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05/12/2011 Intraday Watering

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Cobra
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05/12/2011 Intraday Watering

Post by Cobra »

Gap down open, right at yesterday's low so no idea if the gap will be filled or not. The bottom line, I think the dollar still has room to up which should put enough pressure on equities. We'll see.
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

Good Morning.
Possible H&S on ES.
http://99ercharts.blogspot.com/2011/05/es_12.html
Target 1311.
brownstein00
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Re: 05/12/2011 Intraday Watering

Post by brownstein00 »

dollar is right at 50 day moving avg. which should provide some resistance since it hasn't been at this level for quite some time...
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

DX
Possible Cup with Handle.
http://99ercharts.blogspot.com/2011/05/dx_12.html
Target 77.86.
Could be an IH&S developing; more bullish.
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

EURUSD
Old Wolfe Wave target hit. Will be bounce or fall through a possible H&S neckline?
http://99ercharts.blogspot.com/2011/05/eurusd_12.html
We'll see soon enough.
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Cobra
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Re: 05/12/2011 Intraday Watering

Post by Cobra »

the open. now it's a small gap so chances are good that the gap may get filled and a range day today.
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uempel
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Re: 05/12/2011 Intraday Watering

Post by uempel »

Guys, 1330 is crucial. Perhaps a beartrap down there by going down to 1328 for a minute or two, but a break below 1330 is a break... Wait for a clear signal.
SPX1.png
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Cobra
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Re: 05/12/2011 Intraday Watering

Post by Cobra »

there's a trend line here in case you haven't noticed.
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gabor
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Re: 05/12/2011 Intraday Watering

Post by gabor »

Cobra wrote:there's a trend line here in case you haven't noticed.
Noticed. According to the wave principle it is allowed to break slightly before wave 5 starts.
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Cobra
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Re: 05/12/2011 Intraday Watering

Post by Cobra »

well, we now know the rebound target. :lol:
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Re: 05/12/2011 Intraday Watering

Post by uempel »

Some kind of short term bottom is in. The Fib set-up makes sense:
SPX2.png
Jennyahwu
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Re: 05/12/2011 Intraday Watering

Post by Jennyahwu »

班长:你说0.2.1 10Y T-Bill Yield,喊底了=SPX 喊底了。这个信号喊底是相当可靠的。 so does it mean to buy sso? thanks. by the way, your no stop is selling. conflict. I am confused
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Re: 05/12/2011 Intraday Watering

Post by BullBear52x »

Cobra wrote:well, we now know the rebound target. :lol:
Saw that, 133.75ish gap area is very important, this time it failed to support, I still think we will see 133 today.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Mr. BachNut
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Re: 05/12/2011 Intraday Watering

Post by Mr. BachNut »

Cobra wrote:well, we now know the rebound target. :lol:
Let's see if the phantom bar strike again?!?!...
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Re: 05/12/2011 Intraday Watering

Post by uempel »

Jennyahwu wrote:班长:你说0.2.1 10Y T-Bill Yield,喊底了=SPX 喊底了。这个信号喊底是相当可靠的。 so does it mean to buy sso? thanks. by the way, your no stop is selling. conflict. I am confused
To trade you have to use your own system. You can pick up bits and pieces from other guys, but the operation itself has to be completely understood and controlled by you.
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Re: 05/12/2011 Intraday Watering

Post by gabor »

uempel wrote:Guys, 1330 is crucial. Perhaps a beartrap down there by going down to 1328 for a minute or two, but a break below 1330 is a break... Wait for a clear signal.
SPX1.png
For me 1325 is more critical. That is the 38.2% Fibo of wave 3, that is the distance between 04/17 low and recent high.
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jynmax
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Re: 05/12/2011 Intraday Watering

Post by jynmax »

Jennyahwu wrote:班长:你说0.2.1 10Y T-Bill Yield,喊底了=SPX 喊底了。这个信号喊底是相当可靠的。 so does it mean to buy sso? thanks. by the way, your no stop is selling. conflict. I am confused
前辈,0.2.1 10Y T-BILL YIELD是什么?我之前没听COBRA老大讲过,可否借时间讲解一下,谢谢。
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99er
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Re: 05/12/2011 Intraday Watering

Post by 99er »

uempel
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Re: 05/12/2011 Intraday Watering

Post by uempel »

gabor wrote:
uempel wrote:Guys, 1330 is crucial. Perhaps a beartrap down there by going down to 1328 for a minute or two, but a break below 1330 is a break... Wait for a clear signal.
SPX1.png
For me 1325 is more critical. That is the 38.2% Fibo of wave 3, that is the distance between 04/17 low and recent high.
The grid on the daily breaks at 1330 - traders/algorithms tend to follow such breaks. No coincidence that neither overnight (minis) nor in trading today 1330 has been broken...
Last edited by uempel on Thu May 12, 2011 11:01 am, edited 2 times in total.
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Cobra
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Re: 05/12/2011 Intraday Watering

Post by Cobra »

jynmax wrote:
Jennyahwu wrote:班长:你说0.2.1 10Y T-Bill Yield,喊底了=SPX 喊底了。这个信号喊底是相当可靠的。 so does it mean to buy sso? thanks. by the way, your no stop is selling. conflict. I am confused
前辈,0.2.1 10Y T-BILL YIELD是什么?我之前没听COBRA老大讲过,可否借时间讲解一下,谢谢。
it's yield or interests in your term. Just consider it's the opposite of the bond price. Usually bond rises stock falls so yield rises stock also rises. Now it's possible that yield is bottomed (just a possibility) so there're chances that the stock is bottomed.

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