03/18/2011 Intraday Watering

[tradersu]

My 2 cents. The dashed brown TL resistance is holding so far; nice place to short if you are a bear.

SPX is holding at the expense of DX. I get a feeling that another leg is due and this ST bottom is somewhere in ~1220 range; This will be invalidated if DX continues to drop...

[Cobra]

Huge gap up so the gap may not be filled. Not sure though as today is OE day, suppose to confuse everyone but me , and on Global ES, there could already be 3 push up therefore we may see 2 leg down here and another problem is NQ is rather weaker, so again not sure.

Institution's actions.

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Chances for a green day today.

[stocksage]

My 2 cents. The dashed brown TL resistance is holding so far; nice place to short if you are a bear.

SPX is holding at the expense of DX. I get a feeling that another leg is due and this ST bottom is somewhere in ~1220 range; This will be invalidated if DX continues to drop...

We are going to gap way over your brown line. Look for 130 spy today or Monday. Will hold just under 1294 spx if there is going to be another leg down,.

[99er]

Morning.

TGIF. /ES update: http://99ercharts.blogspot.com/2011/03/es_18.html

Good luck.

[99er]

Crude
Gaddafi gives in.
http://99ercharts.blogspot.com/2011/03/crude_18.html

[KENA]

Looks like another big opening...Watch the $SOX it is in danger of a death cross on the 20 & 50 DMA ...The 20 DMA is falling fast and is at 445.35. This will be a problem with the Comp. and will help pull the rest of the mkt with it. FYI Stocktiming.com says.the institutions were still in distribution yesterday and liquidity with an up tick but still low.The RUT looks like the best index today.

[99er]

EURUSD
Topped?
http://99ercharts.blogspot.com/2011/03/eurusd_18.html

[BullBear52x]

Morning, I hope we have a good trend day, either direction, I got both hats on today. GL all.

[99er]

USDJPY
Case study in central bank intervention.
http://99ercharts.blogspot.com/2011/03/usdjpy_18.html
Ben too.

[BullBear52x]

My 2 cents. The dashed brown TL resistance is holding so far; nice place to short if you are a bear.

SPX is holding at the expense of DX. I get a feeling that another leg is due and this ST bottom is somewhere in ~1220 range; This will be invalidated if DX continues to drop...

right at resistance

[Cobra]

The opening. As SPY having dividend today so I'll use SPX or SSO instead.

[Cobra]

Bigger picture.

[cletus]

I don't think the high of this move is in yet. I also am now more skeptical that the bears can push much lower on a closing basis than the 1260 level on the next drop lower. A slight new low, maybe, but evidence is piling up to suggest I should take one more short at 1295-1300 and hope for a drop to 1260 and then close up shop on the short side and look for buying opportunities. CPCE is almost near the target already, so the bottom may come a lot quicker than I thought, maybe mid next week. However, the correction doesn't seem deep enough yet, so I'm still more bearish in the big picture than bullish, even if they push up to a new high.

[maldini]

not a trend day....
Will be cautious in DT

[BullBear52x]

With this type of volume, I see we have yesterday's action again, have to take like 3 trips up and down scalping to make money.

[Abbly]

With this type of volume, I see we have yesterday's action again, have to take like 3 trips up and down scalping to make money.

AAPL is not good, short es target @1280.0

[BullBear52x]

Qs is the weakest link.

[luckystar2006]

Can anyone explain why CZI (China Bear 3x ETF) is going up, despite strong rally of global market? Is there something negative going on in China?

[thelefteyeguy]

support is 1283...and resistance is 1291

so I expect Friday to be in that range....

Monday...will be a different story.

[Abbly]

Can anyone explain why CZI (China Bear 3x ETF) is going up, despite strong rally of global market? Is there something negative going on in China?

jp reactor