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08/12/2011 Intraday Watering

Re: 08/12/2011 Intraday Watering

Postby Cobra » Fri Aug 12, 2011 3:41 pm

ABCstock wrote:Hi, Cobra: Is there anyway to put a water mark on your charts? In that way, everyone who see the chart will know you.


I can only put annotation on my chart, but it's lots of work as I have hundreds charts to update. :lol:

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Re: 08/12/2011 Intraday Watering

Postby Cobra » Fri Aug 12, 2011 3:42 pm

Petsamo wrote:Below is SPX 15 min chart, last few days. I don't see bearishness.

Image


yeah, more on the upside, agree.

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Re: 08/12/2011 Intraday Watering

Postby Mr. T » Fri Aug 12, 2011 3:45 pm

What level does the VIX need to get to for the "all clear" sign?

$25?
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Re: 08/12/2011 Intraday Watering

Postby Cobra » Fri Aug 12, 2011 3:46 pm

a little bigger picture looks bullish: breakout then consolidates above the breakout point, so the breakout may be as real as it gets. I expect more on the upside, not necessarily believe the Diamond target I gave last night but I think the push up isn't over yet.
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Re: 08/12/2011 Intraday Watering

Postby Petsamo » Fri Aug 12, 2011 3:47 pm

IWM flirtin with the dark side. 15 min chart, last few days.

Image
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Re: 08/12/2011 Intraday Watering

Postby Mr. BachNut » Fri Aug 12, 2011 3:50 pm

I have Max Pain on SPY for next week currently standing at 126. If there are no surprise that upset the apple cart (big IF these days), there should be an attempt to move in that direction next week.

Note though that the max pain level will be subject to sizeable shifts as the week unfolds.
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Re: 08/12/2011 Intraday Watering

Postby KENA » Fri Aug 12, 2011 3:54 pm

Well it is getting close to closing. Thanks for the week Cobra. Have a good one all.
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Re: 08/12/2011 Intraday Watering

Postby rhight » Fri Aug 12, 2011 3:55 pm

Cobra wrote:a little bigger picture looks bullish: breakout then consolidates above the breakout point, so the breakout may be as real as it gets. I expect more on the upside, not necessarily believe the Diamond target I gave last night but I think the push up isn't over yet.


This afternoon could be seen as a bull flag. No massive sell off into close may mean that mutual fund redemptions have slowed.
Have a good weekend. Thanks for the blog Cobra.
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Re: 08/12/2011 Intraday Watering

Postby Cobra » Fri Aug 12, 2011 3:58 pm

Well, guess that's it for today. The bigger picture is not bearish as I said a moment ago. Thank you guys, I'll see you the next Monday.
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Re: 08/12/2011 Intraday Watering

Postby dmid » Fri Aug 12, 2011 3:58 pm

But VIX keeps rising, not good
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Re: 08/12/2011 Intraday Watering

Postby Petsamo » Fri Aug 12, 2011 4:01 pm

Update: IWM did bust support very briefly.

Image

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Re: 08/12/2011 Intraday Watering

Postby champix » Fri Aug 12, 2011 4:03 pm

Thanks everybody ! More upside to come, but this is just a rebond...:)
Thx for this valuable blog cobra and the crew...
Have a nice week end
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Re: 08/12/2011 Intraday Watering

Postby Anaconda » Fri Aug 12, 2011 4:05 pm

And the evening star configuration suggests a reversal on the daily.
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Re: 08/12/2011 Intraday Watering

Postby silicon_beaver » Fri Aug 12, 2011 4:07 pm

Anaconda wrote:And the evening star configuration suggests a reversal on the daily.


yhea. let's see Monday's direction.

nice weekend everyone. Thanks Cobra.
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Re: 08/12/2011 Intraday Watering

Postby Avitar » Fri Aug 12, 2011 4:15 pm

Thanks Cobra for all your work, for which I give you great credit. :D
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Re: 08/12/2011 Intraday Watering

Postby Cobra » Fri Aug 12, 2011 4:16 pm

Avitar wrote:Thanks Cobra for all your work, for which I give you great credit. :D

:lol:

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Re: 08/12/2011 Intraday Watering

Postby biotrader » Fri Aug 12, 2011 4:19 pm

Cobra wrote:well, I just hope the green line below could hold. we should all remember if this is an important bottom, today should be up and up and up disregarding anything indicators or news. but the fact is, we are not.


I think it's pretty typical that we rest after such a huge day. It will be important Monday or Tuesday we get confirmation. Have a good weekend Cobra!
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Re: 08/12/2011 Intraday Watering

Postby Cobra » Fri Aug 12, 2011 4:29 pm

biotrader wrote:
Cobra wrote:well, I just hope the green line below could hold. we should all remember if this is an important bottom, today should be up and up and up disregarding anything indicators or news. but the fact is, we are not.


I think it's pretty typical that we rest after such a huge day. It will be important Monday or Tuesday we get confirmation. Have a good weekend Cobra!


Yeah, we have to wait for the Monday anyway. Thanks and have a nice weekend!

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Re: 08/12/2011 Intraday Watering

Postby vats » Fri Aug 12, 2011 7:13 pm

Thanks Cobra,
appreciate your insight and reasoning...I just keep learning something new from this forum! Have a great week-end...see you on Monday.
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