10/03/2011 Intraday Watering

99er · Post by **99er** » Mon Oct 03, 2011 12:41 pm

SPX
Update.
http://99ercharts.blogspot.com/2011/10/spx_715.html

Petsamo · Post by **Petsamo** » Mon Oct 03, 2011 12:50 pm

Big time support on SPY. Probably gonna bust it.

jarbo456 · Post by **jarbo456** » Mon Oct 03, 2011 12:53 pm

with this break, 110.85 should be well within reach.

BullBear52x · Post by **BullBear52x** » Mon Oct 03, 2011 12:54 pm

110.61 61.8%

Post by **Cobra** » Mon Oct 03, 2011 12:58 pm

next few supports.

tapesense · Post by **tapesense** » Mon Oct 03, 2011 12:59 pm

Hello to all,

Looks like DX is on the hunt for 80, needs to stay above 79.6. SPY looking for 110.8, and old low 110.27. Today's high will make a new bias pivot if we close below friday's low. Ah, the days of QE are over..

BullTart · Post by **BullTart** » Mon Oct 03, 2011 12:59 pm

Dollar not playing along with this drop... something smells fishy here.

Could that be bait in a bear trap they've put out?

The truth will come out as the market closes.

Watching on the sidelines for now. Don't want to get caught in a bear trap. They hurt!

chickencoop · Post by **chickencoop** » Mon Oct 03, 2011 1:00 pm

BullTart wrote:Dollar not playing along with this drop... something smells fishy here.

Could that be bait in a bear trap they've put out?

The truth will come out as the market closes.

Watching on the sidelines for now. Don't want to get caught in a bear trap. The hurt!

i'm there with you

99er · Post by **99er** » Mon Oct 03, 2011 1:02 pm

SPX
http://99ercharts.blogspot.com/2011/10/spx_4049.html

Beep beep.

rhapsody1447 · Post by **rhapsody1447** » Mon Oct 03, 2011 1:03 pm

Here is a great report from Zerohedge on the technical bear case

http://www.zerohedge.com/news/guest-pos ... et-decline

I reattached the images for your convenience:

jarbo456 · Post by **jarbo456** » Mon Oct 03, 2011 1:03 pm

BullTart wrote:Dollar not playing along with this drop... something smells fishy here.

Could that be bait in a bear trap they've put out?

The truth will come out as the market closes.

Watching on the sidelines for now. Don't want to get caught in a bear trap. They hurt!

? dollar led the drop no? dollar broke higher at 10:30, while market was still digesting ISM. now the market is catching up to the dollar...or am i reading this wrong?

agnosia · Post by **agnosia** » Mon Oct 03, 2011 1:03 pm

this morning was a way to squeeze out weak shorts. the real down has begun i think... watch russel , a break of 624 will confirm head and shoulders top. $rut

buyorsell · Post by **buyorsell** » Mon Oct 03, 2011 1:03 pm

IWM (Russell) may break down first if it will happen.

Still holding TWM, but bought some Dec calls.

Post by **Cobra** » Mon Oct 03, 2011 1:06 pm

descending triangle text book target.

Mr. BachNut · Post by **Mr. BachNut** » Mon Oct 03, 2011 1:09 pm

Well, there you go. So much for the recent trading range...
Financials look terrible. Something may break here soon.
Cobra impulse short on deck pending the close. The August low is in view.

Post by **Cobra** » Mon Oct 03, 2011 1:10 pm

pay attention to support here. I don't think it can break through the very first time.

cougar · Post by **cougar** » Mon Oct 03, 2011 1:10 pm

SPX 60 min: update of a chart published during the weekend.
2 closest target/support levels:
* 1112 and
* 1001-1102

proteus46 · Post by **proteus46** » Mon Oct 03, 2011 1:10 pm

proteus46 wrote:I'm looking for SPY to bounce off of $111.40 before noon (eastern time). jmo

Looking for that bounce now....Wilder's RSI is showing divergence with the SPY Price relative to the first 15 minute
bar today. No confirmation from TRIX. It's sink or swim time

agnosia · Post by **agnosia** » Mon Oct 03, 2011 1:10 pm

we just got our lower low on spx from last weeks previous lower high as mentioned in this weeks report.

davros · Post by **davros** » Mon Oct 03, 2011 1:13 pm

es trendline held so far, dollar looks like it wants to roll over and die but stocks won't let it

Cobra's Market View

Back to www.cobrasmarketview.com

10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering

Re: 10/03/2011 Intraday Watering