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08/26/2011 Intraday Watering

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BullBear52x
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Re: 08/26/2011 Intraday Watering

Post by BullBear52x »

double top intraday with neg. D. got to do it this time I got to run to the rest room :lol: :lol: :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
tonghu
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Joined: Mon Feb 14, 2011 12:35 pm

Re: 08/26/2011 Intraday Watering

Post by tonghu »

hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?
Cobra wrote:multiple supports around here, let's see. I still think more up ahead.
Tabby
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Re: 08/26/2011 Intraday Watering

Post by Tabby »

BullBear52x wrote:double top intraday with neg. D. got to do it this time I got to run to the rest room :lol: :lol: :lol:
LOL.
Make sure, you powder your nose. :mrgreen:
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

tonghu wrote:hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?
Cobra wrote:multiple supports around here, let's see. I still think more up ahead.
it shouldn't be the log-scale chart, but to save time, I just disregard that. Trading is not science as long as you know my forecast, that should be enough.

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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

Key time, anytime revisit the previous high there's a chance blah blah, you know. I need see more bars, I'm not bearish yet. Hey who's the one wish for the higher high? You wish is true now, just a few cents higher but hey, you didn't say how high you want. :lol:
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tonghu
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Re: 08/26/2011 Intraday Watering

Post by tonghu »

got it, thanks :)
Cobra wrote:
tonghu wrote:hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?
Cobra wrote:multiple supports around here, let's see. I still think more up ahead.
it shouldn't be the log-scale chart, but to save time, I just disregard that. Trading is not science as long as you know my forecast, that should be enough.
MajorEasy
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Joined: Wed Feb 16, 2011 9:53 pm

Re: 08/26/2011 Intraday Watering

Post by MajorEasy »

due to the slope of the green dotted line, long only set-ups should be taken
this is my fast entry and exit chart....
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

as long as the green line below is not decisively broken, bulls should be fine. I'm still bullish biased.
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Chrys
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Re: 08/26/2011 Intraday Watering

Post by Chrys »

Cobra - what do you think about wave c of 4 (starting 8/22) is an Ending Diagonal. ED's have overlapping waves. We are in wave 3. Wave 4 should overlap with 1. Target = 1228 in about a week. Then Wave 5 down hard. 1010?
newbie_77
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Re: 08/26/2011 Intraday Watering

Post by newbie_77 »

upside or roll over down side :D
newbie_77
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Re: 08/26/2011 Intraday Watering

Post by newbie_77 »

i guess we have to take out
1175 and
1173 before we head down.
will that be a correct assumption ?
Hattrick
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Re: 08/26/2011 Intraday Watering

Post by Hattrick »

Cobra wrote:Key time, anytime revisit the previous high there's a chance blah blah, you know. I need see more bars, I'm not bearish yet. Hey who's the one wish for the higher high? You wish is true now, just a few cents higher but hey, you didn't say how high you want. :lol:
Hi Cobra, I said to make it higher AND HIGHER. So please keep working on it. Thanks. :lol:
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

Chrys wrote:Cobra - what do you think about wave c of 4 (starting 8/22) is an Ending Diagonal. ED's have overlapping waves. We are in wave 3. Wave 4 should overlap with 1. Target = 1228 in about a week. Then Wave 5 down hard. 1010?
no idea. I think the current rebound is just an ABC zigzag, and that's why I gave the Measured Move target earlier.
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

cannot believe bulls losing momentum this fast, but still as long as the green line hold or not decisively broken, then bulls are OK, otherwise, we'll have to see.
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silkway
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Re: 08/26/2011 Intraday Watering

Post by silkway »

bear flag?
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

EMA gap long, hopefully it could pull bulls up.
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EvilTrader
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Re: 08/26/2011 Intraday Watering

Post by EvilTrader »

Cobra wrote:EMA gap long, hopefully it could pull bulls up.

Looks like a H&S forming @5min.

Also neg div.

think is likely to go down. :ugeek:
pablorynx
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Re: 08/26/2011 Intraday Watering

Post by pablorynx »

Vol is being bot again in the pits. In the face of weekend decay. sounds like bad things are afoot
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

cannot believe bulls losing momentum this fast. :cry:
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hemlock21
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Re: 08/26/2011 Intraday Watering

Post by hemlock21 »

Let's not take our eyes of the ball today.

Greece 10 year bond yields exceeded their ALL TIME HIGH today (but backed off a bit). Think that explains Europe being down so much before our markets took off this morning.
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