03/25/2011 Intraday Watering

uempel · Post by **uempel** » Fri Mar 25, 2011 10:59 am

DCS wrote:
uempel wrote:Looks like 1315 will be broken today
What is the next significant resistance level in your model?

1322 and 1330 - but if SPX shows strength into the close and stays above 1315 this market could go way up and make a new high.

BullBear52x · Post by **BullBear52x** » Fri Mar 25, 2011 11:05 am

Looks like SPY will push to BB20,1(132.36), hourly RSI is now 87+, don't short the up trend usually, but this one got me thinking for quicky quicky. I don't think we will see 132+ sooner maybe late in the day or never.

Me XMan · Post by **Me XMan** » Fri Mar 25, 2011 11:06 am

GO BULLS GO!

uempel · Post by **uempel** » Fri Mar 25, 2011 11:07 am

Fritz Baxter wrote:Goldman Sachs sure fell out of bed this morning, on volume too. Can't find any news.

Apparently fast money is moving out of financials and into commodities resp commodity stocks.

Post by **Cobra** » Fri Mar 25, 2011 11:10 am

just a wild guess, I don't trade against the trend, so merely a guess, I think today's push up is over, we might have a little bit bigger (at least intraday) pullback here.

zombiebraingoo · Post by **zombiebraingoo** » Fri Mar 25, 2011 11:12 am

charts were bullish most of the day yesterday - NDX was the key - RUT has caught up today and is now the main chart to watch. RUT is going new all time highs by july - 880 at least.

KENA · Post by **KENA** » Fri Mar 25, 2011 11:17 am

It does look like we could have a sell off about here and go to about 1287. Lets see.

BullBear52x · Post by **BullBear52x** » Fri Mar 25, 2011 11:19 am

I would say Uncle BEN is very successful on the market, who said you can not print yourself to prosperity? to the infinity and beyond...... I missed the morning run and it's Friday.

Friday Friday, Friday, tomorrow is Saturday, and the day after that is Sunday, Friday Friday Friday...

That stupid songs stuck in my head, peace....will check back before the close.

DCS · Post by **DCS** » Fri Mar 25, 2011 11:23 am

uempel wrote:
DCS wrote:
uempel wrote:Looks like 1315 will be broken today
What is the next significant resistance level in your model?
1322 and 1330 - but if SPX shows strength into the close and stays above 1315 this market could go way up and make a new high.

Thx.

I'm predominantly long, but I just took a small short pos at 1317 for day trade.

oex put/call is quite high. Weekend is coming. I look for a selloff today.

Good luck to all.

KENA · Post by **KENA** » Fri Mar 25, 2011 11:25 am

FYI... Stocktiming.com has issued a mkt buy now on spy and iwm.I will wait because i expect a pull back.See what next week brings then i may be bullish.

Post by **Cobra** » Fri Mar 25, 2011 11:33 am

KENA wrote:FYI... Stocktiming.com has issued a mkt buy now on spy and iwm.I will wait because i expect a pull back.See what next week brings then i may be bullish.

Don't read too much into their signals. If I charge you $100 a month for my ST Model or Cobra Impulse Model to be

, you might think they're previous signals. I mean I don't think their signal has something unique. You'll know eventually.

uempel · Post by **uempel** » Fri Mar 25, 2011 11:33 am

Resistance at 1314/1317 is proving to be stronger than I anticipated, I checked this chart which I use for day trading

Post by **Cobra** » Fri Mar 25, 2011 11:36 am

uempel wrote:Resistance at 1314/1317 is proving to be stronger than I anticipated, I checked this chart which I use for day trading
GreenResistance.png

Are you on Mac or ipad? Can you annotate chart on ipad? I think ipad doesn't support either java or flahs.

Me XMan · Post by **Me XMan** » Fri Mar 25, 2011 11:38 am

If no QE3 announcement in late April, there will be a massive correction in May IMO.
So from late March to late April, I see speculators will push market way higher.

BullBear52x wrote:I would say Uncle BEN is very successful on the market, who said you can not print yourself to prosperity? to the infinity and beyond...... I missed the morning run and it's Friday.

Friday Friday, Friday, tomorrow is Saturday, and the day after that is Sunday, Friday Friday Friday...

That stupid songs stuck in my head, peace....will check back before the close.

Post by **Cobra** » Fri Mar 25, 2011 11:38 am

uempel wrote:Resistance at 1314/1317 is proving to be stronger than I anticipated, I checked this chart which I use for day trading
GreenResistance.png

En, apparently it's mac machine. No way it's ipad.

Post by **Cobra** » Fri Mar 25, 2011 11:40 am

Me XMan wrote:If no QE3 announcement in late April, there will be a massive correction in May IMO.
So from late March to late April, I see speculators will push market way higher.

BullBear52x wrote:I would say Uncle BEN is very successful on the market, who said you can not print yourself to prosperity? to the infinity and beyond...... I missed the morning run and it's Friday.

Friday Friday, Friday, tomorrow is Saturday, and the day after that is Sunday, Friday Friday Friday...

That stupid songs stuck in my head, peace....will check back before the close.

No QE3, then the most-big-g-est question is: who buys US debt? Now 70% US debt was bought by Fed.

99er · Post by **99er** » Fri Mar 25, 2011 11:42 am

SPX
Added channel
http://99ercharts.blogspot.com/2011/03/spx_6149.html
All lanes heading in the same direction.

Post by **Cobra** » Fri Mar 25, 2011 11:44 am

Well, I might be wrong again (I was expecting a little bigger pullback) as this kind of consolidation is more likely result in breakout on the upside.

mlif · Post by **mlif** » Fri Mar 25, 2011 11:45 am

can't access hutong9 or blogspot.com back in you-know-where-i-am

many many thanks for your efforts, Cobra.

foxytrader · Post by **foxytrader** » Fri Mar 25, 2011 11:47 am

still waiting,zzzzzzzzz

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03/25/2011 Intraday Watering

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