03/07/2011 Intraday Watering

[Cobra]

The bigger picture still not bad, no lower low yet.

[BullBear52x]

The bigger picture still not bad, no lower low yet.

Thanks Cobra, support on last Friday QQQQ is piercing that now, SPY and DIA is still holding up well. agreed with you no dip buyers here, not seeing any yet.

[cletus]

easy money on the short side of this clearly down trending market

[99er]

COMP
Looks to be heading towards that lower boundary of a long-standing rising channel.
http://99ercharts.blogspot.com/2011/03/comp.html
Where's Ben?

[Me XMan]

Don't fight Helicopter Ben. Watch for QE3 announcement IMO.

easy money on the short side of this clearly down trending market

[Dow Trader]

dow trader, I ams till holding my short since friday.
As for Euro, timing is critical. Take a look at this, and when it gets to the 'sweet zone', I'll short.

http://www.screencast.com/users/Balance ... c9c9485444

thanks, for your chart and insights..
I trade Dow and EUR futures for long time (more than 10 years) they are like my baby
it is time for them for scalping until the rollover days or OE then a new train will arrive and take us to wherever the dealers want.
for now, 1.3985 is a must target and I will hold until my target hit ( it went one hour ago near my target but bounced some)
I wish you and all here good luck trading ( remeber, in range market there are many lessons, one of them try to read dealers mind )

[Me XMan]

Pull UP! Pull UP! Captain!!
Hit that TURBO button!

[Cobra]

Intial support is at Friday's low, we're not far.

[simpletrader]

Intial support is at Friday's low, we're not far.

will this hold?

[BullBear52x]

lets buy here folks, I know uncle Ben is still at work.

[Me XMan]

Yes Uncle Ben is working.

The Fed buys $6.61B in Treasurys maturing 2013-2015, of $29.605B submitted by dealers. The biggest single CUSIP ($1.63B) was a three-year bond freshly issued in January. Bonds have shed losses from earlier: the 10-year yield +0.01 to 3.5%; 5-year -0.01 to 2.175%.

lets buy here folks, I know uncle Ben is still at work.

[Me XMan]

BTW this should goose market up a few hundred points.

Obama Says Nato Considering Military Options Against Libya

[BullBear52x]

SPY long stop lost @131.55.

come on Uncle don't let me down. nerviously going long now.

[Fritz Baxter]

Yes Uncle Ben is working.

The Fed buys $6.61B in Treasurys maturing 2013-2015, of $29.605B submitted by dealers. The biggest single CUSIP ($1.63B) was a three-year bond freshly issued in January. Bonds have shed losses from earlier: the 10-year yield +0.01 to 3.5%; 5-year -0.01 to 2.175%.

lets buy here folks, I know uncle Ben is still at work.

Ben is working allright....Someone stepped all over the Q's ask to the tune of three million shares at 11:18. Response has been underwhelming so far.

[BullBear52x]

Wow! bye longs.

[Dow Trader]

I am out of my shorts EUR, target hit 1.3985 ( 40 points ) ... with Dow shorts closed also earleir,.. I am done trading for today..
good luck 4 all

[Cobra]

Trend line support. Now we're at heavy support area. The market consolidated a lot in the previous 2 times, therefore a good support area.

[BullBear52x]

I am out of my shorts EUR, target hit 1.3985 ( 40 points ) ... with Dow shorts closed also earleir,.. I am done trading for today..
good luck 4 all

good job, I don't know why I am still here, got my targe earlier also. don"t want to miss a big break down I guess...

[Fritz Baxter]

VXX doing a moonshot, for now, on decent volume.
Some serious fear starting to show up.
But Mondays are always "green" right?

[maldini]

Seems bottom for today is not in yet, thought not far