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02/16/2011 Intraday Watering

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Cobra
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02/16/2011 Intraday Watering

Post by Cobra »

Gap up out of yesterday's range, so chances are that the gap won't get filled and if new high after 10:00am ET, chances are even better for a strong uptrend day. That said, any gap day can be a trend day either up or down depends on how opening goes, so let's see. Global ES looks good by the way, breakout above the recent range and consolidating above it which is bullish.
1.png
Institutions are still selling into the strength as far as I read.
2.png
Seasonality about the rest of the week.
3.png

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Cobra
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Re: 02/16/2011 Intraday Watering

Post by Cobra »

Uempel pretty sure this is a top and he went short. He's busy today but want me to show this chart here.
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99er
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Re: 02/16/2011 Intraday Watering

Post by 99er »

ES
Are we there yet?
http://99ercharts.blogspot.com/2011/02/es_16.html
Can't hold it much longer.
wxtrader001
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Re: 02/16/2011 Intraday Watering

Post by wxtrader001 »

Yesterday's down isnot strong, finally a range day,i think bears lost its opportunity ,hope an up day today
Last edited by wxtrader001 on Wed Feb 16, 2011 10:23 am, edited 1 time in total.
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99er
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Re: 02/16/2011 Intraday Watering

Post by 99er »

uempel--
Welcome on board!
wave
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Re: 02/16/2011 Intraday Watering

Post by wave »

Who is Uempel?
chickencoop
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Re: 02/16/2011 Intraday Watering

Post by chickencoop »

wave wrote:Who is Uempel?
the old trader?
Forevergreen
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Re: 02/16/2011 Intraday Watering

Post by Forevergreen »

chickencoop wrote:
wave wrote:Who is Uempel?
the old trader?
I think so... the chart looks like his style...
then we should take his words seriously....
black
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Re: 02/16/2011 Intraday Watering

Post by black »

currency, gold, jump up & down, today will be a fun day.
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Cobra
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Re: 02/16/2011 Intraday Watering

Post by Cobra »

Opening. Now the previous high is the resistance.
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maldini
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Re: 02/16/2011 Intraday Watering

Post by maldini »

Cobra wrote:Uempel pretty sure this is a top and he went short. He's busy today but want me to show this chart here.
this fork is HUUUUUGGEE


//GOOD morning
alf
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Re: 02/16/2011 Intraday Watering

Post by alf »

I think it may turn out a range day. I think no big move until OE day.
black
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Re: 02/16/2011 Intraday Watering

Post by black »

i don't think this is top, at least i definitely will not short here.
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Re: 02/16/2011 Intraday Watering

Post by black »

5 min chart, 1st bar is strong, 2nd not good follow up, 3rd one is important, let's see
q2model
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Re: 02/16/2011 Intraday Watering

Post by q2model »

black wrote:i don't think this is top, at least i definitely will not short here.
What is your reason?
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Cobra
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Re: 02/16/2011 Intraday Watering

Post by Cobra »

I'd pay attention to global range, if the range low held (i.e. today's 5 min open range low held), this is still pretty much bullish, why everybody keep yelling this is a top?
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black
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Re: 02/16/2011 Intraday Watering

Post by black »

q2model wrote:
black wrote:i don't think this is top, at least i definitely will not short here.
What is your reason?
i just don't short big gap up, but it doesn't mean i won't short later today
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99er
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Re: 02/16/2011 Intraday Watering

Post by 99er »

ES
Symmetry. It would be great for bears if we starting from here follow up with the right-hand side of multiple H&S formations developed on the way up.
http://99ercharts.blogspot.com/2011/02/es_2809.html
We'll see.
wxtrader001
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Re: 02/16/2011 Intraday Watering

Post by wxtrader001 »

black wrote:
q2model wrote:
black wrote:i don't think this is top, at least i definitely will not short here.
What is your reason?
i just don't short big gap up, but it doesn't mean i won't short later today
Support Mr Black !! good comment !
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Cobra
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Re: 02/16/2011 Intraday Watering

Post by Cobra »

black wrote:
q2model wrote:
black wrote:i don't think this is top, at least i definitely will not short here.
What is your reason?
i just don't short big gap up, but it doesn't mean i won't short later today
If I read correctly, this pretty much should be long here. Isn't this double bottom reversal or what you Martian calls?
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