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02/18/2011 Intraday Watering

Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:35 pm

Volume surge, I guess we'll rebound here, not sure if there's 3rd leg down.
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Re: 02/18/2011 Intraday Watering

Postby pezhead9000 » Fri Feb 18, 2011 3:37 pm

This daily play-by-play is awesome :!: You've moved to whole new level Cobra!
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Re: 02/18/2011 Intraday Watering

Postby shumushu » Fri Feb 18, 2011 3:41 pm

I am expecting another leg down to the bottom of the rising wedge later today or next week. That is the minimum target. 133.75
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Re: 02/18/2011 Intraday Watering

Postby Me XMan » Fri Feb 18, 2011 3:41 pm

+1

pezhead9000 wrote:This daily play-by-play is awesome :!: You've moved to whole new level Cobra!
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Re: 02/18/2011 Intraday Watering

Postby Me XMan » Fri Feb 18, 2011 3:42 pm

Or ready to short SPX.

nelsonbelchior wrote: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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Re: 02/18/2011 Intraday Watering

Postby verve$ » Fri Feb 18, 2011 3:43 pm

pezhead9000 wrote:This daily play-by-play is awesome :!: You've moved to whole new level Cobra!


Truly so. Thanks, Cobra
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Re: 02/18/2011 Intraday Watering

Postby zecatreca » Fri Feb 18, 2011 3:48 pm

"pezhead9000 wrote:
This daily play-by-play is awesome You've moved to whole new level Cobra!"
I agree!!!Congratulations cobra!
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:48 pm

Rebound as I said, now let's see how it deals with its first resistance...
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Re: 02/18/2011 Intraday Watering

Postby verve$ » Fri Feb 18, 2011 3:53 pm

Cobra wrote:Rebound as I said, now let's see how it deals with its first resistance...

Kind of a H&S breakout to the downside .....shouldn't break the resistance
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:56 pm

My little evil hatched plan usually goes like this, just usually...
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 3:59 pm

By the way, thanks guys, I see more discusstions here. If no discussion for a few more days, I'm afraid I have to go tick by tick. Glad now it seems 5 min chart is enough. :lol:

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Re: 02/18/2011 Intraday Watering

Postby simpletrader » Fri Feb 18, 2011 3:59 pm

Cobra wrote:My little evil hatched plan usually goes like this, just usually...


if that is the case, more upside next week.
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 4:07 pm

simpletrader wrote:
Cobra wrote:My little evil hatched plan usually goes like this, just usually...


if that is the case, more upside next week.


Yeap, the end of day action tends to extend to the next trading day. If you may recall that yesterday at close I said it's good short setup, go see today's chart, isn't the same short setup carried on at the opening today?

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Re: 02/18/2011 Intraday Watering

Postby Me XMan » Fri Feb 18, 2011 4:11 pm

Barring nothing happened over Middle-East or Europe over the weekend.

Cobra wrote:
simpletrader wrote:
Cobra wrote:My little evil hatched plan usually goes like this, just usually...


if that is the case, more upside next week.


Yeap, the end of day action tends to extend to the next trading day. If you may recall that yesterday at close I said it's good short setup, go see today's chart, isn't the same short setup carried on at the opening today?
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Re: 02/18/2011 Intraday Watering

Postby Travelfrog » Fri Feb 18, 2011 4:16 pm

Chart with trend

SPY.png
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Re: 02/18/2011 Intraday Watering

Postby nelsonbelchior » Fri Feb 18, 2011 4:23 pm

Travelfrog wrote:Chart with trend

SPY.png



Nice chart
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Re: 02/18/2011 Intraday Watering

Postby wxtrader001 » Fri Feb 18, 2011 4:26 pm

Cobra wrote:My little evil hatched plan usually goes like this, just usually...

Cobra,your feeling is so exact! perfect
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Re: 02/18/2011 Intraday Watering

Postby Travelfrog » Fri Feb 18, 2011 4:33 pm

nelsonbelchior wrote:
Travelfrog wrote:Chart with trend

SPY.png



Nice chart


Still on trial with the "Twin Cloud Trend", but generally should trade in direction of trend if both are same colour. If both clouds are different colours, then either don't trade or wait for confirmation of change in trend. Does repaint unfortunately. Arrows are attempt at wave forecast and future direction.

CCI with bollinger helps with immediate change.

Never traded SPY as not offered through my broker. Normally trade SPX, but after last night, managed to get 7 day trial of SPY from Prorealtime to join in on this board.
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Re: 02/18/2011 Intraday Watering

Postby verve$ » Fri Feb 18, 2011 4:36 pm

Market to close at 1340. Bernake just called me a while ago
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Re: 02/18/2011 Intraday Watering

Postby Cobra » Fri Feb 18, 2011 4:37 pm

wxtrader001 wrote:
Cobra wrote:My little evil hatched plan usually goes like this, just usually...

Cobra,your feeling is so exact! perfect


By the way, please keep me informed if Hutong9 is still available in China. Thanks.

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