08/26/2011 Intraday Watering

[lilitulip]

Hi Cobra, if the HS broke, and now it back above previous neckline, should it be still same HS pattern? or would be another pattern? thanks

[Cobra]

the bigger picture, today's action only proves what we had in the last couple of days was just a rebound, maintain the Aug 9 lows will be revisited. For now the only question to me is when the rebound will be over and where? And today's up isn't over yet as of now.

[Cobra]

Hi Cobra, if the HS broke, and now it back above previous neckline, should it be still same HS pattern? or would be another pattern? thanks

H&S finished. We should now look for another pattern.

[flrtrader]

Will cover long in 20 min at 1176.50 /es

[AK84]

the bigger picture, today's action only proves what we had in the last couple of days was just a rebound, maintain the Aug 9 lows will be revisited. For now the only question to me is when the rebound will be over and where? And today's up isn't over yet as of now.

Hopefully not on monday !!

[Cobra]

Measured Move target.

[99er]

Hey Ben...
30-Year http://99ercharts.blogspot.com/2011/08/30y_26.html

Surf?

[uempel]

Measured Move target.

Could be valid, iron barrier (MA 377) is now at 1211.99...

[newbie_77]

Measured Move target.

hello cobra,
good morning. so your target is around 121 within next 2-3 days? is that how i should interpret this?

[Mario TR]

maybe a bear flag in formation

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold_26.html
Silver http://99ercharts.blogspot.com/2011/08/silver_26.html

[StrikePrice]

Measured Move target.

There appears to be a H&S pattern on that chart. I guess the Bulls can invalidate it by grinding higher. Is it your feeling we won't measure down for that pattern?

[nonabear]

Cobra,

Nasdaq led this up this morning, now the NQ is lagging (a little)...mean anything...any target on a move down on the SPY before a move back up.

Thanks.

[Cobra]

Measured Move target.

hello cobra,
good morning. so your target is around 121 within next 2-3 days? is that how i should interpret this?

max target. usually don't expect 100% measured move, make it 61.8% to be safe.

[Cobra]

Cobra,

Nasdaq led this up this morning, now the NQ is lagging (a little)...mean anything...any target on a move down on the SPY before a move back up.

Thanks.

I don't see NQ lagging now.

[Cobra]

Measured Move target.

There appears to be a H&S pattern on that chart. I guess the Bulls can invalidate it by grinding higher. Is it your feeling we won't measure down for that pattern?

I don't see H&S?

[nonabear]

Cobra,

Nasdaq led this up this morning, now the NQ is lagging (a little)...mean anything...any target on a move down on the SPY before a move back up.

Thanks.

I don't see NQ lagging now.

Just slightly on the 30 minute chart...very minor, but maybe not now.

[newbie_77]

Measured Move target.

hello cobra,
good morning. so your target is around 121 within next 2-3 days? is that how i should interpret this?

max target. usually don't expect 100% measured move, make it 61.8% to be safe.

thank you very much

[StrikePrice]

Measured Move target.

There appears to be a H&S pattern on that chart. I guess the Bulls can invalidate it by grinding higher. Is it your feeling we won't measure down for that pattern?

I don't see H&S?

Alright. Thanks.

[BullBear52x]

Neg. D, sell crew alert bip bip bip