04/04/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Mon Apr 04, 2011 2:09 pm

cletus wrote:Very poor volume in FAZ, yet it goes up. Bearish for the markets. high volume in FAZ is good news for the market (short ETFs work opposite in that high volume means market capitulation)

atleast you are on the right side, that's my side

KENA · Post by **KENA** » Mon Apr 04, 2011 2:14 pm

Me XMan wrote:Just got done swimming 3/4 miles and running 6 miles after.

uempel wrote:
KENA wrote:Slow day today..I think I am going to start my workout early today.I will feel better when I get done.
Me too, bye guys.

Good to see you guys workout also. I see I did not miss much although I do check it out a couple of times during the workout.Now leys see if we can get this Mkt going.Either direction.

Post by **Cobra** » Mon Apr 04, 2011 2:14 pm

overnight support here. By the way, nobody seems care about oil.If we want to retire earlier, stock has to rise, but oil has to be down sharply to, say $40 a barrel. I'm sure YES WE CAN could do that.

BullBear52x · Post by **BullBear52x** » Mon Apr 04, 2011 2:25 pm

Cobra wrote:overnight support here. By the way, nobody seems care about oil.If we want to retire earlier, stock has to rise, but oil has to be down sharply to, say $40 a barrel. I'm sure YES WE CAN could do that.

Yes, want to see that reversal candle today, will be nice if bears can take out Friday low for a change.

Post by **Cobra** » Mon Apr 04, 2011 2:25 pm

BullBear52x wrote:
Cobra wrote:overnight support here. By the way, nobody seems care about oil.If we want to retire earlier, stock has to rise, but oil has to be down sharply to, say $40 a barrel. I'm sure YES WE CAN could do that.
Yes, want to see that reversal candle today, will be nice if bears can take out Friday low for a change.

so far the action today is not bad for bulls.

StrikePrice · Post by **StrikePrice** » Mon Apr 04, 2011 2:35 pm

FYI...I've been studying DeMark Indicators...not sure if anyone uses or cares but...

SPY - TD SEQUENTIAL

TD SELL SETUP completed 3/31/2011.

TD SELL COUNTDOWN is in progress with today being BAR 2 of 13 if CLOSE >= HIGH 2 days earlier. (132.96)
- Only count bars that match the above criteria.
- Cancel on Bearish Price Flip (CLOSE > CLOSE 4 BARS earlier, followed by, CLOSE < CLOSE 4 BARS earlier.

I'm not being bearish until the SELL COUNTDOWN completes or is canceled.

BullBear52x · Post by **BullBear52x** » Mon Apr 04, 2011 2:38 pm

Bulls is still in the game that's for sure. only now that key resistance short term is clearly mark on the wall. ( Blue circle)

Me XMan · Post by **Me XMan** » Mon Apr 04, 2011 2:39 pm

It's good you're looking chart for direction. I like charts too but looking at who's doing all the pumping and it's the Fed and if they stop their QE program, market will definitely get a rout. CSCO and INTC insiders are bailing like no tomorrow.

Cobra wrote:support is clear on this chart. Not much to say, a small red only good for bulls. Bears must show strength to convince me on their side.

Fritz Baxter · Post by **Fritz Baxter** » Mon Apr 04, 2011 2:45 pm

Cobra wrote:overnight support here. By the way, nobody seems care about oil.If we want to retire earlier, stock has to rise, but oil has to be down sharply to, say $40 a barrel. I'm sure YES WE CAN could do that.

Cobra, last time oil plunged, in 2008, the market went down with it.

Post by **Cobra** » Mon Apr 04, 2011 2:50 pm

Fritz Baxter wrote:
Cobra wrote:overnight support here. By the way, nobody seems care about oil.If we want to retire earlier, stock has to rise, but oil has to be down sharply to, say $40 a barrel. I'm sure YES WE CAN could do that.
Cobra, last time oil plunged, in 2008, the market went down with it.

Well, then in order for us to retire earlier, we need $200 oil.

alvian33 · Post by **alvian33** » Mon Apr 04, 2011 2:55 pm

Cobra your evil plan still intact or you think the downside is limited?

simpletrader · Post by **simpletrader** » Mon Apr 04, 2011 2:58 pm

Cobra wrote:
Fritz Baxter wrote:
Cobra wrote:overnight support here. By the way, nobody seems care about oil.If we want to retire earlier, stock has to rise, but oil has to be down sharply to, say $40 a barrel. I'm sure YES WE CAN could do that.
Cobra, last time oil plunged, in 2008, the market went down with it.
Well, then in order for us to retire earlier, we need $200 oil.

$200 oil, it is coming.

Post by **Cobra** » Mon Apr 04, 2011 3:00 pm

alvian33 wrote:Cobra your evil plan still intact or you think the downside is limited?

My evil plan consists of 2 steps: 1st, test the Friday's high, 2nd, 2 legged pullback. Now I think even the 1st step hasn't done yet.

Post by **Cobra** » Mon Apr 04, 2011 3:02 pm

simpletrader wrote: $200 oil, it is coming.

I'm thinking of buying a bigger container, perhaps dig a pool to store oil. I need a barn to store food as well. Hmm, need a dog and a cat to watch the barn for me.

BullBear52x · Post by **BullBear52x** » Mon Apr 04, 2011 3:03 pm

Me XMan wrote:It's good you're looking chart for direction. I like charts too but looking at who's doing all the pumping and it's the Fed and if they stop their QE program, market will definitely get a rout. CSCO and INTC insiders are bailing like no tomorrow.

Cobra wrote:support is clear on this chart. Not much to say, a small red only good for bulls. Bears must show strength to convince me on their side.

Funny you bring up CEO bailing out, I think those guys look at chart like any of us since it's illegal to trade on insider info.

black out window, option expiration date, wahhwawhhhhhahaah....

Post by **Cobra** » Mon Apr 04, 2011 3:08 pm

This looks like b breakdown then kiss the breakdown point goodbye, but bears need show strength here, otherwise it's still good for bulls.

Post by **Cobra** » Mon Apr 04, 2011 3:12 pm

Pink and green seem bull friendly.

jamesmith · Post by **jamesmith** » Mon Apr 04, 2011 3:16 pm

Cobra wrote:
simpletrader wrote: $200 oil, it is coming.
I'm thinking of buying a bigger container, perhaps dig a pool to store oil. I need a barn to store food as well. Hmm, need a dog and a cat to watch the barn for me. :roll:

I...I want to move to Mars :roll:

simpletrader · Post by **simpletrader** » Mon Apr 04, 2011 3:19 pm

Cobra wrote:
simpletrader wrote: $200 oil, it is coming.
I'm thinking of buying a bigger container, perhaps dig a pool to store oil. I need a barn to store food as well. Hmm, need a dog and a cat to watch the barn for me.

need a gun to guard the dog

jamesmith · Post by **jamesmith** » Mon Apr 04, 2011 3:24 pm

simpletrader wrote:
Cobra wrote:
simpletrader wrote: $200 oil, it is coming.
I'm thinking of buying a bigger container, perhaps dig a pool to store oil. I need a barn to store food as well. Hmm, need a dog and a cat to watch the barn for me. :roll:
need a gun to guard the dog

need to locker to lock the gun...

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04/04/2011 Intraday Watering

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