02/28/2011 Intraday Watering

Post by **Cobra** » Mon Feb 28, 2011 10:06 am

Gap up above Friday's range, so chances are good that the gap won't get filled. The global ES has almost reached the Double Bottom target, but if this is a measured move (since a Triangle continuation pattern has formed), then it could go very very high. Anyway, as mentioned in the weekend report, if another 1%+ rise today, then probably we'll see a new high tomorrow and a lot of push up thereafter, so kind of critical day for bears.

wave · Post by **wave** » Mon Feb 28, 2011 10:08 am

Thanks! New week beginning...

chickencoop · Post by **chickencoop** » Mon Feb 28, 2011 10:10 am

Good morning and happy trading!

wxtrader001 · Post by **wxtrader001** » Mon Feb 28, 2011 10:11 am

Thanks, good morning Cobra!

Forevergreen · Post by **Forevergreen** » Mon Feb 28, 2011 10:12 am

Good Morning

nelsonbelchior · Post by **nelsonbelchior** » Mon Feb 28, 2011 10:13 am

Hi Cobra, good morning and in my case, from portugal, good afternoon.

BullBear52x · Post by **BullBear52x** » Mon Feb 28, 2011 10:14 am

good morning,

Lets roll the dice.....either direction I got both hats on today. VIX closed Friday favored Bear according to my short time frame, but the power that be decides what's on the plate today

nelsonbelchior · Post by **nelsonbelchior** » Mon Feb 28, 2011 10:15 am

Cobra dont you think that there will be a pullback to the support and then a push up?

markyuan81 · Post by **markyuan81** » Mon Feb 28, 2011 10:18 am

GOOD MORNING!

Post by **Cobra** » Mon Feb 28, 2011 10:18 am

nelsonbelchior wrote:Cobra dont you think that there will be a pullback to the support and then a push up?

anything is possible, let's wait.

BullBear52x · Post by **BullBear52x** » Mon Feb 28, 2011 10:24 am

side note: Put INTC on your screen, this baby gonna rock, down? likely.

nelsonbelchior · Post by **nelsonbelchior** » Mon Feb 28, 2011 10:26 am

Cobra wrote:
nelsonbelchior wrote:Cobra dont you think that there will be a pullback to the support and then a push up?
anything is possible, let's wait.

Ok let´s wait.

KENA · Post by **KENA** » Mon Feb 28, 2011 10:26 am

New Week.... Stocktiming.com says Vix to move down...Liquidity is up...Institutions in low accumulation...Spy in caution condition. I took a small long position on Fri. close. Lets see.

seafood · Post by **seafood** » Mon Feb 28, 2011 10:28 am

so may not have a 2nd leg down if rise 1%+ today?

Post by **Cobra** » Mon Feb 28, 2011 10:32 am

Opening, right at resistance.

99er · Post by **99er** » Mon Feb 28, 2011 10:32 am

Morning!
ES target still at 1274 based on an experimental Wolfe Wave.
http://99ercharts.blogspot.com/2011/02/es_28.html
Good luck.

Post by **Cobra** » Mon Feb 28, 2011 10:32 am

seafood wrote:so may not have a 2nd leg down if rise 1%+ today?

Up 1%+, bears are almost dead.

99er · Post by **99er** » Mon Feb 28, 2011 10:35 am

EURUSD
Appears to have topped earlier today.
http://99ercharts.blogspot.com/2011/02/eurusd_28.html
Bearish for equities.

q2model · Post by **q2model** » Mon Feb 28, 2011 10:40 am

Cobra wrote:
seafood wrote:so may not have a 2nd leg down if rise 1%+ today?
Up 1%+, bears are almost dead.

What is the reasoning?

99er · Post by **99er** » Mon Feb 28, 2011 10:42 am

AUDUSD
This currency pair, as a proxy for equities, appears to have topped as well. There is a bearish Gartley Pattern (in gold) and a possible Wolfe Wave targeting lower prices.
http://99ercharts.blogspot.com/2011/02/audusd_28.html

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02/28/2011 Intraday Watering

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