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07/29/2011 Intraday Watering

07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 9:01 am

Big gap down below yesterday's low, so chances are the gap won't be filled. I'm not sure though, depends on how the Global ES overnight low is broken, not decisively enough then clearly we have 3 push down pattern therefore the pullback is near an end.

1.png


Here's the evil plan I made for Global ES in the last night comment session in my Chinese forum (just occasional session otherwise it'll sure be in here), so far goes exactly like I planned, right? I'll maintain the plan for now unless the overnight low is decisively broken.

2.png

3.png


The next Monday is the 1st trading day of the month, everyone knows it supposes to be very very bullish, but unfortunately, not only recently we have so called "bearish Monday", but according to Stock Trader's Almanac, first trading day in August weak, Dow down 9 of last 13.

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Re: 07/29/2011 Intraday Watering

Postby 99er » Fri Jul 29, 2011 9:09 am

Good Morning.

Honey?
EURUSD http://99ercharts.blogspot.com/2011/07/eurusd_29.html
Mas cafe por favor.
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Re: 07/29/2011 Intraday Watering

Postby agnosia » Fri Jul 29, 2011 9:11 am

morning guys, took off the last couple of days, looks like i missed some fun. i bought the blood today, long /es 1283.5
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Re: 07/29/2011 Intraday Watering

Postby 99er » Fri Jul 29, 2011 9:13 am

Honey...TGIF.
ES http://99ercharts.blogspot.com/2011/07/es_29.html

Mas cervesa por favor.
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Re: 07/29/2011 Intraday Watering

Postby cougar » Fri Jul 29, 2011 9:19 am

The support zone for SPX is now between 1886.5 and 1282, as defined on 2 charts...
I think it will not hold...
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Re: 07/29/2011 Intraday Watering

Postby cougar » Fri Jul 29, 2011 9:21 am

On SPX 30 min: in the present conditions, the 1286.5 confluence will be a “pivot for the day” and not support.
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Re: 07/29/2011 Intraday Watering

Postby cougar » Fri Jul 29, 2011 9:22 am

On the SPX Gann square (daily): under the Wed. closing price, there is a zone of confluence which looks supportive (1289.5 -1299)
But since they will probably gap under it...1282 will be active first support. first
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Re: 07/29/2011 Intraday Watering

Postby cougar » Fri Jul 29, 2011 9:24 am

NDX 130 min: the image of complacency
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Re: 07/29/2011 Intraday Watering

Postby cougar » Fri Jul 29, 2011 9:28 am

IWM: plenty of room to drop to the lower target = 77.5
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 9:30 am

the open.
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Re: 07/29/2011 Intraday Watering

Postby Anca » Fri Jul 29, 2011 9:32 am

Good morning :)
What is a good support on Google? Thanks
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Re: 07/29/2011 Intraday Watering

Postby hiram » Fri Jul 29, 2011 9:34 am

cougar wrote:NDX 130 min: the image of complacency


why do you say that?

thanks hiram
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 9:36 am

testing MA200 now.
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Re: 07/29/2011 Intraday Watering

Postby KENA » Fri Jul 29, 2011 9:37 am

If we can't hold 1286/1288 after we may be in trouble.
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Re: 07/29/2011 Intraday Watering

Postby BullBear52x » Fri Jul 29, 2011 9:37 am

GM, what an ugly day for dip buyers o u c h!

Al_dente, I do not trade SOXL, I trade SMH and TYP/TYH
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 07/29/2011 Intraday Watering

Postby KENA » Fri Jul 29, 2011 9:39 am

KENA wrote:If we can't hold 1286/1288 after we may be in trouble.

Should read after open.
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Re: 07/29/2011 Intraday Watering

Postby agnosia » Fri Jul 29, 2011 9:40 am

ouch. wondering if we are gunning for 1274.75 gap on /es. i am expecting a strong PMI @ 9:45 so we may get a nice pop.
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Re: 07/29/2011 Intraday Watering

Postby hiram » Fri Jul 29, 2011 9:41 am

im back in my apple puts at 5.10 on the bounce, this should be good for a nice ride..... thanks everyone for hard work, and just wanted to give cobra props for evil plan!

thanks hiram
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Re: 07/29/2011 Intraday Watering

Postby agnosia » Fri Jul 29, 2011 9:42 am

ok liquidity on /es just disappeared, i am on the sidelines.
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Re: 07/29/2011 Intraday Watering

Postby 99er » Fri Jul 29, 2011 9:44 am

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