08/11/2011 Intraday Watering

[Cobra]

Flat open, so any gap will be filled and usually the day after a Major Distribution is a small range day (I know this "USUALLY" doesn't work anymore). I don't see anything special worth blah blah on Global ES, could retest the previous low or attempt the previous high, either way, I think we shall be in a range for awhile.

[AK84]

Good Morning Cobra!

[scottzman]

good morning all

[alvian33]

insane market moves. cobra are you still inclined towards a bullish side for short term?

[Cobra]

insane market moves. cobra are you still inclined towards a bullish side for short term?

Yes, I think the market may take a breath here.

[proteus46]

Good Morning, the charts for FAZ, Financial 3X bear ETF, shows how it's range bound between 161.8 and 100.0 Fibonacci lines.
Manipulation by computer algorithms? One chart is Daily the other 15 Minute.

[wxtrader001]

Mr Cobra, http://www.ht9mirror0.net may be not available today.

[Cobra]

the open.

[Cobra]

Mr Cobra, http://www.ht9mirror0.net may be not available today.

I can see it. You mean blocked by China again?

[silicon_beaver]

Everyone GM!

[silicon_beaver]

H-m-m,
stock green, silver/metal red once more.

[uempel]

General view SPX, resistance is the black channel at 1137, very strong resistance up at 1170 (not visible on this chart, I'll show the other chart later on):

[Alpha_M]

Good Morning to everyone from Toronto, Canada!!!

Cobra,
Hope you are doing well. Given the crazy rally we have had in Gold, do you think it would be a good time to have a small short position in one of the gold etf indexes in the near short term? I know that Gold is bullish on the long term but I feel that it is way overbought after the crazy volatile markets and the fact that even a cab driver who was telling me this morning that he was going to buy gold is a little disconcerting . Also with the CME raising margin requirements by 22% do you think we could see some sort of a 3-5% correction on Gold similar to what had happened to silver when it was overbought and margin requirements were raised?

I am not a charting god, so I am just shopping for opinions right now from you or the other experienced folks in the forum. Any feedback would be really appreciated. Thanks and good luck.

[newbie_77]

good morning cobra and everyone....

thank you once again to everyone for making this site so lively. i am learning a lot about charts

[Cobra]

nothing to say, except given by very high MACD HIST, I don't think the rally would go too far, we'll see.

[soku]

cobra, how u read the dip early today? is it a revisit to previous low and got support at 1100 or a new attempt which may lead to lower lows?

i am sitting on hand again. damn this market is boring. if u don't trade overnight, u don't get much. i think high 1130 to low 1140 area is the equilibrium. we need new force to form a new direction for today

[Me XMan]

To all friendly Canadians here, what do you think of Canada real estate market?
Is it in the bubble and ready to bust? I've been reading this dude's blog and he's warning for a long time.
http://www.greaterfool.ca/

[wxtrader001]

Mr Cobra, http://www.ht9mirror0.net may be not available today.

I can see it. You mean blocked by China again?

yes，right

[BullBear52x]

This sub marine need some air

[KENA]

I knew there was a reason I did not buy SODA again.Dn today $19.00+.I don't usually buy near earnings report.Another lesson.