03/22/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Tue Mar 22, 2011 10:51 am

TRAN is selling off hard, leading indicator?

Post by **Cobra** » Tue Mar 22, 2011 10:56 am

Range low support, let's see. The pullback is a little bit broad based, heavy weighted stocks are holding.

abracadabra · Post by **abracadabra** » Tue Mar 22, 2011 10:58 am

Today bull subdued...

verve$ · Post by **verve$** » Tue Mar 22, 2011 11:00 am

Cobra wrote:Overall, the chart pattern still looks bullish.

Inverse H&S rarely works in a downtrend

Post by **Cobra** » Tue Mar 22, 2011 11:01 am

Could be exhaustion bar, so rebound here I guess.

99er · Post by **99er** » Tue Mar 22, 2011 11:05 am

SPX
Target 1214.
http://99ercharts.blogspot.com/2011/03/spx_22.html

Post by **Cobra** » Tue Mar 22, 2011 11:07 am

Info. A little trendline here.

verve$ · Post by **verve$** » Tue Mar 22, 2011 11:08 am

Spy forming L1 on daily chart.
Could be a sell opportunity

simpletrader · Post by **simpletrader** » Tue Mar 22, 2011 11:18 am

99er wrote:SPX
Target 1214.
http://99ercharts.blogspot.com/2011/03/spx_22.html

need to break down 1250 first

deep · Post by **deep** » Tue Mar 22, 2011 11:30 am

need a bull trap

Fritz Baxter · Post by **Fritz Baxter** » Tue Mar 22, 2011 11:38 am

deep wrote:need a bull trap

If JPM closes below the 50dma today, you may have the bull trap in financials

verve$ · Post by **verve$** » Tue Mar 22, 2011 11:39 am

verve$ wrote:Spy forming L1 on daily chart.
Could be a sell opportunity

I will short this market once it closes below yesterday low

Post by **Cobra** » Tue Mar 22, 2011 12:05 pm

So far the market looks not bad, could be a Bull Flag in the forming therefore more on the upside.

millie · Post by **millie** » Tue Mar 22, 2011 12:08 pm

thought i was seeing bear flags on 5 min last hour?

Post by **Cobra** » Tue Mar 22, 2011 12:10 pm

millie wrote:thought i was seeing bear flags on 5 min last hour?

Could be but the flag is a little too sharp, doesn't look like bears are attacking.

verve$ · Post by **verve$** » Tue Mar 22, 2011 12:11 pm

verve$ wrote:
verve$ wrote:Spy forming L1/L2 on daily chart.
Could be a sell opportunity
I will short this market once it closes below yesterday low.

Likely it should break down and close below yesterday's low. Then tomorrow I expect another range day to test yesterday high; a perfect swing trade setup around 20ma.
Though today's close above yesterday high will negate the setup.

DCS · Post by **DCS** » Tue Mar 22, 2011 12:14 pm

This board is quite the hodgepodge of different opinions today.

BullBear52x · Post by **BullBear52x** » Tue Mar 22, 2011 12:31 pm

OK, got enough coffee money yet? IWM looks sick, Magic market time.

EkOnkaar · Post by **EkOnkaar** » Tue Mar 22, 2011 12:45 pm

L

DCS wrote:
This board is quite the hodgepodge of different opinions today.

I suppose that is what happens on trendless days..no one gets to win decisively.
Ek.

Fritz Baxter · Post by **Fritz Baxter** » Tue Mar 22, 2011 12:46 pm

"Next support is 1220-1170"
Quote from BAC chartist.

http://www.zerohedge.com/article/bank-a ... -says-btfd

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03/22/2011 Intraday Watering

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