03/16/2011 Intraday Watering

Post by **Cobra** » Wed Mar 16, 2011 2:07 pm

agnosia wrote:hey cobra i think you will be proud of the bears at the close today my usual counter trend v-shaped reversal signals are not working.

Still 2 hours to go, anything can happen.

99er · Post by **99er** » Wed Mar 16, 2011 2:08 pm

SPX
Life in the fast lane.
http://99ercharts.blogspot.com/2011/03/spx_1646.html

thelefteyeguy · Post by **thelefteyeguy** » Wed Mar 16, 2011 2:09 pm

about to shed some tears of joy...

Post by **Cobra** » Wed Mar 16, 2011 2:14 pm

Some fib support here.

Me XMan · Post by **Me XMan** » Wed Mar 16, 2011 2:16 pm

The 200-DMA is SPX 1223 and this could be the bottom for a significant bounce.
I'll be loading my trucks here for a ride.

simpletrader · Post by **simpletrader** » Wed Mar 16, 2011 2:18 pm

back to the beginning of this year.

thelefteyeguy · Post by **thelefteyeguy** » Wed Mar 16, 2011 2:19 pm

Me XMan wrote:The 200-DMA is SPX 1223 and this could be the bottom for a significant bounce.
I'll be loading my trucks here for a ride.

me too

BullBear52x · Post by **BullBear52x** » Wed Mar 16, 2011 2:20 pm

seriously guys, this is true color of bear run.

Post by **Cobra** » Wed Mar 16, 2011 2:20 pm

Nothing to say. Bulls should remain calm now.

Me XMan · Post by **Me XMan** » Wed Mar 16, 2011 2:22 pm

Bulls are rocking in fetus position in the corner of Fed building.

Cobra wrote:Nothing to say. Bulls should remain calm now.

Dow Trader · Post by **Dow Trader** » Wed Mar 16, 2011 2:28 pm

bught Dow 11540 (for 100 points at least) and Oil 97.50 holing for friday's close

chickencoop · Post by **chickencoop** » Wed Mar 16, 2011 2:28 pm

Me XMan wrote:Bulls are rocking in fetus position in the corner of Fed building.

Cobra wrote:Nothing to say. Bulls should remain calm now.

that was me

EkOnkaar · Post by **EkOnkaar** » Wed Mar 16, 2011 2:29 pm

Cramer mentioned on CMBS yesterday that he is not excited about this rather low pull back, and it's noy even to Nov levels..so hot money is waiting, I suppose..Ek

uempel · Post by **uempel** » Wed Mar 16, 2011 2:30 pm

I've got many charts with support at 1250, but it's not my preferred support. I'm not going long here.

Post by **Cobra** » Wed Mar 16, 2011 2:32 pm

chickencoop wrote:
Me XMan wrote:Bulls are rocking in fetus position in the corner of Fed building.

Cobra wrote:Nothing to say. Bulls should remain calm now.
that was me

Let's see how this rebound go, usually should fail and the low being tested again, but today's very special, I finally sense some panic here, so hard to say, PPT may be involved now.

99er · Post by **99er** » Wed Mar 16, 2011 2:34 pm

/ES
Diamond Top target of 1242 basically hit.
http://99ercharts.blogspot.com/2011/03/es_9790.html

thelefteyeguy · Post by **thelefteyeguy** » Wed Mar 16, 2011 2:35 pm

PPT will get involved if it reaches 1222

Post by **Cobra** » Wed Mar 16, 2011 2:35 pm

QQQQ is on Nov high support.

uempel · Post by **uempel** » Wed Mar 16, 2011 2:35 pm

EkOnkaar wrote:Cramer mentioned on CMBS yesterday that he is not excited about this rather low pull back, and it's noy even to Nov levels..so hot money is waiting, I suppose..Ek

Do you listen to Cramer? Sorry, but I don't believe anybody with big or hot money would listen to him. Honestly, he just talks words. If he were any good he would not be a journalist at CNBC.

99er · Post by **99er** » Wed Mar 16, 2011 2:37 pm

NEW YORK (Reuters) - Stocks fell 2 percent on Wednesday and the S&P turned negative for the year as worries about Japan's nuclear crisis escalated.

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03/16/2011 Intraday Watering

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