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02/28/2011 Intraday Watering

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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

Simsonic wrote:
Cobra wrote:
nelsonbelchior wrote:Cobra it looks like bears are dead? lol :D
Not yet.
With tomorrow March 1, historically the funds buy big on the first day of MArch, so the bears might go into hibernation for a few days.
There's a catch, looks to me, every 6 or 7 consecutive up 1st trdaing day of the month, there're 2 consecutive down 1st day of the month.
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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

Yes, this could pretty much be the reversal I talked. 3 push up, overshot, then failed test of the previous high then rollback. Let's see.
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cletus
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Re: 02/28/2011 Intraday Watering

Post by cletus »

The market retraces a bit and suddenly the bears are dead? lol. The market is stopping right at the resistance signal line. ie bearish. Even if the market touches the old high, it will only strengthen the sell off (double top)
balance
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Re: 02/28/2011 Intraday Watering

Post by balance »

$TRIN is telling me, it's a quite 'distribution'...
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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

cletus wrote:The market retraces a bit and suddenly the bears are dead? lol. The market is stopping right at the resistance signal line. ie bearish. Even if the market touches the old high, it will only strengthen the sell off (double top)
A 1%+ up day, the bears are pretty much dead. A failed gap today, then still there'll be a 2nd leg down. A so so day, then both bear and bull have chances.

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Travelfrog
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Re: 02/28/2011 Intraday Watering

Post by Travelfrog »

Have a strange SPX chart, is this a problem with proRealTime? Seems we keep getting a low of 1324.32
spx-28-02-11.png
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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

some support here.
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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

I'll say a rebound of some kind here, then perhaps another leg down.
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huiwangren
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Re: 02/28/2011 Intraday Watering

Post by huiwangren »

maybe the open price is a bottom
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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

Not sure if this is an EMA Gap long.
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BullBear52x
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Re: 02/28/2011 Intraday Watering

Post by BullBear52x »

I say we see the HI for the week, just kidding... we are heading lower, $TICK and $TICKQ and $VIX said so.
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99er
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Re: 02/28/2011 Intraday Watering

Post by 99er »

jwishbone: "Hi 99er, thanks for posting your charts. They always look nice. Could you please put more comments to explain what you want us to see in your chart?"

I'll try to elaborate but more often than not a picture saves me a thousand words.
greenback
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Re: 02/28/2011 Intraday Watering

Post by greenback »

Short sales fell last month to the lowest level since 2007, NYSE Euronext says, as many bears threw in their hands and surrendered. Shorts did rise in the first half of February, but the long-short ratio is over 12:1; "With most companies in robust health it is not a target-rich environment.”
greenback
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Re: 02/28/2011 Intraday Watering

Post by greenback »

The Fed buys $6.69B in Treasurys maturing 2013-2015, of $38.868B submitted by dealers, in today's POMO
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TheGift
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Re: 02/28/2011 Intraday Watering

Post by TheGift »

And much more POMO coming.
greenback
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Re: 02/28/2011 Intraday Watering

Post by greenback »

Any credibility on this guy's analysis:

Raymond James' Jeffrey Saut thinks last week's drop in stocks was the beginning of a 5%-10% correction, believing that it would be rare to see the extreme bullish sentiment ahead of the sell-off worked off in a mere three sessions.
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BullBear52x
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Re: 02/28/2011 Intraday Watering

Post by BullBear52x »

TheGift wrote:And much more POMO coming.

agree, that's why I throw out all my long time frame chart and stick to 1m and 1h chart, daily is useless almost. GL
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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

Not sure about this L2 short either, better chance than EMA Gap long a moment ago.
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Cobra
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Re: 02/28/2011 Intraday Watering

Post by Cobra »

2 bar reversal and H2, could be bottomed there. A trade here requires a little trick by placing doubled stop loss in case a failed double bottom. A failled double bottom would be very good new for bears. Now it's good news for bulls.
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greenback
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Re: 02/28/2011 Intraday Watering

Post by greenback »

Jan. Pending Home Sales: -2.8% to 88.9 vs. -3.2% expected, -3.2% prior (revised), -1.5% Y/Y.
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