04/26/2011 Intraday Watering

[BullBear52x]

right now bears can only be saved from RSI divergence if any, but I will short some here for a trade.

[stocksage]

All the bears here are trying to convince themselves they are in "good" shorts from much lower as we go to new highs. We've got plenty more to go on the upside. At least until the third week in May and then we may have a top in the metals and a temporary top in stocks. (this assumes an end to QE2 and no QE3)_Still haven't seen that final Euphoric push probably into mid 1400's on the s and p that really kills the remaining bears.

Good luck and hold on tight.

[Me XMan]

QE3 looking like Fed will do.

All the bears here are trying to convince themselves they are in "good" shorts from much lower as we go to new highs. We've got plenty more to go on the upside. At least until the third week in May and then we may have a top in the metals and a temporary top in stocks. (this assumes an end to QE2 and no QE3)_Still haven't seen that final Euphoric push probably into mid 1400's on the s and p that really kills the remaining bears.

Good luck and hold on tight.

[BullBear52x]

Always short the Double Top.

[KENA]

Always short the Double Top.

MAYBE....we will see

[Me XMan]

Are you all in?

Always short the Double Top.

[Cobra]

Ascending Triangle text book target.

[FJoe]

Anyone see this as within a point or two of the high of the day here on the S&P.

Sold longs and short ES at 1341.50...stop at 1343.

[BullBear52x]

Are you all in?

Always short the Double Top.

ALL IN? Hell no, I am thinking of going long FAS or bank stocks after the fed anouncement. the lot I am shorting now is for today's trade I still held on to my previous under water shorts on SSO.

[StrikePrice]

QE3 looking like Fed will do.

What makes you say that with the market breaking to new yearly highs ahead of meeting?

[cletus]

Trendline break in bonds -- as stocks make new highs? Wow, that's scary for stocks.

[Me XMan]

Economy is going into contraction especially housing and you know Fed Gods will extend QE2 or you can say new QE3 starts.

QE3 looking like Fed will do.

What makes you say that with the market breaking to new yearly highs ahead of meeting?

[99er]

ES
Boy, they're good.
http://99ercharts.blogspot.com/2011/04/es_5696.html
Very very good.

[Dow Trader]

watch Vix and Oil today
if Oil go up, today's rally will slow down or end. If Oil go down to today's low, then it will drag Dow and EUr with it
Vix at major support now, lets wait and see

[soku]

not sure if it is right or wrong.
i heard some rumors about half hours ago, saying there are buy stop at es 1340.5 and sell order at 1342. the market is moving like the rumor says till now

[BullBear52x]

Trendline break in bonds -- as stocks make new highs? Wow, that's scary for stocks.

DBV is toppy but still at its high, daily MACD on it is negative for two days now. lots of paper money out there for sure.

[99er]

EURUSD
http://99ercharts.blogspot.com/2011/04/eurusd_4226.html
C'est fini.

[Me XMan]

Fed is ready to fire up more printing presses.
Can't have housing market down.

[stocksage]

new highs and bear stops kicking in.

[Cobra]

Almost there on the target, but I think should be more.