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Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:11 pm
by Cobra
3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:13 pm
by BullBear52x
Cobra wrote:3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
I don't know just lost comission on the long trade few minutes ago. back to the bear camp again.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:19 pm
by Mr. T
Com'on Cob's = lets do a four push down.......
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:20 pm
by Cobra
still further to go. I'll assume the red line above will be tested.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:22 pm
by Cobra
well, too later. it breaks through. nowadays all bulls need are some imagination.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:24 pm
by BullBear52x
try to short SSO here at 55.19 no shares available.
I am done day trading, still holding my half lot short etf. FAZ will rock tomorrow LOL and so SRS
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:25 pm
by soku
my guess for a possible turning point is 1348.5 es.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:25 pm
by Cobra
some resistances here, but I think bears need pray here.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:38 pm
by agnosia
if this were a two way market this would be a great place to short /es 1346.... but the fed has got me scared so i only buy...
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:40 pm
by 99er
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:40 pm
by uempel
Last glance at this chart today:
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:42 pm
by Mr. T
Was that it? Bears done?
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:45 pm
by jynmax
uempel wrote:Cobra wrote:still defending the previous low but I'm not optimistic about bulls here as the selling appears broad based. Close right here today, then chances are good that there'd be more pullback ahead. so bulls need a sharp rebound somewhere before the close.
I agree.
UEMPEL,i want to learn to draw picture like yours and i have tried one,can you tell if my picture is right or wrong?
ps:i come from CHINA so my english is poor,excuse me.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:47 pm
by BullBear52x
anotherdivergence here for the sell the rally guys
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 2:56 pm
by KENA
Cobra wrote:3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
To many dippers..Everyone was waiting for the 1340 area and when that hit dippers all jumped in. But a contrarian view would be for a reversal . Wait and see.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 3:04 pm
by Cobra
pullback from trend line, but I think the rebound isn't over yet and after the "not over" rebound there should be one more leg down (not today, may be a few days later).
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 3:07 pm
by jynmax
Cobra wrote:some resistances here, but I think bears need pray here.
COBRA,can you ask uemple that if my chart picture which learned from him is right or wrong please?i can't find him...please...
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 3:08 pm
by agnosia
my bot calculations puts us at a close of /es 1346
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 3:09 pm
by Cobra
support.
Re: 05/04/2011 Intraday Watering
Posted: Wed May 04, 2011 3:13 pm
by soku
yoku wrote:my guess for a possible turning point is 1348.5 es.
my longs got stopped out. the market is kinda fishy at this moment.
not sure where it heads, but i am currently bearish biased (as always). it could be a last push to the 1346-48 zone then waterfall from there. not ready to short tho.