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08/18/2011 Intraday Watering

Re: 08/18/2011 Intraday Watering

Postby Me XMan » Thu Aug 18, 2011 2:30 pm

I'll wait for market to show its hand before going long here.

Al_Dente wrote:VIX just confirmed a head and shoulders top. Should be bullish for stocks.
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Re: 08/18/2011 Intraday Watering

Postby trader0303 » Thu Aug 18, 2011 2:31 pm

99er wrote:SPX
Adam and Eve Double Bottom.
http://99ercharts.blogspot.com/2011/08/spx_8873.html


This is quite possibly the best name for any chart pattern. The pointy bottom is "Adam", while the round, wide bottom is "Eve". :lol:
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Re: 08/18/2011 Intraday Watering

Postby Petsamo » Thu Aug 18, 2011 2:36 pm

BAC's 1 min chart is looking good.
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Re: 08/18/2011 Intraday Watering

Postby 99er » Thu Aug 18, 2011 2:37 pm

For Newbies

I didn't make it up.

http://thepatternsite.com/aedb.html
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Re: 08/18/2011 Intraday Watering

Postby Me XMan » Thu Aug 18, 2011 2:44 pm

Looking like old sagging balls to me.

99er wrote:For Newbies

I didn't make it up.

http://thepatternsite.com/aedb.html
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Re: 08/18/2011 Intraday Watering

Postby Tabby » Thu Aug 18, 2011 2:44 pm

trader0303 wrote:
99er wrote:SPX
Adam and Eve Double Bottom.
http://99ercharts.blogspot.com/2011/08/spx_8873.html


This is quite possibly the best name for any chart pattern. The pointy bottom is "Adam", while the round, wide bottom is "Eve". :lol:


99er,
How could possibly see this? I am looking for butterflies and diamonds. :lol:
You are trully a chart pattern master.
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Re: 08/18/2011 Intraday Watering

Postby Cobra » Thu Aug 18, 2011 2:53 pm

Symmetrical Triangle, I bet EW analyst would say this is wave 4, before the final leg down.
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Re: 08/18/2011 Intraday Watering

Postby StrikePrice » Thu Aug 18, 2011 2:54 pm

Me XMan wrote:Looking like old sagging balls to me.

99er wrote:For Newbies

I didn't make it up.

http://thepatternsite.com/aedb.html


Very nice. Fits with the close being the LOD and maybe a small pop up tomorrow to test the gap. But maybe just more selling. I'm sure Cobra will have some evidence for both.
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Re: 08/18/2011 Intraday Watering

Postby Me XMan » Thu Aug 18, 2011 2:56 pm

Do I hear a SWISH sound coming to the downside?
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Re: 08/18/2011 Intraday Watering

Postby Anaconda » Thu Aug 18, 2011 2:57 pm

I still think we're going to see 110 SPY before we see any substantial bounce (i.e. more than 50% retracement of today's low). Elliott Wave iv, up, is over and we're on our way below 110. Cougar's chart from the other day said it all.

Cougar, can you please post an update to your EW chart from the other day?

Thanks,
A
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Re: 08/18/2011 Intraday Watering

Postby soku » Thu Aug 18, 2011 2:58 pm

soku wrote:worth note: hpq got huge spike today due to the announcement of spin off pc business. any constructive thinking?

:evil: when i yelled hpq, nobody checked it out?
missed this one.

http://www.zerohedge.com/news/hewlett-p ... news-later

add: right after i posted i saw hpq halted once again. wow
Last edited by soku on Thu Aug 18, 2011 3:00 pm, edited 1 time in total.
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Re: 08/18/2011 Intraday Watering

Postby KENA » Thu Aug 18, 2011 2:59 pm

Cobra wrote:Symmetrical Triangle, I bet EW analyst would say this is wave 4, before the final leg down.


I read today one analyst said this is wave 5 so look for 1050.It seems everyone has their opinons on these waves.
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Re: 08/18/2011 Intraday Watering

Postby Cobra » Thu Aug 18, 2011 3:01 pm

here comes the retest of the low. volume increasing, so either cannot breakdown the low or just quickly breakdown to run stop loss then rebound, should be close to a rebound anyway. let's see.
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Re: 08/18/2011 Intraday Watering

Postby jarbo456 » Thu Aug 18, 2011 3:04 pm

wtf is going on with HPQ
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Re: 08/18/2011 Intraday Watering

Postby Cobra » Thu Aug 18, 2011 3:04 pm

yeah, quick breakdown to run stop loss. let's see any rebound here, should be close.
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Re: 08/18/2011 Intraday Watering

Postby millie » Thu Aug 18, 2011 3:04 pm

thanks Cobra just about to sell the low as been out all day and just checking in , thx
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Re: 08/18/2011 Intraday Watering

Postby Me XMan » Thu Aug 18, 2011 3:04 pm

That's it people, SPX has a date with 1120 and 1100.

Me XMan wrote:Do I hear a SWISH sound coming to the downside?
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Re: 08/18/2011 Intraday Watering

Postby soku » Thu Aug 18, 2011 3:06 pm

soku wrote:
soku wrote:worth note: hpq got huge spike today due to the announcement of spin off pc business. any constructive thinking?

:evil: when i yelled hpq, nobody checked it out?
missed this one.

http://www.zerohedge.com/news/hewlett-p ... news-later

add: right after i posted i saw hpq halted once again. wow

strange. hpq is doing earnings release now. it was scheduled after close i thot.
anyway, earnings in line. they cut forecast, as zerohedge expected.
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Re: 08/18/2011 Intraday Watering

Postby Cobra » Thu Aug 18, 2011 3:06 pm

tinted area as Symmetrical Triangle text book target.
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Re: 08/18/2011 Intraday Watering

Postby SigmaEcho » Thu Aug 18, 2011 3:07 pm

Cobra wrote:yeah, quick breakdown to run stop loss. let's see any rebound here, should be close.



i would guess 4 of 3, next 5. with the bigger 4 and 5 to come
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