03/06/2012 Intraday Watering

[Cobra]

break down but volume surge plus biggest bar, so could see rebound here.

[Harapa]

This is one heck of a BB crash today on SPX, expect a bounce up tomorrow, almost 100% guaranteed. Perhaps a gap up open then further down may follow but most likely a bounce of decent proportions. I would check $NYMO tonight, it should be lower that -60, that could be another assurance of a bounce.

Plan to go long EDC or TNA EOD (buy setup 70% win rate with 3.5% SL close next day)

[Cobra]

the breakout touched the lower trend line, so too bad, there might be more down ahead because it shows the push down still is strong.

[BullBear52x]

Thanks Cobra and everyone, GLTA

Checking out early today.

TA note: well, pay attention to $NYHL, very important IMHO

[ZimZeb]

Maybe I'm just a greedy bear...

[waverider]

$VIX +17%, stiff arms the upper BB IN THE FACE

[noob]

the breakout touched the lower trend line, so too bad, there might be more down ahead because it shows the push down still is strong.

Cobra, weren't there a rule 7 hourly red bars means rebound or something of that sort? Thanks!

[Cobra]

the breakout touched the lower trend line, so too bad, there might be more down ahead because it shows the push down still is strong.

Cobra, weren't there a rule 7 hourly red bars means rebound or something of that sort? Thanks!

5 hourly red bars should mean rebound, not 7.

[Mr. T]

the breakout touched the lower trend line, so too bad, there might be more down ahead because it shows the push down still is strong.

Cobra, weren't there a rule 7 hourly red bars means rebound or something of that sort? Thanks!

5 hourly red bars should mean rebound, not 7.

What about 20?

Correction? End of the world? Or toner on backorder?

[Cobra]

another volume surge, so still rebound is possible, then we'll see.

[noob]

the breakout touched the lower trend line, so too bad, there might be more down ahead because it shows the push down still is strong.

Cobra, weren't there a rule 7 hourly red bars means rebound or something of that sort? Thanks!

5 hourly red bars should mean rebound, not 7.

ok thanks! I guess that didn't work this time.

[Cobra]

the breakout touched the lower trend line, so too bad, there might be more down ahead because it shows the push down still is strong.

Cobra, weren't there a rule 7 hourly red bars means rebound or something of that sort? Thanks!

5 hourly red bars should mean rebound, not 7.

What about 20?

Correction? End of the world? Or toner on backorder?

you get 20 red hourly bar, I guess the whole world would be buying the dip then.

[Richarab]

another volume surge, so still rebound is possible, then we'll see.

leaving Kuwait
Thank goodness
I trade terrible here
All evening I can watch this market
Not good for pachyderm
I mean psyche

[TraderGirl]

VIX possibility???

[waverider]

VIX possibility???

Wouldn't be surprised!

[Cobra]

very weak rebound, only the next push down doesn't touch the trend line below then there's a chance for some meaningful rebound.

[fehro]

VIX possibility???

looks possible... 22.50ish? only thing is I don't like a close outside of the BB bands.

[BullBear52x]

Last chart for the road. see NYHL down side only getting stronger here, be careful guys. GL

[Cobra]

ok, now the ChiOsc is low enough, remember yesterday someone asked and I said it's not low enough and if this is the beginning of the trend then even low enough won't work? Let's see, I don't know if it work or not.

[Cobra]

resistance. I see very very small double bottom here.