03/23/2011 Intraday Watering

Post by **Cobra** » Wed Mar 23, 2011 1:09 pm

channel and EMA20 could be the pullback target but overall, the price doesn't look bad.

Me XMan · Post by **Me XMan** » Wed Mar 23, 2011 1:13 pm

More important news:

Elizabeth Taylor dead at 79

RIP my girl.

uempel wrote:Knut died unexpectedly at the age of four on the afternoon of 19 March 2011.

http://en.wikipedia.org/wiki/Knut_(polar_bear)

99er · Post by **99er** » Wed Mar 23, 2011 1:13 pm

JJL--
Based solely on the Wolfe Wave target of 12242, I could be bullish on the Nikkei. Everything fundamental indicates otherwise. But note that Shirakawa-san has already spent $385 billion to support this market (more than the estimated $308 billion cost of the earthquake and tsunami) and is likely prepared to print his way to more fiat insanity.

Nikkei Weekly: http://99ercharts.blogspot.com/2011/03/nikkei_7221.html

JJL · Post by **JJL** » Wed Mar 23, 2011 1:19 pm

Thanks 99er, I saw that target of 12242. I thought there was a possiblility it would trace out to 61% (about 9700) and either retest or consilidate, which it sort of has been doing this week. I am more technical than fundamental, so could see some wild chase to 12K.

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 23, 2011 1:20 pm

5 min breakout

KENA · Post by **KENA** » Wed Mar 23, 2011 1:23 pm

Like I said this morning it looks like 1295 may be a new temporary hi. We have failed to break past this several times. So now we test the low. Right now I am bearish.Lets wait and see.

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 23, 2011 1:24 pm

usd flexing it's atrophied sinew

BullBear52x · Post by **BullBear52x** » Wed Mar 23, 2011 1:25 pm

OK, Bulls move over it's bears' turn....FAZ lets rock from here.

BullBear52x · Post by **BullBear52x** » Wed Mar 23, 2011 1:27 pm

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 23, 2011 1:29 pm

BullBear52x wrote:OK, Bulls move over it's bears' turn....FAZ lets rock from here.

Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet

BullBear52x · Post by **BullBear52x** » Wed Mar 23, 2011 1:33 pm

zombiebraingoo wrote:
BullBear52x wrote:OK, Bulls move over it's bears' turn....FAZ lets rock from here.
Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet

I just bet on breaks over 5dma on FAZ will give me some juice.

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 23, 2011 1:34 pm

i smell open pastures..lol

99er · Post by **99er** » Wed Mar 23, 2011 1:35 pm

Gold
Since we're on the subject of precious metals.
http://99ercharts.blogspot.com/2011/03/gold_23.html
Possible IH&S break-out.

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 23, 2011 1:38 pm

99er wrote:Gold
Since we're on the subject of precious metals.
http://99ercharts.blogspot.com/2011/03/gold_23.html
Possible IH&S break-out.

very possible - this is where people should be looking before its too late - the rocket phase of the C wave is leaving and there wont be another spaceship taking off

for a while...

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 23, 2011 1:42 pm

BullBear52x wrote:
zombiebraingoo wrote:
BullBear52x wrote:OK, Bulls move over it's bears' turn....FAZ lets rock from here.
Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet
I just bet on breaks over 5dma on FAZ will give me some juice.

good day trade strat but I dont know if it will play today...

BullBear52x · Post by **BullBear52x** » Wed Mar 23, 2011 1:58 pm

[quote="
Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet[/quote]
I just bet on breaks over 5dma on FAZ will give me some juice.[/quote]

good day trade strat but I dont know if it will play today...[/quote]
Thanks, got to stick with what I know.

BullBear52x · Post by **BullBear52x** » Wed Mar 23, 2011 2:06 pm

Pick up SRS also, That's it. WIn or Lose. back in cash by the end of the day.

Post by **Cobra** » Wed Mar 23, 2011 2:07 pm

Channel. Nothing to say, trend is up, a strong uptrend day because it hasn't touched EMA20 for 2 hours.

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 23, 2011 2:09 pm

usd had a healthy breakfast for a change! lol

Post by **Cobra** » Wed Mar 23, 2011 2:10 pm

Bear case, this could be the retest of the previous high (remember you Earth people always like to try twice?) so SPY may at least retest $130 area.

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03/23/2011 Intraday Watering

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