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02/25/2011 Intraday Watering

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Cobra
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

Miangua wrote:
Cobra wrote:Critical, breakdown below here will be a small double top. Bull hope a little breakdown then sharply reversal, trapping bears to form a failed double top then the market can go much higher as bear has to run for cover, so critical point here.
wohl~
Not yet, at least not as strong as I expected. Wait. I'm a little disappointed in bulls here. Should be sharp breakout usually.

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Cobra
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

Still a critical time, failed here would be 3 push up, therefore is bad for bulls. A sharp spike here will then form an overshot therefore some profit taking will follow, let's see.
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Cobra
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

If you don't understand the 3 push up, here's the 1 min chart. As a bull today, I really don't want it to fail here.
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Cobra
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

Bigger picture, the next resistance.
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greenback
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Re: 02/25/2011 Intraday Watering

Post by greenback »

Cobra wrote:Still a critical time, failed here would be 3 push up, therefore is bad for bulls. A sharp spike here will then form an overshot therefore some profit taking will follow, let's see.
Can we say it's a ascending triangle? It looks like one now ...
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Re: 02/25/2011 Intraday Watering

Post by 99er »

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BullBear52x
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Re: 02/25/2011 Intraday Watering

Post by BullBear52x »

I see a rounding tops in 1m chart. :idea:
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Cobra
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Re: 02/25/2011 Intraday Watering

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greenback wrote:
Cobra wrote:Still a critical time, failed here would be 3 push up, therefore is bad for bulls. A sharp spike here will then form an overshot therefore some profit taking will follow, let's see.
Can we say it's a ascending triangle? It looks like one now ...
I'll say for now it's Rectangle, a continuation pattern.
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JustTrading
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Re: 02/25/2011 Intraday Watering

Post by JustTrading »

Assuming we hold up towards the close, what are the chances for a gap fill early next week (s&p 1335-1340)?
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Cobra
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

JustTrading wrote:Assuming we hold up towards the close, what are the chances for a gap fill early next week (s&p 1335-1340)?
That needs to be a very big up Monday.

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greenback
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Re: 02/25/2011 Intraday Watering

Post by greenback »

Cobra, you once mentioned that if the market is up huge before the EOD, there is a good chance there would gap down the next day ... did I remember correctly?
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

Tough call for the last hour, but the consolidation above EMA20 should mean a breakout on the upside eventually?
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

greenback wrote:Cobra, you once mentioned that if the market is up huge before the EOD, there is a good chance there would gap down the next day ... did I remember correctly?
That should be really really huge in the last 10 minutes.

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cletus
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Re: 02/25/2011 Intraday Watering

Post by cletus »

this is a retracement wave in a downtrend, target should be up to ~132.70 on SPY around Tuesday and then turn lower to 127. This was already communicated by market makers a few weeks, which I was clear about. Remember, not only is the market manipulated, but most of the moves are communicated via the charts.
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Re: 02/25/2011 Intraday Watering

Post by greenback »

Cobra wrote:
greenback wrote:Cobra, you once mentioned that if the market is up huge before the EOD, there is a good chance there would gap down the next day ... did I remember correctly?
That should be really really huge in the last 10 minutes.
Thanks a lot!
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Re: 02/25/2011 Intraday Watering

Post by Cobra »

Still possible, the final push is on the upside.
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Dow Trader
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Re: 02/25/2011 Intraday Watering

Post by Dow Trader »

from official Lybia tv : Gadaffi's son will talk to the people and the world today (market really don't like this man).. they didn't mentioned the exact time (check oil,gold, and dow)..reminder, when this man talked last time was at weekly open ovenight when Dow was 13350 and oil in 80's.
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Re: 02/25/2011 Intraday Watering

Post by Me XMan »

If market thinks like a criminal, they would have no decision today and keep you all guessing which way to go for next week. No decision today IMO.
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Re: 02/25/2011 Intraday Watering

Post by Dow Trader »

Dow Trader wrote:from official Lybia tv : Gadaffi's son will talk to the people and the world today (market really don't like this man).. they didn't mentioned the exact time (check oil,gold, and dow)..reminder, when this man talked last time was at weekly open ovenight when Dow was 13350 and oil in 80's.
correction 12350 not 13350
ukarlewitz
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Re: 02/25/2011 Intraday Watering

Post by ukarlewitz »

Hey Cobra
Is this an 'all up day' with gld, uso, spy, tlt and uup all green? And if so what are the implications? It's been awhile since the last one.
Uk
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