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05/03/2011 Intraday Watering

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Cobra
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05/03/2011 Intraday Watering

Post by Cobra »

Small gap down so the gap should be filled. I don't see anything seriously wrong here especially that NQ doesn't confirm a lower low. On the other hand that AUDJPY is way too weak. What does that mean to the overall market, we'll have to wait and see.
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chickencoop
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Re: 05/03/2011 Intraday Watering

Post by chickencoop »

morning!
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jynmax
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Re: 05/03/2011 Intraday Watering

Post by jynmax »

GM~
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99er
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Re: 05/03/2011 Intraday Watering

Post by 99er »

Good Morning.

A possible H&S developing on ES, with a target of 1320 (which would break below the IH&S neckline), hints that we are going to head much lower, perhaps to a WW target of 1273 in the coming days. Good luck.

ES: http://99ercharts.blogspot.com/2011/05/es_03.html
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Re: 05/03/2011 Intraday Watering

Post by 99er »

EURUSD
Looking rather vulnerable to a sell-off, eh?
http://99ercharts.blogspot.com/2011/05/eurusd_03.html
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Cobra
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Re: 05/03/2011 Intraday Watering

Post by Cobra »

the open.
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99er
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Re: 05/03/2011 Intraday Watering

Post by 99er »

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Cobra
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Re: 05/03/2011 Intraday Watering

Post by Cobra »

this is normally where the rebound begins although I suspect there should be one small down leg to test the morning low before any serious rebound is possible. just a wild guess, nothing solid.
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KENA
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Re: 05/03/2011 Intraday Watering

Post by KENA »

The NYSI reached 699.68 and is starting to turn dn. The NYMO dn to 27.32 and still high. We could see dn mkt for a few days until NYSI starts turning up.
StrikePrice
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Re: 05/03/2011 Intraday Watering

Post by StrikePrice »

A-B-C pullback looks complete.
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BullBear52x
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Re: 05/03/2011 Intraday Watering

Post by BullBear52x »

GM,
5dma support, breaks down here swing sell is confirmed.
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agnosia
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Re: 05/03/2011 Intraday Watering

Post by agnosia »

hey guys, /es 1350 is the weekly pivot and the bulls defended it so far. i am waiting for the super support area of 1338-1342 for a swing long.... but i believe everyone else is also.. so i wonder what's gonna really happen :)
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BullBear52x
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Re: 05/03/2011 Intraday Watering

Post by BullBear52x »

DOW/DIA still hanging up there. look TRAN is Bye Bye
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uempel
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Re: 05/03/2011 Intraday Watering

Post by uempel »

Back from an extended Easter Weekend I pull out this old chart (which I posted on February 11th). Looks like some kind of target has been met...
LTweeklyAF.png
MiniMilt
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Re: 05/03/2011 Intraday Watering

Post by MiniMilt »

uempel wrote:Back from an extended Easter Weekend I pull out this old chart (which I posted on February 11th). Looks like some kind of target has been met...
LTweeklyAF.png
Missed this the first time. Some innovating thinking here on the pitchforks. Nice chart.
maldini
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Re: 05/03/2011 Intraday Watering

Post by maldini »

uempel wrote:Back from an extended Easter Weekend I pull out this old chart (which I posted on February 11th). Looks like some kind of target has been met...
LTweeklyAF.png
Thanks for sharing!
Does it mean that we are in a overall :D downtrend ?
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99er
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Re: 05/03/2011 Intraday Watering

Post by 99er »

COMP
Looking to fill some gaps, eh?
http://99ercharts.blogspot.com/2011/05/comp_03.html
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Re: 05/03/2011 Intraday Watering

Post by 99er »

uempel: "Back from an extended Easter Weekend"

So are you going to share your photos from the wedding?

Welcome home!
cletus
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Re: 05/03/2011 Intraday Watering

Post by cletus »

The head and shoulders target off the March 09 bottom was 1242, so the S&P has been living on borrowed time for too long. It's way overdue for a real correction. There hasn't been a single 38% retracement since March 09, at least that is due. Bulls are getting out of control greedy.
cletus
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Re: 05/03/2011 Intraday Watering

Post by cletus »

5 waves down from the "bin laden" high confirms an impulsive wave down. The market has probably topped, but this wave lower looks complete.
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