03/29/2012 Intraday Watering

[SB73]

SPX: If price has the intention to unfold an Ending Diagonal wave (5) this could be a potential option:

From an EW perspective this is my thought as well, although not sure about the higher high. Again I am by no means a subject matter expert on EW.

[uempel]

Update:

[noob]

my bias is up (yes, it's up) but if bears could simply consolidate here, then it'd be real good for bears, let's see.

Cobra, Why up? And any updates? Thanks.

[TWT]

DAX is in trouble as price has breached the TL support that connects the wave (2) with the wave (4)

A potential top could be in place

[tomsky]

EURUSD not felling the love of bears, only audjpy put a lower low. I don't like this action, if bears can't make it here they're doomed. And given uempel's signal i say today the battle may be lost. If after 11 i don't see a lower low i'm out.

[BullBear52x]

EURUSD not felling the love of bears, only audjpy put a lower low. I don't like this action, if bears can't make it here they're doomed. And given uempel's signal i say today the battle may be lost. If after 11 i don't see a lower low i'm out.

Bull flag on EURUSD is no more.

[soku]

feel like a reb is coming. the question is shd i short he pop?

[stucap]

Scalper bounce here. Let's see how high they can get.....

[Al_Dente]

flash squeeze-oid on ZSL is failing

[BullBear52x]

Bears should have a high hope this time around see daily RSI 14 (EMA) is now below 50 on both /ES and SPY, it went below last week and came right back up this time will it be able to get back up? something simple but very powerful for swing guys.

[Denali92]

Just a reminder on quarter ends - WHEN we HAVE NOT SOLD OFF in to QUARTER END OPEX since the 2009 lows - there have been SHARP quarter end pullbacks

-Mar 09 53 pt Thursday to Monday pullback and then low was re-tested on the 1st
-July 09 - Correctly sharply with June opex
Sep 09 - High on the Tuesday of quarter end week - Fell 50 pts in to the Friday (2-Oct)
Dec 09 - Tues high - low at the end of the week
March 10 - relentless rally - did not work
June 10 - Peaked at opex - fell relentlessly till 1-July
Sep 10 - Fell on 30th - bottomed on 4-Oct (but only 28pt move)
Dec 10 - non event
Mar 11 - STRONG sell off in to opex
June 11 - Strong sell off in to opex
Sep 11 - Major week long sell off from Tuesday before to Tuesday after
Dec 11 - Strong sell off in to opex

Mar 2012 - ???

Ever interesting,

-D

[OverUnder]

Bottom fell out of gold again, we'll see if it continues.

[Kato]

TSX just broke down through the March lows. Let's see if it holds.

[tomsky]

Bull flag on EURUSD is no more.

Still in the channel but it's quite large for a flag.
Potential H&S on AUDJPY

[Petsamo]

Good, bulls are fighting, the wheel has turned, till now we had btfd, today we might assist stfr

That's funny. They didn't get it right in 2010 and 2011. They're hoping you'll listen to them in 2012.

[Al_Dente]

no support ‘till the pink line?
Grey is TNX behind SSO, pulling it down
15 min elders all red so far
Nydec stays bear >2300

[BullBear52x]

Bears wishful thinking.

[uempel]

11:00 am imminent.

[elDiablo]

Hi Cobra and all,

I am new here, but was wondering if you could reconcile your bullish view (upward bias) with the 138.8 target on SPY. I am guessing different time frames, but will help to understand more.

[BenAndLloyd]

For Al,
5 Min Renko chart of TNA (.10cent change).