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04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:04 am
by Cobra
Gap down open, below yesterday's range, so chances are good that the gap won't be filled. Especially the Global ES, such a consolidation usually means a breakdown is more likely.
Institutional actions from stocktiming.
- 2.png (31.13 KiB) Viewed 18946 times
- 3.png (27.58 KiB) Viewed 18946 times
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:15 am
by wxtrader001
Good morning ,Cobra!
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:23 am
by wxstone
GM:)
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:24 am
by 99er
Morning.
/ES update:
http://99ercharts.blogspot.com/2011/04/es_12.html
Expecting a bounce around 1300 to form a right shoulder.
Good luck.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:24 am
by cletus
Next support is around 1315
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:29 am
by 99er
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:31 am
by BullBear52x
GM,
Island reversal.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:31 am
by Cobra
The open.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:33 am
by 99er
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:33 am
by Cobra
well, I hope this is not an island reversal.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:39 am
by 99er
Cobra: "well, I hope this is not an island reversal."
Sure looks like one!
Aloha.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:40 am
by cletus
Will need to see today's lows broken to add to short positions. I have some long term puts doing well and a small short ETF position, but I will open bigger positions on a break of today's low.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:42 am
by nikman
Cobra wrote:well, I hope this is not an island reversal.
Cobra,
What is an island reversal? Thanks.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:43 am
by BullBear52x
Too many poeple still thinking BUY the DIP so....this correction will not stop here, we will see Lower Low.
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:47 am
by Cobra
nikman wrote:Cobra wrote:well, I hope this is not an island reversal.
Cobra,
What is an island reversal? Thanks.
http://thepatternsite.com/islandrev.html
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:52 am
by cletus
Added FAZ and DRV at 1318
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:52 am
by Tabby
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:53 am
by BullBear52x
This is not just small Island reversal this is also know as cluster the most reliable one.
http://www.incrediblecharts.com/technic ... versal.php
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 9:56 am
by cletus
A failure at 1315 will bring 1305
Re: 04/12/2011 Intraday Watering
Posted: Tue Apr 12, 2011 10:00 am
by cletus
Locking in gains on FAZ/DRV and letting it ride, hopefully to cover at 1305.