11/04/2011 Intraday Watering

[Cobra]

Small gap down within yesterday's range plus NFP day suppose to open low go higher so chances are the gap will be filled. I bet people would aggressively buy this dip. Let's see. (again don't trade on this kind of statistics nonsense. Trade only on patterns only!)

Global ES looks ambiguous, so no comments, I'll take a little bullish bias at the very beginning, as I do believe people cannot wait to buy this dip, then we'll see.

[grachu]

your funny... you are right on... !!!!

[noob]

Morning Cobra, statistics doesn't work these days. We had local top at MAD and local bottom at MDD... Crazy Market!

[99er]

Good Morning.

So honey, it's Friday. What should we do this weekend?
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_04.html

Occupy The Beach?

[99er]

Now why would you want to do that?
ES http://99ercharts.blogspot.com/2011/11/es_04.html

Take a guess.

[99er]

So what does Dr. Copper suggest?
HG http://99ercharts.blogspot.com/2011/11/copper_04.html

"Start the car."

TGIF and GLTA.

[grachu]

cobra could you tell me where to read to understand your postings on H2 L1/ short long / postings. Sorry I am new I will ask one time thank u

[rhight]

Good morning Cobra and all,
Yesterday I said, "think it is reasonable to consider that the intermediate uptrend (4 week) during October has ended, and an intermediate downtrend will ensue."
After looking more closely, I have to say that the intermediate uptrend is still intact.

Although, I'm not convinced that we will see a higher high. If we do, it could be constrained by the down trend line from the July high, combined with the 200 DMA (again). One thing I'm looking at is the weak TICK, that has been in a downtrend even as price has climbed over the past two days. This is consistent with a top being formed.

[flight23]

Not my chart. Resistance at 126, supports at 125 and just below.
http://chart.ly/qf29p6q

[cougar]

Good morning!
Yesterday, QQQ was performing well but, altogether, there was only a minor “continuation buy” signal for NDX.
Compare this one with the clear STRONG BUY on Oct. 05.

[Cobra]

cobra could you tell me where to read to understand your postings on H2 L1/ short long / postings. Sorry I am new I will ask one time thank u

Go to "Getting Started" forum in this board.

[Petsamo]

The DAX has a decent size red candlestick. The Hang Seng & India sold off some from their open. I really hope US do not force the DAX into making a higher high.

[cougar]

UPRO yesterday was clean and strong. But today = good haircut in the pre-market.
Strong support in the 59 zone

[flight23]

Plunging German manufacturing chart by zerohedge:
http://www.zerohedge.com/sites/default/ ... Orders.jpg

BTW for those that trade options OptionRadar on Twitter seems to be solid. He has a pay service but I havent done it and dont know how good it is. Gtotoy seems decent also. Both give setups/trade ideas to look at for free on Twitter though.

[cougar]

VIX support seems to work here:

[Cobra]

the open.

[rhight]

This is the TICK screen I'm looking at. Admittedly, TICK looks different depending on time frame and MA used (I use several). This is 4 MA of the 60 min closing TICK. Comments welcome.

[ocassional observer]

the 2 weeks ma of the oex 100 p\c ratio has yesterday reached a level not seen since may. these guys are selling the rally hard.

[Al_Dente]

wow
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

[Almo99]

your funny... you are right on... !!!!

Hey Grachu,

Is that you from BC? If so, welcome aboard.