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01/17/2012 Intraday Watering

01/17/2012 Intraday Watering

Postby Cobra » Tue Jan 17, 2012 10:01 am

Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should not be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png

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Re: 01/17/2012 Intraday Watering

Postby 99er » Tue Jan 17, 2012 10:08 am

Good Morning.

So honey...what's the news?

http://www.99ercharts.com/archives/49

Not sure...still reading the cartoons.
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Re: 01/17/2012 Intraday Watering

Postby 99er » Tue Jan 17, 2012 10:09 am

So what's for breakfast?

ES http://www.99ercharts.com/archives/56

Hot MACD Cross buns?
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Re: 01/17/2012 Intraday Watering

Postby 99er » Tue Jan 17, 2012 10:12 am

Honey?

NQ http://www.99ercharts.com/archives/54

Could you serve them with Butter-flies?

[Too corny I know. GLTA.]
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Re: 01/17/2012 Intraday Watering

Postby cougar » Tue Jan 17, 2012 10:13 am

Good morning, Cobra!
UPRO: not again!
To convince me, it got to close above the morning high (#6)!
Can it do that? Probably not!
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Re: 01/17/2012 Intraday Watering

Postby xiaohehua » Tue Jan 17, 2012 10:15 am

Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png



"Normally such a huge gap should be filled. Let's see." Should or Should Not be filled? Remember you usually say gap may not be filled after huge gap up. just curious..What makes the difference this time?
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Re: 01/17/2012 Intraday Watering

Postby KeiZai » Tue Jan 17, 2012 10:18 am

Good morning folks!!

Okey, now I know again that fighting with the invisible hand is not a good thing :lol: ...but...I am very patient person and the old phrase says: the one who laughs last laughs best :D
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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Re: 01/17/2012 Intraday Watering

Postby noob » Tue Jan 17, 2012 10:19 am

Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png


Morning Cobra, I thought you will only add to bull position if it opens high and goes higher? Might open high and go lower? Never know with this market.
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Re: 01/17/2012 Intraday Watering

Postby cougar » Tue Jan 17, 2012 10:20 am

The Chinese New Year trade goes on! Staying long with FXI Feb 37 C, as previously discussed .
It appears that the Water Dragon was injected with some 100B Yuan…which he enjoyed a lot!
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Re: 01/17/2012 Intraday Watering

Postby q2model » Tue Jan 17, 2012 10:21 am

Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png



So you will long at open?
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Re: 01/17/2012 Intraday Watering

Postby Cobra » Tue Jan 17, 2012 10:23 am

q2model wrote:
Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png



So you will long at open?


will see after 10am ET.

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Re: 01/17/2012 Intraday Watering

Postby KeiZai » Tue Jan 17, 2012 10:27 am

I am expecting correction to 1290
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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Re: 01/17/2012 Intraday Watering

Postby waverider » Tue Jan 17, 2012 10:29 am

Good morning all, thanks for the updates. Apparently SPY has only opened >+0.5% only twice after MLK day. It didn't gain >0.3% for the week either time ha!
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Re: 01/17/2012 Intraday Watering

Postby Cobra » Tue Jan 17, 2012 10:30 am

the open.
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Re: 01/17/2012 Intraday Watering

Postby KeiZai » Tue Jan 17, 2012 10:31 am

KeiZai wrote:I am expecting correction to 1290



Sentiment trader: "Only twice before has $SPY opened >+0.5% after MLK day (1999 and 2002). Didn't gain >0.3% rest of week either time"
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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Re: 01/17/2012 Intraday Watering

Postby 99er » Tue Jan 17, 2012 10:33 am

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Re: 01/17/2012 Intraday Watering

Postby 99er » Tue Jan 17, 2012 10:35 am

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Re: 01/17/2012 Intraday Watering

Postby 99er » Tue Jan 17, 2012 10:36 am

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Re: 01/17/2012 Intraday Watering

Postby toplight » Tue Jan 17, 2012 10:37 am

Cobra wrote:Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see.

The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in strength so at least we should see another up with a little weaker strength before a meaningful pullback is possible, so yes, you know what I'm trying to see, the push up should at least 2 legged.

1.png


You mean "Normally such a huge gap should be filled. " or should NOT be filled?
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Re: 01/17/2012 Intraday Watering

Postby waverider » Tue Jan 17, 2012 10:40 am

Nice KeiZai, sometimes they give interesting freebies. 99, your crude update was also /HG, love the charts though!
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