Back to www.cobrasmarketview.com

08/29/2011 Intraday Watering

User avatar
heavenskrow
Posts: 1030
Joined: Tue Aug 16, 2011 11:17 am
Contact:

Re: 08/29/2011 Intraday Watering

Post by heavenskrow »

Oscar at Omni always says "Holiday Reversal"

Whatever trend prior to holiday(Labor Day weekend), traders leave to their homes and prices go reverse of prior trend.
nasa1100
Posts: 34
Joined: Tue Feb 15, 2011 4:05 pm

Re: 08/29/2011 Intraday Watering

Post by nasa1100 »

nasa1100 wrote:Having a MAD again...
so, a confirmed bottom finally!
User avatar
heavenskrow
Posts: 1030
Joined: Tue Aug 16, 2011 11:17 am
Contact:

Re: 08/29/2011 Intraday Watering

Post by heavenskrow »

Today is awesome day!!!!!!!!! Break above key resistance, GO FUCKIN BULLLLLLLLLLS!
varaamo
Posts: 41
Joined: Tue Aug 02, 2011 2:04 pm

Re: 08/29/2011 Intraday Watering

Post by varaamo »

what is MAD? Sorry for my ignorance,
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/29/2011 Intraday Watering

Post by BullBear52x »

1212 there you go Uempel, Bulls marching in!!!!
My comments are for entertainment/educational purpose only. NOT a trade advice.
Mongoose
Posts: 148
Joined: Sun Aug 28, 2011 4:49 am

Re: 08/29/2011 Intraday Watering

Post by Mongoose »

Cobra - if SPY closed above its August 17 high of 121 and change, would that suggest a "rising wedge" you illustrated on the 26th? Would it also suggest a few more days of this rebound?
Last edited by Mongoose on Mon Aug 29, 2011 2:39 pm, edited 1 time in total.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/29/2011 Intraday Watering

Post by Al_Dente »

Cobra wrote:I'll consider the target has been reached.
Cobra: perfect target, once again.
Thanks.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
mac769
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

Re: 08/29/2011 Intraday Watering

Post by mac769 »

uempel wrote:Went short now :o (don't copy, this is high risk!)
SPX7.png
yes, could be a bear trap in the making

the markets sometime can climb a wall of worry
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/29/2011 Intraday Watering

Post by Cobra »

Mongoose wrote:Cobra - if SPY closed above its August 17 high of 121 and change, would that suggest a "rising wedge" you illustrated on the 26th? Would it also suggest a few more days of this rebound?
more rebound if close right here, and it's still could be Rising Wedge case unless we're up huge from here with no real pullback.

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
mac769
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

Re: 08/29/2011 Intraday Watering

Post by mac769 »

MajorEasy wrote:
uempel wrote:Went short now :o (don't copy, this is high risk!)
SPX7.png
good call!!!!
Thx for sharing

...NEVER short a dull market--- I have no reason to believe this was the top
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/29/2011 Intraday Watering

Post by Cobra »

first of all, the first Measured Move target (ZigZag) has been reached. I see a small Rising Wedge here but need see more, because it's very difficult to time when the wedge will breakdown.
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
mac769
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

Re: 08/29/2011 Intraday Watering

Post by mac769 »

AK84 wrote:
KENA wrote:IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.
Yup. I agree. Im short CMG , NFLX and GOOG (max pain is 545). all positions entered today.

AAPL is not moving either....which is a red flag to me even though im long and have a target of 397...im thinking of leaving 1 oct call on as a hedge for my shorts!

But I would love to see the maket caught with its PANTSSSSS DOWNNN!!! :lol: :lol:
I am sorry to disagree, but this sure sounds like a suicide tactic this early...

bears make money, bulls make money, but pigs get slaughtered
Mongoose
Posts: 148
Joined: Sun Aug 28, 2011 4:49 am

Re: 08/29/2011 Intraday Watering

Post by Mongoose »

Cobra - I have noticed too, 1206 is the Fibonnaci retracement level of 38.2% (between the high in July and the recent low). This is the 2nd attempt by the market. Is there any technical interpretation to this?
Last edited by Mongoose on Mon Aug 29, 2011 2:50 pm, edited 1 time in total.
ddd
Posts: 165
Joined: Mon Feb 14, 2011 12:18 pm

Re: 08/29/2011 Intraday Watering

Post by ddd »

varaamo wrote:ddd,

just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?

Thanks
ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

Image
The built-in MACDHIstogramCrossover(8,21,9,EMA) as shown in the header. Only as references, I don't trade based on those signals along, as they cause trouble during consolidation / sideways.
seeyou
Posts: 44
Joined: Wed May 25, 2011 2:22 pm

Re: 08/29/2011 Intraday Watering

Post by seeyou »

Larger than normal call volume in ZSL .. a drop in Silver with more SPX upside ?
rola
Posts: 163
Joined: Tue Apr 26, 2011 1:12 pm

Re: 08/29/2011 Intraday Watering

Post by rola »

It looks today the law of gravity does not apply for US market, or does it?
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/29/2011 Intraday Watering

Post by Cobra »

Mongoose wrote:Cobra - I have noticed too, 1206 is the Fibonnaci retracement level of 38.2% (between the high in July and the recent low). This is the 2nd attempt by the market. Is there any technical interpretation to this?
If pullback from this level then it's resistance otherwise it's nothing, so not much implication.

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.
varaamo
Posts: 41
Joined: Tue Aug 02, 2011 2:04 pm

Re: 08/29/2011 Intraday Watering

Post by varaamo »

If you don't mind, can you share your entry/exit strategy in intraday /TF?

Thanks in advance,
varaamo
ddd wrote:
varaamo wrote:ddd,

just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?

Thanks
ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

Image
The built-in MACDHIstogramCrossover(8,21,9,EMA) as shown in the header. Only as references, I don't trade based on those signals along, as they cause trouble during consolidation / sideways.
User avatar
heavenskrow
Posts: 1030
Joined: Tue Aug 16, 2011 11:17 am
Contact:

Re: 08/29/2011 Intraday Watering

Post by heavenskrow »

i think top is in for today
Mongoose
Posts: 148
Joined: Sun Aug 28, 2011 4:49 am

Re: 08/29/2011 Intraday Watering

Post by Mongoose »

thank you cobra
Last edited by Mongoose on Mon Aug 29, 2011 3:02 pm, edited 1 time in total.
Post Reply