03/02/2011 Intraday Watering

[Cobra]

Just some fib, info only. You can always check live chart in my public chart list.

[wave]

any idea for the rebound target?

8 consecutive red hourly bars are rare, so a rebound of some kind should be close (intraday only) and as usual I expect the rebound (if any) would fail eventually.

We'll talk when there is a rebound.

[deadmoney95]

I AM NOT A MACHINE!!
Sorry, couldn't resist. Thank you for all that you do, and to other members of this valuable forum.

[bear33]

cobra, thank you for your posts, very appreciated. Any thoughts about Eur/USD? I notice you dont follow currencies here too often. thank you!

[BullBear52x]

Buy, market wants to go higher.

[99er]

/ES
This back test of the rising trend line, if successful, could be an Elliott Wave 1-2, 1-2 count.
http://99ercharts.blogspot.com/2011/03/es_7654.html
A one, a two and a one, two, three...
Whee!

[BullBear52x]

/ES
This back test of the rising trend line, if successful, could be an Elliott Wave 1-2, 1-2 count.
http://99ercharts.blogspot.com/2011/03/es_7654.html
A one, a two and a one, two, three...
Whee!

Here is what I watch for Traingle in hourly. 1m intraday play.

[Cobra]

cobra, thank you for your posts, very appreciated. Any thoughts about Eur/USD? I notice you dont follow currencies here too often. thank you!

EURO is in uptrend, could be at later stage though.

[Mr. BachNut]

Possible inverse head and shoulders forming in SPY from 2:50PM yesterday to now? I am not keen on head and shoulders but worth mentioning.

[99er]

30Y
The Long Bond is holding up well (above support) while /ES appears stuck (below resistance).
http://99ercharts.blogspot.com/2011/03/30y_02.html

Thanks, bullbear52x, for the triangle.

[Cobra]

Still nothing to say. First resistance. Small range day if indeed, then the whold day would be very boring. Just heard news that Canadian battleship is marching toward mid east to JOIN INTERNATIONAL FORCES (I pressume that's US forces), so another war? And I rushed to buy gas last night, the gas price surged 3 cents last night in Great Toronto Area. I had to wait in a long queue for the gas.

[Cobra]

Possible inverse head and shoulders forming in SPY from 2:50PM yesterday to now? I am not keen on head and shoulders but worth mentioning.

Could be.

[wandering196]

do not want a war, I am canadian too

[Cobra]

Now we pay 1.23 per liter, 1 US Gallon equals to 3.75 Liter? So 3.75 * 1.23 = 4.6 CAD per US Gallon. 1 USD = 1.2 CAD so 4.6 * 1.2 = 5.5 USD per US Gallon. So whoever here in US complains that you pay for high gas, just think about me paying 5.5 USD per US Gallon first.

[KENA]

Second try to break the 130.54 high... It failed...Maybe it will try one more time.If not we may start a slow decline. Sure is a lot of dippers out there. I would say if you are short ,Stay short for now. But watch it.

[Cobra]

As for inflation. Hey, of course there's no inflation because core inflation doesn't include food and gas!

[Cobra]

Fib. The rebound should have more to go.

[KENA]

That was 131.40 not 130.54. Sorry for the wrong info. But it did break up to 131.55 and still moving up.

[99er]

EURUSD
Ideally, point 5 should overshoot the upper trend line.
http://99ercharts.blogspot.com/2011/03/eurusd_8927.html
It did.

[shumushu]

Bullish: target 50% fib