Back to www.cobrasmarketview.com

08/23/2011 Intraday Watering

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

08/23/2011 Intraday Watering

Post by Cobra »

Another gap up but within yesterday's range so the gap may get filled. The regular hour ES still looks like a Descending Triangle while Global ES is at a key point: clearly it's a big consolidation range or Rectangle so it's more likely to continue down but it's also very possible to breakout on the upside because it keeps getting higher low and now is above the mid line of the range. So let's wait and see. Both bears and bulls need pray: may the force be with us! :mrgreen:
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.
grachu
Posts: 258
Joined: Wed Aug 03, 2011 11:55 am

Re: 08/23/2011 Intraday Watering

Post by grachu »

cobra good morning. thank u for being with us every morning.. ! :D
if we break to the upside you think this leg down is over? and are you looking at 117 . ? for the next target in the upside?
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/23/2011 Intraday Watering

Post by Cobra »

grachu wrote:cobra good morning. thank u for being with us every morning.. ! :D
if we break to the upside you think this leg down is over? and are you looking at 117 . ? for the next target in the upside?
I've marked the target on the chart.

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.
AK84
Posts: 574
Joined: Tue Feb 15, 2011 5:09 am

Re: 08/23/2011 Intraday Watering

Post by AK84 »

Morning Cobra!! Beautiful day here in New York City!
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 08/23/2011 Intraday Watering

Post by 99er »

Good Morning.

Doing the New York Times crossword puzzle again, honey?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_23.html

How do you spell "fractal"?
lazytrader
Posts: 46
Joined: Mon Jul 11, 2011 11:31 am

Re: 08/23/2011 Intraday Watering

Post by lazytrader »

Good Morning Cobra!!

Thanks for all the posts and sharing your expertise.

Did u get a chance to look at PUG's long term chart..

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

Re: 08/23/2011 Intraday Watering

Post by 99er »

Jeez!
ES http://99ercharts.blogspot.com/2011/08/es.html

How can they possibly have a zig-zag down?
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 08/23/2011 Intraday Watering

Post by cougar »

For QQQ: a 5-th day of HOD at opening?
My bet: NO!
So, this time I shall not short within the first 5 min…LOL! I'll wait for the 30 min opening range, for all indices…
===========
I have no over-night short positions for indices or deriv.
Attachments
QQQgif.GIF
AK84
Posts: 574
Joined: Tue Feb 15, 2011 5:09 am

Re: 08/23/2011 Intraday Watering

Post by AK84 »

lazytrader wrote:Good Morning Cobra!!

Thanks for all the posts and sharing your expertise.

Did u get a chance to look at PUG's long term chart..

Thanks
Can you post here please?

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

Re: 08/23/2011 Intraday Watering

Post by Cobra »

lazytrader wrote:Good Morning Cobra!!

Thanks for all the posts and sharing your expertise.

Did u get a chance to look at PUG's long term chart..

Thanks
no

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
trader0303
Posts: 58
Joined: Mon Aug 15, 2011 12:35 pm

Re: 08/23/2011 Intraday Watering

Post by trader0303 »

Morning everyone. I guess I've only looked at the regular hour ES. What is the global ES, and what is the symbol? On TS, I use @ES ....any idea what the global ES would be? I can't find it on google :D
User avatar
silicon_beaver
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: 08/23/2011 Intraday Watering

Post by silicon_beaver »

metals are in red on my watch radar.
q2model
Posts: 336
Joined: Tue Feb 15, 2011 10:54 am

Re: 08/23/2011 Intraday Watering

Post by q2model »

Today's Economic Calendar
8.45 Greenspan Speaks at Washington Convention Center
10.00 New Home Sales (est 310k saar)

New home sales: We look for new home sales to decline 0.8% m/m, to 310,000 units in July, and for months supply to tick lower to about 6.0 months as inventory levels continue to decline. New home sales have been stable in Q2 at an average of 315,000, but we expect the decline in MBA applications for purchase in June and July to move them a bit lower this month. New home sales had been range bound between 275,000 and 331,000 since last May, when the effects of government stimulus on housing activity began to wane; we look for them to remain in this range until months’ supply declines further.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/23/2011 Intraday Watering

Post by Cobra »

trader0303 wrote:Morning everyone. I guess I've only looked at the regular hour ES. What is the global ES, and what is the symbol? On TS, I use @ES ....any idea what the global ES would be? I can't find it on google :D
Global ES, I mean ES includes overnight session. Nowadays maybe watch the whole session ES makes more sense because the world economy is tied together.

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

Re: 08/23/2011 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.
User avatar
jarbo456
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 08/23/2011 Intraday Watering

Post by jarbo456 »

morning everyone. looks like gap fillage today.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 08/23/2011 Intraday Watering

Post by cougar »

GS Daily 3LB:
Attachments
GSgif.GIF
User avatar
shumushu
Posts: 315
Joined: Thu Feb 17, 2011 1:09 pm
Contact:

Re: 08/23/2011 Intraday Watering

Post by shumushu »

If the low of yesterday doesn't hold, we are going to see some serious selling this AM.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 08/23/2011 Intraday Watering

Post by cougar »

SPX weekly:
Attachments
SPXwkGIF.GIF
Tabby
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 08/23/2011 Intraday Watering

Post by Tabby »

cougar wrote:GS Daily 3LB:
Yeah, GS is in trouble. Blankfein needs to cough up some mulla to get out. Off topic, S& P president resigning by the end of year.
Post Reply