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Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 2:32 pm
by BullBear52x
zombiebraingoo wrote:BullBear52x wrote:Bear flag all over the indexes...heads up boys and girls
on what time frames? Daily charts look fine to me...if intc can break above 21.75 uptrend will continue.
these pullbacks, especially in the tech and small caps are normal beta volitility - sure you can trade it but unless there is a real breakdown that hammers the tecnicals then you get profit taking followed by consolidation followed by a move higher - this has been the bears problem since aug last year and why they get skinned!
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 2:49 pm
by Me XMan
BullBear52x. Nice setup for 1-min.
Someone stuck a fork in?
From Guy Lerner
Spiking oil is usually how equity bull markets end. It was only a matter of time before all that Fed created liquidity found its way into the oil markets, and the unrest in the Middle East is the spark to light the fire.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:09 pm
by BullBear52x
Me XMan wrote:BullBear52x. Nice setup for 1-min.
Someone stuck a fork in?
From Guy Lerner
Spiking oil is usually how equity bull markets end. It was only a matter of time before all that Fed created liquidity found its way into the oil markets, and the unrest in the Middle East is the spark to light the fire.
Thx, bearflag is not confirm unless the recent low is taken out. Caution, this could turn into bear trap!
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:09 pm
by 99er
EURUSD
Looks like prices are setting up for a correction.
http://99ercharts.blogspot.com/2011/03/eurusd_3471.html
Ben's saying "merde alors."
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:12 pm
by Rip Van Trader
1:45-2:05
Little bullish 'M' on ES. 8|
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:19 pm
by BullBear52x
Lets see from it's now completed flag retest.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:26 pm
by Cobra
Still nothing to say. Don't know the volume surge means anything here. The overall picture still looks like a continuation pattern so after the consolidation/rebound over, we may see the market continue down. For now, no idea when the consolidation/rebound will be over.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:27 pm
by 99er
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:28 pm
by Cobra
If I may guess, a little pullback here should be...
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:45 pm
by BullBear52x
Bulls won today's round, at the low end but winning
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:56 pm
by BullBear52x
I am still leaning bearish in bigger picture nothing has change. see you all tomorrow.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 3:58 pm
by greenback
bulls are stuck by ema50 on the 15m chart ... this is also the OR support on last Fri ...
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:00 pm
by 99er
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:16 pm
by 99er
SPX
Possible IH&S on the 60-minute chart.
http://99ercharts.blogspot.com/2011/03/spx_5184.html
My bet? 1301.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:22 pm
by Cobra
One more guess for totally clueless day. Volumn surge plus 3 push up and at range high, so should be a small pullback here.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:27 pm
by EvilTrader
Oil babe, oil !
Back to the highs !
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:30 pm
by balance
Cobra wrote:One more guess for totally clueless day. Volumn surge plus 3 push up and at range high, so should be a small pullback here.
“totally clueless day” indeed!
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:31 pm
by Me XMan
Transport telling bearish story.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:31 pm
by Cobra
EvilTrader wrote:Oil babe, oil !
Back to the highs !
Purely from the chart, breakout on the upside has better chances.
Re: 03/02/2011 Intraday Watering
Posted: Wed Mar 02, 2011 4:36 pm
by 99er
USO
To see what a POS this ETF really is, go to stockcharts.com and compare USO to WTIC. USO has failed to track the actual price of crude.