03/21/2011 Intraday Watering

[jasmine]

hey cobra - trin is not a great indicator anymore since most of the volume comes from the top 10 stocks which happen to be financials. if u take a look at c and bac there is heavy institutional selling and they make up a big part of TRIN

there is still selling pressure but since most of that volume is concentrated in only a few stocks it doesn't give an accurate view of the overall market..

for the financial stocks, like C& BAC, why do you think that is selling,but not buying?

[tradersu]

DX didn't find support. So most likely we are going higher. May be ES 1302

Uncle ben has turned hot-air balloon burner (DX) down and started it again; this should take balloon (SPX) higher. But be ready for a nice fall after burner is turned off.

[BullBear52x]

Magic market time.

[jamesmith]

DX didn't find support. So most likely we are going higher. May be ES 1302

Uncle ben has turned hot-air balloon burner (DX) down and started it again; this should take balloon (SPX) higher. But be ready for a nice fall after burner is turned off.

Uncle Ben, Perfect Every Time~~ Trusted for Over Fifty Years~~

http://thebsreport.files.wordpress.com/ ... le_ben.jpg

[jamesmith]

URA...ETF for uranium, dropped after China halt nuclear plant program. China's planned nuclear programs account for 40% of world total use of uranium.

[tradersu]

URA...ETF for uranium, dropped after China halt nuclear plant program.

What happened to COPPER? Copper lease SPX ; so we'll drop nice within a week.

http://tradersu.homelinux.com/charts/FutDynaEoD.html (SPX, COPPER, DX, RUT)

I'm not liking RUT for my watchlist; what should I replace it with?

[agnosia]

for the financial stocks, like C& BAC, why do you think that is selling,but not buying?

good question, but i have no idea bac just went green though. if i had to guess, they are gonna use these financials to squeeze the market in the coming days.

[BullBear52x]

URA...ETF for uranium, dropped after China halt nuclear plant program.

What happened to COPPER? Copper lease SPX ; so we'll drop nice within a week.

http://tradersu.homelinux.com/charts/FutDynaEoD.html (SPX, COPPER, DX, RUT)

I'm not liking RUT for my watchlist; what should I replace it with?

Market may trying to open higher tomorrow, then we will have nice Tueday turn day. not that I will heavily short over night but I will have some in participation of unexpected bad news if any such thing as bad news.

[zombiebraingoo]

1297.50

[BullBear52x]

I never thunk that Dow? the weakest link today?

[zombiebraingoo]

I never thunk that Dow? the weakest link today?

IMO dow at 12000 or below at close is bearish

[99er]

SPX
Boring day? Okay, then...let's fill some gaps.
http://99ercharts.blogspot.com/2011/03/spx_8534.html

[BullBear52x]

I never thunk that Dow? the weakest link today?

IMO dow at 12000 or below at close is bearish

Dead on middle BB 1h.

[zombiebraingoo]

a fail at support here would mean we are going to the 1225-40 area...

[uempel]

Weekly BB13,1 with WMA 9, check resistance:

[Cobra]

Well, the good news is bulls hold better and better, so another 15 points gap up tomorrow, the arrow will point upward finally.

[maldini]

Well, the good news is bulls hold better and better, so another 15 points gap up tomorrow, the arrow will point upward finally.

:mrgreen:

[zombiebraingoo]

downside break...move into the gap up from this morning

[BullBear52x]

I sweared, I thought my VIX indexes will have a turn signal to day or tomorrow, and I was looking for a good buy stock, but well,,,,,,Short the rally is continue stronger than ever. VIX is now back to a high 20ish but I preffered 21+ or 22. let wait and see, tight stop still a mandatory here.

[Cobra]

Another 15 points SPX gap up tomorrow?