Back to www.cobrasmarketview.com

07/05/2011 Intraday Watering

cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 07/05/2011 Intraday Watering

Post by cougar »

99er wrote:WhyNot:

Looks great!

http://www.gooporto.com/
Yes, it does!
Tabby
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 07/05/2011 Intraday Watering

Post by Tabby »

cougar wrote:
99er wrote:WhyNot:

Looks great!

http://www.gooporto.com/
Yes, it does!
WhyNot,
I can tell that it looks much much nicer at night.
Last edited by Tabby on Wed Jul 06, 2011 8:42 am, edited 1 time in total.
User avatar
Anaconda
Posts: 487
Joined: Fri May 06, 2011 2:57 pm

Re: 07/05/2011 Intraday Watering

Post by Anaconda »

Hanging is off, for now.
Doji, it is. Tomorrow's open will be interesting, me-thinks...
Attachments
sc.png
sc.png (8.54 KiB) Viewed 5097 times
ctu688
Posts: 24
Joined: Tue May 10, 2011 12:55 am

Re: 07/05/2011 Intraday Watering

Post by ctu688 »

Cobra,

You mentioned that in small body or Doji, you will take some profite. Do you suggest that now?
User avatar
Cobra
Site Admin
Posts: 58502
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/05/2011 Intraday Watering

Post by Cobra »

well, guess that's it for today. a boring day. the short-term direction is not clear but just as I said a moment ago, it looks like a Rectangle in the forming on SPY 15 min chart, so odds are higher for an upside breakout. thank you guys, I'll see you tomorrow.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
STC
Posts: 38
Joined: Tue Apr 26, 2011 1:53 pm

Re: 07/05/2011 Intraday Watering

Post by STC »

Cobra wrote:well, guess that's it for today. a boring day. the short-term direction is not clear but just as I said a moment ago, it looks like a Rectangle in the forming on SPY 15 min chart, so odds are higher for an upside breakout. thank you guys, I'll see you tomorrow.
Cobra, Doji on the daily chart has a higher odd of reversal than the rectangle on 15 min chart.
MajorEasy
Posts: 223
Joined: Wed Feb 16, 2011 9:53 pm

Re: 07/05/2011 Intraday Watering

Post by MajorEasy »

money flow
chaikin osc
CCI zero
ALL neutral to negative
volume not big enough to show the way....
Attachments
July 05 2011.png
Last edited by MajorEasy on Tue Jul 05, 2011 6:31 pm, edited 1 time in total.
the market's goal is to distribute the wealth of many to as few hands as possible
User avatar
Cobra
Site Admin
Posts: 58502
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/05/2011 Intraday Watering

Post by Cobra »

ctu688 wrote:Cobra,

You mentioned that in small body or Doji, you will take some profite. Do you suggest that now?
you'll see Cobra Impulse system asks to tighten the stop loss today if I still remember my algo.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58502
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/05/2011 Intraday Watering

Post by Cobra »

STC wrote:
Cobra wrote:well, guess that's it for today. a boring day. the short-term direction is not clear but just as I said a moment ago, it looks like a Rectangle in the forming on SPY 15 min chart, so odds are higher for an upside breakout. thank you guys, I'll see you tomorrow.
Cobra, Doji on the daily chart has a higher odd of reversal than the rectangle on 15 min chart.
I won't say that. for now the direction is not clear but one thing is for sure: it's really very rare the market topped right here so a pullback if any usually should be a buy.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 07/05/2011 Intraday Watering

Post by cougar »

Something interesting about today’s market:
While healthcare was a mediocre performer, several biotech stocks had a nice show. They are part of my high beta TOP BIOTECH list: VRX, VRUS, REGN, GENE…
However this is not necessarily great news, because high performer biotechs are often launching the “last hurray” of a rally, expressed in an aggressive exhaustion bar.
One of them even displayed “3 black crows”, detected by my vigilant BOT….Guess who?!
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 07/05/2011 Intraday Watering

Post by cougar »

VRX:
Attachments
VRXgif.GIF
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 07/05/2011 Intraday Watering

Post by cougar »

VRUS:
Attachments
VRUSgif.GIF
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 07/05/2011 Intraday Watering

Post by cougar »

REGN:
Attachments
REGNgif.GIF
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 07/05/2011 Intraday Watering

Post by cougar »

GENE:
Attachments
GENEgene.GIF
Post Reply