08/03/2011 Intraday Watering

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/08/copper_03.html
Crude http://99ercharts.blogspot.com/2011/08/crude_03.html

[Cobra]

L2 at EMA20, but I don't believe this L2 is short, the rebound might not be over yet. we'll see.

[BullBear52x]

Updates

Copper http://99ercharts.blogspot.com/2011/08/copper_03.html
Crude http://99ercharts.blogspot.com/2011/08/crude_03.html

Thx 99er, everyone looking at Gold and Silver, I look at copper for another corner of economy's health

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold_03.html
Silver http://99ercharts.blogspot.com/2011/08/silver_03.html

Break outs both.

[dmid]

Cobra, do you think the bottom is in for today?

[KENA]

I'm out short but not buying in long just yet

[soku]

if es fails to take 1248.75, we will see a consolidation in 1243-1248 area for a while.
i think the roller coaster is over.

[Cobra]

Cobra, do you think the bottom is in for today?

short-term bottom maybe. Need see how the morning low gets retested to confirm my guess.

[ddd]

I think a short term low is in today as I see a clear 5 wave rebound. There should be at least one more 5 wave up after consolidation here.

[Cobra]

not a good looking bar, especially if it gets confirmed the next bar, then the revisit to the morning low shall begin.

[soku]

sex addicted italian pm berlusconi is on!

http://www.zerohedge.com/news/watch-ber ... ament-live

[Ninja Trader]

Hi all, I just signed up for intra-day today, hope to start making regular comments here. Cobra has my favorite tech blog on the web, I sometimes post as Guest11235 in his after hours posts but would like to be active here during the day when I have time. anyway, thanks for letting me in Cobra, and than you for your awesome site.

@cougar,

thanks for your effort on the wave count but I'm not sure your labels are correct

Where you have your yellow 5 marked that would appear to be a three wave move or corrective, same thing on your purple 1 down, that does not appear to be a five wave move at various degrees of trend from what I can see and so I do not think the 1-2-3 count will prove correct, but time will tell

good luck to you

[BullBear52x]

Not ringing a bulls bell, but no intraday Neg d, so new HOD will be challenge, a comfy bears selling at 200ma 1min chart that's all.

[99er]

DX
Dollar gets a bid.
http://99ercharts.blogspot.com/2011/08/dx_03.html
And a MACD cross.

[oldpigwang]

Cobra: short here?

[wishful]

anyone notice today's low is 1234.56? I cannot believe if it is co-incidant

[coolwenwen]

I see a bull flag on 5min, should see how it evolves.

[KENA]

Long NFLX a few min ago. Lets see.

[99er]

Dead end.
SPX http://99ercharts.blogspot.com/2011/08/spx_7873.html
U-turn.

[AK84]

Long NFLX a few min ago. Lets see.

i got long nflx today. 251 was a great spot to buy but i obviously bought higher