10/31/2011 Intraday Watering

Post by **Cobra** » Mon Oct 31, 2011 9:09 am

Big gap down below Friday's range so chances are the gap won't be filled. Not much damage on Global ES though, still looks pretty much a Bull Flag, so bears need push hard today.

Will bear push hard this time? I guess so, see chart below, this is the 5th time bears trying to push the price down below EMA20, so the odds are high that this time is different.

chodaboy19 · Post by **chodaboy19** » Mon Oct 31, 2011 9:18 am

Happy Halloween!

99er · Post by **99er** » Mon Oct 31, 2011 9:20 am

Good Morning.

EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_31.html
ES http://99ercharts.blogspot.com/2011/10/es_31.html
Copper http://99ercharts.blogspot.com/2011/10/copper_31.html

"Boo."

GLTA.

rocstocktrader · Post by **rocstocktrader** » Mon Oct 31, 2011 9:23 am

Stock market videos:

“Options Trader Reviews Market Trend And Tells How To Attack The Market”

“European Leaders Change The Tends Of Gold, Stocks & Bonds - Lets Take Action”

It can be found on the right sidebar under Tools-Free Trading Videos1

http://stk.ly/qYFCaS

cougar · Post by **cougar** » Mon Oct 31, 2011 9:24 am

Good morning Cobra!
I think today is an important day, since the 6/8 MM level stopped SPX efficiently and now we should see how strong the down-correction is…

stocksage · Post by **stocksage** » Mon Oct 31, 2011 9:24 am

Covered my ES shorts from Friday at 1266. Thank you Mr. Market. Have a good day!

Al_Dente · Post by **Al_Dente** » Mon Oct 31, 2011 9:32 am

Happy Halloween all
EU crisis updated, with Italy the next domino…. also, check zh pre-open for Euro and Italy implosion
http://www.nytimes.com/interactive/busi ... &emc=tha22

Kool-aid: Barton Biggs on Bloombrg pre-open. October switcheroo. Was short… then flat… now 80% long (loves tech)… “A girl has the right to change her mind.”

Post by **Cobra** » Mon Oct 31, 2011 9:32 am

the open, a little stretched, so should be a rebound of some kind here.

pady · Post by **pady** » Mon Oct 31, 2011 9:40 am

Not sure if I posted this here..comparing 2008 vs 2011 around the 200SMA weekly...so similar...

http://4.bp.blogspot.com/-CNjkqzNCcMg/T ... 1_2011.png

Al_Dente · Post by **Al_Dente** » Mon Oct 31, 2011 9:41 am

NYDEC decliners at >2300 right out of the open
This is not a koala; potential grizzly today

[yesterday’s ruh ro] “U.S. Is Planning Buildup in Gulf After Iraq Exit. The Pentagon is drawing up plans…”
http://www.nytimes.com/2011/10/30/world ... s&emc=tha2

cougar · Post by **cougar** » Mon Oct 31, 2011 9:47 am

SPY intra-day first support now could be ~ 126.5

Grizzly · Post by **Grizzly** » Mon Oct 31, 2011 9:48 am

Oct. PMI = 58.4 vs. Sept = 60.4

grachu · Post by **grachu** » Mon Oct 31, 2011 9:50 am

cobra good morning. could we experiencing the small pullback of one day , higher high tomorrow and then the bigger pullback ?

soku · Post by **soku** » Mon Oct 31, 2011 9:55 am

rumor at this moment. pmi maybe better than exp
mf trades halt.

pady · Post by **pady** » Mon Oct 31, 2011 9:57 am

The abc count seems about done. a=1292-1277, b=1277-1287, c=1287-1266 ( c > a but c < 1.62*a=1261 ). There could be more down too since this impulse 5 wave down might not be done.

Al_Dente · Post by **Al_Dente** » Mon Oct 31, 2011 10:02 am

Intraday Internals
NYDEC hit 2400
VIX close friday 24.53 was the first close below 25 since 3 Aug…. VIX is now back to ~27
[chart edited to red arrows, not green] http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

“I’m a fruitarian, and I will only eat leaves picked by virgins in the moonlight.” [20-year old Steve Jobs to his mom, while working in his garage with Woz on their first Apple, 1975]

Post by **Cobra** » Mon Oct 31, 2011 10:05 am

OR, let's wait for breakout, so far bears are attacking. Interesting it's very quiet today... where is everyone?

99er · Post by **99er** » Mon Oct 31, 2011 10:06 am

So honey...
SPX http://99ercharts.blogspot.com/2011/10/spx_31.html

What do you want for lunch?

janez · Post by **janez** » Mon Oct 31, 2011 10:07 am

Cobra wrote:OR, let's wait for breakout, so far bears are attacking. Interesting it's very quiet today... where is everyone?

oh, we are here trying to decide where to clear all our shorts or keep them a little longer.

noob · Post by **noob** » Mon Oct 31, 2011 10:07 am

Everyone is hanging over from the weekend

This is a buyable drop?

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10/31/2011 Intraday Watering

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