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04/19/2011 Intraday Watering

lqiantobe
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Re: 04/19/2011 Intraday Watering

Post by lqiantobe »

any comments for this breakout? Corba
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Cobra
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Re: 04/19/2011 Intraday Watering

Post by Cobra »

lqiantobe wrote:any comments for this breakout? Corba
weak

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lqiantobe
Posts: 125
Joined: Tue Mar 01, 2011 12:53 pm

Re: 04/19/2011 Intraday Watering

Post by lqiantobe »

which means it turn to down side sooner?
StrikePrice
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Joined: Wed Mar 30, 2011 1:27 pm

Re: 04/19/2011 Intraday Watering

Post by StrikePrice »

Cobra wrote:
lqiantobe wrote:any comments for this breakout? Corba
weak
Draw a line from the 3/16 low to the 4/14 low and extend it. Wait for your breakout on that...if it happens. But I think FAIL!
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/19/2011 Intraday Watering

Post by cletus »

All pullbacks are planned events in the US stock market. Believe me. It is an issue of "national security"...and profit.
Last edited by cletus on Tue Apr 19, 2011 3:32 pm, edited 1 time in total.
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 04/19/2011 Intraday Watering

Post by agnosia »

now i see bulls panicking. lowered their ask to 1307.75.... now 1307.50... tons of supply above. i would very surprised if we get through here. on the other side we have tons of bids at 1306.
chickencoop
Posts: 150
Joined: Mon Feb 14, 2011 11:45 am

Re: 04/19/2011 Intraday Watering

Post by chickencoop »

agnosia wrote:none of the big boys seem to be around.. they can't break through 3K contracts @ 1308. i imagine the bulls will show some weakness here to give the bears hope and then make them all cover... ???
it's a holiday after all.
cletus
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Re: 04/19/2011 Intraday Watering

Post by cletus »

It looks like GOOG is breaking down still. If so, next target will be double top neckline at 450 and then maybe a backtest of the breakdown...or not.
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FJoe
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Re: 04/19/2011 Intraday Watering

Post by FJoe »

uempel,

Do you see a move up or a move down tomorrow? Thanks
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 04/19/2011 Intraday Watering

Post by uempel »

It depends on the market's reaction to earnings, but I'm considering going short at one of these levels:
Targets.png
FJoe
Posts: 78
Joined: Fri Mar 11, 2011 10:40 am

Re: 04/19/2011 Intraday Watering

Post by FJoe »

Uempel,

Thanks, that is what I see too...looks similar to 11/27/09 and 12/17/09 in terms of a pattern where you get a big down day after an up day, then the next day closes higher.
uempel
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Re: 04/19/2011 Intraday Watering

Post by uempel »

FJoe wrote:uempel,

Do you see a move up or a move down tomorrow? Thanks
No idea, I have no position into the close. I'm waiting for the reaction after the earnings today. I'll also check the bullish percentages. I'll post a comment later on on Cobra's blog. Enjoy a beer and wait for the market to make a mistake...
cletus
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Joined: Wed Feb 16, 2011 10:45 am

Re: 04/19/2011 Intraday Watering

Post by cletus »

Interesting. The futures on ES are trading exactly where the news about the US debt outlook came out, and it's right at the phantom bar level.
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Cobra
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Re: 04/19/2011 Intraday Watering

Post by Cobra »

well, guess that's it for today. we have to wait until tomorrow for the next chapter. for now it's still fighting the resistance. thank you guys, I'll see you tomorrow.
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StrikePrice
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Joined: Wed Mar 30, 2011 1:27 pm

Re: 04/19/2011 Intraday Watering

Post by StrikePrice »

Volume surge pierces trendline but still a no go for Bulls.

Overnight should be interesting...thanks Cobra, have a nice day.
rptrader
Posts: 31
Joined: Fri Apr 08, 2011 11:16 am

Re: 04/19/2011 Intraday Watering

Post by rptrader »

No volumn Dull market kill bear, it hurts
agnosia
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Re: 04/19/2011 Intraday Watering

Post by agnosia »

don't worry folks, that's what the after hours are for :) i imagine we will get through this resistance on a low volume ramp up... just hope japan + europe are up tonight...
stocksage
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Joined: Thu Mar 10, 2011 11:01 am

Re: 04/19/2011 Intraday Watering

Post by stocksage »

Bears frustrated again. :D :) :lol:
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