/2012 Intraday Watering

Postby Kato » Wed Mar 28, 2012 10:59 am

Another gap I am watching. Two weeks ago everyone was claiming the end of the 30 year bull market in bonds. I don't think you can call it done yet. TYX is back under the 200dma and IF it can close the gap from 2 weeks ago, there may still be life in the bond bull. Still long ZBU12.

Screen shot 2012-03-28 at 10.55.56 AM.png
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Re: 03/28/2012 Intraday Watering

Postby tomsky » Wed Mar 28, 2012 11:00 am

tomsky wrote:Usually by this time the first move from open will be exhausted but now it's only consolidating near the low.

I'm surprised the bulls are missing. Instead of a strong up move just wanders near low, lower low. Could this be a bear's day?
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Re: 03/28/2012 Intraday Watering

Postby Pharmboy » Wed Mar 28, 2012 11:00 am

CRIS ran yesterday (I noted them before), ZLCS is also up (wrote it up on Saturday on my board).....biotechs are holding strong. SGEN blew through its $20 OH resistance (I have the June $20/25 BCS, selling the $20 or $17.5 puts for a good credit or net 0 trade). YMI is one to start accumulating IMHO.
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 11:01 am

the selling is still sharp, so the rebound if any shall fail.
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Re: 03/28/2012 Intraday Watering

Postby tomsky » Wed Mar 28, 2012 11:01 am

small double bottom. I'm out.
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Re: 03/28/2012 Intraday Watering

Postby Denali92 » Wed Mar 28, 2012 11:05 am

Valance wrote:Novice here but the market feels like its ready for a plunge. Last few days it just feels weak and if it wasn't for Fed on monday I think we would have seen some heavy down this week.



We were definitely set up that way before Bernanke spoke..... alas, psychology has changed.... so he probably did help avert the test of 1370 for this quarter...

BUT, I MUST ADMIT I am looking back at April 2010 as a possible analog as we had a similar reversal candle on 26-Apr-10 followed by an ALL DAY down move....

If so, back then the best strategy was to close the shorts and wait for a rally re-test.... then the FLASH CRASH came.....

-D
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Re: 03/28/2012 Intraday Watering

Postby uempel » Wed Mar 28, 2012 11:06 am

Ahhh, I had some data problems, could not operate one of the screens. I hate it. And then suddenly, without me doing nothing, it's working again :D
Here a long term view which does not support the bullish view...
2.png
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 11:09 am

AAPL holds well. I'm not a bear yet.
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Re: 03/28/2012 Intraday Watering

Postby Kato » Wed Mar 28, 2012 11:11 am

VIX at a key resistance level - middle BB

Screen shot 2012-03-28 at 11.09.25 AM.png
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 11:11 am

should be some support here.
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Re: 03/28/2012 Intraday Watering

Postby Jose » Wed Mar 28, 2012 11:12 am

AAPL 5 minutes, trendline on RSI is broken, they risked it and got a smaller return.

5minAAPL.jpg
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Re: 03/28/2012 Intraday Watering

Postby Petsamo » Wed Mar 28, 2012 11:15 am

long FCX 37.26, 100 shares
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Re: 03/28/2012 Intraday Watering

Postby bushwaffle » Wed Mar 28, 2012 11:20 am

Petsamo wrote:long FCX 37.26, 100 shares


Risky move bro, better keep tight stop, she's confirmed down
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Re: 03/28/2012 Intraday Watering

Postby Jose » Wed Mar 28, 2012 11:21 am

KEiZAi what I talked you about here viewtopic.php?f=2&t=497&p=68565#p68565:

Is just about happening right now:

1heurusd.jpg


Objective is EMA 50 or RSI 55...
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Re: 03/28/2012 Intraday Watering

Postby TraderGirl » Wed Mar 28, 2012 11:27 am

Looks like a triangle forming, we have touched the trend line below before, many times, sitting around 1405..
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