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03/17/2011 Intraday Watering

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Cobra
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03/17/2011 Intraday Watering

Post by Cobra »

Huge gap up but within yesterday's range so no idea if the gap will be filled. I'll assume today is going to be a strong uptrend day?
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Institutions are still in distribution.
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chickencoop
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Re: 03/17/2011 Intraday Watering

Post by chickencoop »

gm
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99er
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Re: 03/17/2011 Intraday Watering

Post by 99er »

Morning.

/ES target 1213.
http://99ercharts.blogspot.com/2011/03/es_17.html

May you enjoy the luck of the Irish!
Happy Saint Paddy's Day.
markyuan81
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Re: 03/17/2011 Intraday Watering

Post by markyuan81 »

MORNING, COBRA!
cletus
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Re: 03/17/2011 Intraday Watering

Post by cletus »

Target for bull wedge SPY 130 or so. I have a moving average that will predict where the market will turn when the market comes up to hit it. And even then, it might blast past it and confirm a new uptrend, so I would only scale into shorts at those levels and back off if they push high above it.
stocksage
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Re: 03/17/2011 Intraday Watering

Post by stocksage »

In my experience when nymo is already oversold as it was it pays to buy the close yesterday.
FJoe
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Re: 03/17/2011 Intraday Watering

Post by FJoe »

Cobra,

Assuming today is a big up day, what do you see going forward over the next 1-4 days. I believe that early in a downtrend they are big 1 day counter moves, but in a longer downtrend can be 2 or 3 day counter moves...then new lows. Thoughts, and thanks.
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BullBear52x
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Re: 03/17/2011 Intraday Watering

Post by BullBear52x »

Good morning and happy green day :mrgreen: :mrgreen: :mrgreen: :mrgreen: St. Patrick greeen :lol:

here is my target and plan, GL
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Cobra
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Re: 03/17/2011 Intraday Watering

Post by Cobra »

FJoe wrote:Cobra,

Assuming today is a big up day, what do you see going forward over the next 1-4 days. I believe that early in a downtrend they are big 1 day counter moves, but in a longer downtrend can be 2 or 3 day counter moves...then new lows. Thoughts, and thanks.
I'll assume the same. But since this market is crazily bullish, so anything is possible. :D

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BullBear52x
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Re: 03/17/2011 Intraday Watering

Post by BullBear52x »

I will trade SSO, so here is a target.
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Cobra
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Re: 03/17/2011 Intraday Watering

Post by Cobra »

The open. One thing I've noticed though, the green curve, FXA:FXY doesn't look good.
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EvilTrader
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Re: 03/17/2011 Intraday Watering

Post by EvilTrader »

Hey Cobra

I got my big gap i was calling yesterday. :lol:

expect some short covering to fuel the market higher.

Volatility i expect to remain high, so watchout.
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BullBear52x
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Re: 03/17/2011 Intraday Watering

Post by BullBear52x »

No volume, becareful :!:
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Cobra
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Re: 03/17/2011 Intraday Watering

Post by Cobra »

Here are what I'm not happy about bulls, NQ cannot break EMA20 and most of all AUDJPY is way too weak.
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BullBear52x
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Re: 03/17/2011 Intraday Watering

Post by BullBear52x »

ES is turning.
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Re: 03/17/2011 Intraday Watering

Post by BullBear52x »

Are they jigging for new shorts before running up? to day I think SPX just try to get back in the BB and stay there, with that thesis my target 2 may not hit but will be higher in the day. That's my guess :idea:
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Abbly
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Re: 03/17/2011 Intraday Watering

Post by Abbly »

BullBear52x wrote:No volume, becareful :!:
will the GAp be filled ?and dowd trend.
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Cobra
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Re: 03/17/2011 Intraday Watering

Post by Cobra »

little bigger picture. Nothing to say.
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BullBear52x
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Re: 03/17/2011 Intraday Watering

Post by BullBear52x »

Abbly wrote:
BullBear52x wrote:No volume, becareful :!:
will the GAp be filled ?and dowd trend.
127.23 is lowest it will go on SPY to day. it doesn't want to get any weaker.
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99er
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Re: 03/17/2011 Intraday Watering

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