04/18/2011 Intraday Watering

cletus · Post by **cletus** » Mon Apr 18, 2011 9:43 am

Breakdown in GOOG. Target $150. Bear market confirmed. But, it's so close to the trendline that you might need to give it a week.

agnosia · Post by **agnosia** » Mon Apr 18, 2011 9:46 am

there is gap support @ /es 1292.

99er · Post by **99er** » Mon Apr 18, 2011 9:49 am

RUT
H&S target of 773.
http://99ercharts.blogspot.com/2011/04/rut_18.html

agnosia · Post by **agnosia** » Mon Apr 18, 2011 9:50 am

also just want to mention the bid/ask is very THIN today on the /es.. well below normal so we could see very erratic pricing here.

99er · Post by **99er** » Mon Apr 18, 2011 9:55 am

SPX
Update.
http://99ercharts.blogspot.com/2011/04/spx_18.html

biotrader · Post by **biotrader** » Mon Apr 18, 2011 9:56 am

cletus wrote:Breakdown in GOOG. Target $150. Bear market confirmed. But, it's so close to the trendline that you might need to give it a week.

$150? LOL

BullBear52x · Post by **BullBear52x** » Mon Apr 18, 2011 9:58 am

GM, more room to the down side.

I have to be humble, no moon walk.

99er · Post by **99er** » Mon Apr 18, 2011 9:59 am

(Reuters) - Standard & Poor's on Monday downgraded its credit outlook for the United States, citing a "material risk" that policymakers may not reach agreement on a plan trim its large budget deficit.

Post by **Cobra** » Mon Apr 18, 2011 10:00 am

ES holds well, but NQ had breakdown decisively.

99er · Post by **99er** » Mon Apr 18, 2011 10:07 am

ES and ZB
Heckuva job, Ben.
http://99ercharts.blogspot.com/2011/04/es-zb_18.html
He's probably shitting his pants right now.

agnosia · Post by **agnosia** » Mon Apr 18, 2011 10:08 am

my next support for the /es is at 1284 ( the 100 day moving average ) . looks quite ugly today, gonna watch from the bleachers. gap at /es 1292 breached.

starix · Post by **starix** » Mon Apr 18, 2011 10:11 am

uempel's weekend chart really rocks.

jamesmith · Post by **jamesmith** » Mon Apr 18, 2011 10:17 am

hopefully not another reversal day

Me XMan · Post by **Me XMan** » Mon Apr 18, 2011 10:20 am

WHAT'S HAPPENING???

uempel · Post by **uempel** » Mon Apr 18, 2011 10:21 am

starix wrote:uempel's weekend chart really rocks.

Thank you! Short term there might be a bounce at around 1290:

Me XMan · Post by **Me XMan** » Mon Apr 18, 2011 10:21 am

Uncle Benny has Depends on.

99er wrote:ES and ZB
Heckuva job, Ben.
http://99ercharts.blogspot.com/2011/04/es-zb_18.html
He's probably shitting his pants right now.

uempel · Post by **uempel** » Mon Apr 18, 2011 10:23 am

99er wrote:(Reuters) - Standard & Poor's on Monday downgraded its credit outlook for the United States, citing a "material risk" that policymakers may not reach agreement on a plan trim its large budget deficit.

Well, the cat was not black (as I said), but dead (as you suggested...)

StrikePrice · Post by **StrikePrice** » Mon Apr 18, 2011 10:24 am

Overshot support trendline but now moving back into new channel with previous support as resistance.

Welcome to summer 2010 all over again.

maldini · Post by **maldini** » Mon Apr 18, 2011 10:25 am

look at SDS, typical trend behavior : hit the stop on H1 and then go higher

lqiantobe · Post by **lqiantobe** » Mon Apr 18, 2011 10:37 am

corba~ any 2nd leg down?

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04/18/2011 Intraday Watering

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