11/09/2011 Intraday Watering

[Cobra]

Huge gap down below yesterday's range, so chances are the gap won't be filled, especially we had a sharp intraday reversal for 3 days in a row, I think odds are much lower yet another intraday reversal.

Global ES is clearly a Rising Wedge breakdown. So much overlaps on the 2nd attempt to revisit the 10/27 highs, therefore still looks toppy to me even once again we manage another sharp intraday reversal and eventually tests the 10/27 highs, that'd be the 3rd leg up to on 60 min chart to test the previous high, 3 legs, guys, 3 legs just to test the previous high, can you believe that?

[noob]

Morning Cobra! Time to short every pop!

[agnosia]

good morning guys. thanks for the insight cobra. i think our little bull run is over for now. i am leaning bearish. would like to see 1234.5 taken our before going short. 20sma is support for /es now @ 1237.5

crude broke through its 200sma and quickly regained it. i went long when we came back up over 95.10. good level to trade against.

[Al_Dente]

Morning Boss
What’s up board ?
mmmm … GLD in the pre-market, the land of the P-Bar
Italy toast
http://www.youtube.com/watch?v=lSj9IdwL ... re=related

[alphahorn]

the wave count I've been on expected a gap down, for it to be ultimately correct the indexes need to take out their September lows:

[jarbo456]

http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND

enough said.

can we kick Silvio out again and see if it works?

[EvilTrader]

Yeah.

Seems like God will reward me with dollars for the heavy shorting yesterday.

Gonna buy this toy.

[99er]

Good Morning.

So honey...
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_9139.html

Toast?

[stockcycle]

Morning Cobra, Morning All.
EUR/USD daily is pulling back and it favors the pullback of US markets today. However it seems in the forming of Head and Shoulders pattern and it would threats the weekly rally of US markets.... http://cyclestockmarketwinner.blogspot.com/

[Me XMan]

WHOOAAAA!!! Looking good though.

the wave count I've been on expected a gap down, for it to be ultimately correct the indexes need to take out their September lows:

[99er]

Okay.
ES http://99ercharts.blogspot.com/2011/11/es_1277.html

With Prairie Oysters?

[99er]

For breakfast?
NQ http://99ercharts.blogspot.com/2011/11/nq_162.html
YM http://99ercharts.blogspot.com/2011/11/ym_2439.html

Yeah. And lunch too.

[Al_Dente]

GS down big (along with everything else) in pre-mkt
Disclosure heaven: GS lifts kimono on European exposure !!!
http://www.zerohedge.com/news/goldman-e ... 56-billion

[99er]

Wednesday Comic

http://99ercharts.blogspot.com/2011/11/ship-of.html

Good luck!

[Al_Dente]

http://www.bloomberg.com/apps/quote?tic ... D...enough said....can we kick Silvio out again and see if it works?

Jar (off topic) note on freestockcharts.com SPY stopped at R2 pivot yest… very different than stockcharts and schwab pivots

[BullBear52x]

GM,
Wow! where is gap up to the moon? wishing you were in is better than wishing you were out of it. I got nothing to show for today

[agnosia]

GS down big (along with everything else) in pre-mkt
Disclosure heaven: GS lifts kimono on European exposure !!!
http://www.zerohedge.com/news/goldman-e ... 56-billion

ouch! they are selling assets to raise cash. doesn't sound good...

italian bonds- up more than 7%
http://www.bloomberg.com/quote/GBTPGR10:IND

[KENA]

Yeah.

Seems like God will reward me with dollars for the heavy shorting yesterday.

Gonna buy this toy.

Which one..To much maintenence for either Ha,Ha

[cougar]

Good Morning!
NDX seems to be now a good short, for a longer ride:

[stucap]

Bulls are drawing a line in the sand right now with an inverted H&S setup possible on the ES.....

IMO onus is back on the bears to stop another reversal......

Should be a fund day! GLTA!