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Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:55 am
by wishful
so today is trend day? flatting then selloff in the afternoon?
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:55 am
by soku
gold at record high at 1795.
still sitting on hand and watering. market so boring. i will take the rest of the day off.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:56 am
by BullBear52x
in the past a trend day is when spx had 5 points move in one direction, these days 30 points y yike!
Try again here, this time will be the charm?
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:57 am
by silicon_beaver
Cobra wrote:no good, the 3rd test has higher chances to breakdown. The pattern, overall, looks like a Descending Triangle.
breaking up instead of breaking down?
meanwhile sliver EXK, AG... up 5%.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:58 am
by Cobra
interesting, no breakdown, instead of a breakout, let's wait for a few bars next, if the breakout confirmed, then the text book target is the tinted area.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:59 am
by RedCedar
Congratulation Cobra !!!!
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:00 pm
by Cobra
Dow Trader wrote:For ES traders ( big move is comming )
hmm, this chart shows a up move is more likely, interesting.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:01 pm
by Dow Trader
Yesturday's chart and today
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:02 pm
by newbie_77
thank you
Coiled Spring
Posted: Wed Aug 10, 2011 12:03 pm
by Out of Bounds
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:08 pm
by Cobra
good maintain target. I even think the yesterday's high will be revisited, I'll show you why in the next chart (just a slightly better chances).
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:10 pm
by uempel
Is this something? That's it for today, the sun is shining and I'm going for a jog.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:10 pm
by 99er
Vroom vroom.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:11 pm
by Cobra
ok, here's another way to read the chart:
since yesterday's push up was strong, so rarely, it's just one legged.
so we can see the morning pullback as a bull flag
and the breakout now a breakout the bull flag and start another leg up.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:11 pm
by uempel
Cobra wrote:good maintain target. I even think the yesterday's high will be revisited, I'll show you why in the next chart (just a slightly better chances).
Funny, I had similar ideas...
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:16 pm
by Dow Trader
ES futures rarly have unfilled up gap but as Cobra always says " there is always exception "
this is daily chart for ES showing gap unfilled near today's high.
the 15 minutes Dow chart I post it here 20 minutes ago shows 1 leg up, if this up leg have another one, then this gap will be filled easly
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:21 pm
by Dow Trader
Here is what I ment by one leg up
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:23 pm
by quientuves
That's not a leg, it's a skyscraper...
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:24 pm
by Dow Trader
If the yesturday up leg have another one, then I expect it to be stair steps to the up side ( not sharp and strong move ) to kill vix slowly
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 12:25 pm
by Cobra
Dow Trader wrote:Here is what I ment by one leg up
agree.
now, you, me, uempel, all agree on the same thing, let's see if we're powerful enough to guess it right.
