03/30/2011 Intraday Watering

chickencoop · Post by **chickencoop** » Wed Mar 30, 2011 2:34 pm

Me XMan wrote:Still got my SDS and want to see how it closes today.

simpletrader wrote:
uempel wrote:Bye guys, I'm off for today (and I have not yet covered my shorts).
what is your entry point for short?

same here.

Post by **Cobra** » Wed Mar 30, 2011 2:34 pm

simpletrader wrote:
uempel wrote:Bye guys, I'm off for today (and I have not yet covered my shorts).
what is your entry point for short?

See his chart before, I think he stated the entry point clearly.

Tabby · Post by **Tabby** » Wed Mar 30, 2011 2:34 pm

Any thoughts on $RUT?

MIB · Post by **MIB** » Wed Mar 30, 2011 2:38 pm

[/quote]"BullBear52x"]IWM and TRAN is flat top like intraday, I think the highs are in on them.[/quote]
Agreed re: IWM, it appears to be very likely that it will have a decent pullback from here.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 2:40 pm

Tabby wrote:Any thoughts on $RUT?

A little more to go to max out.

KENA · Post by **KENA** » Wed Mar 30, 2011 2:43 pm

The SPX and COMP are over bought. The RSI and STO are at a high point and are rounding the tops for a decline. I don't think the mkt will go much higher and we have Cobra's Bearish last 2 days coming up.

Tabby · Post by **Tabby** » Wed Mar 30, 2011 2:46 pm

Thanks Bullbear.
Back in 10/12/2007, the highest it is ever been 852.06. My charts only go to 2007. I think it is time for slight pull back, not in TZA yet.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 2:46 pm

MA on TRAN is turning now. and Vix is crepping up

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 2:48 pm

Tabby wrote:Thanks Bullbear.
Back in 10/12/2007, the highest it is ever been 852.06. My charts only go to 2007. I think it is time for slight pull back, not in TZA yet.

I trade TZA also, I will post when I get in.

Post by **Cobra** » Wed Mar 30, 2011 2:54 pm

Some support here, breakdown would mean the 30 min OR high will get tested.

Tabby · Post by **Tabby** » Wed Mar 30, 2011 2:56 pm

Thanks alot. Do you trade TQQQ/SQQQ? Not much volume but they are 3x, (not direxion etfs/inverse etfs). I heard shorting SQQQ when market going up much much easier!!!!!!!!!!

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 2:58 pm

Tabby wrote:Thanks alot. Do you trade TQQQ/SQQQ? Not much volume but they are 3x, (not direxion etfs/inverse etfs). I heard shorting SQQQ when market going up much much easier!!!!!!!!!!

No

zombiebraingoo · Post by **zombiebraingoo** » Wed Mar 30, 2011 3:10 pm

Tabby wrote:Any thoughts on $RUT?

leading the way to higher highs...June or july

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 3:10 pm

Can we say LL can be identified now SPY here

99er · Post by **99er** » Wed Mar 30, 2011 3:13 pm

/ES
Update.
http://99ercharts.blogspot.com/2011/03/es_4161.html

Post by **Cobra** » Wed Mar 30, 2011 3:23 pm

My guess is a push up before the close to scare all the bears.

Tabby · Post by **Tabby** » Wed Mar 30, 2011 3:23 pm

Thanks Zombie,
I am thinking for short term period.

Post by **Cobra** » Wed Mar 30, 2011 3:29 pm

Hmm, seems a little Descending Triangle here?

Me XMan · Post by **Me XMan** » Wed Mar 30, 2011 3:30 pm

Counting on they're done jamming for EOM statements and then crapping out.

Cobra wrote:My guess is a push up before the close to scare all the bears.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 3:32 pm

Cobra wrote:My guess is a push up before the close to scare all the bears.

All I am telling myself is don't do anything stupid, any position longs or shorts at this jucture is especially small on my account. no sell signals on my system. Not yet. well I am always late to the party

Cobra's Market View

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03/30/2011 Intraday Watering

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