02/23/2011 Intraday Watering

[maldini]

two close above EMA
higher low
This bar a good buy,

sold

[maldini]

two close above EMA
higher low
This bar a good buy,

sold

but will re-enter if the next bar is bully

[Cobra]

If the market could rebound here, the first resistance is heavy because it's a multiple fib conflences area not far above.

[simpletrader]

The pullback couldn't make a lower low and this was a much safer H2 long a 2nd DT long chance. Now bulls need pray that this is going to be a double bottom reversal...

pray ne, chance is good for bull le

[AK84]

BTFD ?

http://www.youtube.com/watch?v=jllJ-HeE ... re=related

LOLL

[maldini]

two close above EMA
higher low
This bar a good buy,

sold

but will re-enter if the next bar is bully

measured move and double bottom target 1316.25?

[Cobra]

The pullback couldn't make a lower low and this was a much safer H2 long a 2nd DT long chance. Now bulls need pray that this is going to be a double bottom reversal...

pray ne, chance is good for bull le

Hmm, I see lots of bunny here. Snake likee...

[Cobra]

measured move and double bottom target 1316.25?

But don't hope too much.

[black]

measured move and double bottom target 1316.25?

But don't hope too much.

i was thinking about the same thing, but it looks too good, may not be true then.

[KENA]

lower low...1275 next then 1217. I still don't trust the mkt for a short. I may waite and see if we break 1275

[bear33]

cobra you think we go lower from here? the rebound was weak...

[Cobra]

cobra you think we go lower from here? the rebound was weak...

Could be a channel here. I'm not clear about the market now, wait...

[99er]

SPX
That's two down...
http://99ercharts.blogspot.com/2011/02/spx_1296.html
May well bounce at the next S/R.

[Me XMan]

SPX 1275 is about right.

lower low...1275 next then 1217. I still don't trust the mkt for a short. I may waite and see if we break 1275

[koolblue]

I THINK WE HAVE LOWER TO GO!

[Cobra]

Well, this could be too late - we might have formed a Symmetrical Triangle pattern which means a continuation (down) here. So be careful...

[99er]

30Y
And the Long Bond catches a bid.
http://99ercharts.blogspot.com/2011/02/es-zb_23.html

[Out of Bounds]

VIX above 22 now

[simpletrader]

Well, this could be too late - we might have formed a Symmetrical Triangle pattern which means a continuation (down) here. So be careful...

after this drop, doesn't this mean intermediate trend change?

[uempel]

S/R daily chart points to 1303 and 1292:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=2