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02/17/2011 Intraday Watering

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Cobra
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02/17/2011 Intraday Watering

Post by Cobra »

Gap down but within yesterday's range, so the gap may get filled and most likely a range day. Just a reminder, tomorrow suppose to be bearish as according to Stock Trader's Almanac, day before Presidents Day weekend, SPX down 16 of last 19 and February Expiration Day, Dow down 7 of last 11.

Hmm, off the record, maybe, we shouldn't expect a sharp intraday reversal up like what happened the last 5 consecutive gap down!? :twisted:
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jwishbone
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Re: 02/17/2011 Intraday Watering

Post by jwishbone »

Good Morning!
wave
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Re: 02/17/2011 Intraday Watering

Post by wave »

Morning.
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99er
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Re: 02/17/2011 Intraday Watering

Post by 99er »

Good Morning!
Various futures appear to have exhibited topping patterns overnight and Dow futures have a possible Wolfe Wave target of 12081.
ES http://99ercharts.blogspot.com/2011/02/es_17.html
NQ http://99ercharts.blogspot.com/2011/02/nq_17.html
TF http://99ercharts.blogspot.com/2011/02/tf_17.html
YM http://99ercharts.blogspot.com/2011/02/ym_16.html
Good luck, folks!
slcgh
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Re: 02/17/2011 Intraday Watering

Post by slcgh »

Good Morning! folks!
PLMT
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Re: 02/17/2011 Intraday Watering

Post by PLMT »

GOOD MORNING!
ricky
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Re: 02/17/2011 Intraday Watering

Post by ricky »

Good morning! Good trades!
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Cobra
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Re: 02/17/2011 Intraday Watering

Post by Cobra »

Opening, initial support/resistance etc etc.
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Forevergreen
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Re: 02/17/2011 Intraday Watering

Post by Forevergreen »

Morning
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Cobra
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Re: 02/17/2011 Intraday Watering

Post by Cobra »

Just remember this chart, ES is pretty much above an important support.
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cletus
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Re: 02/17/2011 Intraday Watering

Post by cletus »

What is going on with the VIX? LOL!!!
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Cobra
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Re: 02/17/2011 Intraday Watering

Post by Cobra »

cletus wrote:What is going on with the VIX? LOL!!!
Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.

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EvilTrader
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Re: 02/17/2011 Intraday Watering

Post by EvilTrader »

VIX taking off ?

Maybe a fluke due to OE.
huiwangren
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Re: 02/17/2011 Intraday Watering

Post by huiwangren »

Good Morning!
simpletrader
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Re: 02/17/2011 Intraday Watering

Post by simpletrader »

Cobra wrote:
cletus wrote:What is going on with the VIX? LOL!!!
Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.
patiently wait for its coming
uempel
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Re: 02/17/2011 Intraday Watering

Post by uempel »

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Cobra
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Re: 02/17/2011 Intraday Watering

Post by Cobra »

Anyone know why CL april contract rose huge while CL March contract doesn't move at all?

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simpletrader
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Re: 02/17/2011 Intraday Watering

Post by simpletrader »

Cobra wrote:Anyone know why CL april contract rose huge while CL March contract doesn't move at all?
just feb contract is about to expired in 5 days. march is 88, april is 90.6 at this moment.
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99er
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Re: 02/17/2011 Intraday Watering

Post by 99er »

uempel-- Your chart yesterday was great! Thank you for posting it.
http://www.cobrasmarketview.com/downloa ... &mode=view
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ContangoKid
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Re: 02/17/2011 Intraday Watering

Post by ContangoKid »

Cobra - Given your recent comments, have you spent any time looking into the mechanics of your ST Model and identified how it can be improved?
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