03/30/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 11:31 am

We are experiencing sector rotation right now, everyone please post what sector is the most bullish on your radars TIA, we are team here

Me XMan · Post by **Me XMan** » Wed Mar 30, 2011 11:33 am

I loaded 500 SDS at 20.90. Stop-loss is 20.75.

BullBear52x wrote:I can not short SSO this morning, no shares. so I have to take this route. just for scalping unless it turns out to be reall holding later in the day? wait and see.

chickencoop · Post by **chickencoop** » Wed Mar 30, 2011 11:36 am

BullBear52x wrote:We are experiencing sector rotation right now, everyone please post what sector is the most bullish on your radars TIA, we are team here

it's financials turn now, methinks.

Post by **Cobra** » Wed Mar 30, 2011 11:36 am

Could be an Ascending Triangle in the forming so the breakout would likely be on the upside.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 11:38 am

chickencoop wrote:
BullBear52x wrote:We are experiencing sector rotation right now, everyone please post what sector is the most bullish on your radars TIA, we are team here
it's financials turn now, methinks.

Thanks, miss FAS run

Hey! shorts will have no chance today unless RSI is turning here. SSO chart

Post by **Cobra** » Wed Mar 30, 2011 11:39 am

BullBear52x wrote:We are experiencing sector rotation right now, everyone please post what sector is the most bullish on your radars TIA, we are team here

In my chart book: 5.0.3 and 5.0.4 you can see how all sectors going intraday. Accordingly since today is not a broad based rally, there're some chances we may see an intraday reversal later.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 11:42 am

Cobra wrote:
BullBear52x wrote:We are experiencing sector rotation right now, everyone please post what sector is the most bullish on your radars TIA, we are team here
In my chart book: 5.0.3 and 5.0.4 you can see how all sectors going intraday. Accordingly since today is not a broad based rally, there're some chances we may see an intraday reversal later.

Awesome,Thanks.

Post by **Cobra** » Wed Mar 30, 2011 11:44 am

BullBear52x wrote: Awesome,Thanks.

The theory is: a strong up day, every sector should move in syn. Today apparently is not SO FAR.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 11:48 am

Cobra wrote:
BullBear52x wrote: Awesome,Thanks.
The theory is: a strong up day, every sector should move in syn. Today apparently is not SO FAR.

You know what scares me the most is everyone is comfortable going longs over night, even a hard core bears. bad signs.

uempel · Post by **uempel** » Wed Mar 30, 2011 11:49 am

Zigzag targets:

Post by **Cobra** » Wed Mar 30, 2011 11:51 am

uempel wrote:Zigzag targets:
Zigzag.png

Good, thanks.

KENA · Post by **KENA** » Wed Mar 30, 2011 11:52 am

Cobra wrote:
BullBear52x wrote: Awesome,Thanks.
The theory is: a strong up day, every sector should move in syn. Today apparently is not SO FAR.

Thats good to know ,Thanks.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 11:53 am

get back on UNG again today.

Post by **Cobra** » Wed Mar 30, 2011 11:54 am

BullBear52x wrote: You know what scares me the most is everyone is comfortable going longs over night, even a hard core bears. bad signs.

I know lots of people don't agree with me that "INDU Leads". Actually INDU leads is a bad news for bulls in the final stage because that means only a few much safer blue chips are chosen that market is nervous and therefore could be in a final stage. In 2007 before the final top, INDU was led, up 9 or 11 days straight if I remember correctly.

uempel · Post by **uempel** » Wed Mar 30, 2011 11:55 am

Cobra wrote:
uempel wrote:Zigzag targets:
Zigzag.png
Good, thanks.

Very welcome, an honor for me to be in your forum.

KENA · Post by **KENA** » Wed Mar 30, 2011 11:57 am

I guess I am going to have my workout while I'm waiting for the mkt to turn. At least I will feel better when I'm thru.

99er · Post by **99er** » Wed Mar 30, 2011 11:58 am

Crude
Update.
http://99ercharts.blogspot.com/2011/03/crude_30.html

Post by **Cobra** » Wed Mar 30, 2011 12:00 pm

yeah, that was when INDU was up like crazy in year 2007. I think INDU price has been adjusted, should be straight up in that year as the impression was very deep that year to me.

MiniMilt · Post by **MiniMilt** » Wed Mar 30, 2011 12:03 pm

BullBear52x wrote:We are experiencing sector rotation right now, everyone please post what sector is the most bullish on your radars TIA, we are team here

http://www.finviz.com/map.ashx

You can click on the map to zoom in for more detail.

Utilities and Financials the big winners

Technology and Industrial Goods the big losers.

Post by **Cobra** » Wed Mar 30, 2011 12:08 pm

the breakout is weak, rather it looks more like a wedge.

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03/30/2011 Intraday Watering

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