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09/23/2011 Intraday Watering

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Cobra
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09/23/2011 Intraday Watering

Post by Cobra »

Gap down open but within yesterday's range plus statistically, the next day to a Major Distribution day, most gaps, if not all, get filled the same day and the day tends to be a small range day (since nowadays the volatility is high, so small range day probably means +/- 10 ES points day) so my guess is the gap may get filled and we may have a range day today.

The Global ES is at a key point, because it can be seen as back test of the previous low therefore if cannot breakdown decisively then chances are the low was in for at least this round of selling. Let's see.
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chickencoop
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Re: 09/23/2011 Intraday Watering

Post by chickencoop »

morning, Cobra Laoda and everyone.
wayne0708
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Re: 09/23/2011 Intraday Watering

Post by wayne0708 »

Thanks for your pre-market update. You got me hook with your analysis.
alvian33
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Re: 09/23/2011 Intraday Watering

Post by alvian33 »

Cobra, you mean nowadays 10 points move in 1 min :) :lol:
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oldpigwang
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Re: 09/23/2011 Intraday Watering

Post by oldpigwang »

GM
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Rocket_Man88
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Re: 09/23/2011 Intraday Watering

Post by Rocket_Man88 »

Thanks for all your efforts, Cobra. You do a great job. :D
hdenandy
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Re: 09/23/2011 Intraday Watering

Post by hdenandy »

Good morning to all (although its afternoon here in the UK).

Took a long position on the Dow about an hour ago at 10590 at £10 per point.

Looking good so far !
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shumushu
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Re: 09/23/2011 Intraday Watering

Post by shumushu »

lol small range day = +-10es ahha
AK84
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Re: 09/23/2011 Intraday Watering

Post by AK84 »

Cobra,

Fantastic report last night!
agnosia
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Re: 09/23/2011 Intraday Watering

Post by agnosia »

bear flag breakdown on /es this morning and the calculated move was down to 1102. i went long 1110.. i think the bottom is in for now.. lots of nervous short sellers covering with huge spikes.. i am done for the day, been up since 5am :)
ClarkW
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Re: 09/23/2011 Intraday Watering

Post by ClarkW »

AK84 wrote:Cobra,

Fantastic report last night!
Agree, outstanding Cobra. I'm amazed! Where do you find the time???
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BullBear52x
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Re: 09/23/2011 Intraday Watering

Post by BullBear52x »

GM,
I see sideways to down since over night got smack back down.
My comments are for entertainment/educational purpose only. NOT a trade advice.
ultramarine
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Re: 09/23/2011 Intraday Watering

Post by ultramarine »

Good morning, Cobra Nation!

Thanks for all the work you do, Cobra. I'm guessing 112 holds here and we make a few attempts to move higher. Hard to say if a rally would succeed.
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KENA
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Re: 09/23/2011 Intraday Watering

Post by KENA »

agnosia wrote:bear flag breakdown on /es this morning and the calculated move was down to 1102. i went long 1110.. i think the bottom is in for now.. lots of nervous short sellers covering with huge spikes.. i am done for the day, been up since 5am :)
5 AM is not that bad..I get up at 4:30 AM every day.Lets have good trading today.
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Cobra
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Re: 09/23/2011 Intraday Watering

Post by Cobra »

AK84 wrote:Cobra,

Fantastic report last night!
usually, when I show lots of charts and people are happy with my long report, such a report most likely is wrong. So accordingly, the correct forecast should be: no rebound but the low was in. :roll: 8-) :lol:

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Cobra
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Re: 09/23/2011 Intraday Watering

Post by Cobra »

ultramarine wrote:Good morning, Cobra Nation!

Thanks for all the work you do, Cobra. I'm guessing 112 holds here and we make a few attempts to move higher. Hard to say if a rally would succeed.
overnight high usually is the rebound target.

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davros
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Re: 09/23/2011 Intraday Watering

Post by davros »

1123-25 on es is broken support now resistance
cougar
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Re: 09/23/2011 Intraday Watering

Post by cougar »

VIX 130 min - a continuation of a weekend chart.
The blue zone BUY signal (ellipses under the acceleration band) worked for a 4th time.
Target now ~45. Following calls with a loose trailing stop.
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