03/26/2012 Intraday Watering

[Cobra]

on the way to the target.

[Cobra]

breakout not confirmed yet, but no harm to know the target. again, cannot believe a huge gap up day this boring that we have to use 1 min chart!

Cobra, thanks. Are we still in first leg up or does the bull flag overnight on ES count as the down leg? Thx.

I have to see. Normally, should be another leg up.

[Cobra]

OR high as support.

[TraderGirl]

Backtesting channel breakout??

[Cobra]

Hi, Master Cobra, it is weird ISE shows ISEE (All equities Only) is 562 !
Data error ? Thanks.

Yes, I believe it's a data error. this is all time record high.

[jimme]

/DX is close to becoming bearish. If it prints a 79.09, it will confirm a 2 push up. I am still short and feel that I will be profitable soon. GLTA jimme

[TraderGirl]

what is interesting is UUP (Dollar etf), nearing a potential support point, the last time it bounced off this channel, the market pulled back...

[uempel]

Update:

[CH37]

Hi, Master Cobra, it is weird ISE shows ISEE (All equities Only) is 562 !
Data error ? Thanks.

Yes, I believe it's a data error. this is all time record high.

thanks.
Otherwise, if it were true, then SPY will rocket up to the Galaxy...

[noob]

breakout not confirmed yet, but no harm to know the target. again, cannot believe a huge gap up day this boring that we have to use 1 min chart!

Cobra, thanks. Are we still in first leg up or does the bull flag overnight on ES count as the down leg? Thx.

I have to see. Normally, should be another leg up.

Thanks, but down leg first right?

[TraderGirl]

Bounce...for now...

[Cobra]

hold here above the OR high would be good news for bulls.

[Cobra]

breakout not confirmed yet, but no harm to know the target. again, cannot believe a huge gap up day this boring that we have to use 1 min chart!

Cobra, thanks. Are we still in first leg up or does the bull flag overnight on ES count as the down leg? Thx.

I have to see. Normally, should be another leg up.

Thanks, but down leg first right?

Yes, we shall see down leg either today or tomorrow. I don't expect the market to be up and up and up, now it's under control of the gravity, unless of course we're not on Earth anymore.

[Cobra]

not a good looking chart but let's wait for the breakout first. could be either direction.

[TraderGirl]

If this is abc up, then we are headed down from here, a break of channel support would help that cause. If we have only finished wave 3 then we could have at least one more leg up. But looking at 5 min true strength is still pointed down and broke support, needs to turn up and bounce before zero line....

[Cobra]

nothing new, let's wait for the breakout. lunch time, will be back.

[TWT]

EURUSD: Maybe if it is unfolding a Triangle another SPX breakout will be delayed
But this would mean another large up leg once the wave (E) is in place ???

[TraderGirl]

EURUSD: Maybe if it is unfolding a Triangle another SPX breakout will be delayed
But this would mean another large up leg once the wave (E) is in place ???

That is the exact count I was looking at last night...

[TWT]

EURUSD: Maybe if it is unfolding a Triangle another SPX breakout will be delayed
But this would mean another large up leg once the wave (E) is in place ???

That is the exact count I was looking at last night...

Given that everything is correcive it could pan out

[TWT]

ES Gobex: It coould be tracing the same wave (B) option idea like the DAX