03/16/2011 Intraday Watering

[Cobra]

Well, I was wrong, the market so far refused to drop A SINGLE DAY, EVERY DOWN DAY WAS A V SHAPE REVERSAL DAY!

[millie]

I would have liked futures low from Monday nite/Tuesday morning taken care of before the bounce first tho, like DOWs has ?

[agnosia]

i've noticed on these v-shaped days we always close at the pivot. today's is now /es 1264.50

[zebra]

Look how many V shape reversals we had. This market simply refuse to drop for more than one day, but interestingly, we keep having lower low and lower high. The question is, ARE WE GOING TO HAVE ANOTHER SHARP REVERSAL TODAY?

controlled distribution + Buy the dip ?

[Cobra]

Merely from the chart, this looks like a Pennant or Bear Flag, so should continue down eventually. But, yeah, I'm brainwashed with all those sharp reversal, so I don't know. Another V reversal day? Well, no idea.

[Cobra]

Look how many V shape reversals we had. This market simply refuse to drop for more than one day, but interestingly, we keep having lower low and lower high. The question is, ARE WE GOING TO HAVE ANOTHER SHARP REVERSAL TODAY?

controlled distribution + Buy the dip ?

I think retailers and Fed are buying the dips while institutions are in distribution mode.

[uempel]

Overview:

[Me XMan]

There it goes

Well, I was wrong, the market so far refused to drop A SINGLE DAY, EVERY DOWN DAY WAS A V SHAPE REVERSAL DAY!

[uempel]

VIX exploding out of BB.

A nice long opportunity for the day-trading , i think.

But correct timing and stoploss is crucial here.

Like surfing a tsunami.

Cheers.

Enjoy!

[Cobra]

I'd watch today's low, if cannot breakdown, today would be the very first day since this down leg that bull didn't make a lower low on a down day.

[millie]

sat on hands awaitin those mon/tues fut lows to go first before i consider next move personally. Some great stuff today, thanks all.

[greenback]

China suspends the approval process for all new nuclear power plants until safety standards are 'revised.' The cabinet announcement comes two days after top government officials ruled out any rethink in carrying forward the sector’s recent rapid expansion.

[99er]

SPX
Beep beep.
http://99ercharts.blogspot.com/2011/03/spx_5037.html

[EvilTrader]

VIX exploding out of BB.

A nice long opportunity for the day-trading , i think.

But correct timing and stoploss is crucial here.

Like surfing a tsunami.

Cheers.

Enjoy!

Sold @ 127.2 when SPY stuck at resistance.

[Me XMan]

Looking /ES will drop to 1225 now. Or SPX around 1230 and below.

Condition is getting worse in Japan.

US Energy Chief Says Partial Meltdown Has Occurred At Fukushima, Urges All Us Citizens Within 80 KM To Evacuate

[BullBear52x]

on time, let see what's in for second half.

[Cobra]

So far bear did a good fight today. It was a double top breakdown when I was at lunch, now bulls have all the resistances above. Still 2 hours to go, let's hope this time IS DIFFERENT!

[BullBear52x]

Full moon bottom cycle, it may play out Friday or Monday, we are going sideways from here. I see no signs of reversal on hourly nor daily selling is continue.

[agnosia]

hey cobra i think you will be proud of the bears at the close today my usual counter trend v-shaped reversal signals are not working.

[Me XMan]

Congrats to all da bears

hey cobra i think you will be proud of the bears at the close today my usual counter trend v-shaped reversal signals are not working.