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03/24/2011 Intraday Watering

03/24/2011 Intraday Watering

Postby Cobra » Thu Mar 24, 2011 9:01 am

Gap up above yesterday's high so there's a chance the gap won't be filled. As mentioned in yesterday's market recap, we need see huge up today or tomorrow to firm the bull cases.

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A little warning here, OEX put call ratio surge, something is going on, so bulls don't get too excited, fighting is still on.

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Institutional actions from stocktiming.

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Re: 03/24/2011 Intraday Watering

Postby chickencoop » Thu Mar 24, 2011 9:05 am

gm
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Re: 03/24/2011 Intraday Watering

Postby cletus » Thu Mar 24, 2011 9:06 am

Great analysis, Cobra. Bears need a reversal TODAY in order to have any hope at all. I'm not convinced the trend is up yet but on the other hand, the VIX and bonds are sort of confirming the bullish case. The last 5 days of the month are generally bearish, plus there's a major turn next weekend (April 3rd), therefore, this is really the last stand for the bears, truly.
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Re: 03/24/2011 Intraday Watering

Postby 99er » Thu Mar 24, 2011 9:17 am

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Re: 03/24/2011 Intraday Watering

Postby 99er » Thu Mar 24, 2011 9:19 am

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Re: 03/24/2011 Intraday Watering

Postby 99er » Thu Mar 24, 2011 9:22 am

Nikkei Futures
And of course there are still no problems in Japan.
http://99ercharts.blogspot.com/2011/03/nikkei_24.html
Good luck.
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Re: 03/24/2011 Intraday Watering

Postby Cobra » Thu Mar 24, 2011 9:31 am

The open. I guess the gap may get filled first.
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Re: 03/24/2011 Intraday Watering

Postby BullBear52x » Thu Mar 24, 2011 9:32 am

GM, will be a big tugowar. down trend still attatched.
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Re: 03/24/2011 Intraday Watering

Postby Cobra » Thu Mar 24, 2011 9:34 am

bigger picture, stalled at Fib 61.8. Bear still has hopes.
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Re: 03/24/2011 Intraday Watering

Postby BullBear52x » Thu Mar 24, 2011 9:36 am

Got to stick to the basic, get too cute lately. Sell sell sell.
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Re: 03/24/2011 Intraday Watering

Postby cletus » Thu Mar 24, 2011 9:38 am

financials are weak so far today, not great
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Re: 03/24/2011 Intraday Watering

Postby 99er » Thu Mar 24, 2011 9:39 am

SPX
Not too keen on EW but here's a count.
http://99ercharts.blogspot.com/2011/03/spx_24.html
Bearish, eh?
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Re: 03/24/2011 Intraday Watering

Postby BullBear52x » Thu Mar 24, 2011 9:40 am

FAZ and SRS got to move today.
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Re: 03/24/2011 Intraday Watering

Postby Cobra » Thu Mar 24, 2011 9:41 am

support
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Re: 03/24/2011 Intraday Watering

Postby agnosia » Thu Mar 24, 2011 9:42 am

we might reverse here at /es 1296, yesterday's high
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Re: 03/24/2011 Intraday Watering

Postby BullBear52x » Thu Mar 24, 2011 9:42 am

TZA shows some life too, 10 pennies more will be a BUY to me.
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Re: 03/24/2011 Intraday Watering

Postby agnosia » Thu Mar 24, 2011 9:48 am

went long /es 1296.25 , stop 1295
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Re: 03/24/2011 Intraday Watering

Postby cletus » Thu Mar 24, 2011 9:50 am

back to 50% short near the open, very bearish alignment here until further notice, financials and reits are tanking
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Re: 03/24/2011 Intraday Watering

Postby BullBear52x » Thu Mar 24, 2011 9:53 am

/ES 192.58 next stop
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Re: 03/24/2011 Intraday Watering

Postby Cobra » Thu Mar 24, 2011 9:57 am

This kind of black bar looks familiar. Will the 3rd time be different?
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