03/11/2011 Intraday Watering

[uempel]

Fjoe, the Fibs I mentioned were wrong, the Fib scale had moved and I had not noticed it. Here again with the correct Fibs:

http://stockcharts.com/h-sc/ui?s=SPY&p= ... &listNum=2

Take profit here and Buy a pull back at 130.18?

It's so tricky to predict small movements. I sold at 130.70 and I'm out of the market now. But on the daily I see that today's low might be more significant than I first thought. SPY might try to break back into the diamond...

[BullBear52x]

BKX very strong support at 52 - I pointed out 52 a couple of days ago as a line in the sand that should hold for the bulls...I wouldn't short this with
warren buffets money!

Granted - IF it breaks then it measures to 49 but then we enter serverly oversold conditions...

You seems to mentioned aroon, will you buy it here on aroon down this high? just curious.

[zombiebraingoo]

SLV rally HUGE!

right off the retest at very firm support - very bad for USD! Good for general market - again, shorts beware...

[uempel]

My market (the UK), now closed.
As so often happens, as soon as we close at 4.35pm (GMT), the DOW and SPX move upwards.
Strange eh ?

Ask your broker if he can offer you CME products online.

[99er]

/ES
A close-up of the successful back test.
http://99ercharts.blogspot.com/2011/03/es_9347.html

[zombiebraingoo]

BKX very strong support at 52 - I pointed out 52 a couple of days ago as a line in the sand that should hold for the bulls...I wouldn't short this with
warren buffets money!

Granted - IF it breaks then it measures to 49 but then we enter serverly oversold conditions...

You seems to mentioned aroon, will you buy it here on aroon down this high? just curious.

I wont touch BKX - too volitile for me. I use it as an indicator only. I'm still long equities and PM's, Basic Materials...

I'm down 2% over all from the highs and I am not one that expects this to break again even to moderate targets like the 1270 that's being discussed on blogs.

I expect this to bounce very soon (as long as we can get back above some of the resistences like 1303 on spx).

My indicators are damaged but not broken - got a couple of sell signals but not enough follow through on ema's, aroon and adx to get me to change positions - especially with USD back below hard resistance at 77 and the metals rallying.

[BullBear52x]

BKX very strong support at 52 - I pointed out 52 a couple of days ago as a line in the sand that should hold for the bulls...I wouldn't short this with
warren buffets money!

Granted - IF it breaks then it measures to 49 but then we enter serverly oversold conditions...

You seems to mentioned aroon, will you buy it here on aroon down this high? just curious.

I wont touch BKX - too volitile for me. I use it as an indicator only. I'm still long equities and PM's, Basic Materials...

I'm down 2% over all from the highs and I am not one that expects this to break again even to moderate targets like the 1270 that's being discussed on blogs.

I expect this to bounce very soon (as long as we can get back above some of the resistences like 1303 on spx).

My indicators are damaged but not broken - got a couple of sell signals but not enough follow through on ema's, aroon and adx to get me to change positions - especially with USD back below hard resistance at 77 and the metals rallying.

Got you, Thanks, I used to follow aroon back in my early days, it's still a nice trend confirmation indicator so as aroon oscillator.

[BullBear52x]

buy point is close, watching RSI to confirm my buy entry.

[cletus]

They might carve out a bear flag that works its way higher today and Monday and terminates around 131.20. I don't know if they have the firepower to push it there today, but in any case, it would be a decent area to reload on puts assuming the vix is still above the bollinger band midline. If NYMO is pointing up after today it raises some questions in my mind about whether next weekend will be a cycle low. I sort of expect it to be but there's a chance they rip the VIX during OPEX, since the Fed is more aggressive at pumping money in during OPEX to hurt bears (most of the time).

[zombiebraingoo]

buy point is close, watching RSI to confirm my buy entry.

BullBear - I found this picture of you on the web!

[BullBear52x]

buy point is close, watching RSI to confirm my buy entry.

BullBear - I found this picture of you on the web!

Thanks, what a good looking guy I am.

[stocksage]

Zoombie, you mention if we go down we will be severely oversold. Not buying that thinking at all. The weekly and monthly are still severely overbought. This market can easily fall to the 200dma in a few days. We have been overbought for so long it has brainwashed many.

[BullBear52x]

Need some volume bad here. or today's high will be sold if we ran up with this type of volume.

[uempel]

SPX minute chart looks bullish, but a) there are one or two H&S baselines just above and b) whatever happens over the weekend could lead to an oil spike and c) the daily chart looks bearish...

[zombiebraingoo]

buy point is close, watching RSI to confirm my buy entry.

BullBear - I found this picture of you on the web!

Thanks, what a good looking guy I am.

to be sure! best of both worlds

[zombiebraingoo]

HUI is up over 2% now

Bulls need at close:

Nasdaq over 2715
SPX over 1303
DOW over 12100
RUT over 802
NDX over 2305 (?)

DOW is weakest link here I think.

[Me XMan]

QE3 coming? If that's true then expect SPX to hit 1500.

Gold And Silver Surge On QE3 Expectation Rerack

SLV rally HUGE!

right off the retest at very firm support - very bad for USD! Good for general market - again, shorts beware...

[tradersu]

ES stuck @ 38.2 fib. Looks like a good point to short...

[BullBear52x]

SPX1minute113.png

SPX minute chart looks bullish, but a) there are one or two H&S baselines just above and b) whatever happens over the weekend could lead to an oil spike and c) the daily chart looks bearish...

I think most of professtional technicians are on the same pace that today's low is "The Low" that Bulls must protect. No position is a position to me. let see what's in the store by end of day today. Thanks for the charts, Nice.

[Cobra]

Hi, guys, I'm back. I see a nice trend line here and pullback to OR high and held, not bad so far.