08/18/2011 Intraday Watering

[KENA]

Cramer...Cramer...

An on-air debate between CNBC's Jim Cramer and Simon Hobbs over European banks gets testy. Cramer said traders have to consider the possibility that this is a Lehman moment, and Hobbs cried foul, arguing that even the suggestion of a Lehman moment could cause markets to convulse. Hobbs to Cramer: "You told people to buy Bear Stearns!"

Cramer may be right some of the time..I just don't like his style.I turn him off when he comes on.

[Cobra]

15 min chart should be clearly a Bear Flag.

[alvian33]

what if we break to the upside, how far would be the target?

[soku]

more reading of the market: es 1135-1145 area was the last heavily traded area. if bulls cannot hold here, we could see spike to at least 1110.

it seems to me, this reading is fine. es is forming a rectangle in 1135-1145 area at this moment.
any body sharing anything? your reading, your thoughts, your pick? story from last night? anything, everything.

Forming a wedge now? More downside on the way I think....

if u ignore the lower shadow to 1130 but connect to the close before that bar, and considering current movement, then it is roughly a rec.
sorry cannot post chart today. bear in mind, rec break out is way stronger than wedge. (i am a little bit wishfully thinking here)

[Cobra]

Cobra, do you consider this the first rebound or the 2nd rebound since the low right after 10:10 EST, with the first rebound stopping at 10:30 ESt...or was that too short

Thanks

1st rebound

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/08/copper_18.html
Crude http://99ercharts.blogspot.com/2011/08/crude_18.html

[uempel]

Seeking more convincing support levels...

[George H]

Cobra, do you consider this the first rebound or the 2nd rebound since the low right after 10:10 EST, with the first rebound stopping at 10:30 ESt...or was that too short

Thanks

1st rebound

Low is in for today?

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold_18.html
Silver http://99ercharts.blogspot.com/2011/08/silver_18.html

[99er]

So honey...what's for lunch?
AUDJPY http://99ercharts.blogspot.com/2011/08/audjpy_18.html

Blood sausages?

[debossman08]

Does this look like alternating Red then Green days again like last week?

[Me XMan]

SPX 1050 is about right...

Seeking more convincing support levels...

SPX8.png

[Cobra]

Cobra, do you consider this the first rebound or the 2nd rebound since the low right after 10:10 EST, with the first rebound stopping at 10:30 ESt...or was that too short

Thanks

1st rebound

Low is in for today?

unlikely, there're always exceptions though.

[Anaconda]

So honey...what's for lunch?
AUDJPY http://99ercharts.blogspot.com/2011/08/audjpy_18.html

Blood sausages?

...made with Kangaroo meat and a Fosters to drink.

[99er]

So when do you want them?
SPX http://99ercharts.blogspot.com/2011/08/spx_8743.html

Oh...just about now.

[Anaconda]

Next leg down coming... Look at ChiOsc.

[agnosia]

is it me or has this market been in slow motion for the past hour or so.. it's putting me to sleep. especially /cl, range of .20c

[99er]

Anaconda

All served by an Aussie surfer chick.

http://likespor.net/wp-content/uploads/ ... more-9.jpg

Or the World's number two...

http://resources3.news.com.au/images/20 ... gibbon.jpg

[Anaconda]

Anaconda

All served by an Aussie surfer chick.

http://likespor.net/wp-content/uploads/ ... more-9.jpg

Laavely, mate!

[soku]

more reading of the market: es 1135-1145 area was the last heavily traded area. if bulls cannot hold here, we could see spike to at least 1110.

it seems to me, this reading is fine. es is forming a rectangle in 1135-1145 area at this moment.
any body sharing anything? your reading, your thoughts, your pick? story from last night? anything, everything.

i have been waiting for a bo for ages. i don't think 1147.5 on es is real. we may have to wait for another while. if b-o to the upside, my target is still 1455.
so boring. i am keeping on requesting people to share. it seems ...