Back to www.cobrasmarketview.com

   

08/26/2011 Intraday Watering

Re: 08/26/2011 Intraday Watering

Postby 99er » Fri Aug 26, 2011 12:33 pm

Well...that should do it.
SPX http://99ercharts.blogspot.com/2011/08/spx_4314.html

That does it for me. Have a great weekend!
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 08/26/2011 Intraday Watering

Postby DAB » Fri Aug 26, 2011 12:37 pm

First time I have charted the 24hr ES.....Interesting.
Attachments
24hr ES.JPG
DAB
 
Posts: 10
Joined: Fri Apr 08, 2011 10:39 am

Re: 08/26/2011 Intraday Watering

Postby BullBear52x » Fri Aug 26, 2011 12:38 pm

99er wrote:Well...that should do it.
SPX http://99ercharts.blogspot.com/2011/08/spx_4314.html

That does it for me. Have a great weekend!

what? everyone leave already? have a good one.
500$ more I'll be gone too, lets do it bears! 117 that's all I ask for this time :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22035
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/26/2011 Intraday Watering

Postby cougar » Fri Aug 26, 2011 12:39 pm

Cobra wrote:
Bencat wrote:
Cobra wrote:another rest here, should be, then more on the upside.


bulls seems to be stronger now! :o


don't underestimate the power of Cobra side, I said rest, it will rest... :twisted:


The force is with Cobra!
QLD gives some signs of getting tired:
Attachments
QLDgif.GIF
cougar
 
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 08/26/2011 Intraday Watering

Postby trader0303 » Fri Aug 26, 2011 12:48 pm

bull flag forming on SPY?
User avatar
trader0303
 
Posts: 54
Joined: Mon Aug 15, 2011 12:35 pm

Re: 08/26/2011 Intraday Watering

Postby ddd » Fri Aug 26, 2011 12:49 pm

BullBear52x wrote:
ddd wrote:The questions to be asked is at what point, if this grinding up rally continues, a short squeeze will be triggered. /ES 1189? We are getting close.

120 SPY



There about.

I don't think we are going to get there today, with the hurricane weekend looming ahead. But given the reaction to the non-QE3 speech, the short to intermediate term lows could have been behind, pending one more confirmation (higher swing low). Will not chasing this rally and adding long positions at this point, waiting for a pull back.
ddd
 
Posts: 165
Joined: Mon Feb 14, 2011 12:18 pm

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 12:51 pm

multiple supports around here, let's see. I still think more up ahead.
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: 45121
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/26/2011 Intraday Watering

Postby KENA » Fri Aug 26, 2011 12:55 pm

Taking a rest from my workout and ckecking my 1 min line chart it looks like the rounded top could form a dome effect. If it forms then we will test the days low.But ,But and but again these domes usually fail.I find if they make to the 50% mark they have a 70% chance.Something to watch.Now back to work out.
User avatar
KENA
 
Posts: 2995
Joined: Tue Feb 15, 2011 1:54 pm

Re: 08/26/2011 Intraday Watering

Postby Hattrick » Fri Aug 26, 2011 1:03 pm

Cobra wrote:
Bencat wrote:
Cobra wrote:another rest here, should be, then more on the upside.


bulls seems to be stronger now! :o


don't underestimate the power of Cobra side, I said rest, it will rest... :twisted:



Good call, Cobra. Please make it higher and higher, thanks.
Hattrick
 
Posts: 4
Joined: Mon Jun 20, 2011 5:19 pm

Re: 08/26/2011 Intraday Watering

Postby Anaconda » Fri Aug 26, 2011 1:07 pm

Staying in the forming triangle. Bulls expending a lot of firepower into the weekend. Hope we hit 119, so I can go short again. (Morning shorts got stopped out, dang it.)
Attachments
gifsetfetch.asp.gif
User avatar
Anaconda
 
Posts: 487
Joined: Fri May 06, 2011 2:57 pm

Re: 08/26/2011 Intraday Watering

Postby silicon_beaver » Fri Aug 26, 2011 1:07 pm

waiting for pull-back. ERX peaked.
User avatar
silicon_beaver
 
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: 08/26/2011 Intraday Watering

Postby 99er » Fri Aug 26, 2011 1:09 pm

Attention East Coasters

WARNING: 130+ mph hurricane forecast to make landfall nearby NC nuke plant that’s only “built to withstand winds of 128 mph” — Could be a “once-in-50-year” event for Northeast

http://enenews.com/warning-130-mph-once ... of-128-mph

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

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 1:10 pm

Hattrick wrote:
Cobra wrote:
Bencat wrote:
Cobra wrote:another rest here, should be, then more on the upside.


bulls seems to be stronger now! :o


don't underestimate the power of Cobra side, I said rest, it will rest... :twisted:



Good call, Cobra. Please make it higher and higher, thanks.


your wish is granted. :mrgreen:

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: 45121
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/26/2011 Intraday Watering

Postby splayer » Fri Aug 26, 2011 1:13 pm

New Bee Here!!! Thanks Cobra.
Target 119.2 today?
splayer
 
Posts: 1
Joined: Tue Aug 16, 2011 1:23 pm

Re: 08/26/2011 Intraday Watering

Postby BullBear52x » Fri Aug 26, 2011 1:24 pm

ddd wrote:
BullBear52x wrote:
ddd wrote:The questions to be asked is at what point, if this grinding up rally continues, a short squeeze will be triggered. /ES 1189? We are getting close.

120 SPY



There about.

I don't think we are going to get there today, with the hurricane weekend looming ahead. But given the reaction to the non-QE3 speech, the short to intermediate term lows could have been behind, pending one more confirmation (higher swing low). Will not chasing this rally and adding long positions at this point, waiting for a pull back.

at the moment short term trend is up, I would buy the Dip also, but the selling yesterday telling me that new recent high 120ish is needed to break out and confirm the further move, if not the counter trending trading is as good. that's just my thinking.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22035
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/26/2011 Intraday Watering

Postby newbie_77 » Fri Aug 26, 2011 1:26 pm

we have been on 0.20 range for the last hour LOL .. its getting boring..
so we close 119 looks liek
newbie_77
 
Posts: 300
Joined: Fri Jul 29, 2011 1:47 pm

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 1:26 pm

lunch time, will be back. I see Rectangle or Bull Flag here, so will continue higher.
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: 45121
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 1:27 pm

splayer wrote:New Bee Here!!! Thanks Cobra.
Target 119.2 today?


welcome aboard.

hopefully reaching your target.

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: 45121
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/26/2011 Intraday Watering

Postby frankthetank » Fri Aug 26, 2011 1:30 pm

anyone playing gold. i got caught short and it seems that the s and p and gold are moving together now.
frankthetank
 
Posts: 106
Joined: Wed Aug 24, 2011 11:34 am

Re: 08/26/2011 Intraday Watering

Postby BullBear52x » Fri Aug 26, 2011 1:32 pm

bottom chart is DBV, this chart tells me that liquidity is good, lots of cash out there which should favor bulls, I got spank last time with this gauge once so not to be totally trusted but good indication for carry trade.
Attachments
spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22035
Joined: Tue Feb 22, 2011 3:47 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: 1der, Fieldydwb, Google Adsense [Bot], Heck, q2model and 61 guests