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03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:01 am
by Cobra
Flat open, any gap will be filled and the day could be a range day so may have nothing to say.
Institutional buying and selling actions, no accumulation yesterday, interesting.
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Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:05 am
by 99er
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:14 am
by cletus
Jim Rogers, a famous billionaire investor, was on Bloomberg saying he was wanting to buy the Nikkei, but he hasn't dipped in yet. That means the Nikkei selloff may not be over, hence, the US markets may still have more downside to go. That said, I will definitely look to unwind my short-term book of shorts on a dip today (anything I can quickly buy back if needed) and put in some stops on profitable long-term short positions. The turn date is this weekend, so if it's a low, the markets may still sell into the weekend. If they recover into the weekend, it might be a short-term top.
We are now entering the official full moon cycle, which is often the most bearish.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:18 am
by cletus
Housing data was abysmal but financials and reits are trading higher this morning. Odd. Not really that bearish yet.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:22 am
by Instigator928
Oil service stocks seem to be waking up premarket...
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:26 am
by KENA
FYI... Stocktiming this morning says ...All 3 indexes had Sell signals yesterday...Institutions were in distribution...Liquidity is still high which could off set the selling. Wait and see.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:31 am
by Cobra
The opening.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:33 am
by Cobra
cletus wrote:Housing data was abysmal but financials and reits are trading higher this morning. Odd. Not really that bearish yet.
Housing sector has been one of the strongest sector ever since the March 2009 rally, it has nothing to do with any data.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:36 am
by cletus
Real estate selling off more aggressively now, not a great sign for the morning trade at least. Financials are up on the day, that's not too bad.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:40 am
by stocksage
aapl the tech leader the whole rally closed below its 50dma yesterday for the first time since August 2010
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:40 am
by BullBear52x
morning,
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:40 am
by 99er
Nikkei Futures
The cost to Japan for this bounce? Y26.5 Trillion ($325 Billion):
http://99ercharts.blogspot.com/2011/03/nikkei_16.html
Gotta love them central bankers.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:42 am
by stocksage
ibm downgraded, goog down.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:42 am
by Cobra
some support here. I'm surprised (kidding) that we don't huge huge rally today like before.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:53 am
by Cobra
I see small double bottom and big double bottom here, so if I may guess the morning low was in - if we get another 5 min bull far as follow-through.
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 9:54 am
by alf
due to uncertainty about nuclear plant of Japan
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 10:00 am
by tradersu
Looks like she wants to go lower...
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 10:03 am
by parker
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 10:04 am
by jamesmith
H1 buy here?
Re: 03/16/2011 Intraday Watering
Posted: Wed Mar 16, 2011 10:06 am
by BullBear52x
watch this bear flag, went through it a little this morning,