Back to www.cobrasmarketview.com

04/04/2011 Intraday Watering

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

04/04/2011 Intraday Watering

Post by Cobra »

Small gap up within the Friday's range so the gap should be filled and the day likely be a range day. As mentioned in the weekend report, I expect the Friday's high to be revisited today and if the high is decisively broken, then bulls are invincible otherwise there's chance that we may see a 2 legged pullback.

I have to drive my father to see doctor, so I'll stop watering around 10:30am ET and be back, I don't konw, 1:00pm ET?
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.
q2model
Posts: 336
Joined: Tue Feb 15, 2011 10:54 am

Re: 04/04/2011 Intraday Watering

Post by q2model »

Cobra wrote:Small gap up within the Friday's range so the gap should be filled and the day likely be a range day. As mentioned in the weekend report, I expect the Friday's high to be revisited today and if the high is decisively broken, then bulls are invincible otherwise there's chance that we may see a 2 legged pullback.

I have to drive my father to see doctor, so I'll stop watering around 10:30am ET and be back, I don't konw, 1:00pm ET?
You are a such good son!
chickencoop
Posts: 150
Joined: Mon Feb 14, 2011 11:45 am

Re: 04/04/2011 Intraday Watering

Post by chickencoop »

good morning! best wishes to the hospital trip.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/04/2011 Intraday Watering

Post by Cobra »

AUDJPY had a incredible run but now should due for a rest so the market may take a breath as well. That's my guess.
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
amalgamator
Posts: 24
Joined: Fri Mar 25, 2011 9:08 am
Contact:

Re: 04/04/2011 Intraday Watering

Post by amalgamator »

Morning all, been busy making this, some stat/patt for the longer term.
Dow Jones Solar Cycles.PNG
Tabby
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 04/04/2011 Intraday Watering

Post by Tabby »

I hope that nothing serious. You mentioned on friday that you were taking him to Dr. My prayer with him. Thanks taking the time from your busy life to update.
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 04/04/2011 Intraday Watering

Post by 99er »

User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 04/04/2011 Intraday Watering

Post by 99er »

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

Re: 04/04/2011 Intraday Watering

Post by Cobra »

Tabby wrote:I hope that nothing serious. You mentioned on friday that you were taking him to Dr. My prayer with him. Thanks taking the time from your busy life to update.
Thanks, nothing serious. It's just diabetes. Needs to see doctor regularly,

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.
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 04/04/2011 Intraday Watering

Post by uempel »

My chart for the first hour:
Monday.png
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/04/2011 Intraday Watering

Post by Cobra »

The open.
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.
maldini
Posts: 135
Joined: Mon Feb 14, 2011 1:12 pm

Re: 04/04/2011 Intraday Watering

Post by maldini »

Bless your dad!
take care!!
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/04/2011 Intraday Watering

Post by cletus »

Most important thing I'm watching today is that the S&P make new highs and the Dow & S&P do not close at new highs. This would be double confirmation of failure of both indexes to hold new highs at the close, could be bearish if it materializes. The Dow failed to close at new highs last week.
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 04/04/2011 Intraday Watering

Post by uempel »

[quote="amalgamator"]Morning all, been busy making this, some stat/patt for the longer term.

Very long term momentum is also pointing upwards (which doesn't mean that market can't correct 10 or 20%).
FJoe
Posts: 78
Joined: Fri Mar 11, 2011 10:40 am

Re: 04/04/2011 Intraday Watering

Post by FJoe »

From the closing low on 3/16 to to the close on 4/1, AFTER the 9:30 EST open...the S&P futures have tacked on a whopping 4 points...meaning 73 of the 77 points gained have been made in the overnight session.

I have no idea, but that doesn't seem healthy.
FJoe
Posts: 78
Joined: Fri Mar 11, 2011 10:40 am

Re: 04/04/2011 Intraday Watering

Post by FJoe »

Also, the $DJT (Transports) have been the leader in this rally and are lagging all the indices today.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/04/2011 Intraday Watering

Post by Cobra »

FJoe wrote:From the closing low on 3/16 to to the close on 4/1, AFTER the 9:30 EST open...the S&P futures have tacked on a whopping 4 points...meaning 73 of the 77 points gained have been made in the overnight session.

I have no idea, but that doesn't seem healthy.
It's been like this for long long time. This market is not for guys who think much. All you need are imagination and believe "YES WE CAN". :mrgreen:

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.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/04/2011 Intraday Watering

Post by cletus »

VIX moving higher here, watching for the first "yellow bar" (declining volume > advancing volume) to indicate that a major pullback is in progress, none yet
Attachments
Untitled.png
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 04/04/2011 Intraday Watering

Post by uempel »

This is a close-up of the chart I posted at the opening, MA 33 and Fib Fans give good signals:
Support.png
Why MA 33 on the hourly? Because the trading week has 32.5 hours. Works just fine (as you can see), for the 30 minute chart use 65, for the 10 minute use 195...
Last edited by uempel on Mon Apr 04, 2011 10:13 am, edited 1 time in total.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/04/2011 Intraday Watering

Post by Cobra »

Judging by pink and green, bears have edges today but I dare not to say this anymore because for so many times the 10:30 weakness was being bought. Let's see.
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.
Post Reply