02/24/2011 Intraday Watering

[trader]

Was the most recent high on 1 min chart H2?

Don't understand your question, which one?

around 130.65

[Cobra]

I cannot catch the essence of the market today, seems pretty strong downtrend day although it doesn't appear so. Looks like every rebound gets sold on EMA20. In this case, trend is your friend, that's all I can say now.

[Cobra]

Was the most recent high on 1 min chart H2?

Don't understand your question, which one?

around 130.65

The bar on 130.50 is H2.

[Cobra]

Lunch time. A failed 2 leg up would be bad again, watch...

[zombiebraingoo]

Hi all - first time here. Great info and ideas.

This pullback looks nearly done to me, baring any real black swans fouling the waters!

The RUT is the key and is respecting support - none of my my sensitive indicators are going bearish yet. (In fact the weekly 40/200 is about to cross in real bull fashion - though price would fall to 1250 and still remain bullish in this chart).

http://stockcharts.com/h-sc/ui?s=$RUT&p ... =183279750

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =207550128

[pezhead9000]

Longer-term SPY, channel from Sept - from Springheel Jack @ Slope of Hope

[99er]

ES
Update
http://99ercharts.blogspot.com/2011/02/es_2907.html

[wxtrader001]

1302.25 is the very point ,if the low is in
or it is the Descending Triangle (Continuation)

001

[zombiebraingoo]

How do you post an image - click the Img button and then insert the url?

[wxtrader001]

Just for test that i can post image ,haha

[BullBear52x]

Uncle Ben is on vacation?

[wxtrader001]

How do you post an image - click the Img button and then insert the url?

http://www.cobrasmarketview.com/viewtopic.php?f=3&t=14
This is the guide to post images.

[99er]

SPX
Will it break?
http://99ercharts.blogspot.com/2011/02/spx_7185.html
Think so.

[zombiebraingoo]

Ahhh...saw how to attach! Now no one here is safe from my graphic musings!

Wow - spx is starting to crack at trendline - last couple hours will be interesting - I'm 3% down across the board even with 50% in PM's.

Getting a little nervous here but sticking with my indicators.

[Me XMan]

POMO's already priced in...need QE3 to save this correction.

[Cobra]

OK, indeed the failed 2nd leg up is bad and we've been experiencing this for many many times, until this changes, the trend is still down, watch...

[Cobra]

wow. Still trend is your friend, that's all I can say, no matter how experienced you're. I didn't expect this, I admit. Now the problem is, in order for a reversal, we have to undergo the same lengthy procedure: breakout trendline, then back test the previous low, then rebound...

[99er]

SPX
That's four support/resistance lines down.
http://99ercharts.blogspot.com/2011/02/spx_1401.html

[matrix]

No bounce till we re test 1275-76, the low point of EDTriangle......only bounces of the dead cat...type......

[BullBear52x]

So much of Bear Flags everywhere I look, welcome to BEARVILLE