Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:26 pm
Not good the Navy Seals must land now!!! just kidding. ES can not break here.Cobra wrote:Well, wrong again.BullBear52x wrote:Yes, I wouldn't bet against Cobra.
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03/04/2011 Intraday Watering
Page 9 of 10
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:27 pm
Gaddafi is a USA pawn just like Saddam.
We put them there to control the region.
We will put a different pawn there in near future.
Same game different pawns.
We put them there to control the region.
We will put a different pawn there in near future.
Same game different pawns.
uempel wrote:Some guys want the market to close above the 20 DMA, and I guess they'll succeed (DMA 20 now at 1322.33).
That's fine with me, my only wish is that Gaddafi does not succeed... I'm not politically involved, but that guy is really nuts. Can't imagine how it must be to live under the yoke of a dictator who's crazy.
Furthermore I don't want oil to explode to the upside...
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:29 pm
Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:30 pm
Every Dip Bought By Everybody + Super Tight Stops = Slope of Hope
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:31 pm
Out and flat for the day. Nothing over weekend.
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:32 pm
Not good news for Bulls! ES chart here.
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:33 pm
should we wait for monday to reach 131 to start buying?Cobra wrote:Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:33 pm
The good news today is I finally see some discussion here and now we're on page 9. Thank you guys! 
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:34 pm
I won't buy. Trend is not clear.simpletrader wrote:should we wait for monday to reach 131 to start buying?Cobra wrote:Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:34 pm
I will hold some shorts over the weekend since many are in the money. big bear flag can gap down huge monday.Cobra wrote:Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:36 pm
Support + volume surge, I'll say a rebound here (intraday).
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:36 pm
right at support - the alt wave count on this chart has seemed to play out meaning that we bounce sometime early next week
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:37 pm
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Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:39 pm
SPX seems to be mimicking the OIL patch. Financials are dragging it back from further advance. Someone needs to kickstart the XLF before we set new highs, IMHO
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:43 pm
what a fight. now I have to rethink my weekend plan.Cobra wrote:Support + volume surge, I'll say a rebound here (intraday).
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:44 pm
1325 by close! lol 
havent had a radical stick save in a long time!
wait - I was kidding but here it comes!
havent had a radical stick save in a long time!
wait - I was kidding but here it comes!
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:51 pm
This gonna hurt Da Bears badly.
zombiebraingoo wrote:1325 by close! lol
havent had a radical stick save in a long time!
wait - I was kidding but here it comes!
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:51 pm
cobra, overall you lean towards more downside next week or you think new highs are in play?
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:53 pm
yupMe XMan wrote:This gonna hurt Da Bears badly.
zombiebraingoo wrote:1325 by close! lol
havent had a radical stick save in a long time!
wait - I was kidding but here it comes!
Re: 03/04/2011 Intraday Watering
Posted: Fri Mar 04, 2011 4:54 pm
Well, like I said, bears are losing the battle, dip buyers are more and more aggressive so the lower is higher and higher. If no follow-through the next Monday, then bears are over again. I think that's it for today, thank you guys, see you the next Monday.