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03/07/2011 Intraday Watering

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BullBear52x
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Re: 03/07/2011 Intraday Watering

Post by BullBear52x »

We need to see intraday double bottom signs on all major players befor we can say today's bottom is seen, any one? :idea:
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Cobra
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Re: 03/07/2011 Intraday Watering

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BullBear52x wrote:We need to see intraday double bottom signs on all major players befor we can say today's bottom is seen, any one? :idea:
Agreeli agreeli :lol:

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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

there're some chances that the low was in, see pink and green curve. Pink didn't make higher high while SPY made a lower low. On rebound, green almost catch the previous rebound high while SPY is far away from it, so there're some chances.
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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

A breakout would force L2 and L3 bear to cover, thus good news for bulls.
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BullBear52x
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Re: 03/07/2011 Intraday Watering

Post by BullBear52x »

Now that we got trend signs of trend reversal, I think it's somewhat safe to hold shorts over night. Big panic gap down is coming soon the way the market react today. hourly LH LL
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BullBear52x
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Re: 03/07/2011 Intraday Watering

Post by BullBear52x »

wrong chart, wait.
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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

Another possibility is my favorite and more normal pattern, three push down then reversal. Let's wait and see. If the market does bottom here, then chart does not appear bearish. So a critical time here. Bear need have finger crossed.
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BullBear52x
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Re: 03/07/2011 Intraday Watering

Post by BullBear52x »

Here it is..
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hdenandy
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Re: 03/07/2011 Intraday Watering

Post by hdenandy »

Re: 03/07/2011 Intraday Watering
by 99er » Mon Mar 07, 2011 1:26 pm

SPX
Four-hour chart features a possible Wolfe Wave. Target? 1200.
http://99ercharts.blogspot.com/2011/03/spx_2669.html



Hi, I'm Andy - a new and interested observer from England.
Many thanks for everybody's input here - very interesting and educational.

99er - may I ask why, on the above chart, that the low of early July 2010 was not No. 2, and the high of Aug. 2010 was not no. 3 ?

Many thanks.
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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

Strong push up forcing L2, L3 and L4 bears to cover, this should be powerful push.
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zombiebraingoo
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Re: 03/07/2011 Intraday Watering

Post by zombiebraingoo »

PUG - http://pugsma.wordpress.com/2011/03/04/ ... ate-5-eod/

but it also looks like there was only a 5-wave drop from 1332.28 to 1312.58; so it may only be wave a-(e) and the bounce at the end of the day to 1321.15 was wave b-(e). This would mean a wave c-(e) drop to close the 1308/1312 gap on Monday to complete the minor 4-[3]-P3 wave.

__________________________________________________________

I think this count looks right unless we decisively break support
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BullBear52x
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Re: 03/07/2011 Intraday Watering

Post by BullBear52x »

Cobra, Nice call, indeed it is, well, too many resistance, Bears still kick back looks like at the moment.....this bear for sure :lol:
Last edited by BullBear52x on Mon Mar 07, 2011 3:25 pm, edited 1 time in total.
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zombiebraingoo
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Re: 03/07/2011 Intraday Watering

Post by zombiebraingoo »

Maybe now? Maybe tigger needs a new spring!
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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

zombiebraingoo wrote:Maybe now?
:lol:

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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

both bear and bull need pray here.
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q2model
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Re: 03/07/2011 Intraday Watering

Post by q2model »

Cobra wrote:both bear and bull need pray here.
Which is bear and which is bull?
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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

q2model wrote:
Cobra wrote:both bear and bull need pray here.
Which is bear and which is bull?
Very difficult to see, the picture isn't very clear. :?

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99er
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Re: 03/07/2011 Intraday Watering

Post by 99er »

Copper
Still a ways to the lower boundary of the channel.
http://99ercharts.blogspot.com/2011/03/copper_07.html
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Cobra
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Re: 03/07/2011 Intraday Watering

Post by Cobra »

Judging by pink and green, should be more up?
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99er
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Re: 03/07/2011 Intraday Watering

Post by 99er »

hdenandy-- "99er - may I ask why, on the above chart, that the low of early July 2010 was not No. 2, and the high of Aug. 2010 was not no. 3 ?"

The points used better follow possible lines 1-3 and 2-4. I believe that WWs generally work with whatever lines you choose; just make sure that the pattern looks reasonable. The best WWs appear to be part of Gartley Patterns and its cousins the Butterfly and the Bat.
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