07/21/2011 Intraday Watering

Post by **Cobra** » Thu Jul 21, 2011 9:08 am

Another huge gap up open, above yesterday's high, so maybe the gap won't be filled? I don't know. Global ES looks like a Double Bottom formed or breakout of a consolidation area, so not bad. The only problem I see is NQ is weaker. NQ usually leads, but still we'll have to wait and see as there's no 100% correct indicators.

99er · Post by **99er** » Thu Jul 21, 2011 9:09 am

Good Morning.

So honey...what do you think?
ES http://99ercharts.blogspot.com/2011/07/es_21.html
Let's toss a coin.

99er · Post by **99er** » Thu Jul 21, 2011 9:15 am

Coffee?
EURUSD http://99ercharts.blogspot.com/2011/07/eurusd_21.html
Double, thanks.

shumushu · Post by **shumushu** » Thu Jul 21, 2011 9:21 am

Good morning

99er · Post by **99er** » Thu Jul 21, 2011 9:24 am

Reading Dear Abby?
Copper http://99ercharts.blogspot.com/2011/07/copper_21.html
No. But the Doctor suggests down.

StrikePrice · Post by **StrikePrice** » Thu Jul 21, 2011 9:27 am

Good Morning.

Man it's hot here in Philly, hate to say I'm already looking forward to heading back to LA.

AK84 · Post by **AK84** » Thu Jul 21, 2011 9:28 am

Good Morning!

Post by **Cobra** » Thu Jul 21, 2011 9:31 am

the open.

BullBear52x · Post by **BullBear52x** » Thu Jul 21, 2011 9:33 am

GM,
Nice gap but still need to trade above 133.5

Post by **Cobra** » Thu Jul 21, 2011 9:34 am

the bigger picture, fighting the resistance now.

Out of Bounds · Post by **Out of Bounds** » Thu Jul 21, 2011 9:38 am

Deja Vu all over again?

BullBear52x · Post by **BullBear52x** » Thu Jul 21, 2011 9:39 am

See TYP not so hot on Tech

well, I am out of my bull camp, DT bear.

Dow Trader · Post by **Dow Trader** » Thu Jul 21, 2011 9:44 am

GM,
these are 2 charts, one of them was my last chart yesturday with comment " Show Time "
and the 2nd is today's breakout
now, as long as the EUR futures above today's low, then the target at least 100 pips from here, keep in mind that whenever the EUR is below 142.50 then Dow will follow EUR movement, but if EUR above 143.00 then not always Dow follow

KENA · Post by **KENA** » Thu Jul 21, 2011 9:51 am

For the Dollar traders I have been reading where the dollar is now near bottom and going to 80.Then I read another article that the dollar is heading dn to 72 area.I don't trade the dollar so I guess its just like everything else,take your pick and run with it.

Dow Trader · Post by **Dow Trader** » Thu Jul 21, 2011 9:53 am

Another view in 4 hours futures

BullBear52x · Post by **BullBear52x** » Thu Jul 21, 2011 9:54 am

What a short squeeze ouch!

cougar · Post by **cougar** » Thu Jul 21, 2011 9:57 am

Nice chart, Dow Trader!

BullBear52x · Post by **BullBear52x** » Thu Jul 21, 2011 9:57 am

a pull back to 133.5 better hold or this will turn very bearish trading back below 133.5

cougar · Post by **cougar** » Thu Jul 21, 2011 9:59 am

FFIV: some levels of support.
TA wizards were already short and exited at 100% extension….Turkeys will go now short to squeeze the blood out of the stone…Very choppy intraday…
One of the rare situations in which EW might be worth watching. I would not go long until the w1 to w5 (red) sequence would look complete…

Dow Trader · Post by **Dow Trader** » Thu Jul 21, 2011 10:00 am

First time for me to show SPX chart, for S&P traders ... good luck

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07/21/2011 Intraday Watering

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