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02/18/2011 Intraday Watering

Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 2:31 pm

Some support here. This still doesn't look like a sell off.
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Re: 02/18/2011 Intraday Watering

Postby jaaawf » Fri Feb 18, 2011 2:32 pm

Cobra wrote:
verve$ wrote:Hi Cobra, can you please make the post message appearing in descending order.
Default is - Post Time - Ascending

Better would be Post Time - Descending.

Thanks


Depends on how many people want this?


I set mine to descending too. Much easier in my opinion. But the blog is great and your time and thoughts are much appreciated Cobra.
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Re: 02/18/2011 Intraday Watering

Postby simpletrader » Fri Feb 18, 2011 2:33 pm

Cobra wrote:Measured Move:


cobra, you almost scared me. target 143.8??? oh
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 2:33 pm

oil droping sharply that's why we have this pullback. Anyone knows what's going on?
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Re: 02/18/2011 Intraday Watering

Postby OveSentlig » Fri Feb 18, 2011 2:33 pm

Cobra wrote:Funny, I cannot find anywhere to change the default to Descending. Guess you guys have to change it every time manually. I'll keep searching for the settings...


Each user can set his preferences in "Board Preferences" (in User Control Panel"
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 2:34 pm

simpletrader wrote:
Cobra wrote:Measured Move:


cobra, you almost scared me. target 143.8??? oh


I meant 134.8 and it's reached.

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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 2:35 pm

OveSentlig wrote:
Cobra wrote:Funny, I cannot find anywhere to change the default to Descending. Guess you guys have to change it every time manually. I'll keep searching for the settings...


Each user can set his preferences in "Board Preferences" (in User Control Panel"


Thanks. :D

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Re: 02/18/2011 Intraday Watering

Postby EvilTrader » Fri Feb 18, 2011 2:39 pm

Cobra wrote:oil droping sharply that's why we have this pullback. Anyone knows what's going on?



apparently, protesters in middleeast are risking a disruption in oil supply, thats adding a lot of volatility to oil prices lately, as new political developments happens.
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 2:40 pm

Could be an exhaustion bar here, we may pause here then should be another leg down. (Nowadays, we may have only one leg though)
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Re: 02/18/2011 Intraday Watering

Postby ahdou » Fri Feb 18, 2011 2:48 pm

Cobra wrote:Could be an exhaustion bar here, we may pause here then should be another leg down. (Nowadays, we may have only one leg though)


that's right, nowadays no 2nd down leg :-), to fill the gap next?
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Re: 02/18/2011 Intraday Watering

Postby uempel » Fri Feb 18, 2011 2:54 pm

Wow, I nearly covered my shorts at 1344. Happy I had nerves and kudos to stick with yesterday's decision, which proved to be correct: nobody is very keen to keep long positions over long weekend, especially in view of unrest in the Middle East (and of course in Wisconsin...) Difficult day for me, as I had not anticipated such a strong surge after the opening:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3
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Re: 02/18/2011 Intraday Watering

Postby nelsonbelchior » Fri Feb 18, 2011 3:00 pm

uempel wrote:Wow, I nearly covered my shorts at 1344. Happy I had nerves and kudos to stick with yesterday's decision, which proved to be correct: nobody is very keen to keep long positions over long weekend, especially in view of unrest in the Middle East (and of course in Wisconsin...) Difficult day for me, as I had not anticipated such a strong surge after the opening:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3


Totally agree with you. Waiting for monday already...
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Re: 02/18/2011 Intraday Watering

Postby simpletrader » Fri Feb 18, 2011 3:04 pm

Cobra wrote:
simpletrader wrote:
Cobra wrote:Measured Move:


cobra, you almost scared me. target 143.8??? oh


I meant 134.8 and it's reached.


figure out what you meant.
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Re: 02/18/2011 Intraday Watering

Postby 99er » Fri Feb 18, 2011 3:14 pm

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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:15 pm

Critical time, I guess. 2 bar reversal, strong bullish follow through then another 2 bar reversal, but with no bearish follow through instead could be 2 inside bars, market is thinking...
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:20 pm

Here comes the 2nd leg down.
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:21 pm

I should say: here comes the 2nd leg down, FINALLY.

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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:25 pm

OR low support...
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Re: 02/18/2011 Intraday Watering

Postby shumushu » Fri Feb 18, 2011 3:32 pm

uempel wrote:Wow, I nearly covered my shorts at 1344. Happy I had nerves and kudos to stick with yesterday's decision, which proved to be correct: nobody is very keen to keep long positions over long weekend, especially in view of unrest in the Middle East (and of course in Wisconsin...) Difficult day for me, as I had not anticipated such a strong surge after the opening:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3


Yeah I was a little worried with my nasdaq short, very close to my stop.
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Re: 02/18/2011 Intraday Watering

Postby nelsonbelchior » Fri Feb 18, 2011 3:34 pm

Well i guess almost all the guys here are short, just like me and the market won´t go down :shock:
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