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12/08/2011 Intraday Watering

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Cobra
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12/08/2011 Intraday Watering

Post by Cobra »

First of all, again, if your intention is to read my daily report, register here at intraday forum won't grant you an access at http://www.cobrasmarketview.com. You have to register there by clicking the "signup" button on the top right corner. The intraday forum will remain free but all I'm talking here would be for day trade only so if your time frame is a few days to weeks, you need subscribe at http://www.cobrasmarketview.com. Thanks.


Flat open, so any gap would be filled and the day tends to be a range day. It's still a consolidation pattern therefore bears must be prepared for the upside breakout which could be very strong. Global ES on the other hand had another failed breakout attempt, but I cannot say chart is bearish, it's also a consolidation pattern only larger. So overall, the chart pattern is not bear friendly. I'd stay on the side line for now.
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alvian33
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Re: 12/08/2011 Intraday Watering

Post by alvian33 »

this does not look bullish either...
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Al_Dente
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Re: 12/08/2011 Intraday Watering

Post by Al_Dente »

Good morning all

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On Saturday (December 10), consumers can get a 5% discount…. “ http://www.auctionbytes.com/cab/abn/y11/m12/i07/s02
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
michelangelo
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Re: 12/08/2011 Intraday Watering

Post by michelangelo »

Watching the last 30 minute candle on the DAX has been entertaining.
michelangelo
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Re: 12/08/2011 Intraday Watering

Post by michelangelo »

Good morning, all.
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Me XMan
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Re: 12/08/2011 Intraday Watering

Post by Me XMan »

Looking to cover and go long on this gap-down.
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jarbo456
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Re: 12/08/2011 Intraday Watering

Post by jarbo456 »

Cobra wrote:First of all, again, if your intention is to read my daily report, register here at intraday forum won't grant you an access at http://www.cobrasmarketview.com. You have to register there by clicking the "signup" button on the top right corner. The intraday forum will remain free but all I'm talking here would be for day trade only so if your time frame is a few days to weeks, you need subscribe at http://www.cobrasmarketview.com. Thanks.


Flat open, so any gap would be filled and the day tends to be a range day. It's still a consolidation pattern therefore bears must be prepared for the upside breakout which could be very strong. Global ES on the other hand had another failed breakout attempt, but I cannot say chart is bearish, it's also a consolidation pattern only larger. So overall, the chart pattern is not bear friendly. I'd stay on the side line for now.
don't think today is going to be a flat open. looks like we're opening at least 5-10 ES points down. over a 20 handle up and down on the es this morning.
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jynmax
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Re: 12/08/2011 Intraday Watering

Post by jynmax »

GM,i add NQ short position at 2327.25,now,i have ES(1262.50) and NQ short position and YM long position at 12094.
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jarbo456
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Re: 12/08/2011 Intraday Watering

Post by jarbo456 »

Me XMan wrote:Looking to cover and go long on this gap-down.
really? just for the dead cat bounce? we already had a V reversal premarket...can't foresee it happening with this down move.

this SHOULD be two legged at least (jesus christ, did i just say that?...bears, put your hard hats on, this is reversing). -_-
michelangelo
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Re: 12/08/2011 Intraday Watering

Post by michelangelo »

DAX completes a pattern of LL, LH, break of LL.
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knurbs
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Re: 12/08/2011 Intraday Watering

Post by knurbs »

Feels like the market may put pressure the EU by demonstrating what could happen if no Euro bond deal.
Particularly after Draghi's comments this morning...feels like a down day.
Knurbs
lqiantobe
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Re: 12/08/2011 Intraday Watering

Post by lqiantobe »

any bad news? suddenly down a lot
jimme
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Re: 12/08/2011 Intraday Watering

Post by jimme »

The dollar future /DX, on the hourly chart has stayed in it's up channel and is breaking up out of a triangle at this moment. jimme GLTA
michelangelo
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Re: 12/08/2011 Intraday Watering

Post by michelangelo »

You can use foodstamps at McDonald's and Yum Restaurants, right?
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jarbo456
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Re: 12/08/2011 Intraday Watering

Post by jarbo456 »

lqiantobe wrote:any bad news? suddenly down a lot
draghi's comments..."lending money to the IMF to buy Euro bonds is not compatible with the treaty".

no buying program...so market programs are selling. :)

you know...the usual stuff that moves the market a healthy 1.5-2% pre market.
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chocobee
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Re: 12/08/2011 Intraday Watering

Post by chocobee »

A quarter point? Are they going to fight a major war with a pocket knife? :lol:
mozart
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Re: 12/08/2011 Intraday Watering

Post by mozart »

What's going on, was away from computer and Tv, Gold and Silver dropping like a stone in water?
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quatzl
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Re: 12/08/2011 Intraday Watering

Post by quatzl »

Hopefully this gap down will bring BullBear in off the ledge. I am also missing 99'rs charts. Maybe honey just took him on an early vacation.

Anyway, good morning and good luck to all.
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JTrader
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Re: 12/08/2011 Intraday Watering

Post by JTrader »

What a roller coaster and it's not even 0930. Crazy times!
Follow my swing trades @ http://www.buysellmodel.com
jimme
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Re: 12/08/2011 Intraday Watering

Post by jimme »

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