02/17/2011 Intraday Watering

Post by **Cobra** » Thu Feb 17, 2011 11:05 am

A little overnight high resistance here.

balance · Post by **balance** » Thu Feb 17, 2011 11:06 am

The 1st target (133.4) was hit, let's see if it follows the 2nd line (up).

http://www.cobrasmarketview.com/viewtop ... t=100#p320

Post by **Cobra** » Thu Feb 17, 2011 11:07 am

ContangoKid wrote:Cobra - Given your recent comments, have you spent any time looking into the mechanics of your ST Model and identified how it can be improved?

Need time.

Post by **Cobra** » Thu Feb 17, 2011 11:10 am

Possible 2 bar reversal, careful.

balance · Post by **balance** » Thu Feb 17, 2011 11:11 am

balance wrote:The 1st target (133.4) was hit, let's see if it follows the 2nd line (up).

http://www.cobrasmarketview.com/viewtop ... t=100#p320

Well, since on the way up there's a huge volume spike, better get out (long) and wait-and-see.

uempel · Post by **uempel** » Thu Feb 17, 2011 11:14 am

Close up for Thursday, support and resistance:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

wxtrader001 · Post by **wxtrader001** » Thu Feb 17, 2011 11:24 am

uempel wrote:Close up for Thursday, support and resistance:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

Thank you for your charts ,it's very useful!

black · Post by **black** » Thu Feb 17, 2011 11:34 am

ES opened on 60min 20ema, and bounced since

Post by **Cobra** » Thu Feb 17, 2011 11:57 am

Nothing to say. A boring range day, we need know where the range high is first.

A little bigger picture, well, nothing, still in wedge if you still hope this is a wedge.

slcgh · Post by **slcgh** » Thu Feb 17, 2011 12:01 pm

AAPL today looks a little bit weak

Post by **Cobra** » Thu Feb 17, 2011 12:03 pm

I'd say this kind of consolidation doesn't look bearish though.

simpletrader · Post by **simpletrader** » Thu Feb 17, 2011 12:04 pm

anyone thinking buy dip aapl here?

q2model · Post by **q2model** » Thu Feb 17, 2011 12:05 pm

slcgh wrote:AAPL today looks a little bit weak

Maybe this has something to do with it?
http://blogs.forbes.com/clareoconnor/20 ... zzi-photo/

wxtrader001 · Post by **wxtrader001** » Thu Feb 17, 2011 12:08 pm

Today is a range and up day ? maybe it will retest previous high and a higher high ?

simpletrader · Post by **simpletrader** » Thu Feb 17, 2011 12:10 pm

Cobra wrote:I'd say this kind of consolidation doesn't look bearish though.

guess will see new high today

Post by **Cobra** » Thu Feb 17, 2011 12:18 pm

Told you. Now let's watch yesterday's high, how market tests there.

Post by **Cobra** » Thu Feb 17, 2011 12:22 pm

Well, I'm much reliefed as I partial out at the high. My morning buy stop was filled almost at the highest point of the day far far above my buy stop price, such kind of thing happens rarely but sometimes it does happen!

Post by **Cobra** » Thu Feb 17, 2011 12:27 pm

A little consolidation is welcome here. Rember the market simply won't crash if VIX keeps going high while the market is up.

EvilTrader · Post by **EvilTrader** » Thu Feb 17, 2011 12:29 pm

I don´t know, but failing to convincingly take the highs should be bearish.

Post by **Cobra** » Thu Feb 17, 2011 12:31 pm

EvilTrader wrote:I don´t know, but failing to convincingly take the highs should be bearish.

A strong push up like this would be at least 3 legs, now we're on the 2nd leg.

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02/17/2011 Intraday Watering

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