07/21/2011 Intraday Watering

[Cobra]

nothing to say, seems like the 3rd push up to a new intraday high, if cannot breakout decisively, then should finally be 2 legged down, see the plan here: download/file.php?id=5275&mode=view

[Cobra]

remeber this chart one hour ago !!!

yeah, looks very bullish. soon nobody wants dollar anymore.

[Tabby]

My crystal bowel =gut feeling is rusty but I think we will have a pull back in fas by tomorrow then it goes up again. I have one load from 22.64 and another load from 23.80. I never hold it over $25 in past but I am going to hold it this time. My luck it will crash and crush tomorrow.

[Dow Trader]

I posted this chart at today's open, lets see what happened since the open, watch the lines and see where we are now, in the same time remeber my daily EUR MACD signal and daily AUD chart pattern

[Cobra]

interesting, guess I'm very powerful, as soon as I say nobody wants the dollar anymore, the euro dropped.

[Dow Trader]

in EUR we touched the yellow line, expect at least 50 pips drop from that level and then I will wait and see how the daily MACD cross will work

[Cobra]

watch dashed line, breakdown to confirm the 3rd push up attempt failed.

[Dow Trader]

Copra,
this chart zoom on why you got intrested and why the drop

[99er]

RUT
Targeting 794.
http://99ercharts.blogspot.com/2011/07/rut_21.html

[Alpha_M]

Cobra,

In last night's market recap you mentioned the following "Could see more pullbacks ahead, at least short-term, may not start from tomorrow though. My guess is the 07/18 lows will at least be revisited, either with higher low or lower low. An important bottom usually has 2 legs to be stable, so the 07/18 bottom still looks missing one leg, if indeed it was the bottom"

Does that even hold true anymore?

[Cobra]

Cobra,

In last night's market recap you mentioned the following "Could see more pullbacks ahead, at least short-term, may not start from tomorrow though. My guess is the 07/18 lows will at least be revisited, either with higher low or lower low. An important bottom usually has 2 legs to be stable, so the 07/18 bottom still looks missing one leg, if indeed it was the bottom"

Does that even hold true anymore?

For now, I still think so unless I find some other evidences tonight.

[ballatines]

RUT
Targeting 794.
http://99ercharts.blogspot.com/2011/07/rut_21.html

look like an IH&S

[Cobra]

Cobra,

In last night's market recap you mentioned the following "Could see more pullbacks ahead, at least short-term, may not start from tomorrow though. My guess is the 07/18 lows will at least be revisited, either with higher low or lower low. An important bottom usually has 2 legs to be stable, so the 07/18 bottom still looks missing one leg, if indeed it was the bottom"

Does that even hold true anymore?

I still think so, but it doesn't mean you should short. I want to make this very clear. see my short-term demo account to know how I trade, I don't front run unless I'm 200% sure which is rare.

[Dow Trader]

zoom out

[Cobra]

well, no confirm, so the 3rd push up is still alive.

[Cobra]

2 insider bars, the next breakout could be very powerful, hard to guess the direction though.

[Dow Trader]

Zoon in on price reaction to the long term down trend ( I think it is very important )

[MajorEasy]

break-out soon but which way????

[AK84]

Cobra,

Any thoughts on the chart of WYNN ? double top on monthly at 170 ? Big red candle on daily followed by more selling,. Today it is up but seems more like a dead cat bounce.

Looks good for a short no ?

[Cobra]

break-out soon but which way????

usually should be on the upside, just personally I find very hard to believe.