03/24/2011 Intraday Watering

[Cobra]

Too bad, cannot even make a higher high. I think this pullback may go awhile.

[99er]

SPX
EW count.
http://99ercharts.blogspot.com/2011/03/spx_5152.html
Should start (iii) down.

[zombiebraingoo]

macd betrayed the fractal!

holly fractured fractal Batman!

looks like we test 1303

[BullBear52x]

SPX
EW count.
http://99ercharts.blogspot.com/2011/03/spx_5152.html
Should start (iii) down.

99er, can you please post $SOX per your counts, TIA

[uempel]

By chance I came across yesterday's chart, it seems as though it's also important today:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=2

[zombiebraingoo]

that 5 min fractal is back in play - last chance for the bulls to hold the line or we test 1303

and here they come those bulls!

i think we move higher along the trendline on my 5 min chart

[KENA]

If we close below 1305 that will be good for bears. I am still bearish.

[uempel]

SPX
EW count.
http://99ercharts.blogspot.com/2011/03/spx_5152.html
Should start (iii) down.

99, are you trading where your mouth is? - you sure have a bearish bias. My view: if SPX can pierce resistance at 1314 today or tomorrow the recent correction might have been a 4th wave and SPX could try to print a new high. I'm not bullish, but neither is the market bearish...

[zombiebraingoo]

If we close below 1305 that will be good for bears. I am still bearish.

ndx is higher and rut is starting to participate - up all boats!

[99er]

BullBear52X: SOX
Sorry but I don't really have an EW count for SOX; I just have the chart below. Just looking at the 4-hour now, we appear to have finished a 1-2, 1-2 down. Again, I think EW is great after the fact but not that useful for predicting prices.
SOX: http://99ercharts.blogspot.com/2011/03/sox.html

[EkOnkaar]

Put up or shut up time for Bears !

[deep]

I am bearish.
Ready, Set, GO!!!

[BullBear52x]

It's not regitimate to draw a FIB extensions on the down side per my rules, SPY has to trade below 130.42 (yes, penny per penny) before I can draw them. I might not do anything today, just want to hang out for hour or so. SO, The bears need to pack up now, nothing to see here

[99er]

uempel: "99, are you trading where your mouth is?"

Yes. I've been long SDS since mid-February. But people should do their own thing and not trade based on some stupid chart you see on the Internet.

[Me XMan]

Long SDS since mid-Feb should put you down good today?

uempel: "99, are you trading where your mouth is?"

Yes. I've been long SDS since mid-February. But people should do their own thing and not trade based on some stupid chart you see on the Internet.

[BullBear52x]

uempel: "99, are you trading where your mouth is?"

Yes. I've been long SDS since mid-February. But people should do their own thing and not trade based on some stupid chart you see on the Internet.

I can not believe you called my charts here stupid

Thanks for response per SOX

[hdenandy]

Please don't tell me now that all these charts posted on here by various people are 'stupid' ??!

And here was I thinking I was learning a thing or two !?

[zombiebraingoo]

the 5min has been playing out along the trendline - albeit along the lower part of the line- still bullish!

the fractal on the chart predicted the turn point perfectly by the way

[Cobra]

OK, retest of the previous high, so my old plan still valid, let's see if after a little breakout, will we have a 2 legged down.

[zombiebraingoo]

uempel: "99, are you trading where your mouth is?"

Yes. I've been long SDS since mid-February. But people should do their own thing and not trade based on some stupid chart you see on the Internet.

you should buy spy sooner than later...imho

and then load up on iau, gdx, slv and slw!

HERE COMES THE PUSH TO 1310! and we are on the upside of the fractal