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08/16/2011 Intraday Watering

Re: 08/16/2011 Intraday Watering

Postby Cobra » Tue Aug 16, 2011 9:57 am

cowboy wrote:
Cobra wrote:
biotrader wrote:G'morning Cobra! Buying opp this morning?


will have to wait for the open to see, after all, the gap is not small.


GM Cobra and all,
The market is moving just like you mentioned yesterday, hope the gap can be filled at the end of the day. :?:


if gap gets filled today and we close in green or high of the day, well, it's very bullish for the next few days at least!

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Re: 08/16/2011 Intraday Watering

Postby BullBear52x » Tue Aug 16, 2011 9:58 am

Pos D. don't see new HOD from this one, Houston is in trouble.
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Re: 08/16/2011 Intraday Watering

Postby Me XMan » Tue Aug 16, 2011 10:01 am

I'm looking for ES to hit 1180 again today.

oldpigwang wrote:Cobra Da: Do you think ES will retest night low?
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Re: 08/16/2011 Intraday Watering

Postby q2model » Tue Aug 16, 2011 10:10 am

Today's Economic Calendar
8.30 Housing Starts (est 600k)
Building Permits (est NA)
Import Prices (est 0.1% m/m, 13.7% y/y)
9.15 Industrial Production (est 0.3% m/m)
Capacity Utilization (est 77.0%)
10.00 Merkel to Discuss Debt Crisis with Sarkozy in Paris
12.30 Joint Press Conference from Merkel & Sarkozy Meeting
1.25 Fed Official Bertsch Testifies on Bank Supervision
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Re: 08/16/2011 Intraday Watering

Postby 99er » Tue Aug 16, 2011 10:11 am

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Re: 08/16/2011 Intraday Watering

Postby BullBear52x » Tue Aug 16, 2011 10:13 am

Look at the Hi's and Lo's of it, nothing bearish just yet.
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Re: 08/16/2011 Intraday Watering

Postby v1stock.com » Tue Aug 16, 2011 10:14 am

I need help on this one. looks like Chinese sell usdollar buy international (ex-us) bonds.

ETF - 52 Week HighsMonday, Aug 15th, 2011
ETFs that have traded for a year that have matched or made a new 52-Week High during the current trading session.
Sym Name Last Change
BWX Barclays Intl Treasu 63.26 08/15/11
CYB Dreyfus Chinese Yuan 25.81 08/15/11
IGOV S&P Intl Treasury 110.02 08/15/11
VCIT Vg Intermediate-Term 82.61 08/15/11
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Re: 08/16/2011 Intraday Watering

Postby shumushu » Tue Aug 16, 2011 10:24 am

imo we are about to break the 30minute range to the upside, filling the gap.
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Re: 08/16/2011 Intraday Watering

Postby StrikePrice » Tue Aug 16, 2011 10:26 am

I'm new to studying Wave Theory, but I'm thinking we just finished a Zig-Zag for wave (4)-V and so the gap fill and high above yesterday is likely to happen possibly through tomorrow then we get a deeper pullback. The pullback today was only 14.6% from last Tuesday's low and if we make higher high then a pullback to fill the lower gap, which held as support today, will work nicely as the next short target/dip buy.
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Re: 08/16/2011 Intraday Watering

Postby uempel » Tue Aug 16, 2011 10:28 am

I might miss this trade :oops: - but I'm waiting for SPX to come down to 1181 before I go long...
SPX13.png
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Re: 08/16/2011 Intraday Watering

Postby 99er » Tue Aug 16, 2011 10:33 am

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Re: 08/16/2011 Intraday Watering

Postby shumushu » Tue Aug 16, 2011 10:35 am

uempel wrote:I might miss this trade :oops: - but I'm waiting for SPX to come down to 1181 before I go long...
SPX13.png


ahh, the futures were really close premarket! Let see how the market performs today.
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Re: 08/16/2011 Intraday Watering

Postby uempel » Tue Aug 16, 2011 10:49 am

Here a chart which looks somewhat bullish - but I'm still waiting. Today 8.30 am Futures came down to 1179 and that's the level where I want to go long.
SPX14.png
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Re: 08/16/2011 Intraday Watering

Postby 99er » Tue Aug 16, 2011 10:51 am

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Re: 08/16/2011 Intraday Watering

Postby BullBear52x » Tue Aug 16, 2011 10:53 am

Watch INTC if it can break out it will mean alot to tech and Semi land, I owned it.
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Re: 08/16/2011 Intraday Watering

Postby KENA » Tue Aug 16, 2011 11:01 am

Leaving in 1/2 hr.Today is Fair Day.We have not missed it many years.Love that Fair food also.Keep the mkt going and see you tomorrow.
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Re: 08/16/2011 Intraday Watering

Postby jarbo456 » Tue Aug 16, 2011 11:02 am

looks like gap's been filled, but still bullish no?
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Re: 08/16/2011 Intraday Watering

Postby uempel » Tue Aug 16, 2011 11:05 am

Did I miss going long at 1187 because the Futures went down to 1179 before the opening? :cry:
SPX15.png
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Re: 08/16/2011 Intraday Watering

Postby newbie_77 » Tue Aug 16, 2011 11:06 am

cobra and all,
it looks like we are having a hard time passing thru 1200 :D
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Re: 08/16/2011 Intraday Watering

Postby George H » Tue Aug 16, 2011 11:12 am

newbie_77 wrote:cobra and all,
it looks like we are having a hard time passing thru 1200 :D



Funny, bulls are worried that we can't break out 1200. Bears are worried any dip is bought.
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