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08/23/2011 Intraday Watering

simpletrader
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Re: 08/23/2011 Intraday Watering

Post by simpletrader »

Cobra wrote:not sure the next, feels like another test on day's high. tomorrow a little bit bearish biased by the way, assuming we close right here.
why is bearish biased? because 3 big push-up today?
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Cobra
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Re: 08/23/2011 Intraday Watering

Post by Cobra »

yellowreign wrote:Cobra, it seems like you still believe that the overall short-term trend is bearish. Is that just your intuition or is there something technical telling you that? Also, yesterday you said that it looks like the VIX may turn down (which it did today). Doesn't that mean that the market would head up?
there're always some exceptions for sure (that the all time low was in), but I don't trade on exception, so I'll still assume this is just a rebound.

Assume we close right here, the short-term trend changes to up from down but not confirmed, so if starting from tomorrow, it keeps up and up and up, I'll take on the long side.

so for me, I really don't care whether the low will be tested or not, as I simply follow, the market can never be wrong. This is called trade what I see although I believe the low wasn't in yet, but I'm always prepared that I'm totally wrong.

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Cobra
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Re: 08/23/2011 Intraday Watering

Post by Cobra »

simpletrader wrote:
Cobra wrote:not sure the next, feels like another test on day's high. tomorrow a little bit bearish biased by the way, assuming we close right here.
why is bearish biased? because 3 big push-up today?
I'll explain later. You know I need find something to write everyday, so I need leave some info to reveal later, otherwise you guys would run away. Hey, I'm a business man, I need keep visits growing on my sites otherwise I'd be losing interest in blogging. :lol:

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Cobra
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Re: 08/23/2011 Intraday Watering

Post by Cobra »

zudec wrote:Cobra,
Made first day trades yesterday and today...based on knowledge learned here over last months. Both were green (so now must not get overconfident!)!!
Thank You for your teachings.
you're welcome.

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99er
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Re: 08/23/2011 Intraday Watering

Post by 99er »

cougar

I see that Volpanacci speaks fluent Japanese.

Three White Soldiers...Three Black Crows...

Cool machine!
AK84
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Re: 08/23/2011 Intraday Watering

Post by AK84 »

Cobra

You are the MANN!!

"Rebound no later than Tuesday".

Take a bow sir...take a bow!!
uempel
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Re: 08/23/2011 Intraday Watering

Post by uempel »

There are 100/100 zigzags, and there are 100/61.8 zigzags...
SPX13.png
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Cobra
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Re: 08/23/2011 Intraday Watering

Post by Cobra »

well, guess that's it for today, as I said a retest of the day high before the close, thank you guys, I'll see you tomorrow.
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Cobra
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Re: 08/23/2011 Intraday Watering

Post by Cobra »

AK84 wrote:Cobra

You are the MANN!!

"Rebound no later than Tuesday".

Take a bow sir...take a bow!!


:lol: thanks.

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uempel
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Re: 08/23/2011 Intraday Watering

Post by uempel »

Top of my zigzag was breached, let's see what happens at the close...
StrikePrice
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Re: 08/23/2011 Intraday Watering

Post by StrikePrice »

BullBear52x wrote:
cougar wrote:SPY target met : 116.40
Yes, you called it.
Right on. Took a tiny short trade as planned, not as big because of volume.

There's a downtrend line along with the gap below 117 so that's not going to be an easy zone to break. Bulls would need something to gap, backfill, and go to make me feel more Bullish than Bearish and believe in this rally.

Some really nice looking moves on individual stocks today. Those who were collecting calls yesterday must be feeling pretty good.
biotrader
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Re: 08/23/2011 Intraday Watering

Post by biotrader »

I think a p/b tomorrow is a strong BUY. Cobra I must disagree with you on your bias :D
cougar
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Re: 08/23/2011 Intraday Watering

Post by cougar »

ERRATUM: Due to a regrettable glitch during downloading/uploading, the SI (Siemens) chart posted at 3:48 pm EDT was incomplete and should be replaced with the one below, on which the Fan is complete and W4 (magenta) is also marked.
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DEBRAJDUDEK
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Re: 08/23/2011 Intraday Watering

Post by DEBRAJDUDEK »

Cobra wrote:
AK84 wrote:Cobra

You are the MANN!!

"Rebound no later than Tuesday".

Take a bow sir...take a bow!!


:lol: thanks.
Ditto on that! Wish I could be that good ... working on it one day at a time. Congratulations. Impressive indeed.
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