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02/24/2011 Intraday Watering

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Netrom
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Re: 02/24/2011 Intraday Watering

Post by Netrom »

i count 5 wave down, god fib relation to should head north the next few days
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RedCedar
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Re: 02/24/2011 Intraday Watering

Post by RedCedar »

Cobra wrote:wow. Still trend is your friend, that's all I can say, no matter how experienced you're. I didn't expect this, I admit. Now the problem is, in order for a reversal, we have to undergo the same lengthy procedure: breakout trendline, then back test the previous low, then rebound...
Wow, classical, Thanks Cobra!!
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Cobra
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Re: 02/24/2011 Intraday Watering

Post by Cobra »

another test of EMA20, hope this time is different...
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maldini
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Re: 02/24/2011 Intraday Watering

Post by maldini »

I think today's low was in, though it will be retested
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EvilTrader
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Re: 02/24/2011 Intraday Watering

Post by EvilTrader »

in a TREND stay short or OUT.

it doesnt pay to catch a falling knife.

A hero does not live long.
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Cobra
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Re: 02/24/2011 Intraday Watering

Post by Cobra »

Good, a little resistance here though.
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matrix
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Re: 02/24/2011 Intraday Watering

Post by matrix »

dont we need a close on LOD..???? then...lower lows on friday, which will mean...lower lows...next week....
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Cobra
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Re: 02/24/2011 Intraday Watering

Post by Cobra »

maldini wrote:I think today's low was in, though it will be retested
Not sure about retest, because QQQQ and IWM were exactly at the previous low.
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zombiebraingoo
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Re: 02/24/2011 Intraday Watering

Post by zombiebraingoo »

Support on spx and rut are holding - methinks this turns around here.
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greenback
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Re: 02/24/2011 Intraday Watering

Post by greenback »

Retesting the down trend line ...
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greenback
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Re: 02/24/2011 Intraday Watering

Post by greenback »

Well, rejected by the resistance again ...
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Cobra
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Re: 02/24/2011 Intraday Watering

Post by Cobra »

greenback wrote:Well, rejected by the resistance again ...
The rebound is strong, so should be 2 leged at least, I think.
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zombiebraingoo
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Re: 02/24/2011 Intraday Watering

Post by zombiebraingoo »

predict closes green across the board I think - (except for BKX! and maybe dow will be a little red)
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zombiebraingoo
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Re: 02/24/2011 Intraday Watering

Post by zombiebraingoo »

man! PM's getting hammered - profit taking is the only thing I can think of given USD is about to fall below 77
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Me XMan
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Re: 02/24/2011 Intraday Watering

Post by Me XMan »

The faster bounce the harder drop IMO.
zombiebraingoo wrote:predict closes green across the board I think - (except for BKX! and maybe dow will be a little red)
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zombiebraingoo
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Re: 02/24/2011 Intraday Watering

Post by zombiebraingoo »

you know its easy to forget that RUT is still up about 2.5% for the month...other indexes all fairly positive for the month still in spite of this three day move.
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greenback
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Re: 02/24/2011 Intraday Watering

Post by greenback »

Looks good, we are finally above the previous resistance ...
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greenback
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Re: 02/24/2011 Intraday Watering

Post by greenback »

Crude is having a near-perfect anti-correlation with SPX intraday ...
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Cobra
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Re: 02/24/2011 Intraday Watering

Post by Cobra »

Not a good H2, but I still think this should at least be 2 legged up.
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maldini
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Re: 02/24/2011 Intraday Watering

Post by maldini »

Cobra wrote:Not a good H2, but I still think this should at least be 2 legged up.
I will do this H2, but in my definition, I think this is H1 :-)
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