03/11/2011 Intraday Watering

[Cobra]

Info only, a little Fib here.

[uempel]

Triangle? Green curve still selling.

Don't know what the market is waiting for....

It's not market is waiting it's just the sellers and buyers now are of equal strength, something in the future will break this balance then the market moves again. For now, noone knows what this something is.

Sorry guys, I've got a chart here which explains without big words, but nobody opens his eyes and looks at it... Or are you blind?

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

[FJoe]

uempel,

Are you thinking we stop at 1298 to 1300, then head back down?

[hdenandy]

My market (the UK), now closed.
As so often happens, as soon as we close at 4.35pm (GMT), the DOW and SPX move upwards.
Strange eh ?

[pezhead9000]

The green curve is selling off, be careful. The good news is the pink curve doesn't rise much, so maybe bulls are OK.

sorry - can you remind me what the green & pick lines represent on your earlier chart ? thanks.

[Cobra]

OK, guys, I'm going out for at least 2 hours. The rebound finally starts, but resistances are heavy ahead.

[99er]

SPX
Enough back testing; let's get on with the show.
http://99ercharts.blogspot.com/2011/03/spx_11.html

[Me XMan]

If QE3 is real then market will explode.

$440 Billion Drop In Shadow And Conventional Banking System Liabilities In Q4 Gives Bernanke Carte Blanche For QE3

[uempel]

uempel,

Are you thinking we stop at 1298 to 1300, then head back down?

I'm long but I'm going to get out at one of the Fib-resistances (130.71, 131.11 or 131.51) or when SPY hits the diamond at 131.70. I'm not going to stay long SPY for the weekend because I don't know what will happen in Japan and the Middle East/Libya.

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

[Me XMan]

Gonna have some beers with food tonight.

uempel,

Are you thinking we stop at 1298 to 1300, then head back down?

I'm long but I'm going to get out at one of the Fib-resistances (130.71, 131.11 or 131.51) or when SPY hits the diamond at 131.70. I'm not going to stay long SPY for the weekend because I don't know what will happen in Japan and the Middle East/Libya over the weekend.

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

[uempel]

[quote="Me XMan"]Gonna have some beers with food tonight.

Me too.

[uempel]

Fjoe, the Fibs I mentioned were wrong, the Fib scale had moved and I had not noticed it. Here again with the correct Fibs:

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

[BullBear52x]

Fjoe, the Fibs I mentioned were wrong, the Fib scale had moved and I had not noticed it. Here again with the correct Fibs:

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

Take profit here and Buy a pull back at 130.18?

[Tabby]

[stocksage]

doubt this rise has much more to it. Just an oversold bounce after a huge decline yesterday. Probably close near or below the lows today.

[99er]

/ES
Back test appears complete.
http://99ercharts.blogspot.com/2011/03/es_3655.html

[zombiebraingoo]

This correction is over if the vix cannot get over the 200ma

the 200ma has stopped every decline since Sept

[zombiebraingoo]

spx daily is looking moderately bullish with stong support at 1294ish

if we break up into the wedge above 1303-04, then the bulls are back...especially if USD keeps struggling below 77

[zombiebraingoo]

BKX very strong support at 52 - I pointed out 52 a couple of days ago as a line in the sand that should hold for the bulls...I wouldn't short this with
warren buffets money!

Granted - IF it breaks then it measures to 49 but then we enter serverly oversold conditions...

[BullBear52x]

my plan on SPY. no position at the moment.