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10/24/2011 Intraday Watering

10/24/2011 Intraday Watering

Postby Cobra » Mon Oct 24, 2011 9:04 am

Small gap up but above Friday's high so not sure if the gap will be filled or not. By the way, even with the gap up it still looks like a 3 Push Up, as I mentioned in the weekend report, so bulls need push up further to eliminate the bear's last hope.

The Global ES looks not bad, as long as it can consolidate above 1230, it's would firm the breakout, so no doubt bulls now have advantages.
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Re: 10/24/2011 Intraday Watering

Postby chodaboy19 » Mon Oct 24, 2011 9:10 am

Good morning!
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Re: 10/24/2011 Intraday Watering

Postby oldpigwang » Mon Oct 24, 2011 9:11 am

GM, Cobra.
How high this push up we need to kill bear's hope?
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Re: 10/24/2011 Intraday Watering

Postby 99er » Mon Oct 24, 2011 9:11 am

Good Morning.

Gee honey...look at that.
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_24.html

A Butterfly.
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Re: 10/24/2011 Intraday Watering

Postby 99er » Mon Oct 24, 2011 9:13 am

A sighting so early?
ES http://99ercharts.blogspot.com/2011/10/es_24.html

Let's hit the beach.

GLTA.
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Re: 10/24/2011 Intraday Watering

Postby Bezz » Mon Oct 24, 2011 9:14 am

Hi 99er,

I love your charts and have followed your surfing calls, just dropping a note to say thanks! :D

This butterfly on the EUR/USD is a negative :?:

Thanks
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Re: 10/24/2011 Intraday Watering

Postby TWJ » Mon Oct 24, 2011 9:17 am

Good Morning and Thank You for all the great work! :D
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Re: 10/24/2011 Intraday Watering

Postby Cobra » Mon Oct 24, 2011 9:19 am

oldpigwang wrote:GM, Cobra.
How high this push up we need to kill bear's hope?


need another strong up day.

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Re: 10/24/2011 Intraday Watering

Postby zipper » Mon Oct 24, 2011 9:24 am

99er wrote:Good Morning.

Gee honey...look at that.
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_24.html

A Butterfly.


Sorry for my ignorence but what does this butterfly mean, new seeking understanding to your view..cheers
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Re: 10/24/2011 Intraday Watering

Postby jarbo456 » Mon Oct 24, 2011 9:33 am

zipper wrote:
99er wrote:Good Morning.

Gee honey...look at that.
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_24.html

A Butterfly.


Sorry for my ignorence but what does this butterfly mean, new seeking understanding to your view..cheers


hey zipper,

just do a search for butterfly technical analysis. just another pattern that you should know anyway.

in short form, this is a bearish pattern, when drawn like this...
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Re: 10/24/2011 Intraday Watering

Postby Cobra » Mon Oct 24, 2011 9:33 am

the open.
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Re: 10/24/2011 Intraday Watering

Postby Al_Dente » Mon Oct 24, 2011 9:33 am

GM Cobra and all
“PRESSURE ON ITALY IN EUROZONE STRUGGLE” last night’s FT report, summary:
“...EU leaders negotiated the three pillars of a package aimed at stemming the crisis. They agreed on the need for EU banks to find €108bn in new capital...Sunday night...17 eurozone leaders [could not reach a conclusion] on ... expand[ing] the .... EFSF – the eurozone rescue fund .... One plan would set up a special fund to attract global investors, including potentially the IMF, that would buy Italian bonds...The other [plan]... would guarantee against losses by bondholders....officials were negotiating with ... international banks to increase their contribution to a new rescue plan for Greece.... Without further cuts in repayments to bondholders, EU and IMF lenders will be saddled with €252bn in bail-out loans until... 2020, according to a confidential EU-IMF study. Negotiators said the two sides remained far apart.... The ...package [is]... supposed to be decided by twin EU and eurozone summits on Wednesday...”
Last night http://www.ft.com [u can subscribe to a few FT stories FREE per month, more on paid sub]
Also, see all yesterday’s/this morning’s zerohedge.com for their “take”
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Re: 10/24/2011 Intraday Watering

Postby BullBear52x » Mon Oct 24, 2011 9:33 am

GM,
So many short sellers
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 10/24/2011 Intraday Watering

Postby grachu » Mon Oct 24, 2011 9:35 am

yes but cobra you mentioned that monday gangs would be erased... on tuesday. so bulls need more than an up day no ?
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Re: 10/24/2011 Intraday Watering

Postby 99er » Mon Oct 24, 2011 9:38 am

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Re: 10/24/2011 Intraday Watering

Postby Al_Dente » Mon Oct 24, 2011 9:40 am

Commodities and especially FCX strong out of gate
http://screencast.com/t/esV4KYyCctw

CAT squeeze… refreshing for a change, to see a squeeze based on a good reason (eps)
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Re: 10/24/2011 Intraday Watering

Postby Al_Dente » Mon Oct 24, 2011 9:42 am

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Re: 10/24/2011 Intraday Watering

Postby Al_Dente » Mon Oct 24, 2011 9:48 am

BIDU
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Re: 10/24/2011 Intraday Watering

Postby fehro » Mon Oct 24, 2011 9:51 am

possible channel / trendline....
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Re: 10/24/2011 Intraday Watering

Postby BullBear52x » Mon Oct 24, 2011 9:52 am

I see a sellable below 124.68 spy, IWM <72
My comments are for entertainment/educational purpose only. NOT a trade advice.
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