03/25/2011 Intraday Watering

Fritz Baxter · Post by **Fritz Baxter** » Fri Mar 25, 2011 3:52 pm

Q's falling back below 50dma, 61.8 retrace, and A=C target reached.
Just bought some QID.

Post by **Cobra** » Fri Mar 25, 2011 3:58 pm

Well, I guess that's it for today. Thank you guys, I'll see you the next Monday. I'll buy the next dip but I believe the 03/16 lows will be retested. Bears still have hope.

Hutong9 users, I'll shut down the forum around 7:30 pm ET and hope to see you guys within an hour or two, don't run away. I WILL BE BACC! bbs.cobrasmarketview users won't be affected. And I'm waiting for 99er's weekend chart, thank you so much, by the way.

huiwangren · Post by **huiwangren** » Fri Mar 25, 2011 4:31 pm

Thanks,laoda

biotrader · Post by **biotrader** » Sat Mar 26, 2011 10:55 am

Cobra, i'm a little confused... you say you'll buy the next dip but you also think the lows will be tested?? if you really think that then wouldn't you wait?

Post by **Cobra** » Sat Mar 26, 2011 12:45 pm

biotrader wrote:Cobra, i'm a little confused... you say you'll buy the next dip but you also think the lows will be tested?? if you really think that then wouldn't you wait?

Buy dip is for one day or two play and in case I'm wrong the buy dip part won't leave me behind. The retest is for a week or two and it's just a expectation which cannot be trusted unless price confirms. Some saying: trade what you see not you believe - I believe the price will fall but until I see that I won't trade that.

kamukak · Post by **kamukak** » Sat Mar 26, 2011 4:44 pm

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

kamukak · Post by **kamukak** » Sat Mar 26, 2011 4:48 pm

still bearish and holding shorts

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03/25/2011 Intraday Watering

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