07/26/2011 Intraday Watering

[Cobra]

good, the market chose to go up just as I thought (higher low), the next point to watch is Fib 50 dashed line, whether this is a double top.

[Cobra]

critical time as I said. My guess is it should breakout.

[BullBear52x]

Bulls need to work hard here, MA band is now under 5dma. not bullish in my book.

[EvilTrader]

I will not short a market with this table as it is with only 4 hours to go .. but thats just me

yeah, I saw AUD very strong, hard to image the market tanks here with so much liquidity flowing around...

Copra,
more charts, check the Dow 1 min and Russel2000 15 minutes

its coBra not coPra

[agnosia]

99.87 gap taken out.. next gap is 100.74 ... lets see if the market cares about 100 oil because it is here to stay now with our shitty dollar. i will buy any pullback near 100.

damn i was asleep at the wheel today.. like a deer in headlights

[BullBear52x]

131.65 that's the number floating in my rusty crystal ball.

[BullBear52x]

here is my line in the sand, orange zone is do or die for bulls. break time.

[Cobra]

multiple support here.

[cougar]

SPX weekly:

“Lemon trees are very pretty…”
…and:
“Rounded Tops are very tricky…”
Can you name that tune?

Remember the rounded transition top of 2007/2008 ?

[Cobra]

hmm, not good, the rebound is not as strong as I thought it would be, but as long as the green line holds, still there's a hope.

[Dow Trader]

I will not short a market with this table as it is with only 4 hours to go .. but thats just me

yeah, I saw AUD very strong, hard to image the market tanks here with so much liquidity flowing around...

Copra,
more charts, check the Dow 1 min and Russel2000 15 minutes

its coBra not coPra

sorry, you are correct ... excecuse my weak english

[agnosia]

hmm, not good, the rebound is not as strong as I thought it would be, but as long as the green line holds, still there's a hope.

cobra your green line is just marking the higher low correct?

[Cobra]

since the 2nd leg wasn't strong enough, so now the big picture isn't clear anymore if not little bearish biased. let's wait and see.

[Cobra]

hmm, not good, the rebound is not as strong as I thought it would be, but as long as the green line holds, still there's a hope.

cobra your green line is just marking the higher low correct?

no, it's already higher low as it's clearly 2 legged up. the green line is the neckline for a potential double top. rebound failed at double top would be very bad.

[thebhbgroup]

Thanks for the great posts Cobra and all of the team here....glad to join your community of traders.

[agnosia]

no, it's already higher low as it's clearly 2 legged up. the green line is the neckline for a potential double top. rebound failed at double top would be very bad.

gotcha thanks.

[StrikePrice]

Damn. Tough day to trade. Squeezed out a $40 Scalp. I'm quitting. I think one more lower low in the 1319-1326 range today or tomorrow but simply don't feel like shorting again with this action.

[cougar]

no, it's already higher low as it's clearly 2 legged up. the green line is the neckline for a potential double top. rebound failed at double top would be very bad.

gotcha thanks.

Do you guys see an intraday Triangle? with a drop from it NOW?

[99er]

SPX
From one rhomboid to another...
http://99ercharts.blogspot.com/2011/07/spx_8025.html

[Dow Trader]

Now for EUR update ... ( Remember my Wed Jul, 20 EUR chart ? check it with today's chart )