02/29/2012 Intraday Watering

[TraderGirl]

My Crystal ball say new LOD is on its way, if not today then tomaro!

I think you may be right BullBear. There are two turns this week, today and Friday, so we will see if we can go lower into tomorrow or Friday morning, but I think if we can't get a higher high on the 2nd, then we may go down lower into 5/6th....

Astro's suggest major bullish aspects after that into the 12thish...FWIW...

[waverider]

BTFD for a swing here? No thanks.

Looks like some rotation out of CHF (red) and into USD (green), at least for now...

usd.png

Intraday bearish formation all over the places, this time is different Oh Yay.

[SB73]

SB83, I think you should close now. 78.6% next. LOL

Patience Senor...short almost at the HOD, then at the 50 now at the 61.8 still just a smidgen up on the position. 78.6 or double top must be coming. I can hold for a little bit on this one. Not looking for a market crash, but thinking 3% is in the cards...lets wait and see.

[BullBear52x]

VIX need to pick up some speed here, TICK is on bear side now.

[KeiZai]

While we are waiting for blast...I made a chart yesterday it is from same day 4 years ago I named it will history repeat itself once again?

Second one is based on T-symmetry

[btran874]

SB83, I think you should close now. 78.6% next. LOL

Patience Senor...short almost at the HOD, then at the 50 now at the 61.8 still just a smidgen up on the position. 78.6 or double top must be coming. I can hold for a little bit on this one. Not looking for a market crash, but thinking 3% is in the cards...lets wait and see.

Well played.

[TraderGirl]

Wanted to post this link to a video regarding some shenanigans going on with the FED and the banks exposed in the House of Lords...looks like nothing will probably be done about it...watch it after market closes, or if you are bored, very interesting...

http://www.youtube.com/watch?v=oAK5xzEY ... re=related

[Al_Dente]

glance at 5min UCO

[BullBear52x]

My Crystal ball say new LOD is on its way, if not today then tomaro!

I think you may be right BullBear. There are two turns this week, today and Friday, so we will see if we can go lower into tomorrow or Friday morning, but I think if we can't get a higher high on the 2nd, then we may go down lower into 5/6th....

Astro's suggest major bullish aspects after that into the 12thish...FWIW...

Thanks TraderGirl, I'll take note on that, I know one more high is missing.

[Harapa]

IWM bounced off a trend line going back to Feb 2nd. A breakdown from here may be significant, however, may not happen at the first instance of breach due to presence of other trend lines below the current support.

[SB73]

SB83, I think you should close now. 78.6% next. LOL

Patience Senor...short almost at the HOD, then at the 50 now at the 61.8 still just a smidgen up on the position. 78.6 or double top must be coming. I can hold for a little bit on this one. Not looking for a market crash, but thinking 3% is in the cards...lets wait and see.

Well played.

Keep in mind I have been preaching staying long to the BB touch for the last 2 weeks. This has been a solid trade. Upon touch I thought I would take a stab on the short. I think the sell off was aggressive enough that a reasonable chance of a trend change exists not to say that a double top or something of the sort might still be in the cards. The metals are getting absolutely torched today.

[Cobra]

H2, let's see if this kicks the rebound.

[TraderGirl]

Oh my God!! There are some serious crazies out there!! Check out these Cabbage Patch people who treat them like real children...very bizarre...

http://tlc.discovery.com/videos/my-craz ... ydate.html

[TWT]

TVIX just dived off the cliff as expected. 1380+ now you silly girl SPX.

My call yesterday morning.1378,63-67.Gonna backoff on high tomorrow ,looking for 80-84 with target of 83

I asked you for a wave count but you didn't reply. I am very interested in how you get those numbers. This effing EDT threw me off guard many times. But I think I see it clearly now. We finished Peak 3 at 1378 this morning dropped 13 points for bottom 4. Now we're going up for Peak 5 and should top out above 1380 but I don't know the exact ratio because EDT is so hard to calculate. Can you help me?

No the risk is very large that the ED is completed

below the ED of the DOW

[Cobra]

failed H2. this time is a little different.

[Petsamo]

If we finish at these low levels, they're probably gonna gap this thing up tomorrow. The Nikkei, India, & Europe sold off, so we're just responding to what they did.

[fehro]

trendlines.. fwiw. break 1360, we could see a swift move down.

[SB73]

uh oh

[Al_Dente]

5 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Cobra]

now this bear target becomes possible.