02/15/2011 Intraday Watering

[99er]

Euro
H&S?
http://99ercharts.blogspot.com/2011/02/euro_15.html

[Cobra]

L3 short? Anybody, just wondering, I'm not good at this stuff.

[Nosorog]

Hi from Croatia

[Nosorog]

is it going to react like list time?
we will see

[Cobra]

Congratulations to those L3 bears. It's a good setup, as far as I can see. Now we need see how the intraday low is tested.

[freshman]

Hi Cobra, thanks for the forum. do you mind to let me know which web hosting service you are using for this board? I did not find a way to send you a private message. Sorry for posting this request to the whole thread. thanks again.

[Cobra]

Hi Cobra, thanks for the forum. do you mind to let me know which web hosting service you are using for this board? I did not find a way to send you a private message. Sorry for posting this request to the whole thread. thanks again.

Formerly theplanet.com. It's a dedicated server as I have a few web sites some are not that small so a dedicated server is a must.

[Cobra]

OK, anyone wants to bet a 2nd leg down for this small swing? Just wondering. The bigger picture as I said before: this doesn't look like a bear attack.

[Nosorog]

ewt is always right...if it goes UP or down

[freshman]

Hi Cobra, thanks for the forum. do you mind to let me know which web hosting service you are using for this board? I did not find a way to send you a private message. Sorry for posting this request to the whole thread. thanks again.

Formerly theplanet.com. It's a dedicated server as I have a few web sites some are not that small so a dedicated server is a must.

Thank you for your quick response. The speed is good that is why I was wondering. thanks again. appreciate it.

[Cobra]

OK, chances are shorting the 2nd leg down is more likely a failure. Now the question is how far this rebound could go? Strong rebound from here then the day's low could be in.

[PLMT]

“Strong rebound from here then the day's low could be in.” I hope so。

[Cobra]

The rebound is not powerful, be careful of possible breakdown the trendline the back test the previous high before rolling over again. If so, this still is a range day, nothing interesting...

[alf]

I think it is a range day. But 5 days gap down in a row should be something.

[Cobra]

Testing range high. Bulls, cross finger...

[99er]

Crude
Whee!
http://99ercharts.blogspot.com/2011/02/crude_15.html

[Cobra]

I think it is a range day. But 5 days gap down in a row should be something.

No big down today then bulls may attack at least tomorrow morning. 5 cosecutive gap down days as bear are rare as bulls 5 consecutive gap up days. I won't expect the 6th gap down day tomorrow. If, however, indeed a 6th gap down day, then bulls won't be as lucky as today as today's gap fill is already much much harder than the previous 4 down gaps.

[wxtrader001]

Cobra,will you bet the up gap tomorrow and then buy at today' close?

[jungle]

ewt is always right...if it goes UP or down

looks like the up case........

[alf]

I think it is a range day. But 5 days gap down in a row should be something.

No big down today then bulls may attack at least tomorrow morning. 5 cosecutive gap down days as bear are rare as bulls 5 consecutive gap up days. I won't expect the 6th gap down day tomorrow. If, however, indeed a 6th gap down day, then bulls won't be as lucky as today as today's gap fill is already much much harder than the previous 4 down gaps.

This is exact what I worried about. Let's wait and see how it works out.