Back to www.cobrasmarketview.com

   

08/22/2011 Intraday Watering

Re: 08/22/2011 Intraday Watering

Postby soku » Mon Aug 22, 2011 1:05 pm

soku wrote:
soku wrote:grab some long. technically it is highly low. if go above 1126.75, a 123 could formed. my target is 1131-1132 for the 123 setup

so far so good. target reached already. 1135 area strong res. will see how es drive toward that area to determine my exit order.

interestingly, all my indicators made a turn, except price itself.
at this moment i still decide to respect the break out. put a stop order and let it run.
The goal is not uniformity. It is understanding and idea exchange.
User avatar
soku
 
Posts: 1893
Joined: Fri Mar 25, 2011 10:02 am

Re: 08/22/2011 Intraday Watering

Postby proteus46 » Mon Aug 22, 2011 1:07 pm

TZA H&S 8-22-11.png
1 minute chart
**Maybe** a head and shoulders with TZA - daily
User avatar
proteus46
 
Posts: 190
Joined: Mon Jun 06, 2011 4:12 pm

Re: 08/22/2011 Intraday Watering

Postby 99er » Mon Aug 22, 2011 1:15 pm

Honey! What are you doing alone in there!?
SPX http://99ercharts.blogspot.com/2011/08/spx_3215.html

Drawing charts.
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 08/22/2011 Intraday Watering

Postby Tabby » Mon Aug 22, 2011 1:23 pm

99er wrote:Honey! What are you doing alone in there!?
SPX http://99ercharts.blogspot.com/2011/08/spx_3215.html

Drawing charts.


Wee Wee.
Tabby
 
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 08/22/2011 Intraday Watering

Postby soku » Mon Aug 22, 2011 1:25 pm

my first (and last pix) for today. it is too long for me to do that
Attachments
2011-08-22_1317_channel.png
The goal is not uniformity. It is understanding and idea exchange.
User avatar
soku
 
Posts: 1893
Joined: Fri Mar 25, 2011 10:02 am

Re: 08/22/2011 Intraday Watering

Postby Anaconda » Mon Aug 22, 2011 1:28 pm

So, we know Friday's phantom target bars were hit today. I'm betting this one, to around 112.64 on the SPY will too (esp. since most everyone expects the pop) :mrgreen:
Attachments
gifsetfetch.asp.gif
User avatar
Anaconda
 
Posts: 487
Joined: Fri May 06, 2011 2:57 pm

Re: 08/22/2011 Intraday Watering

Postby StrikePrice » Mon Aug 22, 2011 1:39 pm

I see a completed A-B-C-D in the bigger blue triangle. My wild guess is a breakdown will lead us to a lower low.

Could a bad Durable Orders report on Wednesday make for the lower low? News driven markets stink.
Attachments
SPY_5min.png
StrikePrice
 
Posts: 770
Joined: Wed Mar 30, 2011 1:27 pm

Re: 08/22/2011 Intraday Watering

Postby q2model » Mon Aug 22, 2011 1:39 pm

Cobra wrote:bear flag indeed, tinted area as textbook target.



Silly question, after you pointed out it was a bear flag, it looks like a bear flag. I would not be able to identify it myself. When can I find more examples of these kinds of charts so that I will be able to study them and recongnize them when they occur?

Thanks,
q2model
 
Posts: 307
Joined: Tue Feb 15, 2011 10:54 am

Re: 08/22/2011 Intraday Watering

Postby 99er » Mon Aug 22, 2011 1:41 pm

PRC Banks

"These things aren't banks."

http://www.nakedcapitalism.com/2011/08/ ... banks.html
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 08/22/2011 Intraday Watering

Postby 99er » Mon Aug 22, 2011 1:43 pm

q2model

http://thepatternsite.com/index.html

You may want to bookmark this.
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 08/22/2011 Intraday Watering

Postby KENA » Mon Aug 22, 2011 1:50 pm

UTIL is laging the mkt..TRANS are draging ..Watch them esp.the UTIL..With out them the mkt will go dn.
User avatar
KENA
 
Posts: 2995
Joined: Tue Feb 15, 2011 1:54 pm

Re: 08/22/2011 Intraday Watering

Postby Cobra » Mon Aug 22, 2011 1:50 pm

could draw a trend line here. still not much to say, the bigger picture may be a Descending Triangle is in the forming.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38023
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2011 Intraday Watering

Postby Cobra » Mon Aug 22, 2011 1:52 pm

here's the Descending Triangle I'm talking about. Just a possibility.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38023
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2011 Intraday Watering

Postby Cobra » Mon Aug 22, 2011 1:54 pm

q2model wrote:
Cobra wrote:bear flag indeed, tinted area as textbook target.



Silly question, after you pointed out it was a bear flag, it looks like a bear flag. I would not be able to identify it myself. When can I find more examples of these kinds of charts so that I will be able to study them and recongnize them when they occur?

Thanks,


you need read thousands of charts then you'll have the feeling.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38023
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2011 Intraday Watering

Postby Al_Dente » Mon Aug 22, 2011 2:01 pm

99er wrote:q2model

http://thepatternsite.com/index.html

You may want to bookmark this.


many thanks for that link
User avatar
Al_Dente
 
Posts: 18632
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/22/2011 Intraday Watering

Postby 99er » Mon Aug 22, 2011 2:02 pm

So honey...still planning that European vacation?

How about trailer parks!

http://www.huffingtonpost.com/2011/08/2 ... Airstream_

[Way off topic.]
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 08/22/2011 Intraday Watering

Postby janez » Mon Aug 22, 2011 2:06 pm

Cobra,
Based on Mar's rule, a gap up like this morning can be seen as strong momentum?
If so, can we say that this morning's high should be revisited near term? Feel bad I did not set stops for my long or exit them then.
Thanks
janez
 
Posts: 192
Joined: Mon Jun 13, 2011 4:30 pm

Re: 08/22/2011 Intraday Watering

Postby q2model » Mon Aug 22, 2011 2:06 pm

99er wrote:q2model

http://thepatternsite.com/index.html

You may want to bookmark this.



Thanks a lot
q2model
 
Posts: 307
Joined: Tue Feb 15, 2011 10:54 am

Re: 08/22/2011 Intraday Watering

Postby 99er » Mon Aug 22, 2011 2:14 pm

SPY

SPDR Gold Trust’s market capitalization rose to $76.7 billion on Aug. 19, according to the most recent data compiled by Bloomberg, as the metal topped $1,881 an ounce for the first time. SPDR S&P 500 ETF Trust (SPY), which has been the industry’s largest exchange-traded fund since 1993, stood at $74.4 billion, now 3.1 percent smaller. At the start of the year, the Standard & Poor’s 500 Index-tracking ETF was 56 percent larger.

http://www.bloomberg.com/news/2011-08-2 ... rmoil.html
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 08/22/2011 Intraday Watering

Postby Me XMan » Mon Aug 22, 2011 2:23 pm

Something smells and it's coming to light very soon.

From ZeroHedge site:
We take this moment from your busy schedules to update you that the CDS of Bank of America has reached escape velocity and has now entered suborbital traffic. At 370 bps, which is where the CDS is trading as of this moment, it is only 30 away from the 400 it hit in March of 2009 when the world had to be bailed out by the Fed: a ploy which this time will not work since every central bank has already doubled down to the hilt. In other news, expect bashing of evil bloggers who indicate BofA default risk spikes to commence momentarily as obviously it is only they who are to blame for BAC's upcoming bailout.
User avatar
Me XMan
 
Posts: 2014
Joined: Thu Feb 17, 2011 12:01 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], Google [Bot] and 8 guests