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02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:06 am
by Cobra
Gap up above Friday's range, so chances are good that the gap won't get filled. The global ES has almost reached the Double Bottom target, but if this is a measured move (since a Triangle continuation pattern has formed), then it could go very very high. Anyway, as mentioned in the weekend report, if another 1%+ rise today, then probably we'll see a new high tomorrow and a lot of push up thereafter, so kind of critical day for bears.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:08 am
by wave
Thanks! New week beginning...
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:10 am
by chickencoop
Good morning and happy trading!
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:11 am
by wxtrader001
Thanks, good morning Cobra!
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:12 am
by Forevergreen
Good Morning
Re:02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:13 am
by nelsonbelchior
Hi Cobra, good morning and in my case, from portugal, good afternoon.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:14 am
by BullBear52x
good morning,
Lets roll the dice.....either direction I got both hats on today. VIX closed Friday favored Bear according to my short time frame, but the power that be decides what's on the plate today
Re02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:15 am
by nelsonbelchior
Cobra dont you think that there will be a pullback to the support and then a push up?
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:18 am
by markyuan81
GOOD MORNING!
Re: Re02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:18 am
by Cobra
nelsonbelchior wrote:Cobra dont you think that there will be a pullback to the support and then a push up?
anything is possible, let's wait.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:24 am
by BullBear52x
side note: Put INTC on your screen, this baby gonna rock, down? likely.
Re: Re02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:26 am
by nelsonbelchior
Cobra wrote:nelsonbelchior wrote:Cobra dont you think that there will be a pullback to the support and then a push up?
anything is possible, let's wait.
Ok let´s wait.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:26 am
by KENA
New Week.... Stocktiming.com says Vix to move down...Liquidity is up...Institutions in low accumulation...Spy in caution condition. I took a small long position on Fri. close. Lets see.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:28 am
by seafood
so may not have a 2nd leg down if rise 1%+ today?
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:32 am
by Cobra
Opening, right at resistance.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:32 am
by 99er
Morning!
ES target still at 1274 based on an experimental Wolfe Wave.
http://99ercharts.blogspot.com/2011/02/es_28.html
Good luck.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:32 am
by Cobra
seafood wrote:so may not have a 2nd leg down if rise 1%+ today?
Up 1%+, bears are almost dead.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:35 am
by 99er
EURUSD
Appears to have topped earlier today.
http://99ercharts.blogspot.com/2011/02/eurusd_28.html
Bearish for equities.
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:40 am
by q2model
Cobra wrote:seafood wrote:so may not have a 2nd leg down if rise 1%+ today?
Up 1%+, bears are almost dead.
What is the reasoning?
Re: 02/28/2011 Intraday Watering
Posted: Mon Feb 28, 2011 10:42 am
by 99er
AUDUSD
This currency pair, as a proxy for equities, appears to have topped as well. There is a bearish Gartley Pattern (in gold) and a possible Wolfe Wave targeting lower prices.
http://99ercharts.blogspot.com/2011/02/audusd_28.html