08/08/2011 Intraday Watering

[agnosia]

vix +25% @ 41

[newbie_77]

target 1140 looks like we will hit that today. and tomorrow uncle ben will announce QE3 and we shoot up to 12xx

[uempel]

A year ago monthly BB with setting 13/1 was support:

[agnosia]

sold my /es long @ 1158.5 for +10. that's it for me in this crazy market.. for now anyway

[silicon_beaver]

target 1140 looks like we will hit that today. and tomorrow uncle ben will announce QE3 and we shoot up to 12xx

qe3 is to use for 08 reelection. not right now.

[99er]

Honey...I know. They'll take our bonds.
http://99ercharts.blogspot.com/2011/08/30y_08.html

[Cobra]

by the way, big gap down, new low after 10:30am ET, so 90% chances Open > Close today.

[Cobra]

A year ago monthly BB with setting 13/1 was support:

SPXE.png

then this time it'll be breached at least a little more than the last time. that's how stock prices usually move.

[99er]

Silver?
http://99ercharts.blogspot.com/2011/08/silver_08.html

[agnosia]

well guys this is what we get when the criminals didn't pay for their misdeeds. as long as the banks aren't properly punished we will continue to falter as an economy. you can only paper over so much and for so long... the criminals must be PROSECUTED ! i'm amazed that not one banker or big bank got hit with charges. amazing.

ok rant over back to market analysis

[Ninja Trader]

A year ago monthly BB with setting 13/1 was support:

SPXE.png

then this time it'll be breached at least a little more than the last time. that's how stock prices usually move.

Agree with Cobra, not to mention, the message of the market may be changing, so comparing what happened in the rally may not be analogous to today.

[99er]

Gold.
http://99ercharts.blogspot.com/2011/08/gold_08.html

[cougar]

Some support here, as calculated possible length for w3 (yellow)

[rpccharts]

WHEN WE HIT ES 666 REMEMBR W WERE OVERSOLD FOR A MONTH

[oldpigwang]

Cobra DA: Trend up?

[99er]

Crude
http://99ercharts.blogspot.com/2011/08/crude_08.html

[General doofus]

S&P 14 day RSI - now the most oversold since Summer of 2002.

[hdenandy]

Sold my Dow call at 11182.
118 points in 30 mins.

Yet again, one must be greedy.

[AK84]

i see positive divergences on lots of 60 min charts....

the VIX will close with a black bar today and we will put in a short term bottom .

just my wildesteesttttt of guesses.

the dead cat....MUST BOUNCE!!!!

[EvilTrader]

Even with the whole financial system tearing apart in 2008, we had sizable, tradable bounces.