09/28/2011 Intraday Watering

[rpccharts]

ES range estimate is 1167-1195. Once the move to 1252 is complete the drop to 950 to resume.

[agnosia]

?double top breakdown in /cl? . neckline is 82.80, targeting 81.5

[agnosia]

?double top breakdown in /cl? . neckline is 82.80, targeting 81.5

shorting the breakdown.. stop at 83

[tapesense]

Looking for S&P end of day move from yesterday to duplicate up or down..

[KENA]

What a false pop up. some one must have donated $ 5.00 to the EURO fund.So the mkt took off.Ha

[shumushu]

?double top breakdown in /cl? . neckline is 82.80, targeting 81.5

shorting the breakdown.. stop at 83

looks like it wants to fill the gap, at least partially.

[pady]

117.40 and then 116.89 crucial.

[Al_Dente]

PAGING varaamo

[agnosia]

looks like it wants to fill the gap, at least partially.

maybe but i don't think it will get down that far today. 81.80 weekly pivot or 81.50 should hold for today.

[janez]

long a bit SINA.

[SB73]

Another 68% retrace of the down move. Folks we are dealing with a series of ABC moves. My gut says stick with Cobra and a breakdown is upon us.

[HappyFriday]

Long GLD here

[Petsamo]

FCX looks like it has a bottom.

[agnosia]

covering here . don't think we're gonna breakdown with the /es flat.

[SB73]

covering here . don't think we're gonna breakdown with the /es flat.

Triangle on the 5min chart for today...should continue down

[SB73]

covering here . don't think we're gonna breakdown with the /es flat.

Triangle on the 5min chart for today...should continue down

Breakdown target 1159

[foakdoordoor]

kena, i have been to guangzhou. it is a tier 1.5 city in china. beijing and shanghai are in their own class, pretty much like dc and nyc. guangzhou is the 3rd largest, way bigger than others, but not quite the same kind as the big 2. it is dirtier, roads crazier, more dangerous. it is in the south china, warm, humid like miami. foods are close to the chinese restaurants here. there are lots of colleges there.
most locals are not very "friendly" to people not speaking local language. (color doesn't matter. i saw obama's brother there couple months ago.) if going out in night, stay in groups. (u cannot tell a college boy not to go out )

Thanks for the info.

It is the best to have a local tour guide, however, since Guangzhou is an international city with more than 8 million population, one may find foreigner easily. It was said that up to 200,000 from africa to live or do business there. You may compare Guangzhou with Hong Kong as Philadelphia with New York City. Local Food is famous (Cantonese Food) but a bit light taste. One may find food from India as well as Arab, Korea, Japan etc. For western food one has to visit restaurant in hotel. Of couse there are KFC, McDonald, PizzaHut, Starbuck Coffee in the city as well.

As for sight scene, I am a bit picky, I would recommend take a tour boat at night to view both side of the river. There is a museum used to be a king's tomb about 2100 years ago if one is interested in ancient stuff. Local Guangzhou people speak Cantonese dialect in the same way as Hong Kong people speak. English is taught in high school so young people more or less can speak a little bit English if they are not too nervous.

Old CBD was in Beijing Road, nowadays it is in Tianhe disctrict.

There is a subway system and very convenient bus system if you know where you want to go. Bus fare is about ￥2 RMB ($0.3 USD) each way while subway fare is distance dependent. Taxi started with ￥7，with ￥1 fuel charge. 5 km /3 miles will be about ￥20 ($3.25）One may find these information from the web.

[BullBear52x]

Hmmm. Cobra sick with minimum movement so's the market.

Yawn..........

[uempel]

Close up of long term chart. There is a pivot up there, way out of the chart, timewise on the 4th of July (!!). I guess the direct line from pivot to where SPX is now is too strong for an immediate breakthrough - a brekthrough would need some major news story...

Not sure if this is of interest here: the last such "major pivot" was on April 10th 2009 - that was 1 month after the 2009 low.

[shumushu]

Descending triangle. If we do break down which it looks like we are. (Need to make a new daily low to confirm) 115.38 on the SPY. Crude and russels confirming. Bond not.