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Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 2:43 pm
by Dow Trader
thanks copra,
I just shorted Dow at 12290 waiting to see the close.. and shorted EUR 136.00
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 2:47 pm
by 99er
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 2:54 pm
by Cobra
Traderwill33 wrote:Cobra-
14 straight white candles on the SPY...... Any thoughts on that? Exhaustion must be close?
You mean daily? Then, not it's not 14.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 2:57 pm
by Cobra
simpletrader wrote:Cobra wrote:I think it's time to say bye bye to this Rising Wedge.
why say bye bye?
Need a new wedge at least.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 2:58 pm
by deep
Cobra wrote:cletus wrote:What is going on with the VIX? LOL!!!
Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.
Cobra, could you tell a little more about this rule? how high is too high?
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:00 pm
by Cobra
deep wrote:Cobra wrote:cletus wrote:What is going on with the VIX? LOL!!!
Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.
Cobra, could you tell a little more about this rule? how high is too high?
No fixed number, just a rough idea. You can use the way I shown in last night's recap to gauage if it's too high.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:06 pm
by Cobra
Here's a little bigger wedge.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:14 pm
by shumushu
I covered, don't wanna mess with the market at this level.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:15 pm
by Cobra
This kind of narrow range consolidation is not bad for bulls.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:19 pm
by Cobra
See, told you. Now we should abort our little evil plan earlier as this is way too much 3rd push up.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:21 pm
by uempel
I added shorts at 1340, the top of my short term Andrew's Fork:
http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:22 pm
by shumushu
Let see if we can close above the rising wedge on the 30 minutes.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:23 pm
by shumushu
Is this for a swing or day?
PS: I also shorted the nasdaq again when it dropped back down.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:24 pm
by Cobra
Go uemple, go, frankly, you made me nervous, I dare not ALWAYS bet against you!
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:26 pm
by Cobra
2 bar reversal again, let's see if any real follow-through.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:28 pm
by koolblue
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:47 pm
by Cobra
Little support here, no idea what's the next...
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:57 pm
by Dow Trader
cotton limit up again today. All buy orders will be removed and rejected.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 3:57 pm
by shumushu
Covered my nasdaq, need to be more patient here.
Re: 02/17/2011 Intraday Watering
Posted: Thu Feb 17, 2011 4:01 pm
by Cobra
OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day.
