03/14/2011 Intraday Watering

[zombiebraingoo]

I smell a stick save comin on

[Cobra]

good, it's a good H2 long. Now we need see how the previous high being tested...

[zombiebraingoo]

man it's getting to be a bear to be bullish!

uempel is bullish now. I don't see big bear here anymore?

Just joking Cobra -

[zombiebraingoo]

vix will definitely close into the gap on the 5 min though

[uempel]

man it's getting to be a bear to be bullish!

uempel is bullish now. I don't see big bear here anymore?

No, no. I'm bullish above MA 55, which is now at 1298.44.

[zombiebraingoo]

vix does not want to give up!

there it goes...there it went and...what the heck = tug o war

[Cobra]

Every time, the retest of the previous low, especially the 3rd push, we'd be careful. I'm not saying reversal here, but certainly is something I'd be watching.

[Dow Trader]

Finally Oil responded to the news " Saudi army entered Bahrain"

[KENA]

Welllll Umpel.... I will be a little more bullish at 1300 but I think I will be waiting for 1303/1305

[Cobra]

Finally Oil responded to the news " Saudi army entered Bahrain"

SAUDI ARMY? what's going on?

[JJL]

See: http://www.stratfor.com/

They were the first to report it by hours.

[KENA]

See: http://www.stratfor.com/

They were the first to report it by hours.

They now have tanks rolling down the street.

[zombiebraingoo]

STICK SAVE!

?

my prediction lives! OR NOT!

[greenback]

Seems that the divergence of RSI and price on the 15m chart works again intraday ...

[Dow Trader]

Finally Oil responded to the news " Saudi army entered Bahrain"

SAUDI ARMY? what's going on?

yes, the government of Bahrain asked the Gulf countries for help .. the story still development .. this must push Oil up but I don't know by how much, it depends on the reaction of Bahrain people to this action

[Cobra]

Seems that the divergence of RSI and price on the 15m chart works again intraday ...

Be careful, in strong trend day, divergence won't work. The problem is: it's hard to tell a strong trend day until very later. SO AGAIN DON'T TRADE SIMPLE BASED ON DIVERGENCE. REMEMBER THAT!

[thelefteyeguy]

Gandalf is standing at 130....*YOU CANNOT PASS*

[greenback]

Seems that the divergence of RSI and price on the 15m chart works again intraday ...

Be careful, in strong trend day, divergence won't work. The problem is: it's hard to tell a strong trend day until very later. SO AGAIN DON'T TRADE SIMPLE BASED ON DIVERGENCE. REMEMBER THAT!

Thanks! How about after three-leg pushes, either up or down?

[zombiebraingoo]

datadadaaaaaa - STICK SAVE!

[Cobra]

Seems that the divergence of RSI and price on the 15m chart works again intraday ...

Be careful, in strong trend day, divergence won't work. The problem is: it's hard to tell a strong trend day until very later. SO AGAIN DON'T TRADE SIMPLE BASED ON DIVERGENCE. REMEMBER THAT!

Thanks! How about after three-leg pushes, either up or down?

No idea, will have to wait until tomorrow. I'll say a gap up open and consolidate to FOMC, then it's everybody's guess. The focus is QE3. And what will happen after QE3 being announced is very hard to say if you've noticed that US$ didn't rise like before when the world is in chaos.