09/27/2011 Intraday Watering

Post by **Cobra** » Tue Sep 27, 2011 9:02 am

Huge gap, as I said in the comment area of the last night report, I wouldn't be surprised to see 20 points gap up, well, here we go. Normally, such a huge gap means a strong trend day either up or down, more likely up, so bears better not hope a reversal today. Let's see how the open unfolds.

AK84 · Post by **AK84** » Tue Sep 27, 2011 9:06 am

Hi Cobra,

Shold we fade the gap ? Do you think we will at least see some weakness once the gap is open (SEEMS SOOOOOOOOOO STRETCHED!! ) but then eventually rise higher into the day ?

Do you have an evil plan for today with all your amazing arrows ?

Also, that was another just amazing read last night on ur report!

Im almost 80 % hedged on my Nov puts with Oct Calls so thinking Im going to close them at the open and then maybe buy them back later in the day depending on whats happening!

agnosia · Post by **agnosia** » Tue Sep 27, 2011 9:08 am

inverted h&s target met on /cl @ 83, i sold longs and am short 83, stop even.

agnosia · Post by **agnosia** » Tue Sep 27, 2011 9:10 am

i am also short /es 1180, stop 1181.25. i would be amazed if we open and some trapped longs do no sell into this strength. we shall see.

99er · Post by **99er** » Tue Sep 27, 2011 9:11 am

Good Morning.

So honey...what are we doing for vacation?
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_27.html

April in Paris! Book now, pay later.

99er · Post by **99er** » Tue Sep 27, 2011 9:12 am

A whole month?
ES http://99ercharts.blogspot.com/2011/09/es_27.html

How about a short?

davros · Post by **davros** » Tue Sep 27, 2011 9:17 am

my own feeling, which is just a feeling... I wouldn't step in front of this, don't anticipate

AK84 · Post by **AK84** » Tue Sep 27, 2011 9:18 am

Also Cobra since big gap up today , first pullback is a buy correct?

I know in your report yday u said first pullback should be a sell but this is a HUGEEEEEEE gap up .

I think it has something to do with end of quarter window dressing.

Post by **Cobra** » Tue Sep 27, 2011 9:19 am

AK84 wrote:Also Cobra since big gap up today , first pullback is a buy correct?

you mean intraday? not really.

agnosia · Post by **agnosia** » Tue Sep 27, 2011 9:19 am

can someone explain to me how we are just magically getting through all of these strong resistance areas like they don't exist? this smells to me like end of quarter/month window dressing.

AK84 · Post by **AK84** » Tue Sep 27, 2011 9:19 am

Cobra wrote:
AK84 wrote:Also Cobra since big gap up today , first pullback is a buy correct?
you mean intraday? not really.

Yes i meant intraday ....ok i got it but why would u say its not a buy ? Chiosc and other factors? just curious

Post by **Cobra** » Tue Sep 27, 2011 9:20 am

AK84 wrote:Hi Cobra,

Shold we fade the gap ? Do you think we will at least see some weakness once the gap is open (SEEMS SOOOOOOOOOO STRETCHED!! ) but then eventually rise higher into the day ?

Do you have an evil plan for today with all your amazing arrows ?

Also, that was another just amazing read last night on ur report!

Im almost 80 % hedged on my Nov puts with Oct Calls so thinking Im going to close them at the open and then maybe buy them back later in the day depending on whats happening!

should see some dip at open, then we'll see.

rpccharts · Post by **rpccharts** » Tue Sep 27, 2011 9:20 am

ES midpoint resistance at 1163 has been broken decisively overnight. This means that the ES is headed for 1252. Today's day session range estimate is 1163-1193. Once the move to 1252 is complete I expect the drop to 950 to resume.... Month end window dressing par excellance...

Post by **Cobra** » Tue Sep 27, 2011 9:21 am

AK84 wrote:
Cobra wrote:
AK84 wrote:Also Cobra since big gap up today , first pullback is a buy correct?
you mean intraday? not really.
Yes i meant intraday ....ok i got it but why would u say its not a buy ? Chiosc and other factors? just curious

I mean intraday hard to say, because it could be strong down trend day. if you look at a few more days time frame, most likely it's buy.

flrtrader · Post by **flrtrader** » Tue Sep 27, 2011 9:23 am

Ang, I believe End Of quarter will be selling to cover there butts for the reports. They see what everyone else does and 1060 area might be next. EOQ dressing might be inverse this time. Just my thoughts...

AK84 · Post by **AK84** » Tue Sep 27, 2011 9:24 am

Thanks cobra! U are the best !!

I love u more than Al Dente does...

cougar · Post by **cougar** » Tue Sep 27, 2011 9:24 am

Good morning!
Here is PALL (palladium) with a technical support and probably a good bounce today...
PALL 130 min, with Fork and Gann Fan:

bushwaffle · Post by **bushwaffle** » Tue Sep 27, 2011 9:26 am

Spy P/C ratio is over 2:1

edit: actually worse .36

99er · Post by **99er** » Tue Sep 27, 2011 9:26 am

Hey Ben...
ZB http://99ercharts.blogspot.com/2011/09/30y_27.html

No comment.

rpccharts · Post by **rpccharts** » Tue Sep 27, 2011 9:28 am

Lets not forget pre month end rally

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09/27/2011 Intraday Watering

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