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05/04/2011 Intraday Watering

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Cobra
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Re: 05/04/2011 Intraday Watering

Post by Cobra »

3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
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BullBear52x
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Re: 05/04/2011 Intraday Watering

Post by BullBear52x »

Cobra wrote:3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
I don't know just lost comission on the long trade few minutes ago. back to the bear camp again.
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Mr. T
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Re: 05/04/2011 Intraday Watering

Post by Mr. T »

Com'on Cob's = lets do a four push down.......
-T

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Cobra
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Re: 05/04/2011 Intraday Watering

Post by Cobra »

still further to go. I'll assume the red line above will be tested.
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Cobra
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Re: 05/04/2011 Intraday Watering

Post by Cobra »

well, too later. it breaks through. nowadays all bulls need are some imagination.
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BullBear52x
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Re: 05/04/2011 Intraday Watering

Post by BullBear52x »

try to short SSO here at 55.19 no shares available. :lol: I am done day trading, still holding my half lot short etf. FAZ will rock tomorrow LOL and so SRS
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soku
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Re: 05/04/2011 Intraday Watering

Post by soku »

my guess for a possible turning point is 1348.5 es.
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Cobra
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Re: 05/04/2011 Intraday Watering

Post by Cobra »

some resistances here, but I think bears need pray here.
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agnosia
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Re: 05/04/2011 Intraday Watering

Post by agnosia »

if this were a two way market this would be a great place to short /es 1346.... but the fed has got me scared so i only buy...
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99er
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Re: 05/04/2011 Intraday Watering

Post by 99er »

uempel
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Re: 05/04/2011 Intraday Watering

Post by uempel »

Last glance at this chart today:
Resistance390.png
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Mr. T
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Re: 05/04/2011 Intraday Watering

Post by Mr. T »

Was that it? Bears done?
-T

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jynmax
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Re: 05/04/2011 Intraday Watering

Post by jynmax »

uempel wrote:
Cobra wrote:still defending the previous low but I'm not optimistic about bulls here as the selling appears broad based. Close right here today, then chances are good that there'd be more pullback ahead. so bulls need a sharp rebound somewhere before the close.
I agree.
UEMPEL,i want to learn to draw picture like yours and i have tried one,can you tell if my picture is right or wrong?
ps:i come from CHINA so my english is poor,excuse me.
umeple.jpg
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BullBear52x
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Re: 05/04/2011 Intraday Watering

Post by BullBear52x »

anotherdivergence here for the sell the rally guys
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KENA
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Re: 05/04/2011 Intraday Watering

Post by KENA »

Cobra wrote:3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
To many dippers..Everyone was waiting for the 1340 area and when that hit dippers all jumped in. But a contrarian view would be for a reversal . Wait and see.
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Cobra
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Re: 05/04/2011 Intraday Watering

Post by Cobra »

pullback from trend line, but I think the rebound isn't over yet and after the "not over" rebound there should be one more leg down (not today, may be a few days later).
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jynmax
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Re: 05/04/2011 Intraday Watering

Post by jynmax »

Cobra wrote:some resistances here, but I think bears need pray here.
COBRA,can you ask uemple that if my chart picture which learned from him is right or wrong please?i can't find him...please... :roll:
agnosia
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Re: 05/04/2011 Intraday Watering

Post by agnosia »

my bot calculations puts us at a close of /es 1346
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Cobra
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Re: 05/04/2011 Intraday Watering

Post by Cobra »

support.
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soku
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Re: 05/04/2011 Intraday Watering

Post by soku »

yoku wrote:my guess for a possible turning point is 1348.5 es.
my longs got stopped out. the market is kinda fishy at this moment.
not sure where it heads, but i am currently bearish biased (as always). it could be a last push to the 1346-48 zone then waterfall from there. not ready to short tho.
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