03/05/2012 Intraday Watering

[Cobra]

bigger picture, not comment for now.

[soku]

as we discussed a trading "bottom" is around 1355-1357. it was defended one more time. i won't be surprised if we close around 1366.
it's a 20 points drop from peak. a 10 point reb shd be considered "fair".
don't ignore the dbl top, series of lower highs and lower lows, and a sharp downward trendline

[trendfollower]

Update article on dollar, oil, munis, volatility measures, S&P, and gold:

http://goo.gl/nZPuo

[ClarkW]

bigger picture, not comment for now.

Cobra, any comment on the low ChiOsc on the 60 min?

[TraderGirl]

The market seems to be held up by a Jupiter/Pluto trine, which is the same aspect we had on Oct 28th, 2011. We will probably not see any significant decline until we get beyond this aspect, which is March 13-15, but then we have a new moon on March 22, so I don't see any significant decline until after the 22nd. There is the potential we test the 20dma again 16-19, then we will probably rally into 22nd. After the 22nd, the 20dma could then fail...IMHO from looking at all of the upcoming aspects...

[Cobra]

bigger picture, not comment for now.

Cobra, any comment on the low ChiOsc on the 60 min?

no low enough, also if this is the start of a trend change, then ChiOsc is useless, so hard to say now.

[Cobra]

it's strange ha, we finally have some down day, but seems not many comments here. All have given up already?

[noob]

it's strange ha, we finally have some down day, but seems not many comments here. All have given up already?

wait and see ba.

[Richarab]

it's strange ha, we finally have some down day, but seems not many comments here. All have given up already?

yes.

[Cobra]

the rebound still feels weak. Hopefully a strong close in the last 7 minutes.

[KENA]

Bears still have a chance for red fri and red mon.Lets see what Cobra says tonight if it does.

[dr659]

it's strange ha, we finally have some down day, but seems not many comments here. All have given up already?

we have had our hopes crushed one to many times

[ClarkW]

bigger picture, not comment for now.

Cobra, any comment on the low ChiOsc on the 60 min?

no low enough, also if this is the start of a trend change, then ChiOsc is useless, so hard to say now.

Thanks for the quick response!

[Cobra]

well, guess that's it for today, no idea yet about tomorrow, need dig a little more. thank you guys, I'll see you tomorrow.

[jimme]

it's strange ha, we finally have some down day, but seems not many comments here. All have given up already?

I am short from 2 weeks ago. Very boring waiting for it to happen. I will add to my position on any rally, but not here. GLTA jimme

[SB73]

the rebound still feels weak. Hopefully a strong close in the last 7 minutes.

Everybody must be expecting a gap up

[Cobra]

Bears still have a chance for red fri and red mon.Lets see what Cobra says tonight if it does.

red Friday plus red Monday usually means turning point. again U S U A L L Y, got it?!

[johnnywa]

probably turn around Tuesday

[TWT]

SPX: the pullback is corrective but the trend is now down

(thewavetrading.com)

[Buckethead]

Fund cash levels remain high. Hard to correct deep when there's nothing to correct and shake out.