05/20/2011 Intraday Watering

Post by **Cobra** » Fri May 20, 2011 9:01 am

Small gap down within yesterday's range, so the gap should be filled. OE day today, should be a little mess, so I won't read anything today seriously.

gabor · Post by **gabor** » Fri May 20, 2011 9:13 am

Hi Cobra, I looked at QQQ yesterday. In my interpretation it is not different from the other market leader indexes. I counted two pushes up, with a little extra bump, but that is normal. QQQ prices are within the channel. The little extra bump exist on the SPX and DOW charts too. I do not see signs of faliure of the uptrend yet, except everybody expects it, which is rahter an opposite sign. I may be wrong as many times in the history

99er · Post by **99er** » Fri May 20, 2011 9:17 am

Good Morning.
Should be a fun day; EURUSD just about says it all.
http://99ercharts.blogspot.com/2011/05/eurusd_8226.html

99er · Post by **99er** » Fri May 20, 2011 9:21 am

ES
Should head for the lower boundary of that down channel now.
http://99ercharts.blogspot.com/2011/05/es_5574.html

99er · Post by **99er** » Fri May 20, 2011 9:25 am

DX
IH&S.
http://99ercharts.blogspot.com/2011/05/dx_5623.html

Post by **Cobra** » Fri May 20, 2011 9:30 am

the open.

AK84 · Post by **AK84** » Fri May 20, 2011 9:43 am

Hi cobra,

Good Morning!! What is seasonality for next week esp Monday ?

Any big weekend plansss ?

Thanks.

Post by **Cobra** » Fri May 20, 2011 9:54 am

be careful, the support may not hold the 3rd touch.

Post by **Cobra** » Fri May 20, 2011 9:55 am

AK84 wrote:Hi cobra,

Good Morning!! What is seasonality for next week esp Monday ?

Any big weekend plansss ?
Thanks.

nothing next week, other than bearish Monday.

soku · Post by **soku** » Fri May 20, 2011 9:57 am

today the key key key point is es 1330. sell will be triggered if go lower.
not much to do. oe day is always fishy. it's good time to take a break and get ready for the weekend

AK84 · Post by **AK84** » Fri May 20, 2011 10:03 am

Cobra wrote:
AK84 wrote:Hi cobra,

Good Morning!! What is seasonality for next week esp Monday ?

Any big weekend plansss ?
Thanks.
nothing next week, other than bearish Monday.

what about weekend plans ??

Post by **Cobra** » Fri May 20, 2011 10:05 am

could rebound or consolidate here then another leg down.

Post by **Cobra** » Fri May 20, 2011 10:11 am

symmetrical triangle text book target.

Post by **Cobra** » Fri May 20, 2011 10:13 am

UUP, be careful of bull flag breakout.

stockcycle · Post by **stockcycle** » Fri May 20, 2011 10:17 am

My view is Bear still have chances if 1,346 is not broken out in next two trading days and chance is clear if SPX close today below 1,339.

My guideline today would be like this:

Short if SPX tends to close below 1,339 (means it is below 1,339 at proximate to market close). Otherwise I have to wait and see.

http://stockmarketwinner.files.wordpres ... hourly.png

http://stockmarketwinner.files.wordpres ... =300&h=268

Post by **Cobra** » Fri May 20, 2011 10:25 am

EUOUSD, the next support.

Post by **Cobra** » Fri May 20, 2011 10:38 am

some fib info.

Post by **Cobra** » Fri May 20, 2011 10:40 am

the far the rebound looks like a small bear flag, especially QQQ, now it's a critical time.

Post by **Cobra** » Fri May 20, 2011 10:41 am

AK84 wrote:what about weekend plans ??

buy annual to plant, it's flower time.

99er · Post by **99er** » Fri May 20, 2011 10:44 am

10-year Note
Hey Ben...
http://99ercharts.blogspot.com/2011/05/10y_20.html
Looky here.

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05/20/2011 Intraday Watering

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