Back to www.cobrasmarketview.com

10/04/2011 Intraday Watering

Post Reply
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

10/04/2011 Intraday Watering

Post by Cobra »

Gap down below yesterday's range but since yesterday was a major distribution day which filled almost all the gaps the next day so really hard to say whether the gap will be filled or not.

The Global ES looks like a stair down, after a night consolidation, it breakdown again, the Fib 61.8% Measured Move of such a breakdown after consolidation would be around ES 1063 something.
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
jarbo456
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 10/04/2011 Intraday Watering

Post by jarbo456 »

User avatar
davros
Posts: 90
Joined: Thu Jun 09, 2011 12:42 pm
Contact:

Re: 10/04/2011 Intraday Watering

Post by davros »

es december stopped so far at more or less precisely the low of early august, almost too obvious and neat to be true
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/04/2011 Intraday Watering

Post by Al_Dente »

Morning Boss:
Brilliant your “Market Outlook” overnight

Shanky posted the perfect picture of the market:
http://shankystechblog.blogspot.com/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Molari
Posts: 3
Joined: Sat Sep 17, 2011 3:08 am

Re: 10/04/2011 Intraday Watering

Post by Molari »

jarbo456 wrote:did everyone see this?

http://www.businessinsider.com/stocks-c ... 11-2011-10
New on board...
I don't believe in numerology but yes it is freaky!
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 10/04/2011 Intraday Watering

Post by cougar »

Good morning!
q2model
Posts: 336
Joined: Tue Feb 15, 2011 10:54 am

Re: 10/04/2011 Intraday Watering

Post by q2model »

Today's Economic Calendar
9.00 Fed Governor Raskin Speaks on Foreclosures

10.00 Fed Chairman Bernanke to testify on economic outlook before JEC
Factory orders (est 0.2% m/m)

11.00 Congressman Ron Paul Holds Hearing on Auditing The Fed

12.00 Merkel Speech at Regional CDU conference in Magdeburg



Factory orders: We expect factory orders to increase 0.2% in August, with a 0.5% rise in nondurables offsetting the 0.1% decline in durable orders reported in the preliminary release. The greater focus should lie on any revisions to the preliminary estimates of core capital goods orders and shipments, which are more directly applicable to tracking Q3 GDP growth.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 10/04/2011 Intraday Watering

Post by cougar »

A chart that punctuates the moves of SPX better than I expected: 2 Murrey Math Fans.
Attachments
2MMfansGIF.GIF
User avatar
jarbo456
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 10/04/2011 Intraday Watering

Post by jarbo456 »

cougar wrote:A chart that punctuates the moves of SPX better than I expected: 2 Murrey Math Fans.
nice. i like this one a lot.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 10/04/2011 Intraday Watering

Post by cougar »

AAPL sitting on top of a support zone. A reversal could happen soon…IMHO
Attachments
AAPLgif.GIF
User avatar
shumushu
Posts: 315
Joined: Thu Feb 17, 2011 1:09 pm
Contact:

Re: 10/04/2011 Intraday Watering

Post by shumushu »

Apple is making announcing their new products today, that could set the tone for this market.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 10/04/2011 Intraday Watering

Post by cougar »

Thanx Jarbo
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/04/2011 Intraday Watering

Post by BullBear52x »

GM, ES at support, do or die?
Attachments
spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Unique
Posts: 3911
Joined: Tue Sep 06, 2011 3:19 pm

Re: 10/04/2011 Intraday Watering

Post by Unique »

cougar wrote:AAPL sitting on top of a support zone. A reversal could happen soon…IMHO
http://i.imgur.com/Joh9T.gif

388 target.
Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
rpccharts
Posts: 440
Joined: Fri Jul 29, 2011 10:41 am

Re: 10/04/2011 Intraday Watering

Post by rpccharts »

ES range estimate is 1055-1095. ES traded at its August low of 1071 this morning, but I don't think the drop is over yet. Next support is at the August 2010 low of 1037.

:twisted: :twisted: :twisted:
User avatar
BullTart
Posts: 398
Joined: Thu Sep 01, 2011 12:23 pm

Re: 10/04/2011 Intraday Watering

Post by BullTart »

jarbo456 wrote:did everyone see this?

http://www.businessinsider.com/stocks-c ... 11-2011-10
Yes, that's been making the rounds on the net today after ZH posted it last night. Funny how ZH is now becoming a source for mainstream media.

We could continue downwards here into Friday's jobs report at which point we could see a cycle low and a rebound to squeeze shorts and clear our sentiment.

Look at this chart that Gann360, someone who I highly respect in Gann analysis, put together.
Attachments
2011-09-24_1229.png
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 10/04/2011 Intraday Watering

Post by 99er »

Good Morning.

So honey...what's Dr. Copper saying today?
HG http://99ercharts.blogspot.com/2011/10/hg.html

Markets go down and up.
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 10/04/2011 Intraday Watering

Post by 99er »

What does that mean?
ES http://99ercharts.blogspot.com/2011/10/es_04.html

Put your pants back on.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/04/2011 Intraday Watering

Post by Cobra »

the open. way too stretched, so should rebound first.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/04/2011 Intraday Watering

Post by BullBear52x »

I am a bull today, lets go bulls! Ole ole ole.....
My comments are for entertainment/educational purpose only. NOT a trade advice.
Post Reply