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02/17/2011 Intraday Watering

02/17/2011 Intraday Watering

Postby Cobra » Thu Feb 17, 2011 10:02 am

Gap down but within yesterday's range, so the gap may get filled and most likely a range day. Just a reminder, tomorrow suppose to be bearish as according to Stock Trader's Almanac, day before Presidents Day weekend, SPX down 16 of last 19 and February Expiration Day, Dow down 7 of last 11.

Hmm, off the record, maybe, we shouldn't expect a sharp intraday reversal up like what happened the last 5 consecutive gap down!? :twisted:
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Re: 02/17/2011 Intraday Watering

Postby jwishbone » Thu Feb 17, 2011 10:07 am

Good Morning!
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Re: 02/17/2011 Intraday Watering

Postby wave » Thu Feb 17, 2011 10:09 am

Morning.
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Re: 02/17/2011 Intraday Watering

Postby 99er » Thu Feb 17, 2011 10:21 am

Good Morning!
Various futures appear to have exhibited topping patterns overnight and Dow futures have a possible Wolfe Wave target of 12081.
ES http://99ercharts.blogspot.com/2011/02/es_17.html
NQ http://99ercharts.blogspot.com/2011/02/nq_17.html
TF http://99ercharts.blogspot.com/2011/02/tf_17.html
YM http://99ercharts.blogspot.com/2011/02/ym_16.html
Good luck, folks!
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Re: 02/17/2011 Intraday Watering

Postby slcgh » Thu Feb 17, 2011 10:26 am

Good Morning! folks!
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Re: 02/17/2011 Intraday Watering

Postby PLMT » Thu Feb 17, 2011 10:29 am

GOOD MORNING!
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Re: 02/17/2011 Intraday Watering

Postby ricky » Thu Feb 17, 2011 10:30 am

Good morning! Good trades!
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Re: 02/17/2011 Intraday Watering

Postby Cobra » Thu Feb 17, 2011 10:31 am

Opening, initial support/resistance etc etc.
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Re: 02/17/2011 Intraday Watering

Postby Forevergreen » Thu Feb 17, 2011 10:33 am

Morning
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Re: 02/17/2011 Intraday Watering

Postby Cobra » Thu Feb 17, 2011 10:34 am

Just remember this chart, ES is pretty much above an important support.
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Re: 02/17/2011 Intraday Watering

Postby cletus » Thu Feb 17, 2011 10:39 am

What is going on with the VIX? LOL!!!
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Re: 02/17/2011 Intraday Watering

Postby Cobra » Thu Feb 17, 2011 10:42 am

cletus wrote:What is going on with the VIX? LOL!!!


Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.

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Re: 02/17/2011 Intraday Watering

Postby EvilTrader » Thu Feb 17, 2011 10:44 am

VIX taking off ?

Maybe a fluke due to OE.
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Re: 02/17/2011 Intraday Watering

Postby huiwangren » Thu Feb 17, 2011 10:45 am

Good Morning!
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Re: 02/17/2011 Intraday Watering

Postby simpletrader » Thu Feb 17, 2011 10:52 am

Cobra wrote:
cletus wrote:What is going on with the VIX? LOL!!!


Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.


patiently wait for its coming
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Re: 02/17/2011 Intraday Watering

Postby uempel » Thu Feb 17, 2011 10:54 am

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Re: 02/17/2011 Intraday Watering

Postby Cobra » Thu Feb 17, 2011 11:00 am

Anyone know why CL april contract rose huge while CL March contract doesn't move at all?

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Re: 02/17/2011 Intraday Watering

Postby simpletrader » Thu Feb 17, 2011 11:04 am

Cobra wrote:Anyone know why CL april contract rose huge while CL March contract doesn't move at all?


just feb contract is about to expired in 5 days. march is 88, april is 90.6 at this moment.
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Re: 02/17/2011 Intraday Watering

Postby 99er » Thu Feb 17, 2011 11:04 am

uempel-- Your chart yesterday was great! Thank you for posting it.
download/file.php?id=92&mode=view
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Re: 02/17/2011 Intraday Watering

Postby ContangoKid » Thu Feb 17, 2011 11:04 am

Cobra - Given your recent comments, have you spent any time looking into the mechanics of your ST Model and identified how it can be improved?
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