12/08/2011 Intraday Watering

[Cobra]

First of all, again, if your intention is to read my daily report, register here at intraday forum won't grant you an access at http://www.cobrasmarketview.com. You have to register there by clicking the "signup" button on the top right corner. The intraday forum will remain free but all I'm talking here would be for day trade only so if your time frame is a few days to weeks, you need subscribe at http://www.cobrasmarketview.com. Thanks.


Flat open, so any gap would be filled and the day tends to be a range day. It's still a consolidation pattern therefore bears must be prepared for the upside breakout which could be very strong. Global ES on the other hand had another failed breakout attempt, but I cannot say chart is bearish, it's also a consolidation pattern only larger. So overall, the chart pattern is not bear friendly. I'd stay on the side line for now.

[alvian33]

this does not look bullish either...

[Al_Dente]

Good morning all

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[michelangelo]

Watching the last 30 minute candle on the DAX has been entertaining.

[michelangelo]

Good morning, all.

[Me XMan]

Looking to cover and go long on this gap-down.

[jarbo456]

First of all, again, if your intention is to read my daily report, register here at intraday forum won't grant you an access at http://www.cobrasmarketview.com. You have to register there by clicking the "signup" button on the top right corner. The intraday forum will remain free but all I'm talking here would be for day trade only so if your time frame is a few days to weeks, you need subscribe at http://www.cobrasmarketview.com. Thanks.


Flat open, so any gap would be filled and the day tends to be a range day. It's still a consolidation pattern therefore bears must be prepared for the upside breakout which could be very strong. Global ES on the other hand had another failed breakout attempt, but I cannot say chart is bearish, it's also a consolidation pattern only larger. So overall, the chart pattern is not bear friendly. I'd stay on the side line for now.

don't think today is going to be a flat open. looks like we're opening at least 5-10 ES points down. over a 20 handle up and down on the es this morning.

[jynmax]

GM,i add NQ short position at 2327.25,now,i have ES(1262.50) and NQ short position and YM long position at 12094.

[jarbo456]

Looking to cover and go long on this gap-down.

really? just for the dead cat bounce? we already had a V reversal premarket...can't foresee it happening with this down move.

this SHOULD be two legged at least (jesus christ, did i just say that?...bears, put your hard hats on, this is reversing). -_-

[michelangelo]

DAX completes a pattern of LL, LH, break of LL.

[knurbs]

Feels like the market may put pressure the EU by demonstrating what could happen if no Euro bond deal.
Particularly after Draghi's comments this morning...feels like a down day.

[lqiantobe]

any bad news? suddenly down a lot

[jimme]

The dollar future /DX, on the hourly chart has stayed in it's up channel and is breaking up out of a triangle at this moment. jimme GLTA

[michelangelo]

You can use foodstamps at McDonald's and Yum Restaurants, right?

[jarbo456]

any bad news? suddenly down a lot

draghi's comments..."lending money to the IMF to buy Euro bonds is not compatible with the treaty".

no buying program...so market programs are selling.

you know...the usual stuff that moves the market a healthy 1.5-2% pre market.

[chocobee]

A quarter point? Are they going to fight a major war with a pocket knife?

[mozart]

What's going on, was away from computer and Tv, Gold and Silver dropping like a stone in water?

[quatzl]

Hopefully this gap down will bring BullBear in off the ledge. I am also missing 99'rs charts. Maybe honey just took him on an early vacation.

Anyway, good morning and good luck to all.

[JTrader]

What a roller coaster and it's not even 0930. Crazy times!

[jimme]

Here is a link to /DX 60 minute

https://skydrive.live.com/redir.aspx?ci ... CxgrAwNZd4