03/29/2011 Intraday Watering

[Cobra]

The next resistance.

[99er]

EURUSD
Target 1.368.
http://99ercharts.blogspot.com/2011/03/eurusd_29.html

[FJoe]

Cobra,

Think 131.25 will be the high of the day on the SPY...almost gets back to the Friday close.?

[Cobra]

The rebound is strong so could be more on the upside.

[Cobra]

Cobra,

Think 131.25 will be the high of the day on the SPY...almost gets back to the Friday close.?

No, it's just a resistance may or may not work.

[BullBear52x]

The rebound is strong so could be more on the upside.

I can see your MA turned on your chart that's what I look for if it will be sustain, but the triangular ma not a bud, currently on 1m is still pointing down.

[DCS]

If we gapped down this AM, I was looking for rebound to 1314 today.

By itself, my model showed consolidation and maybe sideways for the rest of the week.

I've learned a lot from Cobra's analysis. When I add his n-vs-n & last-3rd-day charts analyses to the mix, I end up playing this week a little differently than I would have otherwise.

Many thanks!

[BullBear52x]

got first 1000 tick few minutes ago, let see if this is fade the tick or celebration? so far it's fading.

[stocksage]

Market will not move substantially lower until interest rates start going up.

You can't make money putting it in the bank, real estate still going down, QE2, QE3, POMO supporting the market. Just completed a small correction over war and nuclear trouble, that the market basically yawned at .

Buy pullbacks instead of trying to short every blip and get stopped out. It's not that hard to make money.

[uempel]

Chart school:

[Cobra]

Still testing resistance.

[BullBear52x]

My magic market still pointing down, VIX is still well above 200ma. yes, it is yawning day, goto to move to top 10 most active just for a kick.

[KENA]

The VXO is in a riseing trend.If it keeps up the mkt will move dn. Watch it and waite and see.

[uempel]

Cobra, where are you?

http://www.nytimes.com/2011/03/29/nyreg ... ke.html?hp

[Cobra]

Cobra, where are you?

http://www.nytimes.com/2011/03/29/nyreg ... ke.html?hp

So, don't offend me today because I'm in bad mood, my Egyptian brother is in trouble.

[Me XMan]

Good news for bulls on QE3 but they may have to push the issue to make Uncle Benny to act.
From Zero Hedge site:
http://www.zerohedge.com/article/david- ... rg-qe3-eta

QE3 WILL COME BUT NOT AS EARLY AS MR. MARKET WOULD LIKE

[Cobra]

Trend line. If pullback from here, then should be at least one more push up before a 2 legged down (intraday) is possible.

[mrpirc]

Market will not move substantially lower until interest rates start going up.

You can't make money putting it in the bank, real estate still going down, QE2, QE3, POMO supporting the market. Just completed a small correction over war and nuclear trouble, that the market basically yawned at .

Buy pullbacks instead of trying to short every blip and get stopped out. It's not that hard to make money.

Market have a way of pricing in events way in advance, so when will they price in the end of QE2 and interest rate rises, and escalating euro zone problems, plus one can say that the Japanese nuclear issue is not yet ended. Be careful.

[Cobra]

I see multiple resistance here so should pullback a little then the 3rd intraday push up.

[BullBear52x]

Educational fun stuff. SELL AAPL if trade below 352 and under the green line.