03/10/2011 Intraday Watering

[Travelfrog]

SPX previous low seems to be first target 1294 then next target 1282 where there looks to be good support.

[KENA]

will there be a pull back up or not?

WAIT.... To late for short....To earily for long....We should get a direction by mid morning.....WATCH and WAIT.

[Cobra]

Don't look like a gap fill day to me, Leadership stocks are going down fast. Nasdaq is below the 50day moving average today!

if this kind of down gap can be filled, then we'll go much higher from here.

[Travelfrog]

SPX 1282 is also approx 100% fib extension if ABC correction.

1254 is approx 161.8% fib extension

[BullBear52x]

ran into a good read, GDP stuff.

[99er]

Euro
Not quite trash...yet.
http://99ercharts.blogspot.com/2011/03/euro_10.html

[99er]

Crude
Uh oh.
http://99ercharts.blogspot.com/2011/03/crude_10.html
At least for bulls.

[99er]

Dollar
Possible IH&S developing.
http://99ercharts.blogspot.com/2011/03/dollar_10.html
Sorry, Ben. It's China's fault.

[Fritz Baxter]

XLF below the 50dma and falling.
Looks like no interest in taking it back up for retest of the 50 by institutions.

[Cobra]

Breakdown below 30 min OR, so 80% chances the market will go much lower at least double the monring 30 min bar size.

[AK84]

Cobra

We are at 1294 now . this is strong support. should we go long for a day trade for small dip buyers into the close ?

[BullBear52x]

FIB target for SPY.

Target 1 = 129.69 expect rebounce for nornal correction this level must be sustained.
if failed to hold.
Target 2 = 126.61 screaming buy, if failed here we are doomed!

[Cobra]

By double 30 min bar size, I mean target here. Also a failed 30 min OR breakdown would mean the monring low we had a moment ago will be revisited. So basically I'm saying that bears maybe a little bit safer here.

[Cobra]

Cobra

We are at 1294 now . this is strong support. should we go long for a day trade for small dip buyers into the close ?

See my other reply, you should ge what I'm trying to hint.

[greenback]

We may have a better short chance after this rebound ...

[stocksage]

99'er, excellent charts!

[shumushu]

Bouncing here, some buying after such a huge gap down. Let see what the bulls can do. If we don't have a nice bounce, a trendy down day likely.

[99er]

stocksage-- Aw shucks. But thanks.

[cletus]

The market seems to be edging more towards heading into a major LOW on March 18th or thereabouts. I wasn't sure whether it would be a high or low, but it is slightly more likely now of it being a low which would be in the 1230-1250 level perhaps. Still not sure.

[simpletrader]

Crude
Uh oh.
http://99ercharts.blogspot.com/2011/03/crude_10.html
At least for bulls.

draw back to 95 area.