09/28/2011 Intraday Watering

ultramarine · Post by **ultramarine** » Wed Sep 28, 2011 3:39 pm

KENA wrote:With commodities going dn and copper going dn big time and the CRB index now at the 303 area this mkt does not look good.When we hit below 300 this mkt will go dn faster. Wait and see.

Interesting. What is the significance of the 300 level?

kaiboliu · Post by **kaiboliu** » Wed Sep 28, 2011 3:39 pm

triangle breakdown target reach. O.o

99er · Post by **99er** » Wed Sep 28, 2011 3:41 pm

So honey...what's for dinner?
SPX http://99ercharts.blogspot.com/2011/09/spx_3730.html

Beef sashimi?

Post by **Cobra** » Wed Sep 28, 2011 3:41 pm

biggest bar ever, volume surge, let's see if any rebound here.

ultramarine · Post by **ultramarine** » Wed Sep 28, 2011 3:43 pm

Bearish crossover now clearly in evidence on MACD 60 min chart. Doesn't guarantee further declines over the coming days, but it should help bears sleep better tonight.

heavenskrow · Post by **heavenskrow** » Wed Sep 28, 2011 3:45 pm

Bonds still havent broken out yet but VERY close to....
and SPY is at wedge,

rhight · Post by **rhight** » Wed Sep 28, 2011 3:45 pm

Can the 5 DMA at SPX 1152 save us?

heavenskrow · Post by **heavenskrow** » Wed Sep 28, 2011 3:47 pm

TLT breaks resistance and spy is breaking under the wedge!!!!

Need 2-3 (5min) candlesticks to confirm breakout/breakdown.
Glad im in TVIX

cougar · Post by **cougar** » Wed Sep 28, 2011 3:48 pm

rhight wrote:Can the 5 DMA at SPX 1152 save us?

No...I don't think so...

SB73 · Post by **SB73** » Wed Sep 28, 2011 3:48 pm

SB73 wrote:Well what can I say, I must reshort here with a stop at 1172 and a target of 1150 ish.

Target met...possible gap up tomorrow? Closed 1/2 position

KENA · Post by **KENA** » Wed Sep 28, 2011 3:48 pm

ultramarine wrote:
KENA wrote:With commodities going dn and copper going dn big time and the CRB index now at the 303 area this mkt does not look good.When we hit below 300 this mkt will go dn faster. Wait and see.
Interesting. What is the significance of the 300 level?

A break below 300 dn to 290 level the USA will be in deflation.This will bring the mkt dn and also the Fed. to think of some other stimuless. Not sure where this starts we may be in deflation now..Look at the oil drop today.I will have to start looking for more info on this subject.

rocstocktrader · Post by **rocstocktrader** » Wed Sep 28, 2011 3:50 pm

Nasdaq Composite has easily filled gap up level of 2,519 created in yesterday's session.
http://btdmarketsummary.blogspot.com/

Post by **Cobra** » Wed Sep 28, 2011 3:51 pm

well, descending triangle target reached...

laoguo · Post by **laoguo** » Wed Sep 28, 2011 3:56 pm

Cobra wrote:well, descending triangle target reached...

what a day, man.

what's next? p-bar 113.35?

Cobra laoda, what's ur opinion

Post by **Cobra** » Wed Sep 28, 2011 3:58 pm

a little stretched. Guess that's it for today. Thank you ladies and guys, I'll see you tomorrow.

Post by **Cobra** » Wed Sep 28, 2011 3:58 pm

laoguo wrote:
Cobra wrote:well, descending triangle target reached...
what a day, man.

what's next? p-bar 113.35?

Cobra laoda, what's ur opinion

I don't see p-bar on stockcharts.

ultramarine · Post by **ultramarine** » Wed Sep 28, 2011 3:59 pm

Pretty strong confirmation of yesterday's black candle. I guess tomorrow's bias is also bearish. Could be large, especially if there is news out of Europe. I think there is a German vote scheduled for tomorrow on the Greek bailout mess.

heavenskrow · Post by **heavenskrow** » Wed Sep 28, 2011 4:00 pm

Cobra wrote:a little stretched. Guess that's it for today. Thank you ladies and guys, I'll see you tomorrow.

get better!

KENA · Post by **KENA** » Wed Sep 28, 2011 4:01 pm

Cobra wrote:
laoguo wrote:
Cobra wrote:well, descending triangle target reached...
what a day, man.

what's next? p-bar 113.35?

Cobra laoda, what's ur opinion
I don't see p-bar on stockcharts.

I think that showed up 2 days ago.

laoguo · Post by **laoguo** » Wed Sep 28, 2011 4:01 pm

Cobra wrote:
laoguo wrote:
Cobra wrote:well, descending triangle target reached...
what a day, man.

what's next? p-bar 113.35?

Cobra laoda, what's ur opinion
I don't see p-bar on stockcharts.

I mean the p-bar a few days ago which wasn't reached.

Cobra's Market View

Back to www.cobrasmarketview.com

09/28/2011 Intraday Watering

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