02/27/2012 Intraday Watering

[Cobra]

Gap down below Friday's low so the gap might not be filled, not sure.

Either Global ES or the regular hour ES, now it begins to have a look of Double Top but like I said in the weekend report, it's essential for bears to decisively break below the blue line. Let's see if those dip buyers step in once again to buy this dip.

[Petsamo]

Everybody sold off overnight, Nikkei, Hang Seng. India sold off big.

[noob]

Morning!

Wow it's so quiet today.

[Cobra]

the open.

[jarbo456]

SPY at a key level now. looks kind of extended though...bears will have to find some sort of strength to make this breakdown decisive.

[Cobra]

key support on Global ES now.

[bbc]

key support on Global ES now.

any bias??? for me, I am looking for BO, as I am still holding bunch of VIX futures

[Cobra]

key support on Global ES now.

any bias??? for me, I am looking for BO, as I am still holding bunch of VIX futures

No bias, key time. this is an important support.

[soku]

10 point drop overnight. i guess es need a stop. time to work on exit and wait for the next move
sup cld be around 1350-1352

[SWalsh]

Hourly T-Theory hit Friday, FWI:

[bbc]

key support on Global ES now.

any bias??? for me, I am looking for BO, as I am still holding bunch of VIX futures

No bias, key time. this is an important support.

then we need 10:00 and 10:30 data to see it~

[stucap]

key support on Global ES now.

any bias??? for me, I am looking for BO, as I am still holding bunch of VIX futures

No bias, key time. this is an important support.

There's some room on the VWAP today --- so perhaps we'll get some more selling. I think we'll have a bounce, actually, I am certain of one, the questions remain --- how high will the bounce go? and can we get a second leg down??

[SWalsh]

A reminder that the mkt really can't stay here when this happens. It hits or misses. If it misses we march higher. If not, a significant top will be anywhere from last week to the next 2 weeks under T-Theory (see Terry Laundy).

[Richarab]

key support on Global ES now.

any bias??? for me, I am looking for BO, as I am still holding bunch of VIX futures

No bias, key time. this is an important support.

There's some room on the VWAP today --- so perhaps we'll get some more selling. I think we'll have a bounce, actually, I am certain of one, the questions remain --- how high will the bounce go? and can we get a second leg down??

hamstrings out early today... can they punt it higher? or just keep it bobbling about!

[stucap]

A reminder that the mkt really can't stay here when this happens. It hits or misses. If it misses we march higher. If not, a significant top will be anywhere from last week to the next 2 weeks under T-Theory (see Terry Laundy).

Bears are missing the boat again......Sellers need to show up ASAP or we'll be green............

[SWalsh]

Your tax dollars at work:

[Petsamo]

I'm back in UNG @ 21.19, 40 shares only

[Cobra]

rebound exactly from the support, but still cannot say bears failed, so let's wait.

[Me XMan]

Got my poison $136.19

[SWalsh]

the open.

Cobra, any odds on closing the opening gap? I have multiple things that say gravity "might" take hold. One was being flat %^$#