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Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:03 pm
by BullBear52x
Super bearish engulfing in the making.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:03 pm
by Tabby
Bull,
How low $RUT can go today? :shock:

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:04 pm
by qtipped
almost there...

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:04 pm
by maldini
bullish bearish engulfing? :D

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:05 pm
by BullBear52x
Tabby wrote:Bull,
How low $RUT can go today? :shock:
I have no clue, there's really alot of panic selling right now. I would look at Mid BB at the mean time for support.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:07 pm
by 99er

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:09 pm
by DaWay
ES 3/29/11 breakout 1318.45 is a good support.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:10 pm
by Tabby
Thanks Bull bear. :mrgreen:

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:12 pm
by BullBear52x
Tabby wrote:Thanks Bull bear. :mrgreen:
good support right here, last peak and fibo way over sold right now too.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:21 pm
by qtipped
i've been checking cobra's blog every once in awhile for the last year...that's how i learned about the forum.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:22 pm
by Cobra
could be breakdown then back test, I'll assume the low will be tested? Not sure though as the time is running out for bears.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:26 pm
by qtipped
if we get a last push down, now i see the 132.10-132.25 on the 30min candles. i don't think we'll get there but will cover my remaining spy puts there.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:29 pm
by qtipped
price action feels like bears are not driving this market down..instead i think traders want out of their longs...what do you think?

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:32 pm
by BullBear52x
Another nice weekend, Thank you Cobra and everyone here, I deserve a nice cold one now.

This weekend the Technical junkies will be back in the drawing board in full force. GL trading all.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:33 pm
by qtipped
30min left..either we close lower than 132.50 or we bounce back to 132.75 support. currently at my last resistance line here. if it fails, we should see below 132.50.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:37 pm
by Cobra
critical time.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:37 pm
by 99er

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:41 pm
by Tabby
Cobra,
Pink is TLT and Gray or blue or green is FXI. Is that correct?
BullBear,
Thank you again for the chart.

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:45 pm
by cletus
First support -- "magic" lines

Re: 04/08/2011 Intraday Watering

Posted: Fri Apr 08, 2011 3:49 pm
by DaWay
Hi 99er, great lines! Funny I had an 'ideal' road map posted 4/1/11 that echos with this chart of yours if I read it right. Thanks for the frequent chart postings, real good stuff.
Image
BTW, orange color line just for general ideas, not meant to pin point time/price future moves.

Ooops, right side od chart did not show, dont know why...oh well.