03/01/2011 Intraday Watering

[99er]

10Y Note
Bonds, Ben. Bonds.
http://99ercharts.blogspot.com/2011/03/10y.html
It's your mandate.

[mtljaysfan]

Cobra laoda, or any other laoda willing to enlight me, did you see anything that hinted the selloff, before it actually happened

[Cobra]

Every time there's a 2nd try, there's a chance to be bottomed, so let's watch here closely. So far I don't see any bottoming evidences...

[Cobra]

Cobra laoda, or any other laoda willing to enlight me, did you see anything that hinted the selloff, before it actually happened

Yes, didn't I say could be 3 push up pattern therefore a potential reversal?

[KENA]

Second try to break 1320. Wait and see.

[99er]

"Until we see a sustained period of job creation, we cannot consider the recovery to be truly established," Bernanke said...

What about the "green shoots"?

[99er]

SPX
Did someone ask about "green shoots"?
http://99ercharts.blogspot.com/2011/03/spx_01.html
Bozo Ben.

[Cobra]

Don't buy dip. A strong pullback like this could have another small leg down after the rebound.

[zebra]

"Until we see a sustained period of job creation, we cannot consider the recovery to be truly established," Bernanke said...

What about the "green shoots"?

Ben:" didn't we grow enough "green shoots" in the SPX already?"

[BullBear52x]

having tea and listen to "80 soft rocks, lots of green shoot in my short ETFs.

[99er]

VIX
Oh looky here...green shoots!
http://99ercharts.blogspot.com/2011/03/vix.html

[DaWay]

Cobra laoda, or any other laoda willing to enlight me, did you see anything that hinted the selloff, before it actually happened

That 2:40AM PST rejection of giving 'free out of jail' card to those late bulls (no idea how many still hanging in) did give me a heads up that the overnight ramp up might have been just hot air bluffing.

[zombiebraingoo]

IAU (gold) is right at resistance...a breakout here would be very interesting since it's been lagging silver.

SLW is going to 46.50 and then on a breakout of that 50 before a pullback methinks.

[90ufo]

today SPY, AAPL etc is bearish engulfing bar. If today SPY failed to close > 20SMA, I think more trouble for bulls.

[mtljaysfan]

Cobra laoda, or any other laoda willing to enlight me, did you see anything that hinted the selloff, before it actually happened

Yes, didn't I say could be 3 push up pattern therefore a potential reversal?

Thanks, I apppreciate it

[zombiebraingoo]

gold is likely to breakout and join the party - 1431 is the number...

[Cobra]

Could be a rebound of some kind here. Watch 132.20, if rebound above it, then this is just a pullback, nothing serious.

[wave]

Maybe today is the lower high since 02/22 and then we will see a lower low.

[Cobra]

Maybe today is the lower high since 02/22 and then we will see a lower low.

Too early to tell. The daily chart doesn't look good assuming we close right here - a Bearish Engulfing could have formed.

[BullBear52x]

buyers coming in but Vix above 19 still lots of fears out there.