03/07/2011 Intraday Watering

Post by **Cobra** » Mon Mar 07, 2011 11:03 am

2 legged pullback to 15 min OR low now rebound back to 15 min OR high, a breakout would be a good news for bulls. Wait.

greenback · Post by **greenback** » Mon Mar 07, 2011 11:04 am

CL is forming a down channel on the 5m chart ...

Post by **Cobra** » Mon Mar 07, 2011 11:06 am

Morning Range, let's see in which direction it breaks first. Break on the downside first will mean the gap will be filled, but I think the first pullback will fail as this at least should be 2 legged up.

BullBear52x · Post by **BullBear52x** » Mon Mar 07, 2011 11:09 am

Down trend day? got my coffe money already

Me XMan · Post by **Me XMan** » Mon Mar 07, 2011 11:10 am

Can't figure out where it's going today yet.

BullBear52x wrote:Down trend day? got my coffe money already

greenback · Post by **greenback** » Mon Mar 07, 2011 11:10 am

SPY may fill the gap today following IWM and QQQQ

greenback · Post by **greenback** » Mon Mar 07, 2011 11:13 am

well, bulls need to worry ... hope you guys sold the rally a few min ago ...

BullBear52x · Post by **BullBear52x** » Mon Mar 07, 2011 11:14 am

Me XMan wrote:Can't figure out where it's going today yet.

BullBear52x wrote:Down trend day? got my coffe money already

agree as far as directional, but I sense the weakness.

Me XMan · Post by **Me XMan** » Mon Mar 07, 2011 11:19 am

Going long SPY for lunch money.
MACD telling me over sold on 1-minute.
5-minute chart at even.

BullBear52x · Post by **BullBear52x** » Mon Mar 07, 2011 11:21 am

Me XMan wrote:Going long SPY for lunch money.
MACD telling me over sold.

132.10 maybe not here.

greenback · Post by **greenback** » Mon Mar 07, 2011 11:24 am

CL is coming back ...

Me XMan · Post by **Me XMan** » Mon Mar 07, 2011 11:26 am

Can someone give a read on CSCO? Buy at $18?

BullBear52x · Post by **BullBear52x** » Mon Mar 07, 2011 11:35 am

Me XMan wrote:Can someone give a read on CSCO? Buy at $18?

bottom fishing is not me, from looking at the chart of CSCO, it's not a buy for me in any time frame.

Dow Trader · Post by **Dow Trader** » Mon Mar 07, 2011 11:44 am

I closed my Dow shorts waiting for my EUR short positions

balance · Post by **balance** » Mon Mar 07, 2011 11:47 am

dow trader, I ams till holding my short since friday.
As for Euro, timing is critical. Take a look at this, and when it gets to the 'sweet zone', I'll short.

http://www.screencast.com/users/Balance ... c9c9485444

wave · Post by **wave** » Mon Mar 07, 2011 11:49 am

Copper's movement is not encouraging. Actually, copper may not perform very well in March. So stock market as well.

Post by **Cobra** » Mon Mar 07, 2011 11:50 am

Exhaustion bar, could be a rebound here. Don't buy this dip.

BullBear52x · Post by **BullBear52x** » Mon Mar 07, 2011 11:50 am

balance wrote:dow trader, I ams till holding my short since friday.
As for Euro, timing is critical. Take a look at this, and when it gets to the 'sweet zone', I'll short.

http://www.screencast.com/users/Balance ... c9c9485444

alright

agreed, lets take a break for few minutes here.

hutongerchuanzi · Post by **hutongerchuanzi** » Mon Mar 07, 2011 11:52 am

Cobra wrote:Exhaustion bar, could be a rebound here. Don't buy this dip.

Thanks

BullBear52x · Post by **BullBear52x** » Mon Mar 07, 2011 11:55 am

Good long term holding pick is UNG. BWDIK I don't own any yet but will be soon.

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03/07/2011 Intraday Watering

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