02/24/2011 Intraday Watering

[Cobra]

Small gap down, so chances are good that the gap will be filled and the day could be a range day.

I said yesterday, it appears that one more down leg to test the previous low is missing and now global ES has fulfilled this, not sure if normal hour would follow or the very first leg down has finally completed. Let's see.

[wave]

Good morning, every buddy.

[chickencoop]

good morning!

[99er]

ES
Target 1275.
http://99ercharts.blogspot.com/2011/02/es_24.html
Good luck, folks!

[chickencoop]

ES
Target 1275.
http://99ercharts.blogspot.com/2011/02/es_24.html
Good luck, folks!

thanks. i'll def jump in when it hits that mark.

[shumushu]

I am expecting a bounce for the bulls. If they are really weak, we might just chop around.

Rut is at the 50 day moving average and strong support.

NDX is right at the 50 day moving average. In addition, nasdaq leaders and goog and aapl showing relative strength.

[matrix]

RUT bounce to 13 ema.....814.53, if the 20 sma doesnt hold it before, at 808.07

[maldini]

Small gap down, so chances are good that the gap will be filled and the day could be a range day.

I said yesterday, it appears that one more down leg to test the previous low is missing and now global ES has fulfilled this, not sure if normal hour would follow or the very first leg down has finally completed. Let's see.

This is my confusion too: how much influence the action in the global ES will have on the intraday chart...

I think AB prefers re-test for today, not quite sure though.

[wave]

AUDUSD spike up!

[Cobra]

The opening.

[wave]

Today maybe is a good day for short term (less than 1 day) long.

[slcgh]

Good morning, everyone

[99er]

Dollar
Okay Timmay...that's ENOUGH!
http://99ercharts.blogspot.com/2011/02/dollar_24.html
Stop it.

[shumushu]

Looks like we are going to chop around inside yesterday's range until New Home Sales and Crude Inventories come out.

[Cobra]

Looks like we are going to chop around inside yesterday's range until New Home Sales and Crude Inventories come out.

Seasonality says today shall be green but we're suppose to short at close.

[huiwangren]

good morning!

[shumushu]

Looks like we are going to chop around inside yesterday's range until New Home Sales and Crude Inventories come out.

Seasonality says today shall be green but we're suppose to short at close.

That statistics is just awesome!. Btw thanks for shooting me the email yesterday from umprel.

[shumushu]

Crude oil, currently the leader of commodities, is testing the 100 dollar bbl and a strong blue trendline.

[Travelfrog]

New home sales -12.6%

[nelsonbelchior]

Looks like we are going to chop around inside yesterday's range until New Home Sales and Crude Inventories come out.

Seasonality says today shall be green but we're suppose to short at close.

And you´ll short at close?