02/15/2011 Intraday Watering

[2bits]

More upside to oil, the market won't come down much with oil up trending...

[Rocket_Man88]

Thanks Cobra. Great to hear your comments during the trading day.

[ttown]

thank's cobra

[navybean]

Thanks Cobra.

[trade28]

First of all, welcome aboard. The ship leaves around 9:10am ET every morning. Feel free to water here. I may not have time to reply every mintue, but I'm always here so just keep watering...

Surprise surprise surprise, 5 consecutive gap down opening, I don't rememeber this happening for a long long time. Change of character? Well, let's see. Judging by the gap, it's almost out of yesterday's range, so the gap may not get filled and today could be a trend day - either uptrend whole day or downtrend whole day. The global ES looks like a H&S top with the neckline being tested so many times so I don't think it's going to hold, therefore chances are good this H&S top may work, targeting 1318 ES.

Cobra,

Hutong9 has a nice feature which let us select to watch just a certain person's post in a thread. Do you know is it available here?

trade28

[Cobra]

First of all, welcome aboard. The ship leaves around 9:10am ET every morning. Feel free to water here. I may not have time to reply every mintue, but I'm always here so just keep watering...

Surprise surprise surprise, 5 consecutive gap down opening, I don't rememeber this happening for a long long time. Change of character? Well, let's see. Judging by the gap, it's almost out of yesterday's range, so the gap may not get filled and today could be a trend day - either uptrend whole day or downtrend whole day. The global ES looks like a H&S top with the neckline being tested so many times so I don't think it's going to hold, therefore chances are good this H&S top may work, targeting 1318 ES.

Cobra,

Hutong9 has a nice feature which let us select to watch just a certain person's post in a thread. Do you know is it available here?

trade28

Haven't found that yet. I'm afraid now.

[balance]

great site cobra.
I mainly use wolfe wave as technical analysis. For what's worth, dollar (/dx) is on a down trend, so spx will not drop too much.
This was captured around 2.xx pm yesterday,


and the dollar index hourly is *potentially* on a down trend, pending no more geopolitical or EU zone surprise,


Love to hear more discussions, like weekly vix and weekly option, etc.

[Dow Trader]

watch USD could bounce strongly from here
hourly Stochastic at 10 while USD in trading range... you know stochastic works good in trading range

[Dow Trader]

also hourly USD MACD usually bounce from 0.021 if it is not trend and in the same time AUD hit strong resistance a moment ago in the daily chart

[Dow Trader]

but usually EUR advancees in the USA session.. So maybe it will drop overnight not now, who knows

[Dow Trader]

The first sign of weakness in EUR wll be if go below 135.60 from, otherwise clear short signal yet but I will be waiting, I don't want to short her with no clear stop.

[Dow Trader]

Check the daily MACD in VIX if it closed above 16.80 today, it will close above the zero line

[Cobra]

Check the daily MACD in VIX if it closed above 16.80 today, it will close above the zero line

Hi, welcome, but it's a wrong thread, nobody is here. Try 02/17 thread...

[Dow Trader]

thanks

[KENA]

FYI...IF we cannot hold the 1325/1327 area and break below 1320 we could see a drop to the 1303/1305. Yesterdays bounce up was not confirmed by the mkt internals. This presents a problem. Watch this up move to 1325 it may fail.