10/17/2011 Intraday Watering

[tdo722]

61.8% retracement to the recent low of ES 1185 has been reached. who's betting it's gonna turn around at 61.8%?

My god, it did turn around at 61.8%. Let's see if it follows through. Will update with eur, crude, copper

Copper is leading the rebound and so far it's in a uptrend now since 9:55AM

Crude and Eur has now joined copper in the rebound camp. Looks like SPY is also rebounding quite well. Seems heavy resistance at 1212-1213.

Crude is shooting up like a rocket.

[Dow Trader]

Eur/usd here is a lead, a turn? looks as so

This was my comment in Cobra trading signal report Friday's night and look what happened then
this is daily chart

[stockcycle]

Seems Bulls are resilience. If they can manage the close above 1217 then could be not good for Bears the next day.

[BullBear52x]

UNG 8.88 is a stop for whoever trade it with me.

[tdo722]

61.8% retracement to the recent low of ES 1185 has been reached. who's betting it's gonna turn around at 61.8%?

My god, it did turn around at 61.8%. Let's see if it follows through. Will update with eur, crude, copper

Copper is leading the rebound and so far it's in a uptrend now since 9:55AM

Crude and Eur has now joined copper in the rebound camp. Looks like SPY is also rebounding quite well. Seems heavy resistance at 1212-1213.

Crude is shooting up like a rocket.

bought 1000 shares SSO at 43.466.

[BullBear52x]

Eur/usd here is a lead, a turn? looks as so

This was my comment in Cobra trading signal report Friday's night and look what happened then
this is daily chart

Thanks, right now eur/usd working like a charm, it won't be long before it will not working again. Bank/big corp can not making money from carry trade forever.

[coralla]

Cobra,it seems that the 2nd leg is higher than 1st leg. Is it normal? Or it alerts a reversal may be near?

[Cobra]

L2 (or L1) on EMA20, bear flag broken, let's see if this kicks off the 2nd leg down.

[silicon_beaver]

Cobra,it seems that the 2nd leg is higher than 1st leg. Is it normal? Or it alerts a reversal may be near?

It's in the 2nd leg. the 2nd leg is not done yet. I believe so.

[SB73]

The German DAX finally gets a big red candlestick.

Bearish engulfing

[agnosia]

i see mini inverted h&s on /es . null and void if 1205 taken out though.

[Al_Dente]

NYDEC 2286 bear is back
TICK still bear all morn

[Algyros]

Cobra, do you have a target for the second leg down?

[BullBear52x]

IWM new LOD,

[pady]

To 121.6 to complete Wave 2 ??? Then the big drop...

[jarbo456]

let's have a decisive break of 120.87 so we can negate any double bottom action. -_-

[soku]

it's just like a sling shot. if the upside cannot even touch the min level of 1210, the downside from ta will not be big either.
since i don't expect any excitement this afternoon, i'd better sleep now.

[silicon_beaver]

"W" bottom or lower 2nd leg?

[rocstocktrader]

Nasdaq Composite just closed gap up at 2,629. Gap ups at 2,587 and 2,512 still open.

http://stk.ly/qYFCaS

[BullBear52x]

We are approaching low of day see IWM/SPY here.