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08/26/2011 Intraday Watering

08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 9:04 am

Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.
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Re: 08/26/2011 Intraday Watering

Postby seekingknowledge » Fri Aug 26, 2011 9:09 am

Cobra wrote:Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.


Cobra, For learning purposes on my part, why do you not think the gap will be filled today -- at least back to neckline of H&S?
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Re: 08/26/2011 Intraday Watering

Postby cougar » Fri Aug 26, 2011 9:09 am

GM, Cobra!
SPX scenario. Next stop = 1128:
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Re: 08/26/2011 Intraday Watering

Postby cougar » Fri Aug 26, 2011 9:13 am

An increasing weakness was reflected in the intra-day signals for IWM.
...in spite of a continuous "divine intervention"...
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Re: 08/26/2011 Intraday Watering

Postby cougar » Fri Aug 26, 2011 9:16 am

$NDX and its "internal problems" - update, at close
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Re: 08/26/2011 Intraday Watering

Postby simpletrader » Fri Aug 26, 2011 9:16 am

depending on how the market open, with Ben's talk, hopefully will open above the neckline.
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Re: 08/26/2011 Intraday Watering

Postby 99er » Fri Aug 26, 2011 9:17 am

Good Morning.

[Couldn't resist.]

So honey...still thinking about Europe?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_26.html

Well...
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Re: 08/26/2011 Intraday Watering

Postby 99er » Fri Aug 26, 2011 9:18 am

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Re: 08/26/2011 Intraday Watering

Postby 99er » Fri Aug 26, 2011 9:19 am

Uh oh...Japanese tourists?
ES http://99ercharts.blogspot.com/2011/08/es_26.html

Let's surf the East Coast.
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Re: 08/26/2011 Intraday Watering

Postby pezhead9000 » Fri Aug 26, 2011 9:19 am

cougar - great charts!
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Re: 08/26/2011 Intraday Watering

Postby KENA » Fri Aug 26, 2011 9:21 am

The mkt could not hold below the 1157 level yesterday.Maybe today we gap below the 1152 which is the 200wma.If we can stay below this the mkt may be bearish all day...I like Cougar's 1128 target.Wait and see.
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Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 9:21 am

seekingknowledge wrote:
Cobra wrote:Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.


Cobra, For learning purposes on my part, why do you not think the gap will be filled today -- at least back to neckline of H&S?


I've given the reason: large gap below yesterday's range, so chances are little bit higher that the gap won't be filled. Check "Getting Start", there's a post about 3 type of morning gaps. All based on that.

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Re: 08/26/2011 Intraday Watering

Postby cougar » Fri Aug 26, 2011 9:24 am

Thanx "pez".
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Re: 08/26/2011 Intraday Watering

Postby seekingknowledge » Fri Aug 26, 2011 9:27 am

Cobra wrote:
seekingknowledge wrote:
Cobra wrote:Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.


Cobra, For learning purposes on my part, why do you not think the gap will be filled today -- at least back to neckline of H&S?


I've given the reason: large gap below yesterday's range, so chances are little bit higher that the gap won't be filled. Check "Getting Start", there's a post about 3 type of morning gaps. All based on that.


Thanks. I'll check the "Getting Started".
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Re: 08/26/2011 Intraday Watering

Postby alvian33 » Fri Aug 26, 2011 9:27 am

what time is the announcement?
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Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 9:28 am

alvian33 wrote:what time is the announcement?


10am

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Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 9:31 am

the open.
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Re: 08/26/2011 Intraday Watering

Postby jarbo456 » Fri Aug 26, 2011 9:36 am

pushing back into yesterdays range? -_-
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Re: 08/26/2011 Intraday Watering

Postby 99er » Fri Aug 26, 2011 9:36 am

East Coast?
SPX http://99ercharts.blogspot.com/2011/08/spx_26.html

Yeah. Heard there will be swells on Wall Street.
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Re: 08/26/2011 Intraday Watering

Postby silkway » Fri Aug 26, 2011 9:37 am

Economy grew at slower 1 pct. rate this spring
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