05/11/2011 Intraday Watering

soku · Post by **soku** » Wed May 11, 2011 10:07 am

maybe bottomed here. will short on pop. i see es 1332 for this swing

agnosia · Post by **agnosia** » Wed May 11, 2011 10:25 am

i no longer try to pick bottoms... i like using the 5 min chart and the 10/20 ema. once they have flattened and become support i will buy...

soku · Post by **soku** » Wed May 11, 2011 10:31 am

so quiet today. where is cobra, where is everybody.
es stays in a very small range for a long time. i guess a spike is coming. no bias on direction

maldini · Post by **maldini** » Wed May 11, 2011 10:40 am

intc/tzoo is crazy..

DaWay · Post by **DaWay** » Wed May 11, 2011 10:42 am

Hmmm....
yesterday's update.

soku · Post by **soku** » Wed May 11, 2011 10:45 am

better quality bottom. scalp long at 1346.5

BullBear52x · Post by **BullBear52x** » Wed May 11, 2011 10:50 am

GM,
What a bulls trap

soku · Post by **soku** » Wed May 11, 2011 10:51 am

not sure what is yhoo doing. r they going to quit alibaba?

KENA · Post by **KENA** » Wed May 11, 2011 10:54 am

BullBear52x wrote:GM,
What a bulls trap

Yes that is a good picture of a bull trap carried over from yesterday. thanks

soku · Post by **soku** » Wed May 11, 2011 10:56 am

pivot and vwap are both around 1350, measured equil at 1352. i guess this could be the range for the rebound target

maldini · Post by **maldini** » Wed May 11, 2011 10:58 am

I think cobra is busy trading today:P

uempel · Post by **uempel** » Wed May 11, 2011 10:59 am

My original game plan was jumbled and I'm sulking.

agnosia · Post by **agnosia** » Wed May 11, 2011 11:01 am

yoku wrote:pivot and vwap are both around 1350, measured equil at 1352. i guess this could be the range for the rebound target

my forward looking close/pivot is 1352.

BullBear52x · Post by **BullBear52x** » Wed May 11, 2011 11:03 am

135 is still a key support.

Post by **Cobra** » Wed May 11, 2011 11:14 am

nothing to say. MA200 (red line) now acts as support. my guess is yesterday's high should be revisited sooner or later.

KENA · Post by **KENA** » Wed May 11, 2011 11:14 am

BullBear52x wrote:135 is still a key support.

I'm thinking the 135 support will be broken.

bbc · Post by **bbc** » Wed May 11, 2011 11:22 am

I stopped my ES last night, tears.

And covered CL this morning, only 103.85->103.20, missed the wave.

99er · Post by **99er** » Wed May 11, 2011 11:23 am

DX
Possible Cup with Handle developing today.
http://99ercharts.blogspot.com/2011/05/dx.html
Target would be 77.861.

BullBear52x · Post by **BullBear52x** » Wed May 11, 2011 11:24 am

KENA wrote:
BullBear52x wrote:135 is still a key support.
I'm thinking the 135 support will be broken.

I am hoping either 135 breaks down or 135.50 breaks up, anything in between is confusing heck out of me.

BullBear52x · Post by **BullBear52x** » Wed May 11, 2011 11:29 am

TZA is a buy over 33.6, Bulls is in trouble if this short term buy is sucessful. I am a buyer by the way

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