Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:31 pm
Hi Cobra, IWM couldn't fill the gap between 7/6 and 7/7, you think it is weak? thanks
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07/25/2011 Intraday Watering
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Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:37 pm
I see small double bottom, so hopefully the rebound could last until the market close.
Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:38 pm
yes, it's weak. if you remember my 7 days rule, today's market is not good for bulls.lilitulip wrote:Hi Cobra, IWM couldn't fill the gap between 7/6 and 7/7, you think it is weak? thanks
Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:40 pm
text book target if indeed breakout.
Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:47 pm
failed double bottom is very bad, now it could be measured move.
Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:49 pm
here's what I mean: Measured Move, if confirmed breakdown.
Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:57 pm
Could be a bear trap...a gap open will leave an island reversal pattern. Will be an interesting open tomorrow...
Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 3:57 pm
no breakdown confirmation, guess we'll have to wait until tomorrow. thank you guys, I'll see you tomorrow. Today, by the way, is the driest day ever for the daily watering thread. 
Re: 07/25/2011 Intraday Watering
Posted: Mon Jul 25, 2011 4:03 pm
Lots of looy-loos tho! Thanks as always Cobra and the gangCobra wrote:no breakdown confirmation, guess we'll have to wait until tomorrow. thank you guys, I'll see you tomorrow. Today, by the way, is the driest day ever for the daily watering thread.