03/09/2011 Intraday Watering

[Me XMan]

They call me Cyclops but I can't read the damn charts.

Y'all know where I live. You know the Professor X mansion.

So what kind of special talent you have? Lighting eyes or you can turn into whatever shape you like?

[99er]

(Reuters) - Americans, who are suffering from high gasoline prices, believe the United States is on the wrong track by a large margin, presenting a fresh challenge for President Barack Obama, a Reuters/Ipsos poll said on Wednesday.

The proportion of Americans who believe the country is on the right track dropped 7 points in the past month to 31 percent, and 64 percent think the country is on the wrong track.

[Cobra]

They call me Cyclops but I can't read the damn charts.

Y'all know where I live. You know the Professor X mansion.

So what kind of special talent you have? Lighting eyes or you can turn into whatever shape you like?

Emm, lighting eyes then. It is difficult for you to read the chart, I think you need different pair of glasses.

[Saucepan]

Really appreciate the discussion and expertise: thanks, Cobra and all.

Will try to contribute in future: but more of a swing trader than a day trader.

Normally checking in from Yorkshire UK, but currently in Ankara, Turkey!

I tend to follow the Dow rather than SPY. The daily chart looks quite bullish to me: 12,000 successfully tested a bit of an inverted head and shoulders. Up day close today should be very positive.

[Me XMan]

You can't fight the Fed with this money pumping craps.
Just have to play the damn game and get out each day.

The Fed buys $6.69B in Treasurys maturing 2015-2016, of $35.474B offered by dealers (monetization watch: $5.1B toward three-year notes issued Feb. 17), and notes hold today's gains: 30-year yield -0.02 to 4.65%, 10-year -0.02 to 3.535%; 5-year -0.02 to 2.195%; 2-year -0.02 to 0.7%.

[BullBear52x]

38.2% or 61.8% wichever way you drag the FIB tool. breaks up here Bulls are back in the push up run. 1h RSI and MACD is positive still.

[Jennyahwu]

Cobra, today is strong down trend. does it mean the market has turned to down trend? should we close all of long ? I have armh at 28.3$, and mro at 50.5? thanks

[deadmoney95]

(Reuters) - Americans, who are suffering from high gasoline prices, believe the United States is on the wrong track by a large margin, presenting a fresh challenge for President Barack Obama, a Reuters/Ipsos poll said on Wednesday.

The proportion of Americans who believe the country is on the right track dropped 7 points in the past month to 31 percent, and 64 percent think the country is on the wrong track.

Please spare us the political posts, on what is otherwise a phenomenal daily trading thread! We're all friends here.

[99er]

Social mood, dude.

[99er]

deadmoney95-- Show us a chart, dude.

[99er]

Wanker.

[Cobra]

deadmoney95-- Show us a chart, dude.

OK, let's stop here. Personally, I think it's ok to post something from news about, well, social mood as it's part of trading. Just try to be nice to each other. We can disagree with each other but please say things nicely.

[Cobra]

Strong bull bar, so the 2 legged pullback could be over, we may test yesterday's high at least.

[BullBear52x]

[uempel]

So much going on now. I'm looking at the dollar and at crude. And did you hear that Pimco is getting out of government bonds? I'm not yet sure what the implications are. Difficult to trade now. I'm waiting for a breakout to either 1336 or 1288.

[Cobra]

SPXBreakout.png

So much going on now. I'm looking at the dollar and at crude. And did you hear that Pimco is getting out of government bonds? I'm not yet sure what the implications are. Difficult to trade now. I'm waiting for a breakout to either 1336 or 1288.

yeap, I'm waiting too. No clear trend.

[Me XMan]

You just have to get on the bull bus.
Don't let it run over you.

[BullBear52x]

yep, lots of heat at this jucture, TIck by TIck here for directional. Thanks for the charts.

[Cobra]

Yield sharply down, what's going on? Something wrong with POMO?

[BullBear52x]

You just have to get on the bull bus.
Don't let it run over you.

I come clean and in cash hours ago. Beaish Bias on short term daily and hourly Indicators/Oscillotors. therefor I only trade down now until it breaks up again.