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10/26/2011 Intraday Watering

10/26/2011 Intraday Watering

Postby Cobra » Wed Oct 26, 2011 9:03 am

Gap up but within yesterday's range plus it was Major Distribution Day yesterday, so NORMALLY any gap after such a day would get filled, so changes are the gap will be filled. The Global ES MAY look like a Bear Flag, not sure, as the Flag is a little bit too large.

1.png


Euro still fighting the resistance.

2.png

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Re: 10/26/2011 Intraday Watering

Postby oldpigwang » Wed Oct 26, 2011 9:09 am

Good Morning Cobra, and every body
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Re: 10/26/2011 Intraday Watering

Postby agnosia » Wed Oct 26, 2011 9:12 am

morning guys, started trading a new market. /gc. i am long 1709, on positive cross of 10/20 on the 5min. looking to swing trade this up to the 50sma at about 1730. good luck today.
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Re: 10/26/2011 Intraday Watering

Postby cougar » Wed Oct 26, 2011 9:17 am

Good morning, Cobra!
VIX: possible H&S in the making…a formation which I unfortunately ignored yesterday, on close…
We shall see…
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Re: 10/26/2011 Intraday Watering

Postby zhyuan04 » Wed Oct 26, 2011 9:19 am

Cobra wrote:Gap up but within yesterday's range plus it was Major Distribution Day yesterday, so NORMALLY any gap after such a day would get filled, so changes are the gap will be filled. The Global ES MAY look like a Bear Flag, not sure, as the Flag is a little bit too large.

1.png


Euro still fighting the resistance.

2.png


Hi Cobra. Thanks. However, I have different thoughts. The MDD rule is based on normal situation when VIX is not high. However, nowadays VIX is above 30, yesterday's drop barely met MDD rule and it may not signal as strong as selling strength as before.
Last edited by zhyuan04 on Wed Oct 26, 2011 9:28 am, edited 1 time in total.
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Re: 10/26/2011 Intraday Watering

Postby moneybreath » Wed Oct 26, 2011 9:21 am

Cougar H&S means what ? going down? VIX going down or the market?
please and thanks
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Re: 10/26/2011 Intraday Watering

Postby toplight » Wed Oct 26, 2011 9:22 am

Another day bears would keep on asking, is it time to short?
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Re: 10/26/2011 Intraday Watering

Postby Petsamo » Wed Oct 26, 2011 9:22 am

US has to rally strong in the first two hours to assist the German DAX achieve a higher high. If that happens, we probably rally all day. Image
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Re: 10/26/2011 Intraday Watering

Postby 99er » Wed Oct 26, 2011 9:24 am

Good Morning.

Honey...what's for breakfast?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_26.html

Bologna.
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Re: 10/26/2011 Intraday Watering

Postby 99er » Wed Oct 26, 2011 9:25 am

So what should we do today?
AUDJPY http://99ercharts.blogspot.com/2011/10/audjpy_26.html

Wanna go surfing?
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Re: 10/26/2011 Intraday Watering

Postby simpletrader » Wed Oct 26, 2011 9:26 am

now, bear flag no more
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Re: 10/26/2011 Intraday Watering

Postby cougar » Wed Oct 26, 2011 9:27 am

Pre- market: a second breeze in the sail of the bulls: the Germans seem to go along with further leveraging for the IFSF.
Good for the moment and BAD on the long run!
That is why the indices (here and in Germany) crawl up. but don’t fly!

QQQ in pre-market:
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Re: 10/26/2011 Intraday Watering

Postby 99er » Wed Oct 26, 2011 9:28 am

What does Dr. Copper suggest?
HG http://99ercharts.blogspot.com/2011/10/copper_26.html

"Surf's up."
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Re: 10/26/2011 Intraday Watering

Postby KENA » Wed Oct 26, 2011 9:29 am

cougar wrote:Good morning, Cobra!
VIX: possible H&S in the making…a formation which I unfortunately ignored yesterday, on close…
We shall see…


Thanks Cougar I didn't See it either.Thats a good note.
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Re: 10/26/2011 Intraday Watering

Postby Cobra » Wed Oct 26, 2011 9:31 am

the open.
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Re: 10/26/2011 Intraday Watering

Postby 99er » Wed Oct 26, 2011 9:33 am

Shall we give Tabby a call?
ES http://99ercharts.blogspot.com/2011/10/es_26.html

You betcha.
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Re: 10/26/2011 Intraday Watering

Postby Cobra » Wed Oct 26, 2011 9:33 am

zhyuan04 wrote:
Cobra wrote:Gap up but within yesterday's range plus it was Major Distribution Day yesterday, so NORMALLY any gap after such a day would get filled, so changes are the gap will be filled. The Global ES MAY look like a Bear Flag, not sure, as the Flag is a little bit too large.

1.png


Euro still fighting the resistance.

2.png


Hi Cobra. Thanks. However, I have different thoughts. The MDD rule is based on normal situation when VIX is not high. However, nowadays VIX is above 30, yesterday's drop barely met MDD rule and it may not signal as strong as selling strength as before.


right, I gave up any bearish call, anyway. :shock:

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Re: 10/26/2011 Intraday Watering

Postby zhyuan04 » Wed Oct 26, 2011 9:36 am

Cobra wrote:
zhyuan04 wrote:
Cobra wrote:Gap up but within yesterday's range plus it was Major Distribution Day yesterday, so NORMALLY any gap after such a day would get filled, so changes are the gap will be filled. The Global ES MAY look like a Bear Flag, not sure, as the Flag is a little bit too large.

1.png


Euro still fighting the resistance.

2.png


Hi Cobra. Thanks. However, I have different thoughts. The MDD rule is based on normal situation when VIX is not high. However, nowadays VIX is above 30, yesterday's drop barely met MDD rule and it may not signal as strong as selling strength as before.


right, I gave up any bearish call, anyway. :shock:


Thanks for your reply. But we still should give some respect to the past rule. So I will not add long here.
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Re: 10/26/2011 Intraday Watering

Postby L_T » Wed Oct 26, 2011 9:37 am

KENA: what is your downside target for your MOS short? Maybe fill the gap at $55.xx?

PS: You always seem to take positions that pique my interest. You said you have a list of stocks you watch right? Are we talking dozens or many dozens? Just curious.
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Re: 10/26/2011 Intraday Watering

Postby 99er » Wed Oct 26, 2011 9:38 am

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