10/18/2011 Intraday Watering

[Cobra]

Flat open, plus most gaps after a Major Distribution Day get filled the same day, so the gap if any could get filled today.

The Global ES looks like a Bear Flag in the forming, so we may continue down sometimes later. Noted the ES is on the support area.

[99er]

Good Morning.

EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_18.html
ES http://99ercharts.blogspot.com/2011/10/es_18.html

GLTA.

[cougar]

Good morning Cobra!
This is an update and magnification of a chart published during the weekend. It further develops a SIMPLE “wavy-gravy scenario”, submitted then.
If we do not stop our drop here, (~1196) we should slide down on corrective WAVE B (green) which, in turn, could be dissected into an “a-b-c” formation (magenta), where a=c, approximately. Their putative levels are marked on the chart. The final target of the formation should be in the zone 1150(high) - 1142(low).

If we stop here and gyrate senselessly for a while, the Elliott Wave theorists would probably call for complex zigzags, “expanded flats” or other exotic formations which, IMHO, hide their inability to punctuate price movements.

[bubba22]

Was there a Phantom Bar yesterday, I am showing one on TD ameritrade for SPY up to the 122.60 area

[agnosia]

hey guys. confusing action in /cl but i am going with the flow. we closed the gap from yesterday and i am long 1 penny over at 86.39.. holding until we get near 88, the overnight high from yesterday . good luck. ( short squeeze ? )

[Petsamo]

Was there a Phantom Bar yesterday, I am showing one on TD ameritrade for SPY up to the 122.60 area

It isn't present on ScottradeELITE. Martketwatch.com has a phantom bar, but it isn't in the same location.

[Al_Dente]

Good morning all
They keep updating this site "Tracking Europe's Debt Crisis"
http://www.nytimes.com/interactive/busi ... &emc=tha25

[Tabby]

Cougar,
Wow, great charts and maps for future. Well done. Thank you for sharing it with us.

[jarbo456]

it looks like we saw some support on the 38 fib level on EUR/USD on the first couple of tries to drop below it overnight. there's a pretty definitive doji (falling star) forming this hour on the EUR/USD chart - if we can complete it, we should expect some follow through droppage.

[Cobra]

the open.

[Michelle]

IBM hurting the Dow.

[jarbo456]

paging al_dente

would love to see the internals once you get that chart set up!

oh yeah, and btw, good morning and hope you're well.

[99er]

SPX
http://99ercharts.blogspot.com/2011/10/spx_18.html

Setting up for a boring range day?

[99er]

RUT
http://99ercharts.blogspot.com/2011/10/rut_18.html

Yup.

[Al_Dente]

paging al_dente
would love to see the internals once you get that chart set up!
oh yeah, and btw, good morning and hope you're well.

Jar: am gone 4 rest of day …u hold the fort down…. u post internals update?….don’t let anyone get too mean here….

Here internals … then one last post just 2 to bait BB52x… then I gotta run
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

[agnosia]

something is off. i sold out of my /cl long. looks like this was just a "kiss of death" at the previous trendline running from 83.30 + 85.90.

[99er]

cougar

Great chart!

[jarbo456]

paging al_dente
would love to see the internals once you get that chart set up!
oh yeah, and btw, good morning and hope you're well.

Jar: am gone 4 rest of day …u hold the fort down…. u post internals update?….don’t let anyone get too mean here….

Here internals … then one last post just 2 to bait BB52x… then I gotta run
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

yessir!

[cougar]

Thanx 99er!
Hope THEY follow a SIMPLE and tade-able scenario!

[agnosia]

cougar you would have made leonardo da vinci proud with those charts