05/04/2011 Intraday Watering

maldini · Post by **maldini** » Wed May 04, 2011 11:21 am

Cobra wrote:too bad, breakdown, consolidation then down, should be more on the downside, be careful.

TOOO BAD

agnosia · Post by **agnosia** » Wed May 04, 2011 11:23 am

damn.. stopped out even. cobra where is your next support?

BullBear52x · Post by **BullBear52x** » Wed May 04, 2011 11:24 am

IWM begging for Gap support to hold, Last stand for the little cap.

uempel · Post by **uempel** » Wed May 04, 2011 11:28 am

Reliable chart is still on a buy signal, and short term there should be a bounce around 1340ish... If I go long at 1340 it will only be for DT.

99er · Post by **99er** » Wed May 04, 2011 11:32 am

Just A Reuters Headline For Now

Breaking News: Treasury says roughly $2 trln debt limit increase needed to keep govt. operating through 2012: sources

Post by **Cobra** » Wed May 04, 2011 11:32 am

agnosia wrote:damn.. stopped out even. cobra where is your next support?

still fighting the support, but I believe the next support will be visited.

agnosia · Post by **agnosia** » Wed May 04, 2011 11:39 am

thanks.. so that's /es 1336-38... will try a long if we get down to 1338 again.

Post by **Cobra** » Wed May 04, 2011 11:44 am

I think chances are high that the support will hold for awhile, we shall see a 2 legged rebound here.

99er · Post by **99er** » Wed May 04, 2011 11:45 am

Crude
Whee!
http://99ercharts.blogspot.com/2011/05/crude_04.html

BullBear52x · Post by **BullBear52x** » Wed May 04, 2011 11:52 am

Fear factor, then and now. see MACD hist.

99er · Post by **99er** » Wed May 04, 2011 11:54 am

RUT
Whee!
http://99ercharts.blogspot.com/2011/05/rut_04.html

agnosia · Post by **agnosia** » Wed May 04, 2011 11:56 am

trying long /es 1340...

99er · Post by **99er** » Wed May 04, 2011 11:59 am

ES
Support at 1320.
http://99ercharts.blogspot.com/2011/05/es-zb.html

Post by **Cobra** » Wed May 04, 2011 12:06 pm

rebound as I said, now let's see if the first touch of EMA in 2 hours could be another sell opportunity, aka L2 short.

99er · Post by **99er** » Wed May 04, 2011 12:09 pm

SPX
Back test complete.
http://99ercharts.blogspot.com/2011/05/spx_2513.html
Good luck, bulls.

agnosia · Post by **agnosia** » Wed May 04, 2011 12:13 pm

Cobra wrote:rebound as I said, now let's see if the first touch of EMA in 2 hours could be another sell opportunity, aka L2 short.

yep i think so. i dumped my long at /es 1342. made a wopping 2 points today. woo-hoo... lol.

99er · Post by **99er** » Wed May 04, 2011 12:22 pm

COMP
Looks like we have some gaps to fill, eh?
http://99ercharts.blogspot.com/2011/05/comp_04.html

Post by **Cobra** » Wed May 04, 2011 12:24 pm

retest the previous low, let's see how bulls defend here.

uempel · Post by **uempel** » Wed May 04, 2011 12:33 pm

The longer the market is hovering at 1342/44 the less I believe in a strong rebound:

Me XMan · Post by **Me XMan** » Wed May 04, 2011 12:40 pm

Bulls are coming out when SPX below 1300.

Cobra wrote:retest the previous low, let's see how bulls defend here.

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05/04/2011 Intraday Watering

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