03/03/2011 Intraday Watering

Post by **Cobra** » Thu Mar 03, 2011 10:02 am

Gap up above yesterday range, so the gap may not be filled today and the day could be a trend day (either uptrend or downtrend). I'm not sure the Global ES had 3 push up pattern therefore shall pullback upon the market open as generally, a gap up open like this I won't think about any possible reversal.

wave · Post by **wave** » Thu Mar 03, 2011 10:07 am

Cobra, do you think it's a W bottom on hourly chart?

99er · Post by **99er** » Thu Mar 03, 2011 10:17 am

Morning.
A nice day for a blow-off top, eh?
EURUSD
http://99ercharts.blogspot.com/2011/03/eurusd_03.html
Good luck.

slcgh · Post by **slcgh** » Thu Mar 03, 2011 10:18 am

Good morning everyone!

99er · Post by **99er** » Thu Mar 03, 2011 10:20 am

/ES
A one, a two and a one, two, three.
http://99ercharts.blogspot.com/2011/03/es_03.html
Nice day to cha-cha-cha.

Post by **Cobra** » Thu Mar 03, 2011 10:23 am

wave wrote:Cobra, do you think it's a W bottom on hourly chart?

Yes, but we're almost at the target.

wave · Post by **wave** » Thu Mar 03, 2011 10:25 am

Ok. thanks. But why is the target so low for the big W bottom?

simpletrader · Post by **simpletrader** » Thu Mar 03, 2011 10:26 am

Cobra wrote:Gap up above yesterday range, so the gap may not be filled today and the day could be a trend day (either uptrend or downtrend). I'm not sure the Global ES had 3 push up pattern therefore shall pullback upon the market open as generally, a gap up open like this I won't think about any possible reversal.

keep pushing up, will break the top trend resistance today. which is very bullish

shumushu · Post by **shumushu** » Thu Mar 03, 2011 10:27 am

The market is right at the 50% fib retracement I posted yesterday. I do not know what will happen in the short term? From Cobra's after market summary, UP?

99er · Post by **99er** » Thu Mar 03, 2011 10:28 am

Copper
Hints at a correction. H&S anyone?
http://99ercharts.blogspot.com/2011/03/copper.html

wave · Post by **wave** » Thu Mar 03, 2011 10:31 am

I doubt it's a H&S.

99er wrote:Copper
Hints at a correction. H&S anyone?
http://99ercharts.blogspot.com/2011/03/copper.html

Post by **Cobra** » Thu Mar 03, 2011 10:31 am

The opening.

Post by **Cobra** » Thu Mar 03, 2011 10:32 am

wave wrote:Ok. thanks. But why is the target so low for the big W bottom?

I don't know how to answer your question. Isn't that how double bottom target being calculated?

q2model · Post by **q2model** » Thu Mar 03, 2011 10:33 am

Cobra wrote:The opening.

Cobra: good call to say today was going to be like 2/1

Post by **Cobra** » Thu Mar 03, 2011 10:36 am

Right above Fib 61.8, Qs even almost touching the Tuesday highs.

Post by **Cobra** » Thu Mar 03, 2011 10:36 am

q2model wrote:
Cobra wrote:The opening.
Cobra: good call to say today was going to be like 2/1

No, I was kinda doubt that.

shumushu · Post by **shumushu** » Thu Mar 03, 2011 10:41 am

Potential short target?

Edit: Market too strong, wouldn't short until it shows weakness.

KENA · Post by **KENA** » Thu Mar 03, 2011 10:51 am

UP,UP AND AWAY.. Big open but we still have to break the 1325/1327 level and hold it and then the 1333 area.This may take some effort. FYI...Stocktiming.com says institutions are neutral relative to accum/dist....Liquidity is up and expanding...Accelerators are in up condition.I sold my spy short yesterday but did not buy a spy long.Sure missed this one. Wait and see.

99er · Post by **99er** » Thu Mar 03, 2011 10:51 am

SPX
Any Elliott Wave folks wanna count?
http://99ercharts.blogspot.com/2011/03/spx_03.html
Cha cha cha.

pezhead9000 · Post by **pezhead9000** » Thu Mar 03, 2011 10:52 am

Extreme advancing day - so far: http://stockcharts.com/h-sc/ui?s=$NYA&p ... &listNum=6

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03/03/2011 Intraday Watering

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