09/27/2011 Intraday Watering

[Cobra]

the open, it's way too stretched, so should be a pullback or consolidation here.

[soku]

can someone explain to me how we are just magically getting through all of these strong resistance areas like they don't exist? this smells to me like end of quarter/month window dressing.

remember last week, i was asking where the money from gold and silver go? i guess they went to eur since yesterday. european market is super strong. we have to follow suit.

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/09/copper_27.html
Crude http://99ercharts.blogspot.com/2011/09/crude_27.html

[jarbo456]

guess i'm going to have to hold tight and just wait for a reversal. sort of stuck in some shorts unfortunately. things are looking quite stretched, even on the larger time frames - hourly. 4-hours and daily things still look bearish, so that's ok. i imagine a break in this levitation within the next 12 hours.

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/09/gold_27.html
Silver http://99ercharts.blogspot.com/2011/09/silver_27.html

[rocstocktrader]

Another gap for the Nasdaq Composite. This time a gap up measuring down to 2,519. http://rocmarketdashboard.webs.com/

[agnosia]

remember last week, i was asking where the money from gold and silver go? i guess they went to eur since yesterday. european market is super strong. we have to follow suit.

yeah i guess some people have inside info because the euro deal has not even been passed or agreed on. i also see money flowing out of bonds as well as the precious metals. yep, i guess it's best to play along

[luckystar2006]

I believe that this rally is going to last until the end of the week before any meaningful pull back. As for right now, there isn't any indication of this rallying going to die soon (maybe a small pull back here and there).

[Al_Dente]

Bonds TLT and dollar UUP big red spikes/gaps on open
So they are calling the shots here for bull SPY???

[cougar]

Hello 99er! Nice charts!
Missed your contributions during the weekend ...

[rpccharts]

Updates

Gold http://99ercharts.blogspot.com/2011/09/gold_27.html
Silver http://99ercharts.blogspot.com/2011/09/silver_27.html

Silver backtesting massive downdraft in May - Huge overhead supply

[fehro]

try again?.. a more complex H&S? ... complete with window dressing!

[Rezito]

The markets and metals have been extremely oversold since Friday. The dollar and bonds were very overbought so this shouldn't be a surprise. It's not because of the European gov'ts promising a deal, it's all about market psychology.

[lumeipro]

Hi Cobra,

What is your target for this up move?

Thanks,

Lumeipro

[Mr. T]

It used to be stairs on the way up, and window on the way down.......


Now you can jump out the window on ground floor and somehow end up on the roof?

[Al_Dente]

SLV testing gap of 9/23
FCX filled gap this morn
GLD/DGP has a way to go to reach gap

[99er]

Honey...
SPX http://99ercharts.blogspot.com/2011/09/spx_27.html

Heard there's a beach in Paris.

[lumeipro]

if we have a doji today. will jump the gun and short.

[99er]

SPX
http://99ercharts.blogspot.com/2011/09/spx_2207.html

Surf's Up!

[Cobra]

tinted area as OR breakout target, 75% chances.