03/16/2011 Intraday Watering

[thelefteyeguy]

all is well again...dip buyers come on in....the price is right

[Me XMan]

Ain't going short until all these events are subsided.
Someday damn bulls gonna open with 30 SPX points up if condition improves.

100% cash now. Don't like the trading, it's the kind of movement where you start to make horrible decisions as price moves wildly. NYMO is too low anyway, so being short is not as favorable as it was.

[KENA]

Cobra and Others I ment Quiet. Xcuse my spelling

[BullBear52x]

Cobra.. You are to quite today

Well, a big mess like today, just don't move. You have plenty of chances to earn money, so let's watch. Here's how I read, green and pink are saying we're doomed but my secret weapon doesn't agree or at least confused.

secret weapon? let me see please....

[Cobra]

Cobra.. You are to quite today

Well, a big mess like today, just don't move. You have plenty of chances to earn money, so let's watch. Here's how I read, green and pink are saying we're doomed but my secret weapon doesn't agree or at least confused.

secret weapon? let me see please....

Still under observation. If the weapon is as powerful as I've so far observed, we should keep rebounding here. That was just a panic sell, nothing more.

[lqiantobe]

corba~ should be another leg down, right?

[Cobra]

I'm not on bull side as I clearly said in my recap, but I still think this is just a panic sell causing by some heavy weighted stocks therefore may not go far, see chart below, you see IWM far far away from testing yesterday's low? That said, I think now the better idea is to watch on the sideline let the market sort out.

[99er]

Copper
Not looking bullish.
http://99ercharts.blogspot.com/2011/03/copper_16.html

[BullBear52x]

counter trend or dip buyers, the result is HERO or OOOpz!. if you are careful enough and fast enough to take profit, buying at BB20,3.0 success rate is really high short term scalping, I don't know what the exact stat in winning rate but I know well over 80% at least from my experience, the down side is You only got it once in a blue moon. lately, one hit yesterday and one hit today today.

[lqiantobe]

corba, do you know such kind of suddenly drop , is there another leg down follow through?

[99er]

10-Year Note
Here's something bullish...
http://99ercharts.blogspot.com/2011/03/10y_16.html

[tradersu]

corba, do you know such kind of suddenly drop , is there another leg down follow through?

if headline on cnbc is right - we are going much lower buddy.

[lqiantobe]

where is cobra?

[Cobra]

Not sure if this is a double top breakdown. Green curve is terrible far lower low now.

[Cobra]

corba, do you know such kind of suddenly drop , is there another leg down follow through?

I said don't move. The market is in a big mess, so don't move.

[wave]

USDJPY new high!

[99er]

30-Year Bond
Is that a Shooting Star developing on the Long Bond?
http://99ercharts.blogspot.com/2011/03/30y_16.html

[Me XMan]

Big mess alright...one big fricking mess!

corba, do you know such kind of suddenly drop , is there another leg down follow through?

I said don't move. The market is in a big mess, so don't move.

[thelefteyeguy]

lets bust 1261 and test 1240...

[99er]

SPX
Beep beep...
http://99ercharts.blogspot.com/2011/03/spx_3615.html
Heading for the fast lane.