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Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 11:56 am
by uempel
Cobra wrote:well, looks like no need to argue whether the H&S top is for real anymore, guess the 55% * text book target is almost reached today so it counts as a successful pattern.
Yeah, you were right about that. I had completely lost faith in SPX's H&S patterns.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 11:56 am
by shumushu
My god, 39:1 and 34.72:1 , feels liek 2008
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 11:57 am
by agnosia
ok guys we almost reached the bottom of the wedge on the /es.. one more push down? wedge ends at 1210.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 11:58 am
by KENA
I'm out,going to watch.We broke 11600 and thats not good..Util broke 419 thats not good.I think we are heading lower vix spiked up.lets see.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:01 pm
by Dow Trader
The big picture with basics
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:06 pm
by KENA
The mkt broke the 38.2 fib.now wait and see.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:07 pm
by 99er
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:08 pm
by Cobra
small trend line here. info only.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:11 pm
by shumushu
I moved my stop to 1217.75
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:17 pm
by agnosia
wow. second crash for silver this year ! war gap on crude at 87.35 down to 85.95.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:19 pm
by agnosia
Cobra wrote:small trend line here. info only.
cobra, one more push down you think?
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:23 pm
by Cobra
agnosia wrote:Cobra wrote:small trend line here. info only.
cobra, one more push down you think?
normally yes.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:26 pm
by Mr. T
Cramer said last night: "The market rallied on oil going down below $93 - once it's below $90, we're going to rally!!!!"
Hate that POS Cramer.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:26 pm
by Petsamo
I was able to scalp short, but I covered too quickly!
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:31 pm
by 99er
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:34 pm
by davros
agnosia wrote:wow. second crash for silver this year ! war gap on crude at 87.35 down to 85.95.
still holding the trendline, just
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:36 pm
by shumushu
sold 1226.25
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:36 pm
by Cobra
very powerful rebound, but so far still looks like a bear flag. let's wait and see, I won't put too much faith on either bears or bulls.
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:37 pm
by cc2265
Cobra wrote:small trend line here. info only.
It seems more down days ahead, right?
Re: 08/04/2011 Intraday Watering
Posted: Thu Aug 04, 2011 12:43 pm
by uempel
In this very long term chart the dotted blue trendline is showing support: