03/07/2012 Intraday Watering

[fehro]

1355? or 1360? target.

[Cobra]

support. still up biased.

[SB73]

1355? or 1360? target.

Fehro how about 1367 for a H&S.

[BullBear52x]

first line in the sand today.

[Harapa]

IWM doesn’t look good (as if this wasn't known ) . Both OBV and RSI in daily as well as in weekly time frame are indicating poor health of small cap.

daily IWM is the most beat up one so it's pausing now, see STO here, no buying on anything just yet.

But weekly and monthly STO are still strong, which makes me to believe that correction will be shallow and short lived at least for this round. Although now-a-days everything is possible, you can't trade if you continue to think "this time is different", or can you?
BTW, I like your charts. I am learning a lot from them.
Happy trading.

[TraderGirl]

RUT has a confluence of support with the long term resistance/support line as well as the up trending support on the short term chart. MACD could bounce above the zero line. This has shown some support here, the question is, will it hold???

[BullBear52x]

.

.

BTW, I like your charts. I am learning a lot from them.
Happy trading.

[minthan]

hello btran874, please check your private message, thank you.

[fehro]

1355? or 1360? target.

Fehro how about 1367 for a H&S.

How's 1358ish? if it plays out... and breaks down target 1305?... but could also be still forming a larger bull flag.. blue trendlines.

[waverider]

/CL, selling on the way up:

[pidge66]

135.70 resistance, and then 136. Reloading shorts.

http://goo.gl/2MTZT

[SB73]

TWT,

Throw me a bone and provide an update on TVIX. Full disclosure - no position.

[Cobra]

volume surge, guess it's AAPL announcing their iPad 3 now. I see small 3 push up, so won't be surprised to see some pullback here, not sure of course because iPad could be sell at $199, then AAPL will go to Galaxy far far away.

[TWT]

SPX: The rebound looks and feels impulsive then odds of a Zig Zag are getting larger

(thewavetrading.com)

[Cobra]

lunch time, will be back.

[BullBear52x]

Best low risk sell set up. counter trend on AAPL. just saying no trading.

[waverider]

Best low risk sell set up. counter trend on AAPL. just saying no trading.

Doug Kass says he's "shorting the QQQs into the AAPL event". Interesting.

[BullBear52x]

Best low risk sell set up. counter trend on AAPL. just saying no trading.

Doug Kass says he's "shorting the QQQs into the AAPL event". Interesting.

If AAPL trades down Qs will no doubt will go with it. well any thing will go with it not just Qs, the president and my uncle Ben. I joke I joke.

[TWT]

TWT,

Throw me a bone and provide an update on TVIX. Full disclosure - no position.

TVIX: The break out has failed

[waverider]

Best low risk sell set up. counter trend on AAPL. just saying no trading.

Doug Kass says he's "shorting the QQQs into the AAPL event". Interesting.

If AAPL trades down Qs will no doubt will go with it. well any thing will go with it not just Qs, the president and my uncle Ben. I joke I joke.