03/01/2011 Intraday Watering

wave · Post by **wave** » Tue Mar 01, 2011 1:46 pm

If today close below 1320, then the short trend is down. Let's wait.

Cobra wrote:
wave wrote:Maybe today is the lower high since 02/22 and then we will see a lower low.
Too early to tell. The daily chart doesn't look good assuming we close right here - a Bearish Engulfing could have formed.

99er · Post by **99er** » Tue Mar 01, 2011 1:54 pm

Crude
Wolfe Wave target of 93.95.
http://99ercharts.blogspot.com/2011/03/crude.html

BullBear52x · Post by **BullBear52x** » Tue Mar 01, 2011 1:54 pm

Bulls got knock back down again.

BullBear52x · Post by **BullBear52x** » Tue Mar 01, 2011 2:10 pm

predict Gap up on FXP tomorrow

Thanks Cobra, I know I didn't say thanks enough.

GL trading today I am done for now.

KENA · Post by **KENA** » Tue Mar 01, 2011 2:13 pm

I just can't understand all of the Dip Buyers out there... But I guess that is what makes the Mkt.

Post by **Cobra** » Tue Mar 01, 2011 2:14 pm

3 push down, so the market could be bottomed here (intraday only). Let's see how rebound goes.

99er · Post by **99er** » Tue Mar 01, 2011 2:18 pm

EURUSD
Row, row, row our boat.
http://99ercharts.blogspot.com/2011/03/eurusd_01.html

bear33 · Post by **bear33** » Tue Mar 01, 2011 2:34 pm

cobra you think we rebound from here, or the sell of is too strong to go long?

Post by **Cobra** » Tue Mar 01, 2011 2:48 pm

bear33 wrote:cobra you think we rebound from here, or the sell of is too strong to go long?

Don't long. This is a failed Double Bottom, careful.

99er · Post by **99er** » Tue Mar 01, 2011 3:03 pm

SPX
To bounce or not to bounce...
http://99ercharts.blogspot.com/2011/03/spx_8672.html

Post by **Cobra** » Tue Mar 01, 2011 3:03 pm

Nothing new to say, just don't long.

simpletrader · Post by **simpletrader** » Tue Mar 01, 2011 3:05 pm

Cobra wrote:3 push down, so the market could be bottomed here (intraday only). Let's see how rebound goes.

2nd legs coming in 60min chart

greenback · Post by **greenback** » Tue Mar 01, 2011 3:06 pm

Looks like $SPX is going to 1304 ...

Post by **Cobra** » Tue Mar 01, 2011 3:07 pm

Little Fib measurement, info only. Still nothing to say.

simpletrader · Post by **simpletrader** » Tue Mar 01, 2011 3:10 pm

almost reach the end of falling wedge.

Roadrunner · Post by **Roadrunner** » Tue Mar 01, 2011 3:12 pm

Cobra
Learning from this intraday messages and from all who contribute. I couldn't help but notice the inverse relationship spx vs oil as we approach 100$/barrel WTI. Do you think the TA of Oil prices have meaningful forecast for spx?

greenback · Post by **greenback** » Tue Mar 01, 2011 3:13 pm

Iran is probably in a bigger trouble than people have thought ...

Post by **Cobra** » Tue Mar 01, 2011 3:15 pm

Roadrunner wrote:Cobra
Learning from this intraday messages and from all who contribute. I couldn't help but notice the inverse relationship spx vs oil as we approach 100$/barrel WTI. Do you think the TA of Oil prices have meaningful forecast for spx?

Nowadays it works, but not always. Generally, a strong oil is good for stock market, but when oil goes too high, it'll become bad for the market. And another thing, how to know it could be a later stage of a bull market? Watch energy sector, if it rises crazy like now, well, be careful.

Post by **Cobra** » Tue Mar 01, 2011 3:18 pm

Fib 61.8 retracement, let's see how market reacts here.

KENA · Post by **KENA** » Tue Mar 01, 2011 3:23 pm

I have to leave early today.Take the wife out for lunch. If we break 1300/1303 we could go to 1290 the 50ema.

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03/01/2011 Intraday Watering

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