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01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:01 am
by Cobra
Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should not be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

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Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:08 am
by 99er
Good Morning.

So honey...what's the news?

http://www.99ercharts.com/archives/49

Not sure...still reading the cartoons.

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:09 am
by 99er
So what's for breakfast?

ES http://www.99ercharts.com/archives/56

Hot MACD Cross buns?

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:12 am
by 99er
Honey?

NQ http://www.99ercharts.com/archives/54

Could you serve them with Butter-flies?

[Too corny I know. GLTA.]

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:13 am
by cougar
Good morning, Cobra!
UPRO: not again!
To convince me, it got to close above the morning high (#6)!
Can it do that? Probably not!

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:15 am
by xiaohehua
Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png



"Normally such a huge gap should be filled. Let's see." Should or Should Not be filled? Remember you usually say gap may not be filled after huge gap up. just curious..What makes the difference this time?

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:18 am
by KeiZai
Good morning folks!!

Okey, now I know again that fighting with the invisible hand is not a good thing :lol: ...but...I am very patient person and the old phrase says: the one who laughs last laughs best :D

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:19 am
by noob
Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png


Morning Cobra, I thought you will only add to bull position if it opens high and goes higher? Might open high and go lower? Never know with this market.

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:20 am
by cougar
The Chinese New Year trade goes on! Staying long with FXI Feb 37 C, as previously discussed .
It appears that the Water Dragon was injected with some 100B Yuan…which he enjoyed a lot!

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:21 am
by q2model
Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png



So you will long at open?

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:23 am
by Cobra
q2model wrote:
Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png



So you will long at open?


will see after 10am ET.

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:27 am
by KeiZai
I am expecting correction to 1290

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:29 am
by waverider
Good morning all, thanks for the updates. Apparently SPY has only opened >+0.5% only twice after MLK day. It didn't gain >0.3% for the week either time ha!

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:30 am
by Cobra
the open.

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:31 am
by KeiZai
KeiZai wrote:I am expecting correction to 1290



Sentiment trader: "Only twice before has $SPY opened >+0.5% after MLK day (1999 and 2002). Didn't gain >0.3% rest of week either time"

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:33 am
by 99er

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:35 am
by 99er

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:36 am
by 99er

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:37 am
by toplight
Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png


You mean "Normally such a huge gap should be filled. " or should NOT be filled?

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 10:40 am
by waverider
Nice KeiZai, sometimes they give interesting freebies. 99, your crude update was also /HG, love the charts though!