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06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:04 am
by Cobra
Gap up open, within yesterday's range, so chances are high that the gap will be filled and the day could be a range day. My feeling is the Global ES looks like more on the upside...
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:12 am
by chickencoop
morning, everyone!
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:18 am
by silverharp
DX either has a double bottom or a bit more down on an activated bear flag (intraday) will be interesting to see how it affects equities
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:19 am
by 99er
Good Morning.
Okay...China now says it's alright for the US to have a lower Dollar...
http://99ercharts.blogspot.com/2011/06/eurusd_4333.html
And one reads Chinese from right to left.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:21 am
by 99er
ES
Okay...is China now saying that equities should go up?
http://99ercharts.blogspot.com/2011/06/es_7562.html
One does read Chinese from top to bottom too.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:27 am
by gabor
Cobra, do you see the potential expanding triangle pattern in the daily sp500 chart? This could be a continuation pattern for the uptrend.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:28 am
by cougar
Good morning!
Have a good and profitable "Bernank Day"!!!
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:31 am
by Cobra
the open. remember the Phantom bar I pointed out yesterday? Yeah, we're there now.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:35 am
by Cobra
gabor wrote:Cobra, do you see the potential expanding triangle pattern in the daily sp500 chart? This could be a continuation pattern for the uptrend.
I don't see.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:44 am
by HK88
Bernanke speech today @3.45 pm ET, info only for those interested
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:45 am
by agnosia
Cobra wrote:the open. remember the Phantom bar I pointed out yesterday? Yeah, we're there now.
nice one cobra. we didn't get that phantom on the /es futures.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:47 am
by cletus
a
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:47 am
by Cobra
HK88 wrote:Bernanke speech today @3.45 pm ET, info only for those interested
what can he say other than printing more money? Look at US$ now, drop like a stone.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:47 am
by Cobra
cletus wrote:Cobra wrote:the open. remember the Phantom bar I pointed out yesterday? Yeah, we're there now.
I believe you have misinterpreted it.
I know you consider it as resistance which I agree.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:49 am
by gabor
Cobra wrote:gabor wrote:Cobra, do you see the potential expanding triangle pattern in the daily sp500 chart? This could be a continuation pattern for the uptrend.
I don't see.
It is here. I do not know how often it is, but Elliott has it in his book.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:50 am
by soku
cobra, u in a hurry or some kind?
today's opening post is really really brief. i didn't see u comment on major distribution yet.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:50 am
by cletus
IYR volume based trading model
when price trades above/below blue line and volume > 2 M, mark as buyer/seller based on whether it's under/over
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 9:59 am
by 99er
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 10:04 am
by Cobra
wild guess, no evidence: more up.
Re: 06/07/2011 Intraday Watering
Posted: Tue Jun 07, 2011 10:04 am
by cletus
Today's cycle high is 10:30 EST and the cycle low is expected at 13:15 EST. These cycles have been working. Let's see where the market is at 10:30 EST.
Theoretically, could be a burst to the upside into 10:30, followed by a gap fill and a new low by later today to get pos divergence, and a rally into the close. But, the top cycle at 10:30 could be blown through if it's a trend day.