03/21/2011 Intraday Watering

Post by **Cobra** » Mon Mar 21, 2011 9:07 am

Another 15 points gap up above Friday's range so there're chances that the gap won't be filled. I'm not sure if this is the 3 push up pattern I talked on Friday's After Bell Quick Summary because this is the 3rd time a 15 points gap up open, since the 3rd time is the charm so either it means to go much much higher or fill the gap. Because you can see that the previous 2 times as not fill the gap (so this time the gap will be filled) or no follow-through on gap up open (so this time it will go much much higher). Either way, the first 30 to 60 min after open will tell us the truth.

CL (crude April contract) looks like a consolidation before breakout.

KENA · Post by **KENA** » Mon Mar 21, 2011 9:14 am

It seems lately that the only way to break thru resistance is to gap thru. There is a lot of resistance ahead.Stocktiming.com did not have to much different to say. So like Cobra says wait and see.

stocksage · Post by **stocksage** » Mon Mar 21, 2011 9:19 am

getting close to my predicted 130 on SPY for Monday. Should be an interesting day.

agnosia · Post by **agnosia** » Mon Mar 21, 2011 9:19 am

This has been the case for most of the rally since sept of last year. crazy. i think all eyes are looking at the 20-50SMA bearish cross /es 1300 and i believe it will be a magnet for today and that is where the bull/bear will duke it out..

stocksage · Post by **stocksage** » Mon Mar 21, 2011 9:20 am

If we break 1294 as far as EW goes we only had an ABC down and will push to new highs.

BullBear52x · Post by **BullBear52x** » Mon Mar 21, 2011 9:20 am

morning,

If greed and fear move the market, my fear index indicates no greed just yet, maybe this time is different?

Post by **Cobra** » Mon Mar 21, 2011 9:31 am

The open.

Post by **Cobra** » Mon Mar 21, 2011 9:39 am

Little Fib.

BullBear52x · Post by **BullBear52x** » Mon Mar 21, 2011 9:45 am

Cobra wrote:Little Fib.

Yes, my upper channel SPY acts as resistance also. good breath so far. let it runs to max out RSI on the hourly before doing anything here.

Post by **Cobra** » Mon Mar 21, 2011 9:47 am

Resistance. So far a strong start.

Rezito · Post by **Rezito** » Mon Mar 21, 2011 9:53 am

It's so tempting to short here, but the market seems very strong and the stochastic and RSI still have room to run.

Me XMan · Post by **Me XMan** » Mon Mar 21, 2011 9:54 am

Short some SPY for food money today.

BullBear52x · Post by **BullBear52x** » Mon Mar 21, 2011 9:59 am

Rezito wrote:It's so tempting to short here, but the market seems very strong and the stochastic and RSI still have room to run.

1m rsi has lower lowes, I got some shorts in but I am not going to trade major indices today, will hunt individual stocks today.

99er · Post by **99er** » Mon Mar 21, 2011 10:02 am

Morning.
/ES target of 1220.
http://99ercharts.blogspot.com/2011/03/es_1758.html
Good luck.

maldini · Post by **maldini** » Mon Mar 21, 2011 10:04 am

Good morning..

Post by **Cobra** » Mon Mar 21, 2011 10:04 am

Still fighting resistance.

Rezito · Post by **Rezito** » Mon Mar 21, 2011 10:14 am

BullBear52x wrote:
Rezito wrote:It's so tempting to short here, but the market seems very strong and the stochastic and RSI still have room to run.
1m rsi has lower lowes, I got some shorts in but I am not going to trade major indices today, will hunt individual stocks today.

Consolidation can only be good for the bulls here.

BullBear52x · Post by **BullBear52x** » Mon Mar 21, 2011 10:17 am

Rezito wrote:
BullBear52x wrote:
Rezito wrote:It's so tempting to short here, but the market seems very strong and the stochastic and RSI still have room to run.
1m rsi has lower lowes, I got some shorts in but I am not going to trade major indices today, will hunt individual stocks today.

Consolidation can only be good for the bulls here.

Scalping, take the penny and run, so far so good. haven't seen TICKQ over 1000 for some times, today hit the high of 1385, wow!

greenback · Post by **greenback** » Mon Mar 21, 2011 10:19 am

ma20 and ma50 are going to cross on tomorrow or the day after tomorrow ...

Dow Trader · Post by **Dow Trader** » Mon Mar 21, 2011 10:29 am

just shorted Dow for at least 100 points evn if takes to hold overnight

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03/21/2011 Intraday Watering

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