03/03/2011 Intraday Watering

Post by **Cobra** » Thu Mar 03, 2011 1:10 pm

writersblock wrote:If your evil plan plays out, what's the target?

Edit: Just wanted to add that the market feels weak, even with the new high - volume low? Should have been enough to push us up, and keep on going, without the long consolidation, mid-morning.

No idea. Just an intraday play, nothing serious.

wave · Post by **wave** » Thu Mar 03, 2011 1:12 pm

Copper is dropping. Bulls be careful.

Dow Trader · Post by **Dow Trader** » Thu Mar 03, 2011 1:14 pm

Oil still at level that presure the Dow..
Dow at resistance area 12240 - 12270
reminder, resistance is resistance until proven otherwise (if market is not trending)
the hourly chart clearly show range market so I will short this area and wait to see how will be the close. In addition to that volume getting higher and higher her in Dow global.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 03, 2011 1:23 pm

we be stuck at resistance on daily charts -

If the employment report is even a little rosey then we blast up and out.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 03, 2011 1:24 pm

heavy profit taking on the HUI

with the dollar slipping even more this would be a good entry again into PM's and PM stocks for those who have avoided the show.

possibly the last station before the train pulls out fast

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 03, 2011 1:28 pm

spx is testing the wedge - possible we break out right here, right now!

simpletrader · Post by **simpletrader** » Thu Mar 03, 2011 1:28 pm

Cobra wrote:Maybe too early to say, but I couldn't help thinking that the market is not as strong as it appears as too many shadowed bars there.

wedge top again?

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 03, 2011 1:31 pm

60 min looks like it might retest 1325 and the pop

Simsonic · Post by **Simsonic** » Thu Mar 03, 2011 1:39 pm

we are creeping up to my res/sup line on SPX 1328.25...watch out...one way or another.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 03, 2011 1:39 pm

5 min looks like it wants to break out once the MACD decides to stop falling

Post by **Cobra** » Thu Mar 03, 2011 1:39 pm

There's a trend line resistance here.

Post by **Cobra** » Thu Mar 03, 2011 1:41 pm

simpletrader wrote:
Cobra wrote:Maybe too early to say, but I couldn't help thinking that the market is not as strong as it appears as too many shadowed bars there.
wedge top again?

Not anymore, seems there's more push up ahead.

Post by **Cobra** » Thu Mar 03, 2011 1:42 pm

This kind of consolidation is good for bulls.

Post by **Cobra** » Thu Mar 03, 2011 1:57 pm

Indeed, breakout. So failed my evil little plan.

Me XMan · Post by **Me XMan** » Thu Mar 03, 2011 1:57 pm

Dropped a few bucks today.

simpletrade · Post by **simpletrade** » Thu Mar 03, 2011 1:58 pm

Ask the SINA question again, from charts only, yesterday, huge volume(6x average), hammer, double bottom, today up with the market, does this confirm it had the short term bottom?

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 03, 2011 2:03 pm

5 min spx is holding the line...

RUT is in the gap - bullish imho

BullBear52x · Post by **BullBear52x** » Thu Mar 03, 2011 2:10 pm

simpletrade wrote:Ask the SINA question again, from charts only, yesterday, huge volume(6x average), hammer, double bottom, today up with the market, does this confirm it had the short term bottom?

I am very short term oriented, SINA daily trades under 5ma, hourly<200ma, 10m<200ma, 1m<200ma. If I play this one it's a short in my book.

uempel · Post by **uempel** » Thu Mar 03, 2011 2:12 pm

I agree with Zombie about 1332:

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 03, 2011 2:14 pm

BullBear52x wrote:
simpletrade wrote:Ask the SINA question again, from charts only, yesterday, huge volume(6x average), hammer, double bottom, today up with the market, does this confirm it had the short term bottom?

I am very short term oriented, SINA daily trades under 5ma, hourly<200ma, 10m<200ma, 1m<200ma. If I play this one it's a short in my book.

Ben loves tasty fresh bear meat!

just kidding! - Nasdaq and Rut do seem to be stuck at the gaps.

tomorrow is the gloss over employment report that is sure to fire up the bulls unless CIA stirs up the middle east some more!

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03/03/2011 Intraday Watering

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