05/11/2011 Intraday Watering

[Cobra]

every time there's a back test of the previous extremes there're chances for a top or bottom, so let's wait and see.

[99er]

Crude
Possible bearish Pennant about to break down.
http://99ercharts.blogspot.com/2011/05/crude_11.html
Target 84.27.

[uempel]

Looking for further support levels:

[doji]

Is it a bearish rising wedge? As a bear flag breakdown?

[soku]

wow, rumor says stops been triggered. we may see my swing target 1332 today

[99er]

SPX
No bounce.
http://99ercharts.blogspot.com/2011/05/spx.html

[StrikePrice]

VIX not quite off to the races...

1344 pivot must hold or I turn bearish.

Where are the dip buyers?

[Cobra]

rebound or some consolidation here then should be one more push down.

[uempel]

Update:

[99er]

RUT
Another look at that count.
http://99ercharts.blogspot.com/2011/05/rut.html
Impulsive.

[soku]

wow, go go go bears
we will have party after close today at cobras

[Cobra]

hmm, what's going on? anyway, i think chances are good this bar is the exhaustion bar, so may pause here then another leg down.

[KENA]

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

Thanks...I bought at approx 33.68. I may sell in a bit and take profit.Waite and see.

[soku]

hmm, what's going on? anyway, i think chances are good this bar is the exhaustion bar, so may pause here then another leg down.

wow, rumor says stops been triggered. we may see my swing target 1332 today

me out. great day

lots of rumor today, like es long stop i just mentioned and earlier people talked about eur to 1.42 etc. guess it is not good for bulls.
Mr T, r u there? party time. cheap liquor, fat cigar, easy women
and the most important thing, lot of beef

[uempel]

What's going on? Commodities are tumbling, as is the Euro. Hedge funds jumping out. Here an update on SPX:

[maldini]

Update:

SPXD.png

thanks for sharing

[maldini]

hmm, what's going on? anyway, i think chances are good this bar is the exhaustion bar, so may pause here then another leg down.

Today seems to be one of those rare days in one year:
gap don't close, opening price is the high of the day, etc.

[BullBear52x]

SPX/SPY Daily closed above 5dma in full candle yesterday and now is trading right back under it. this is the most reliable mid term reversal, 133 SPY almost sure thing (if there is such a thing) anyways, pay attention to this longer term trend. Good luck trading all, I'll be back before the close.

[StrikePrice]

After two snoozefests we get a fun trading day.

Dip buying pretty decent, remember to keep an eye on aapl, it will tell the true story.

[Cobra]

here comes the 2nd leg down.