10/04/2011 Intraday Watering

[Cobra]

Gap down below yesterday's range but since yesterday was a major distribution day which filled almost all the gaps the next day so really hard to say whether the gap will be filled or not.

The Global ES looks like a stair down, after a night consolidation, it breakdown again, the Fib 61.8% Measured Move of such a breakdown after consolidation would be around ES 1063 something.

[jarbo456]

did everyone see this?

http://www.businessinsider.com/stocks-c ... 11-2011-10

[davros]

es december stopped so far at more or less precisely the low of early august, almost too obvious and neat to be true

[Al_Dente]

Morning Boss:
Brilliant your “Market Outlook” overnight

Shanky posted the perfect picture of the market:
http://shankystechblog.blogspot.com/

[Molari]

did everyone see this?

http://www.businessinsider.com/stocks-c ... 11-2011-10

New on board...
I don't believe in numerology but yes it is freaky!

[cougar]

Good morning!

[q2model]

Today's Economic Calendar
9.00 Fed Governor Raskin Speaks on Foreclosures

10.00 Fed Chairman Bernanke to testify on economic outlook before JEC
Factory orders (est 0.2% m/m)

11.00 Congressman Ron Paul Holds Hearing on Auditing The Fed

12.00 Merkel Speech at Regional CDU conference in Magdeburg



Factory orders: We expect factory orders to increase 0.2% in August, with a 0.5% rise in nondurables offsetting the 0.1% decline in durable orders reported in the preliminary release. The greater focus should lie on any revisions to the preliminary estimates of core capital goods orders and shipments, which are more directly applicable to tracking Q3 GDP growth.

[cougar]

A chart that punctuates the moves of SPX better than I expected: 2 Murrey Math Fans.

[jarbo456]

A chart that punctuates the moves of SPX better than I expected: 2 Murrey Math Fans.

nice. i like this one a lot.

[cougar]

AAPL sitting on top of a support zone. A reversal could happen soon…IMHO

[shumushu]

Apple is making announcing their new products today, that could set the tone for this market.

[cougar]

Thanx Jarbo

[BullBear52x]

GM, ES at support, do or die?

[Unique]

AAPL sitting on top of a support zone. A reversal could happen soon…IMHO

http://i.imgur.com/Joh9T.gif

388 target.

[rpccharts]

ES range estimate is 1055-1095. ES traded at its August low of 1071 this morning, but I don't think the drop is over yet. Next support is at the August 2010 low of 1037.

[BullTart]

did everyone see this?

http://www.businessinsider.com/stocks-c ... 11-2011-10

Yes, that's been making the rounds on the net today after ZH posted it last night. Funny how ZH is now becoming a source for mainstream media.

We could continue downwards here into Friday's jobs report at which point we could see a cycle low and a rebound to squeeze shorts and clear our sentiment.

Look at this chart that Gann360, someone who I highly respect in Gann analysis, put together.

[99er]

Good Morning.

So honey...what's Dr. Copper saying today?
HG http://99ercharts.blogspot.com/2011/10/hg.html

Markets go down and up.

[99er]

What does that mean?
ES http://99ercharts.blogspot.com/2011/10/es_04.html

Put your pants back on.

[Cobra]

the open. way too stretched, so should rebound first.

[BullBear52x]

I am a bull today, lets go bulls! Ole ole ole.....