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03/28/2012 Intraday Watering

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tomsky
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Re: 03/28/2012 Intraday Watering

Post by tomsky »

Kato wrote:At gap support. It's a big if but if the bears can close Monday's gap it would qualify as an exhaustion gap. We could see some strong selling - emphasis "could"
"could" as every bear dream in a bull market :D
But i don't see a bottom patern yet. Usually by this time the first move from open will be exhausted but now it's only consolidating near the low.
Last edited by tomsky on Wed Mar 28, 2012 10:50 am, edited 3 times in total.
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Petsamo
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Re: 03/28/2012 Intraday Watering

Post by Petsamo »

For UNG holders, there's a way out and save face. Trade into a very beat up stock, like JOY. The stock has to have nice fundamentals. You have to identify a bottom before swing trading first.
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SigmaEcho
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Re: 03/28/2012 Intraday Watering

Post by SigmaEcho »

Hi Cobra, yo uhave a target for the drop?
tnx
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KENA
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Re: 03/28/2012 Intraday Watering

Post by KENA »

FYI.. Stocktiming says Liquidity had a small dn tick yesterday but is still hi..The accelerators are still in up condition for SPY,QQQ,IWM. Mkt will be choppy and Bias for today is mixed..NYSEBP still holding.So hang in there Bulls and Bears and we will see. :D
Valance
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Re: 03/28/2012 Intraday Watering

Post by Valance »

Novice here but the market feels like its ready for a plunge. Last few days it just feels weak and if it wasn't for Fed on monday I think we would have seen some heavy down this week.
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Kato
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Re: 03/28/2012 Intraday Watering

Post by Kato »

Another gap I am watching. Two weeks ago everyone was claiming the end of the 30 year bull market in bonds. I don't think you can call it done yet. TYX is back under the 200dma and IF it can close the gap from 2 weeks ago, there may still be life in the bond bull. Still long ZBU12.
Screen shot 2012-03-28 at 10.55.56 AM.png
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tomsky
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Re: 03/28/2012 Intraday Watering

Post by tomsky »

tomsky wrote:Usually by this time the first move from open will be exhausted but now it's only consolidating near the low.
I'm surprised the bulls are missing. Instead of a strong up move just wanders near low, lower low. Could this be a bear's day?
The hardest thing to see is what is in front of your eyes.
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Pharmboy
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Re: 03/28/2012 Intraday Watering

Post by Pharmboy »

CRIS ran yesterday (I noted them before), ZLCS is also up (wrote it up on Saturday on my board).....biotechs are holding strong. SGEN blew through its $20 OH resistance (I have the June $20/25 BCS, selling the $20 or $17.5 puts for a good credit or net 0 trade). YMI is one to start accumulating IMHO.
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Cobra
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Re: 03/28/2012 Intraday Watering

Post by Cobra »

the selling is still sharp, so the rebound if any shall fail.
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tomsky
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Re: 03/28/2012 Intraday Watering

Post by tomsky »

small double bottom. I'm out.
The hardest thing to see is what is in front of your eyes.
Trading is the most dangerous human endeavor, short of war.
Denali92
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Re: 03/28/2012 Intraday Watering

Post by Denali92 »

Valance wrote:Novice here but the market feels like its ready for a plunge. Last few days it just feels weak and if it wasn't for Fed on monday I think we would have seen some heavy down this week.

We were definitely set up that way before Bernanke spoke..... alas, psychology has changed.... so he probably did help avert the test of 1370 for this quarter...

BUT, I MUST ADMIT I am looking back at April 2010 as a possible analog as we had a similar reversal candle on 26-Apr-10 followed by an ALL DAY down move....

If so, back then the best strategy was to close the shorts and wait for a rally re-test.... then the FLASH CRASH came.....

-D
uempel
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Re: 03/28/2012 Intraday Watering

Post by uempel »

Ahhh, I had some data problems, could not operate one of the screens. I hate it. And then suddenly, without me doing nothing, it's working again :D
Here a long term view which does not support the bullish view...
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Cobra
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Re: 03/28/2012 Intraday Watering

Post by Cobra »

AAPL holds well. I'm not a bear yet.
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Kato
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Re: 03/28/2012 Intraday Watering

Post by Kato »

VIX at a key resistance level - middle BB
Screen shot 2012-03-28 at 11.09.25 AM.png
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Cobra
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Re: 03/28/2012 Intraday Watering

Post by Cobra »

should be some support here.
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Jose
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Re: 03/28/2012 Intraday Watering

Post by Jose »

AAPL 5 minutes, trendline on RSI is broken, they risked it and got a smaller return.
5minAAPL.jpg
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Petsamo
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Re: 03/28/2012 Intraday Watering

Post by Petsamo »

long FCX 37.26, 100 shares
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bushwaffle
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Re: 03/28/2012 Intraday Watering

Post by bushwaffle »

Petsamo wrote:long FCX 37.26, 100 shares
Risky move bro, better keep tight stop, she's confirmed down
Jose
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Re: 03/28/2012 Intraday Watering

Post by Jose »

KEiZAi what I talked you about here viewtopic.php?f=2&t=497&p=68565#p68565:

Is just about happening right now:
1heurusd.jpg
Objective is EMA 50 or RSI 55...
TraderGirl
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Re: 03/28/2012 Intraday Watering

Post by TraderGirl »

Looks like a triangle forming, we have touched the trend line below before, many times, sitting around 1405..
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