03/25/2011 Intraday Watering

[BullBear52x]

FIB extensions

[90ufo]

This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minutes the market doesn't shoot up huge of course.

how do you count the down days vs up days during 2010-Feb bottom?

[Cobra]

This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minutes the market doesn't shoot up huge of course.

how do you count the down days vs up days during 2010-Feb bottom?

That's one exception. Nothing works 100%.

[BullBear52x]

Magic market time

[ActiveTrader]

This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minute s the market doesn't shoot up huge of course.

I would agree in a "normal" market, but we have not had a normal market in at least 2 years. Just buy the dip.

[Cobra]

This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minute s the market doesn't shoot up huge of course.

I would agree in a "normal" market, but we have not had a normal market in at least 2 years. Just buy the dip.

I am buying dips. But I still find hard to believe that we won't test 03/16 lows first especially because of the bad seasonality the next week.

[Cobra]

another possibility is that 04/08 - 04/13 time windows is THE TOP. If so, we'll keep rising until around 04/08 then we're doomed after that.

[Tabby]

Cobra,
earning report usually starts with AA which is going to be on April 11.

[Cobra]

Cobra,
earning report usually starts with AA which is going to be on April 10.

Anyhow, the 04/08 to 04/13 time window is perhaps the most important time window this year.

[BullBear52x]

There's life in FAZ, Hourly under mid BB not good, daily under 5dma not good.

[RedCedar]

This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minute s the market doesn't shoot up huge of course.

I would agree in a "normal" market, but we have not had a normal market in at least 2 years. Just buy the dip.

I am buying dips. But I still find hard to believe that we won't test 03/16 lows first especially because of the bad seasonality the next week.

Thanks Cobra, I believe it with you on this.

[BullBear52x]

TZA got beat down so much, now clawing back a little, same as FAZ still too weak.

[Cobra]

If we keep pullback the next Monday then everything goes as I planned , I'll then expect another try on the upside then at least a 2 legged pullbacks. My plan is still buy the very first dip. (By the way, as most of you could have noticed, I have no problem in chasing high, so a huge gap up the next Monday? Sure, I'll buy the OR breakout, no problem)

[jamesmith]

If we keep pullback the next Monday then everything goes as I planned :mrgreen: , I'll then expect another try on the upside then at least a 2 legged pullbacks. My plan is still buy the very first dip. (By the way, as most of you could have noticed, I have no problem in chasing high, so a huge gap up the next Monday? Sure, I'll buy the OR breakout, no problem)

i like laoda's evil Martian plan :twisted:

[cletus]

Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL

[BullBear52x]

Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL

I see little fears on 1h MACD, No worry, no one buy puts to protect themselves.

[Cobra]

Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL

Assume we close here with no miracle huge down, then this weekend, I'll show you guys another weapon explaining why I still expect that 03/16 lows will be tested, at least my evil plan would work the next week - i.e. a 2 legged pullback at least. I don't want to show you charts now so that you guys would come to read my weekend report. Yet, that's right, it has something to do with VIX. The cases are not lots so again may not mean anything and as you all know, those days, all bulls need are imagination, nothing more, so I could be very very very very (insert 100 very here) wrong.

[99er]

SPX
Wolfe Wave target around 1280.
http://99ercharts.blogspot.com/2011/03/spx_5420.html
Have a nice weekend, folks!

[amalgamator]

Crude oil next week and in April is going to be key.

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[BullBear52x]

Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL

Assume we close here with no miracle huge down, then this weekend, I'll show you guys another weapon explaining why I still expect that 03/16 lows will be tested, at least my evil plan would work the next week - i.e. a 2 legged pullback at least. I don't want to show you charts now so that you guys would come to read my weekend report. Yet, that's right, it has something to do with VIX. The cases are not lots so again may not mean anything and as you all know, those days, all bulls need are imagination, nothing more, so I could be very very very very (insert 100 very here) wrong.

I've been waiting for this secret weapon, can't wait.