02/17/2011 Intraday Watering

simpletrader · Post by **simpletrader** » Thu Feb 17, 2011 12:38 pm

Cobra wrote:
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.

don't know if there will 3rd leg or not. I just closed my aapl long bought from last dip. short the market a little bit from last top. not going to do any trade today.

99er · Post by **99er** » Thu Feb 17, 2011 12:49 pm

SPX
Took the scenic route...
http://99ercharts.blogspot.com/2011/02/spx_17.html
But we may be there.

bear33 · Post by **bear33** » Thu Feb 17, 2011 12:59 pm

no offense 99er, but in your graphs you always call for tops for the past few weeks or even months, I think there are stronger forces in place, that no graph can figure it out

99er · Post by **99er** » Thu Feb 17, 2011 1:08 pm

bear33-- Point well taken. It's still fun to chart...

Evening Doji Star on the SPX 60-minute.

uempel · Post by **uempel** » Thu Feb 17, 2011 1:11 pm

99er wrote:uempel-- Your chart yesterday was great! Thank you for posting it.
http://www.cobrasmarketview.com/downloa ... &mode=view

Thank-you 99. Even if the markets are up today I'm not very concerned. Tomorrow is options expiry and things happen. The long term charts and the bullish percentages show that the bullish game is very, very near the end.

At the moment I'm not heavily short, but I'll add in the afternoon, in AH or tomorrow. I'm just waiting (and now I'm going jogging).

shumushu · Post by **shumushu** » Thu Feb 17, 2011 1:12 pm

breadth are strong, aapl and the nasdaq is not making new highs today. Very strange.

When did you get in on your long cobra? At the morning gap down?

Post by **Cobra** » Thu Feb 17, 2011 1:13 pm

Some support here.

Post by **Cobra** » Thu Feb 17, 2011 1:14 pm

shumushu wrote:breadth are strong, aapl and the nasdaq is not making new highs today. Very strange.

When did you get in on your long cobra? At the morning gap down?

Just to follow signal, nothing special.

EvilTrader · Post by **EvilTrader** » Thu Feb 17, 2011 1:20 pm

We have huge divergence on hourly MACD for SPY, going back to highs made on february, 1st.

If not short, i would stay out.

koolblue · Post by **koolblue** » Thu Feb 17, 2011 1:20 pm

Good morning! looking to buy 1334.75, for a move to 1339-41...

shumushu · Post by **shumushu** » Thu Feb 17, 2011 1:22 pm

We are testing the this trend line for the billionth time. I am not bearish yet at least today. Its also statistically bearish tomorrow according to cobra, we'll see if we see weakness at today's close.

Post by **Cobra** » Thu Feb 17, 2011 1:28 pm

Anyone thinking about H3 long here? Just curious...

koolblue · Post by **koolblue** » Thu Feb 17, 2011 1:35 pm

ddd · Post by **ddd** » Thu Feb 17, 2011 1:37 pm

Take a look at the $rut.

Post by **Cobra** » Thu Feb 17, 2011 1:39 pm

ddd wrote:Take a look at the $rut.

Pretty strong!

Post by **Cobra** » Thu Feb 17, 2011 1:41 pm

[quote="koolblue"][/quote]

Hmm, seems, displaying link is not that good as on my small monitor, the image is cut.

ddd · Post by **ddd** » Thu Feb 17, 2011 1:42 pm

Intermediate-term trend line since Aug-10 broke up.

Sorry, I don't know how to post graph here, just yet.

Post by **Cobra** » Thu Feb 17, 2011 1:43 pm

anyone still holding H3 long? Looks not strong enough? I'm shaking...

rbharol · Post by **rbharol** » Thu Feb 17, 2011 1:46 pm

Weekly RSI > 70

Travelfrog · Post by **Travelfrog** » Thu Feb 17, 2011 1:48 pm

Excellent forum Cobra.

Really like the charts as they make things that much easier to understand.

Cobra's Market View

Back to www.cobrasmarketview.com

02/17/2011 Intraday Watering

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