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04/12/2011 Intraday Watering

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Cobra
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04/12/2011 Intraday Watering

Post by Cobra »

Gap down open, below yesterday's range, so chances are good that the gap won't be filled. Especially the Global ES, such a consolidation usually means a breakdown is more likely.
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wxtrader001
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Re: 04/12/2011 Intraday Watering

Post by wxtrader001 »

Good morning ,Cobra!
wxstone
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Re: 04/12/2011 Intraday Watering

Post by wxstone »

GM:)
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99er
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Re: 04/12/2011 Intraday Watering

Post by 99er »

Morning.
/ES update: http://99ercharts.blogspot.com/2011/04/es_12.html
Expecting a bounce around 1300 to form a right shoulder.
Good luck.
cletus
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Re: 04/12/2011 Intraday Watering

Post by cletus »

Next support is around 1315
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Re: 04/12/2011 Intraday Watering

Post by 99er »

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BullBear52x
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Re: 04/12/2011 Intraday Watering

Post by BullBear52x »

GM,

Island reversal.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Cobra
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Re: 04/12/2011 Intraday Watering

Post by Cobra »

The open.
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99er
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Re: 04/12/2011 Intraday Watering

Post by 99er »

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Cobra
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Re: 04/12/2011 Intraday Watering

Post by Cobra »

well, I hope this is not an island reversal.
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99er
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Re: 04/12/2011 Intraday Watering

Post by 99er »

Cobra: "well, I hope this is not an island reversal."

Sure looks like one!
Aloha.
cletus
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Re: 04/12/2011 Intraday Watering

Post by cletus »

Will need to see today's lows broken to add to short positions. I have some long term puts doing well and a small short ETF position, but I will open bigger positions on a break of today's low.
nikman
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Re: 04/12/2011 Intraday Watering

Post by nikman »

Cobra wrote:well, I hope this is not an island reversal.
Cobra,

What is an island reversal? Thanks.
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BullBear52x
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Re: 04/12/2011 Intraday Watering

Post by BullBear52x »

Too many poeple still thinking BUY the DIP so....this correction will not stop here, we will see Lower Low.
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Cobra
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Re: 04/12/2011 Intraday Watering

Post by Cobra »

nikman wrote:
Cobra wrote:well, I hope this is not an island reversal.
Cobra,

What is an island reversal? Thanks.
http://thepatternsite.com/islandrev.html

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cletus
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Re: 04/12/2011 Intraday Watering

Post by cletus »

Added FAZ and DRV at 1318
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BullBear52x
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Re: 04/12/2011 Intraday Watering

Post by BullBear52x »

This is not just small Island reversal this is also know as cluster the most reliable one.

http://www.incrediblecharts.com/technic ... versal.php
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cletus
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Re: 04/12/2011 Intraday Watering

Post by cletus »

A failure at 1315 will bring 1305
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Re: 04/12/2011 Intraday Watering

Post by cletus »

Locking in gains on FAZ/DRV and letting it ride, hopefully to cover at 1305.
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