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Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:04 pm
by greenback
Dow Trader wrote:Copra, the last 2 red candle in 15 minutes started when Gadaffi started his speach again half hour ago and he still talking so far
Thanks a lot for the update! I guess nothing major?
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:05 pm
by Cobra
Sorry, I wan't focused. It was a good EMA Gap long there.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:09 pm
by Travelfrog
SPX
Elliott waves look like we will pull back to yesterdays close 1306 area some time today also 50% of initial rise. Then rally up to close on the high of the day 1320.
Monday will then see another small push up to 1333 area 161.8% of initial wave. We should then get another leg down to at least previous low or 1280 area.
This would complete an ABC correction or will then continue lower if 1280 cannot hold.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:11 pm
by Dow Trader
greenback wrote:Dow Trader wrote:Copra, the last 2 red candle in 15 minutes started when Gadaffi started his speach again half hour ago and he still talking so far
Thanks a lot for the update! I guess nothing major?
No, nothing major. he finishedhis speach.. since his speach Dow is below 12120 and oil is going up
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:13 pm
by zombiebraingoo
uempel - I agree - my number as posted above is 1318-1320 based on the 60min spx 85ema
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:13 pm
by BullBear52x
I think we've seen the tops for today, congrats! dow trader, You nailed it.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:17 pm
by trader
Cobra wrote:Sorry, I wan't focused. It was a good EMA Gap long there.
Cobra, what's an EMA gap long?
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:17 pm
by Cobra
Just a reminder, not mean it's going to reverse, any break trend line then retest the previous extreme could be a potential reversal. Let's wait and see.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:18 pm
by Travelfrog
Chart to support elliott wave pattern expected.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:19 pm
by Cobra
trader wrote:Cobra wrote:Sorry, I wan't focused. It was a good EMA Gap long there.
Cobra, what's an EMA gap long?
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:28 pm
by trader
Cobra wrote:trader wrote:Cobra wrote:Sorry, I wan't focused. It was a good EMA Gap long there.
Cobra, what's an EMA gap long?
Thank you!!
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:29 pm
by markyuan81
thank you ,Cobra! I admire you profoundly
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:30 pm
by 99er
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:36 pm
by Cobra
Nothing to say, still hanging around Fib 50. Still looks like a consolidation therefore not bad for bulls.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:39 pm
by ddd
The standard target for the /ES wave A is 1334, based on W1 being 38.2% of the the total height. W3 is in its sub-w4 corrective move, and should reach 1325 area, possibly this afternoon session.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:40 pm
by Dow Trader
BullBear52x wrote:I think we've seen the tops for today, congrats! dow trader, You nailed it.
thanks,
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:41 pm
by nova
IEA says OPEC has ample spare oil capacity
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:42 pm
by zombiebraingoo
Until spx gets above 1320 we will probably bounce around above the 221ema on the 60min chart. No signs of collaspe.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:53 pm
by Dow Trader
As always, I really like your charts and it could be H&S
but, last week many shorted oil $10 below this level so do you think the dealers will let it go down so they retailers cover there shorts ? in addition to the situation in middle east do you think oil refinaries and transportation companies can a ford another unexpeted problem in the weekend ?
today is Friday which is the day for oil and gold specially when there is an international problem..
when oil and gold in an uptrend, usually they drop in early friday then go up last 3 hours of trading, this is what big companies do in fridays "usually".
again, it could be H&S top but I will hold to the last minutes before the close and see.
Re: 02/25/2011 Intraday Watering
Posted: Fri Feb 25, 2011 1:59 pm
by BullBear52x
I know I should just focus on SPY?SPX here. EEM/EDZ