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08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering

Postby Cobra » Tue Aug 30, 2011 3:36 pm

tinted area as C&H (cup and handle) text book target.
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Re: 08/30/2011 Intraday Watering

Postby keesa » Tue Aug 30, 2011 3:38 pm

Cobra: might be too late to finish cup&handle target at 122.8, I think closing is around here 122.2-122.4
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Re: 08/30/2011 Intraday Watering

Postby Cobra » Tue Aug 30, 2011 3:41 pm

keesa wrote:Cobra: might be too late to finish cup&handle target at 122.8, I think closing is around here 122.2-122.4


will continue into tomorrow. the previous unfinished pattern tends to continue into the next day despite the overnight session, very interesting.

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Re: 08/30/2011 Intraday Watering

Postby MajorEasy » Tue Aug 30, 2011 3:42 pm

the last 15 minutes the dow pops up 30 to 40 pts...
my guess,
is that this is only a short squeeze.
the big guys saw a few too many shorts and they decided to "run the stops"
who in their right mind would want to be long today, with our economy the way it is.
the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 08/30/2011 Intraday Watering

Postby heavenskrow » Tue Aug 30, 2011 3:42 pm

Cobra wrote:tinted area as C&H (cup and handle) text book target.

SAWEET 123 here we come :D
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Re: 08/30/2011 Intraday Watering

Postby KENA » Tue Aug 30, 2011 3:42 pm

With all my indicators turning green i'm now about to be a bull for awhile.Who knows how long this up move will be.I think it could last 4-6 weeks thats a good average.I am still waiting for a bit to see what happens in the next couple of days.Lets see.
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Re: 08/30/2011 Intraday Watering

Postby Klarisskin » Tue Aug 30, 2011 3:44 pm

Remember yesterday AH phantom bar to $122.5009? Looks like it worked again.
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Re: 08/30/2011 Intraday Watering

Postby keesa » Tue Aug 30, 2011 3:44 pm

short squeeze is the most efficient way to get out the deep hole. That is why virtually no pull backs allowed during the rally.

MajorEasy wrote:the last 15 minutes the dow pops up 30 to 40 pts...
my guess,
is that this is only a short squeeze.
the big guys saw a few too many shorts and they decided to "run the stops"
who in their right mind would want to be long today, with our economy the way it is.
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Re: 08/30/2011 Intraday Watering

Postby tapesense » Tue Aug 30, 2011 3:46 pm

USO eyeing 37
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Re: 08/30/2011 Intraday Watering

Postby millie » Tue Aug 30, 2011 3:46 pm

the last 15 minutes the dow pops up 30 to 40 pts...
my guess,
is that this is only a short squeeze.
the big guys saw a few too many shorts and they decided to "run the stops"
who in their right mind would want to be long today, with our economy the way it is.

Major, ignore news and opinions when trading, price rules! Believe me it has cost me a fortune to learn that. ;-)
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Re: 08/30/2011 Intraday Watering

Postby Anaconda » Tue Aug 30, 2011 3:48 pm

Klarisskin wrote:Remember yesterday AH phantom bar to $122.5009? Looks like it worked again.


Yes. My buy order (short) triggered at 122.25 SPY. Now for the backside... :twisted:
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Re: 08/30/2011 Intraday Watering

Postby pidge66 » Tue Aug 30, 2011 3:50 pm

So we've retraced 50% of the selloff since July !!
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Re: 08/30/2011 Intraday Watering

Postby jarbo456 » Tue Aug 30, 2011 3:53 pm

Cobra wrote:
keesa wrote:Cobra: might be too late to finish cup&handle target at 122.8, I think closing is around here 122.2-122.4


will continue into tomorrow. the previous unfinished pattern tends to continue into the next day despite the overnight session, very interesting.


so will you hold a long into tomorrow cobra?
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Re: 08/30/2011 Intraday Watering

Postby tapesense » Tue Aug 30, 2011 3:54 pm

ORCL close above 27.96 points to 30s
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Re: 08/30/2011 Intraday Watering

Postby Cobra » Tue Aug 30, 2011 3:54 pm

the close isn't beautiful so far, if considering ChiOsc too high, hmm.
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Re: 08/30/2011 Intraday Watering

Postby Cobra » Tue Aug 30, 2011 3:56 pm

ugly close it is, well, guess that's it for today, thank you guys, I'll see you tomorrow.
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Re: 08/30/2011 Intraday Watering

Postby heavenskrow » Tue Aug 30, 2011 3:58 pm

Im going to hold my long... I think one more push for bulls tomorrow to make August's monthly close neutral looking for indicators.
And that the target isnt reached.... :o
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Re: 08/30/2011 Intraday Watering

Postby keesa » Tue Aug 30, 2011 3:58 pm

Tomorrow market DOWN? :)
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Re: 08/30/2011 Intraday Watering

Postby MajorEasy » Tue Aug 30, 2011 3:59 pm

millie wrote:
Major, ignore news and opinions when trading, price rules! Believe me it has cost me a fortune to learn that. ;-)


thx millie of course you are correct THX!!!!
the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 08/30/2011 Intraday Watering

Postby Anaconda » Tue Aug 30, 2011 4:02 pm

keesa wrote:Tomorrow market DOWN? :)


Absolutely.
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