08/04/2011 Intraday Watering

[Dow Trader]

The big picture with basics

I like your chart, Dow Trader. You should do one for copper. I'm showing copper sitting on a support line right now.

sorry, I was away from the PC, but it is good to hear that, regarding copper I don't trade it so i don't its chart , I only trade EUR, Dow, and Oil

[shumushu]

Box analysis

[STC]

Cobra, do you have any stats or idea of how long it'll take for the H&S pattern to reach the target?

[Cobra]

new fighting range, let's see which direction broken first.

[Me XMan]

Black Friday tomorrow after jobs report?
BLS better lie good tomorrow.

[shumushu]

Looks like I am completely wrong

[Me XMan]

There's something really wrong that hasn't come out to the light yet.

Looks like I am completely wrong

[Michelle]

Look at how far the $VIX is outside of it's Bollinger Band.

[Cobra]

well, here comes the 3rd leg down. too bad.

[yellowreign]

$MMTW is now below 9.

[Cobra]

tinted area as the text book target of the small double top. a small lower low or no lower low is OK for bulls. need pray of course...

[agnosia]

downward rsi momentum on 15min is showing positive divergence. if we get a lower low here i am looking at 1206 /es.. i will buy more.

[agnosia]

well, here comes the 3rd leg down. too bad.

no worries, they are getting weaker and weaker

[Cobra]

Box analysis

hmm, you learnt well. can I say that?

[Cobra]

well, here comes the 3rd leg down. too bad.

no worries, they are getting weaker and weaker

yeah, that's the key of the 3 push down. it doesn't have to be 3 push, 4 or 5 or 10 are ok as long as there're clear trend of weaker and weaker.

[shumushu]

I learned well, didn't apply well haha. =)

[Me XMan]

Damn! Are they gonna push below 1200?

[Cobra]

the 3rd push down made a lower low and looking strong, not a good sign.

[agnosia]

not taking any chances, they called my bluff... 1206 was my last level. i am out.

[seeyou]

panic collapse..bybye bull market