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08/26/2011 Intraday Watering

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Cobra
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08/26/2011 Intraday Watering

Post by Cobra »

Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.
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seekingknowledge
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Re: 08/26/2011 Intraday Watering

Post by seekingknowledge »

Cobra wrote:Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.
Cobra, For learning purposes on my part, why do you not think the gap will be filled today -- at least back to neckline of H&S?
cougar
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Re: 08/26/2011 Intraday Watering

Post by cougar »

GM, Cobra!
SPX scenario. Next stop = 1128:
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cougar
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Re: 08/26/2011 Intraday Watering

Post by cougar »

An increasing weakness was reflected in the intra-day signals for IWM.
...in spite of a continuous "divine intervention"...
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cougar
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Re: 08/26/2011 Intraday Watering

Post by cougar »

$NDX and its "internal problems" - update, at close
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simpletrader
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Re: 08/26/2011 Intraday Watering

Post by simpletrader »

depending on how the market open, with Ben's talk, hopefully will open above the neckline.
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Re: 08/26/2011 Intraday Watering

Post by 99er »

Good Morning.

[Couldn't resist.]

So honey...still thinking about Europe?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_26.html

Well...
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Re: 08/26/2011 Intraday Watering

Post by 99er »

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Re: 08/26/2011 Intraday Watering

Post by 99er »

Uh oh...Japanese tourists?
ES http://99ercharts.blogspot.com/2011/08/es_26.html

Let's surf the East Coast.
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pezhead9000
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Re: 08/26/2011 Intraday Watering

Post by pezhead9000 »

cougar - great charts!
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KENA
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Re: 08/26/2011 Intraday Watering

Post by KENA »

The mkt could not hold below the 1157 level yesterday.Maybe today we gap below the 1152 which is the 200wma.If we can stay below this the mkt may be bearish all day...I like Cougar's 1128 target.Wait and see.
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

seekingknowledge wrote:
Cobra wrote:Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.
Cobra, For learning purposes on my part, why do you not think the gap will be filled today -- at least back to neckline of H&S?
I've given the reason: large gap below yesterday's range, so chances are little bit higher that the gap won't be filled. Check "Getting Start", there's a post about 3 type of morning gaps. All based on that.

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cougar
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Re: 08/26/2011 Intraday Watering

Post by cougar »

Thanx "pez".
seekingknowledge
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Re: 08/26/2011 Intraday Watering

Post by seekingknowledge »

Cobra wrote:
seekingknowledge wrote:
Cobra wrote:Gap down open, below yesterday's range, so chances are the gap won't be filled. Global ES certainly looks like a breakdown from a consolidation area which looks pretty bad, the 100% Measured Move target is around 1130 ES.
Cobra, For learning purposes on my part, why do you not think the gap will be filled today -- at least back to neckline of H&S?
I've given the reason: large gap below yesterday's range, so chances are little bit higher that the gap won't be filled. Check "Getting Start", there's a post about 3 type of morning gaps. All based on that.
Thanks. I'll check the "Getting Started".
alvian33
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Re: 08/26/2011 Intraday Watering

Post by alvian33 »

what time is the announcement?
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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

alvian33 wrote:what time is the announcement?
10am

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Cobra
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Re: 08/26/2011 Intraday Watering

Post by Cobra »

the open.
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jarbo456
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Re: 08/26/2011 Intraday Watering

Post by jarbo456 »

pushing back into yesterdays range? -_-
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Re: 08/26/2011 Intraday Watering

Post by 99er »

East Coast?
SPX http://99ercharts.blogspot.com/2011/08/spx_26.html

Yeah. Heard there will be swells on Wall Street.
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Re: 08/26/2011 Intraday Watering

Post by silkway »

Economy grew at slower 1 pct. rate this spring
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