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02/23/2011 Intraday Watering

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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

Inital resistance, but I guess there should be more on the upside.
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BullBear52x
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Re: 02/23/2011 Intraday Watering

Post by BullBear52x »

Surely a strong resistance here, where is uncle Ben when you need him the most :P
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

BullBear52x wrote:Surely a strong resistance here, where is uncle Ben when you need him the most :P
A consolidation or little pullback from here is not bad for bulls.
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matrix
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Re: 02/23/2011 Intraday Watering

Post by matrix »

GLD filled gap at todays high...138.20
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Re: 02/23/2011 Intraday Watering

Post by matrix »

finally....the bears are showing up....
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

Found support at the previous breakout point, now the 2nd assault of the resistance, looks not bad so far.
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Me XMan
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Re: 02/23/2011 Intraday Watering

Post by Me XMan »

Bears still got cobweb in their eyes.
matrix wrote:finally....the bears are showing up....
andyzaky
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Re: 02/23/2011 Intraday Watering

Post by andyzaky »

5-min downtrend break.
5-min downtrend break.
Is the first leg down coming to an end? This bounce does look kind of weak even though its broken out of the downward channel.

Edit: Why do I see an mini- inverted head & shoulders set up in the market's future?
Last edited by andyzaky on Wed Feb 23, 2011 4:06 pm, edited 1 time in total.
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

Right in the target area as I said, now the resistance becomes heavier hand heavier, bulls need show some strength here.
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

andyzaky wrote:
First Leg Down.png
Is the first leg down coming to an end? This bounce does look kind of weak even though its broken out of the downward channel.

Edit: Why do I see an mini- inverted head & shoulders set up in the market's future?
Breakout channel is only the first step, usually after the rebound the previous low will get tested, so called the 2nd leg down.

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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

The resistance is more clear here.
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BullBear52x
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Re: 02/23/2011 Intraday Watering

Post by BullBear52x »

Tech semi SOX too week to carry on up ward.
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

Sorry, too much focused on day trading pattern. Here's what I see, pay attention to how VIX closes today, a reversal like bar with body completely out of BB top would be not bad for bulls.
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andyzaky
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Re: 02/23/2011 Intraday Watering

Post by andyzaky »

Cobra wrote:
andyzaky wrote:
First Leg Down.png
Is the first leg down coming to an end? This bounce does look kind of weak even though its broken out of the downward channel.

Edit: Why do I see an mini- inverted head & shoulders set up in the market's future?
Breakout channel is only the first step, usually after the rebound the previous low will get tested, so called the 2nd leg down.
Agreed. looking for the first bounce.
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silicon_beaver
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Re: 02/23/2011 Intraday Watering

Post by silicon_beaver »

BullBear52x wrote:Tech semi SOX too week to carry on up ward.
It's bad timing for HPQ earning report.
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

Just info, SPY rebounded right at Fib 23.6.
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges. :(
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maldini
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Re: 02/23/2011 Intraday Watering

Post by maldini »

Cobra wrote:So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges. :(
COOL
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Cobra
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Re: 02/23/2011 Intraday Watering

Post by Cobra »

maldini wrote:
Cobra wrote:So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges. :(
COOL
Kidding... :mrgreen:

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maldini
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Re: 02/23/2011 Intraday Watering

Post by maldini »

Cobra wrote:
maldini wrote:
Cobra wrote:So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges. :(
COOL
Kidding... :mrgreen:
Usually there is a false breakout after narrow range, so I thought that red bar was the one, but it turned out this bull bar is the one ???
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