03/10/2011 Intraday Watering

Post by **Cobra** » Thu Mar 10, 2011 3:07 pm

Jennyahwu wrote:Cobra ,what can we do ? stand with bear? I believe now trend is clear. is it down trend for a month? am I right? thanks

No, downtrend is not confirmed.

Me XMan · Post by **Me XMan** » Thu Mar 10, 2011 3:11 pm

Bought some SPY for tomorrow bounce.

Uncle Benny WHERE ARE YOU?

BullBear52x · Post by **BullBear52x** » Thu Mar 10, 2011 3:11 pm

SPY retest channel break down, good short here usually.

Rodrigo · Post by **Rodrigo** » Thu Mar 10, 2011 3:19 pm

Resistence on 1294.24 ... bounce back

BullBear52x · Post by **BullBear52x** » Thu Mar 10, 2011 3:19 pm

Time for my magic market here, we may close to LOD. all indexes now line up on bear flag.

Post by **Cobra** » Thu Mar 10, 2011 3:30 pm

A little resistance here and it look like it will have a 2nd leg down. I'm not sure about this market anymore, seems bulls are very eager to buy any dip.

Travelfrog · Post by **Travelfrog** » Thu Mar 10, 2011 3:31 pm

This 1294 area was always going to be a tough battle.

Tabby · Post by **Tabby** » Thu Mar 10, 2011 3:32 pm

Bullbear 52x,

I like your magic market chart. It is very detailed and helpful.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 3:33 pm

all my indicators look like november - they could move dramtically as they did in may of last year but as of now it's not looking like that

Post by **Cobra** » Thu Mar 10, 2011 3:35 pm

A bullish view is you see the current pullback is the 2nd leg down to test the morning low therefore the market has bottomed here. I'm not sure which view I should take, so let's wait and see.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 3:36 pm

methinks this is a USD dead cat bounce that should end no higher than 77.50...

but I been wrong before!

BullBear52x · Post by **BullBear52x** » Thu Mar 10, 2011 3:42 pm

Cobra wrote:A bullish view is you see the current pullback is the 2nd leg down to test the morning low therefore the market has bottomed here. I'm not sure which view I should take, so let's wait and see.

Here is what I see, today 1h MACD last hour just turn positive. may get few pennies from here and then we a going to hit the resistance of 5DMA = 131.58 a coincident intersection with lower recent triangle break down. so from that I can see the bears who miss this morning will pile up in there. IMO.

99er · Post by **99er** » Thu Mar 10, 2011 3:43 pm

COMP
Now this is what they call a "Hanging Man."
http://99ercharts.blogspot.com/2011/03/comp_10.html

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 3:44 pm

99er wrote:COMP
Now this is what they call a "Hanging Man."
http://99ercharts.blogspot.com/2011/03/comp_10.html

sure - but where it sits is bullish imho

KENA · Post by **KENA** » Thu Mar 10, 2011 3:45 pm

We have put in a temporary double bottom and now we could see an up move to test the highs. We will be going back down to try and break this bottom.Lets see how we close.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 3:45 pm

the 60 min chart is a virtual duplcate of Nov...can anyone say fractal?

Post by **Cobra** » Thu Mar 10, 2011 3:49 pm

BullBear52x wrote:
Cobra wrote:A bullish view is you see the current pullback is the 2nd leg down to test the morning low therefore the market has bottomed here. I'm not sure which view I should take, so let's wait and see.
Here is what I see, today 1h MACD last hour just turn positive. may get few pennies from here and then we a going to hit the resistance of 5DMA = 131.58 a coincident intersection with lower recent triangle break down. so from that I can see the bears who miss this morning will pile up in there. IMO.

I don't see impluse down today so we're still stuck in the recent range.

BullBear52x · Post by **BullBear52x** » Thu Mar 10, 2011 3:50 pm

Tabby wrote:Bullbear 52x,

I like your magic market chart. It is very detailed and helpful.

like to see everone with this green guy.

Post by **Cobra** » Thu Mar 10, 2011 3:56 pm

Channel and EMA support.

zebra · Post by **zebra** » Thu Mar 10, 2011 3:56 pm

zombiebraingoo wrote:the 60 min chart is a virtual duplcate of Nov...can anyone say fractal?

In Nov we have Santa Claus coming.
In March we have rabbit coming instead.

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03/10/2011 Intraday Watering

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