04/12/2011 Intraday Watering

[99er]

10-Year Note
And PIMPCO is short US Treasuries.
http://99ercharts.blogspot.com/2011/04/10y_12.html

[Cobra]

fighting on the overnight low. I think the chances for a breakdown is a little little bit higher.

[BullBear52x]

OK, we now have RSI intraday divergence, so take some profit here if any

[cletus]

The wedge is playing out. First support fell, therefore second will be tested. If that fails, final target will be met.

[Cobra]

here comes the breakdown of the overnight low. hope it's a real breakdown instead of a bear trap.

[99er]

EURUSD
No cigar, central bankers.
http://99ercharts.blogspot.com/2011/04/eurusd_12.html

[stocksage]

aapl up 2 bucks, we aren't going down much more if aaple stays strong.

[stocksage]

oil probably topped a couple of days ago @ 113 for May CL.

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/04/spx_12.html
Possible bounce at 1306 to back test old Wolfe Wave.

[cletus]

The IYR is not participating in today's selling, which is bullish. I'll probably dump some puts and FAZ today expecting a bounce.

[cletus]

Sold some puts and FAZ at 1314. Not sure if 1305 is hit today but the stats show a bounce (and positive close) is due so I'll wait for that to add to my shorts, although I still am holding some puts and short ETFs for the longer run.

Another important thing. This model is about to show a trend change. In general, the worst possible entry is right as this model confirms the new downtrend (when green/red lines cross the blue line), so more than likely, a short squeeze is coming.

[99er]

/ZB
The Long Bond catches a nice bid.
http://99ercharts.blogspot.com/2011/04/es-zb_12.html

[BullBear52x]

Sold some puts and FAZ at 1314. Not sure if 1305 is hit today but the stats show a bounce (and positive close) is due so I'll wait for that to add to my shorts, although I still am holding some puts and short ETFs for the longer run.

Another important thing. This model is about to show a trend change. In general, the worst possible entry is right as this model confirms the new downtrend (when green/red lines cross the blue line), so more than likely, a short squeeze is coming.

I don't see short squeeze going to happen today, if not slide further we will trade the boring sideways action again.

[maldini]

Sold some puts and FAZ at 1314. Not sure if 1305 is hit today but the stats show a bounce (and positive close) is due so I'll wait for that to add to my shorts, although I still am holding some puts and short ETFs for the longer run.

Another important thing. This model is about to show a trend change. In general, the worst possible entry is right as this model confirms the new downtrend (when green/red lines cross the blue line), so more than likely, a short squeeze is coming.

I don't see short squeeze going to happen today, if not slide further we will trade the boring sideways action again.

I like boring sideways action

[Cobra]

island reversal text book target.

[Cobra]

90% chances close < open today because: gap down, lower low after 10:30am ET.

[99er]

VIX
Warming up?
http://99ercharts.blogspot.com/2011/04/vix_12.html

[BullBear52x]

My feeling is that today and tomorrow at the least they will shake out the faith in DIP buyers before moving higher either a dead cat or not.

Here is my FAZ read, now FAZ is entering the SWING BUY zone, I will dip in the weakness until 5dma failed to hold.

[maldini]

island reversal text book target.

[millie]

by Cobra » Tue Apr 12, 2011 2:52 pm

90% chances close < open today because: gap down, lower low after 10:30am ET.

Soz to be thick, close higher than open then?
thx