08/15/2011 Intraday Watering

[Cobra]

no clear breakout, but still looks like a consolidation.

[Petsamo]

I would love a downleg!

[BullBear52x]

Hope support hold, I know my uncle will not let me down Thanks Cobra and everyone here. Luv you guys heheheh....

[Cobra]

head fake, but really nothing to say, the pullback for now looks like a consolidation.

[Tabby]

Ak,
I am waiting for Dr. Evil push the evil botton. Cougar cranks the espresso machine. Sorry, I don't have any ideas but I decide only to concentrate on Fas and ERX for now.

[StrikePrice]

Feels like we are at that spot where weak shorts cover creating those head fakes and Bulls Buy dips but real Bears sell rips leaving all of us just holding our breath. Personally I like being in cash at these moments.

[99er]

StrikePrice: "all of us just holding our breath"

while the Big Boyz screw retail Bulls and Bears alike.

[silicon_beaver]

no position. closed my oil and finance stocks this morning. hope a pullback to reload.

[greenback]

head fake, but really nothing to say, the pullback for now looks like a consolidation.

Hi Cobra,

If we close here, do you still this is still just a rebound? Has an intermediate bottom formed given today's price action?

[hiram]

Ak,
I am waiting for Dr. Evil push the evil botton. Cougar cranks the espresso machine. Sorry, I don't have any ideas but I decide only to concentrate on Fas and ERX for now.

tabby are you in fas on the long side if so where is your upside target?

hiram

[Cobra]

consolidation then breakout as I expected, just I don't expect this breakout to be strong as well, could be that's it for today.

[Cobra]

head fake, but really nothing to say, the pullback for now looks like a consolidation.

Hi Cobra,

If we close here, do you still this is still just a rebound? Has an intermediate bottom formed given today's price action?

still think it's just a rebound.

[99er]

SPX
Back test of lower wedge line creating a Broadening Top.

Have a good one!

[nikman]

Tinted area as target, 75% chances.

Cobra, Amazing stuff. This target was almost met (if not completely - it is not clear what the precise target was from this chart).

[Cobra]

Tinted area as target, 75% chances.

Cobra, Amazing stuff. This target was almost met (if not completely - it is not clear what the precise target was from this chart).

today's OR breakout setup is considered as a failure because the intraday pullback was too large.

[nikman]

Tinted area as target, 75% chances.

Cobra, Amazing stuff. This target was almost met (if not completely - it is not clear what the precise target was from this chart).

today's OR breakout setup is considered as a failure because the intraday pullback was too large.

Ok. Thanks. But the breakout from the triangle earlier this morning also had a similar target.

[Cobra]

Tinted area as target, 75% chances.

Cobra, Amazing stuff. This target was almost met (if not completely - it is not clear what the precise target was from this chart).

today's OR breakout setup is considered as a failure because the intraday pullback was too large.

Ok. Thanks. But the breakout from the triangle earlier this morning also had a similar target.

yes, that's true. so all depends on your stop loss. Forecast is different from trading, this is one example, although forecast seems good but depends on your stop loss the trade might be a failed trade.

[q2model]

head fake, but really nothing to say, the pullback for now looks like a consolidation.

Hi Cobra,

If we close here, do you still this is still just a rebound? Has an intermediate bottom formed given today's price action?

still think it's just a rebound.

When do you think the pullback will start?

[uempel]

60 min chart with MAs (crossover!) and two different momentum indicators: looks like a buy signal:

[newbie_77]

looks like we are gonna close @ HOD