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03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:02 am
by Cobra
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.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:07 am
by wave
Cobra, do you think it's a W bottom on hourly chart?
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:17 am
by 99er
Morning.
A nice day for a blow-off top, eh?
EURUSD
http://99ercharts.blogspot.com/2011/03/eurusd_03.html
Good luck.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:18 am
by slcgh
Good morning everyone!
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:20 am
by 99er
/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.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:23 am
by Cobra
wave wrote:Cobra, do you think it's a W bottom on hourly chart?
Yes, but we're almost at the target.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:25 am
by wave
Ok. thanks. But why is the target so low for the big W bottom?
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:26 am
by simpletrader
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
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:27 am
by shumushu
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?
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:28 am
by 99er
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:31 am
by wave
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:31 am
by Cobra
The opening.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:32 am
by Cobra
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?
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:33 am
by q2model
Cobra wrote:The opening.
Cobra: good call to say today was going to be like 2/1
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:36 am
by Cobra
Right above Fib 61.8, Qs even almost touching the Tuesday highs.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:36 am
by Cobra
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.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:41 am
by shumushu
Potential short target?
Edit: Market too strong, wouldn't short until it shows weakness.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:51 am
by KENA
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.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:51 am
by 99er
SPX
Any Elliott Wave folks wanna count?
http://99ercharts.blogspot.com/2011/03/spx_03.html
Cha cha cha.
Re: 03/03/2011 Intraday Watering
Posted: Thu Mar 03, 2011 10:52 am
by pezhead9000