Back to www.cobrasmarketview.com

   

08/26/2011 Intraday Watering

Re: 08/26/2011 Intraday Watering

Postby BullBear52x » Fri Aug 26, 2011 1:40 pm

double top intraday with neg. D. got to do it this time I got to run to the rest room :lol: :lol: :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22034
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/26/2011 Intraday Watering

Postby tonghu » Fri Aug 26, 2011 1:49 pm

hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?

Cobra wrote:multiple supports around here, let's see. I still think more up ahead.
tonghu
 
Posts: 52
Joined: Mon Feb 14, 2011 12:35 pm

Re: 08/26/2011 Intraday Watering

Postby Tabby » Fri Aug 26, 2011 1:52 pm

BullBear52x wrote:double top intraday with neg. D. got to do it this time I got to run to the rest room :lol: :lol: :lol:

LOL.
Make sure, you powder your nose. :mrgreen:
Tabby
 
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 1:53 pm

tonghu wrote:hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?

Cobra wrote:multiple supports around here, let's see. I still think more up ahead.


it shouldn't be the log-scale chart, but to save time, I just disregard that. Trading is not science as long as you know my forecast, that should be enough.

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 1:56 pm

Key time, anytime revisit the previous high there's a chance blah blah, you know. I need see more bars, I'm not bearish yet. Hey who's the one wish for the higher high? You wish is true now, just a few cents higher but hey, you didn't say how high you want. :lol:
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 tonghu » Fri Aug 26, 2011 2:00 pm

got it, thanks :)

Cobra wrote:
tonghu wrote:hi, Cobra, one question, when you calculate the target, did you move the height of the first leg on a log-scale chart or an arithmetic-scale chart?

Cobra wrote:multiple supports around here, let's see. I still think more up ahead.


it shouldn't be the log-scale chart, but to save time, I just disregard that. Trading is not science as long as you know my forecast, that should be enough.
tonghu
 
Posts: 52
Joined: Mon Feb 14, 2011 12:35 pm

Re: 08/26/2011 Intraday Watering

Postby MajorEasy » Fri Aug 26, 2011 2:05 pm

due to the slope of the green dotted line, long only set-ups should be taken
this is my fast entry and exit chart....
Attachments
826 fast.png
the market's goal is to distribute the wealth of many to as few hands as possible
MajorEasy
 
Posts: 223
Joined: Wed Feb 16, 2011 9:53 pm

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 2:12 pm

as long as the green line below is not decisively broken, bulls should be fine. I'm still bullish biased.
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 Chrys » Fri Aug 26, 2011 2:13 pm

Cobra - what do you think about wave c of 4 (starting 8/22) is an Ending Diagonal. ED's have overlapping waves. We are in wave 3. Wave 4 should overlap with 1. Target = 1228 in about a week. Then Wave 5 down hard. 1010?
Chrys
 
Posts: 16
Joined: Thu Jun 02, 2011 8:24 am

Re: 08/26/2011 Intraday Watering

Postby newbie_77 » Fri Aug 26, 2011 2:13 pm

upside or roll over down side :D
newbie_77
 
Posts: 300
Joined: Fri Jul 29, 2011 1:47 pm

Re: 08/26/2011 Intraday Watering

Postby newbie_77 » Fri Aug 26, 2011 2:14 pm

i guess we have to take out
1175 and
1173 before we head down.
will that be a correct assumption ?
newbie_77
 
Posts: 300
Joined: Fri Jul 29, 2011 1:47 pm

Re: 08/26/2011 Intraday Watering

Postby Hattrick » Fri Aug 26, 2011 2:22 pm

Cobra wrote:Key time, anytime revisit the previous high there's a chance blah blah, you know. I need see more bars, I'm not bearish yet. Hey who's the one wish for the higher high? You wish is true now, just a few cents higher but hey, you didn't say how high you want. :lol:


Hi Cobra, I said to make it higher AND HIGHER. So please keep working on it. Thanks. :lol:
Hattrick
 
Posts: 4
Joined: Mon Jun 20, 2011 5:19 pm

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 2:27 pm

Chrys wrote:Cobra - what do you think about wave c of 4 (starting 8/22) is an Ending Diagonal. ED's have overlapping waves. We are in wave 3. Wave 4 should overlap with 1. Target = 1228 in about a week. Then Wave 5 down hard. 1010?


no idea. I think the current rebound is just an ABC zigzag, and that's why I gave the Measured Move target earlier.
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 2:28 pm

cannot believe bulls losing momentum this fast, but still as long as the green line hold or not decisively broken, then bulls are OK, otherwise, we'll have to see.
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 silkway » Fri Aug 26, 2011 2:38 pm

bear flag?
silkway
 
Posts: 86
Joined: Thu Jun 16, 2011 4:00 pm

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 2:51 pm

EMA gap long, hopefully it could pull bulls up.
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 EvilTrader » Fri Aug 26, 2011 2:59 pm

Cobra wrote:EMA gap long, hopefully it could pull bulls up.



Looks like a H&S forming @5min.

Also neg div.

think is likely to go down. :ugeek:
User avatar
EvilTrader
 
Posts: 675
Joined: Tue Feb 15, 2011 2:40 pm

Re: 08/26/2011 Intraday Watering

Postby pablorynx » Fri Aug 26, 2011 3:05 pm

Vol is being bot again in the pits. In the face of weekend decay. sounds like bad things are afoot
pablorynx
 
Posts: 116
Joined: Mon Apr 11, 2011 11:34 am

Re: 08/26/2011 Intraday Watering

Postby Cobra » Fri Aug 26, 2011 3:07 pm

cannot believe bulls losing momentum this fast. :cry:
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 hemlock21 » Fri Aug 26, 2011 3:11 pm

Let's not take our eyes of the ball today.

Greece 10 year bond yields exceeded their ALL TIME HIGH today (but backed off a bit). Think that explains Europe being down so much before our markets took off this morning.
hemlock21
 
Posts: 29
Joined: Mon Aug 01, 2011 11:21 am

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Cobra, Fieldydwb, Google [Bot], Google Adsense [Bot], Heck, mbsquants, q2model and 70 guests