10/20/2011 Intraday Watering

Post by **Cobra** » Thu Oct 20, 2011 9:03 am

Gap up but within yesterday's range so chances are the gap will be filled.

Global ES rebounds to test the previous support now resistance, let's see. If somehow the ES manages to test the previous highs around 1230 again, it's the 3rd touch, chances are we'll see a breakout.

jarbo456 · Post by **jarbo456** » Thu Oct 20, 2011 9:07 am

pretty large downside move right now. there's a chance this market will open flat.

cougar · Post by **cougar** » Thu Oct 20, 2011 9:11 am

“Germany might postpone the EU Summit!” (Die Welt)

99er · Post by **99er** » Thu Oct 20, 2011 9:13 am

Good Morning.

So honey...how are our plans for Europe?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_20.html

Lookin' good (for today).

ramram · Post by **ramram** » Thu Oct 20, 2011 9:14 am

HI Cobra -- I am confused -- are you still saying the pullbacj should be 2 legged? Does that mean target of about 1190?

99er · Post by **99er** » Thu Oct 20, 2011 9:15 am

And the market?
ES http://99ercharts.blogspot.com/2011/10/es_20.html

Lookin' good (for bears). At least for today.

GreedyKojiro · Post by **GreedyKojiro** » Thu Oct 20, 2011 9:15 am

Morning Cobra and everyone! Today will be an interesting day, hopefully!

Post by **Cobra** » Thu Oct 20, 2011 9:17 am

ramram wrote:HI Cobra -- I am confused -- are you still saying the pullbacj should be 2 legged? Does that mean target of about 1190?

it was testing the resistance, no breakout yet, so still the pullback should be 2 legged.

Al_Dente · Post by **Al_Dente** » Thu Oct 20, 2011 9:17 am

Morning all
http://www.youtube.com/watch?v=-Aba0lVdE2c

silicon_beaver · Post by **silicon_beaver** » Thu Oct 20, 2011 9:17 am

good morning Cobra and everyone.

jarbo456 · Post by **jarbo456** » Thu Oct 20, 2011 9:18 am

Al_Dente wrote:Morning all
http://www.youtube.com/watch?v=-Aba0lVdE2c

morning al. did you get a chance to decipher much on the http://www.freestockcharts.com/? it looks pretty good.

cougar · Post by **cougar** » Thu Oct 20, 2011 9:21 am

cougar wrote:“Germany might postpone the EU Summit!” (Die Welt)

...and immediately reflected in the moves of QLD pre-market:

AK84 · Post by **AK84** » Thu Oct 20, 2011 9:21 am

Morning All.

As mentioned yday, H&S on bidu is playing out nicely. Already down $3.70 pre market. Should be more to the 118 area at least.

WYNN daily gap at 121 so watch for that. AMZN 20 DMA at 229 ...break below means more weakness.

Will load up on ISRG on any pullback.

Liking a straddle play on NFLX . Looking for PCLN to break 479 for more down.

Liking CLB as a short under $100 . Liking Chubb Corp (CB) as a long for eranings. trading BWLD as a long above 60$

GLTA!

GreedyKojiro · Post by **GreedyKojiro** » Thu Oct 20, 2011 9:23 am

Two days ago I mentioned about Libya's social politics. Now Libya's National Transitional Council says Gadhafi dead. Watch on movement on oil companies. They will move back there to reopen business. Libya's the largest oil reserve in Africa and 9th largest in the world.
http://www.google.com/url?sa=t&rct=j&q= ... cdFZ2Uzupg
http://en.wikipedia.org/wiki/Oil_reserves_in_Libya

Al_Dente · Post by **Al_Dente** » Thu Oct 20, 2011 9:25 am

jarbo456 wrote:
Al_Dente wrote:Morning all
http://www.youtube.com/watch?v=-Aba0lVdE2c
morning al. did you get a chance to decipher much on the http://www.freestockcharts.com/? it looks pretty good.

5 min (spy just for test)
>add indicator
>volatility stop
then >v stop > edit (tweak it to 104/2.0)
still watching and studying, nothing 2 report yet

BullBear52x · Post by **BullBear52x** » Thu Oct 20, 2011 9:27 am

GM,
a look at financial, I use XLF as a talking point. see number noted on chart.
1. MA195/200 broke.
2. Sell signal triggered.
3. Sell confirmed.....well turned out to be a bear trap.
4. Retest broken trend line and double top at the same time.

My read, XLF is in short term consolidation phase, to be or not to be I will pay attention to break out or break down 12.97/12.26 zone. why this importance? I believe the move in financial will lead the tells of the future of SPX or the market in near future. What say you?

GreedyKojiro · Post by **GreedyKojiro** » Thu Oct 20, 2011 9:28 am

GreedyKojiro wrote:Two days ago I mentioned about Libya's social politics. Now Libya's National Transitional Council says Gadhafi dead. Watch on movement on oil companies. They will move back there to reopen business. Libya's the largest oil reserve in Africa and 9th largest in the world.
http://www.google.com/url?sa=t&rct=j&q= ... cdFZ2Uzupg
http://en.wikipedia.org/wiki/Oil_reserves_in_Libya

Just one inside information I want to disclose... I know we are day traders, but one of the factor investors are looking into oil companies is rig count when evaluating the value...

stucap · Post by **stucap** » Thu Oct 20, 2011 9:30 am

Anyone else just see that insane thrust into open? WTF?

trader0303 · Post by **trader0303** » Thu Oct 20, 2011 9:31 am

Jesus that was insane open move....

mac769 · Post by **mac769** » Thu Oct 20, 2011 9:31 am

Good morning all

Rumour driven market on the verge of collapsing lower

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10/20/2011 Intraday Watering

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