05/02/2011 Intraday Watering

PLUNGE · Post by **PLUNGE** » Mon May 02, 2011 10:35 am

99er,
I gave the same Wolfe Wave target on a StockCharts pattern, which I understand you cannot open. So yours looks right to me.

KENA · Post by **KENA** » Mon May 02, 2011 10:40 am

MOTR has been good for a $ 2-3 dollar move on each pull back for the the last 2-3 months.It has just about reached its pull back again.I will buy in again but not until after the earning report which is tomorrow the 3rd.

99er · Post by **99er** » Mon May 02, 2011 10:45 am

RUT
Headfake?
http://99ercharts.blogspot.com/2011/05/rut.html

99er · Post by **99er** » Mon May 02, 2011 10:47 am

PLUNGE:

Thanks for the confirmation. Hope that you can find a way to post your charts; would love to see them.

I'm too much of a skinflint and don't want to pay for something when an alternative is free.

Me XMan · Post by **Me XMan** » Mon May 02, 2011 10:59 am

Osama is dead. Just FYI.

Post by **Cobra** » Mon May 02, 2011 11:07 am

not much info. it's not a broad based rally, so my guess is today would close below open. we'll see.

PLUNGE · Post by **PLUNGE** » Mon May 02, 2011 11:10 am

DIA has reached the measured move target of 128.37 up from the 4/18 low.

http://stockcharts.com/c-sc/sc?s=DIA&p= ... 039&r=8491

JTrader · Post by **JTrader** » Mon May 02, 2011 11:21 am

Just got back from the Y and am pleasantly surprised to see that my very large TZA position is not kicking my ass. After seeing the futures last night skyrocket, I thought I'd be a dead man walking today...

KENA · Post by **KENA** » Mon May 02, 2011 11:32 am

The least resistance is dn and it looks like we are heading lower.

Post by **Cobra** » Mon May 02, 2011 11:36 am

OR low as support plus volume surge, so could be a rebound of some kind here. after that we'll see.

Artyomzzz · Post by **Artyomzzz** » Mon May 02, 2011 11:50 am

Breaking down on /ES

Post by **Cobra** » Mon May 02, 2011 11:51 am

the rebound is weak, so we should see at least 2 leg down, now it's the very first leg down.

Artyomzzz · Post by **Artyomzzz** » Mon May 02, 2011 11:53 am

Cobra, the rebound is weak because of low volume on rebound?

stocksage · Post by **stocksage** » Mon May 02, 2011 11:54 am

cletus wrote:Breakdown in this channel puts GOOG at $150 as it struggles at gap resistance. GOOG at $150 puts the S&P well below 900, possibly at lows beneath March 09.

Yeah, goog with a trailing p/e of 4 or 5, yeah thats gonna happen.

99er · Post by **99er** » Mon May 02, 2011 11:55 am

SPX
Update of 60-minute chart.
http://99ercharts.blogspot.com/2011/05/spx_1593.html
Target is the rising wedge's base.

99er · Post by **99er** » Mon May 02, 2011 11:59 am

Cobra:

Where are the like/dislike buttons on this BB?

Post by **Cobra** » Mon May 02, 2011 12:00 pm

Artyomzzz wrote:Cobra, the rebound is weak because of low volume on rebound?

because it looks weak. if you read thousands of charts you know what's strong what's weak. You'll have the instincts.

Post by **Cobra** » Mon May 02, 2011 12:01 pm

99er wrote:Cobra:

Where are the like/dislike buttons on this BB?

no such a button.

ballatines · Post by **ballatines** » Mon May 02, 2011 12:02 pm

SPDR DJIA Tr (DIA) block trade come back again ... this time the signal should be more strong ?

Post by **Cobra** » Mon May 02, 2011 12:13 pm

another rebound attempt, my guess is this time it should go a little far, but odds are it should fail again. let's see.

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05/02/2011 Intraday Watering

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