11/28/2011 Intraday Watering

[ActiveTrader]

" new daily highs " you mean above 1370 ? I don't think we it will go there in 10 days ( but anything can happen specially with Euro news these days ) because the amount of resistance areas in the way up are a lote and clear.

1220 to 1245 should hard to clear if this is a real down trend on the daily chart. We shall see if the bears put up a fight or they choke on the "bad" news like usual.

[ricky]

Fitch Affirms United States at 'AAA'; Outlook Revised to Negative

[soku]

ES Globex:

We have a possible completed DZZ

But the pullback is shalllow as it has not even reached the 0.382 retr.

If a low is in place ES Globex should not overlap below 1187

An overlap will mean that today´s lod is the wave (A) of the pull back

If the bottom is in place the extension targets for the assumed wave (C) up:

- 0.618 = 1213
- 1.618 = 1231

i like both numbers. spx has a gap around 1215 which shd be the min target for the reb. i love 1230 es, but i will trade what i see not what i believe

[TWT]

EUR

We have a potential small ED that should have completed an ABC off the lod

Here we are at the 0.618 retr. hence the bottom of a wave (B) or (X) is very likely

If the overall structure off Friday´s lod is an ABC then in addition to the Inv. H&S target at 1.3590 we have the following extension targets:

- 0.618 = 1.3481
-1.618 = 1.3598

[BullBear52x]

Thanks Cobra and everyone,

TA. Shorts squeeze is in the making, how I know? when most people realized it tomorrow. I joke I joke have a good one.

yoyo bb. u think u can draw rainbow? check this one.
http://3.bp.blogspot.com/-JOFdsxQSePc/T ... 2211ES.PNG

soku, This is awesome chart.