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09/01/2011 Intraday Watering

Re: 09/01/2011 Intraday Watering

Postby pidge66 » Thu Sep 01, 2011 2:40 pm

Cobra, and fellow Chinese traders:

I own LFC as my only Chinese blue chip holding (just 200 shrs but in big red). Anyone has any idea what's wrong with this company fundamentally?
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Re: 09/01/2011 Intraday Watering

Postby Cobra » Thu Sep 01, 2011 2:44 pm

tinted area as rebound target. I don't think today's intraday sell off would be bought again like the previous 2 days, but we'll see anything could happen.
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Re: 09/01/2011 Intraday Watering

Postby BullTart » Thu Sep 01, 2011 2:58 pm

Kiss of death - odds are higher now for a decline to follow-through at this point. I agree w/Cobra that this intraday decline won't be bought unlike the past few sessions where it did.
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Re: 09/01/2011 Intraday Watering

Postby ultramarine » Thu Sep 01, 2011 3:06 pm

Great call today, Cobra. This is my first post. Just wanted to say how much I enjoy this great discussion board. Informative, educational and friendly. A rare combination.

I'm sure its been mentioned already, but one possible reversal area for this pullback might be around 118. This would do two things at once -- fill the gap from Aug 29 and back test the prior triangle resistance. It may be a bit of a tall order now, but tomorrow or Tuesday -- who knows?
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Re: 09/01/2011 Intraday Watering

Postby heavenskrow » Thu Sep 01, 2011 3:08 pm

Dollar breaks above key resistance....Deflation time.... Though we will need a confirmation tomorrow.
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Re: 09/01/2011 Intraday Watering

Postby Cobra » Thu Sep 01, 2011 3:11 pm

ultramarine wrote:Great call today, Cobra. This is my first post. Just wanted to say how much I enjoy this great discussion board. Informative, educational and friendly. A rare combination.

I'm sure its been mentioned already, but one possible reversal area for this pullback might be around 118. This would do two things at once -- fill the gap from Aug 29 and back test the prior triangle resistance. It may be a bit of a tall order now, but tomorrow or Tuesday -- who knows?


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Re: 09/01/2011 Intraday Watering

Postby cougar » Thu Sep 01, 2011 3:11 pm

pidge66 wrote:Cobra, and fellow Chinese traders:

I own LFC as my only Chinese blue chip holding (just 200 shrs but in big red). Anyone has any idea what's wrong with this company fundamentally?


Hello, Pidge:
I am not Chinese, but I know LFC…Its profits for the first ½ year fell 28%!!!
Bad sector…both in the US and in China!!
However, its P/E is stil 15.7, which makes it attractive at this low level…
I would not buy it until it shows some signs of life, again..
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Re: 09/01/2011 Intraday Watering

Postby StrikePrice » Thu Sep 01, 2011 3:12 pm

Cobra wrote:tinted area as rebound target. I don't think today's intraday sell off would be bought again like the previous 2 days, but we'll see anything could happen.


We got 3 cents lower which is enough to end the Flat. I think your Cobra sense is right but we're not far away from being able to break today's down trend line and give Bulls hope for tomorrow being green.
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Re: 09/01/2011 Intraday Watering

Postby jarbo456 » Thu Sep 01, 2011 3:15 pm

StrikePrice wrote:
Cobra wrote:tinted area as rebound target. I don't think today's intraday sell off would be bought again like the previous 2 days, but we'll see anything could happen.


We got 3 cents lower which is enough to end the Flat. I think your Cobra sense is right but we're not far away from being able to break today's down trend line and give Bulls hope for tomorrow being green.


is the phantom bar target to the downside still i play?
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Re: 09/01/2011 Intraday Watering

Postby heavenskrow » Thu Sep 01, 2011 3:16 pm

cougar wrote:
pidge66 wrote:Cobra, and fellow Chinese traders:

I own LFC as my only Chinese blue chip holding (just 200 shrs but in big red). Anyone has any idea what's wrong with this company fundamentally?


Hello, Pidge:
I am not Chinese, but I know LFC…Its profits for the first ½ year fell 28%!!!
Bad sector…both in the US and in China!!
However, its P/E is stil 15.7, which makes it attractive at this low level…
I would not buy it until it shows some signs of life, again..


Ouch....why hold that? Technical is ugly... I see some huge support at 29.4 level
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Re: 09/01/2011 Intraday Watering

Postby heavenskrow » Thu Sep 01, 2011 3:17 pm

VIX is green now..... get ready for fireworks maybe?
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Re: 09/01/2011 Intraday Watering

Postby Cobra » Thu Sep 01, 2011 3:21 pm

the direction is still hard to say, bears have the ball and are attacking that's all I can say because consolidate below neckline favors bears a little bit. Let's wait if the real breakdown occurs.
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Re: 09/01/2011 Intraday Watering

Postby jarbo456 » Thu Sep 01, 2011 3:27 pm

Cobra wrote:the direction is still hard to say, bears have the ball and are attacking that's all I can say because consolidate below neckline favors bears a little bit. Let's wait if the real breakdown occurs.


we may run out of time for a true breakout as well. SPY looks comfortable trading between 121.56 and 120.96.
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Re: 09/01/2011 Intraday Watering

Postby seekingknowledge » Thu Sep 01, 2011 3:27 pm

Cobra wrote:the direction is still hard to say, bears have the ball and are attacking that's all I can say because consolidate below neckline favors bears a little bit. Let's wait if the real breakdown occurs.


Thanks! Like everyone says, Cobra is the best!
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Re: 09/01/2011 Intraday Watering

Postby heavenskrow » Thu Sep 01, 2011 3:36 pm

Fight Fight Fight!!!!! I love the volatility in the last few minutes....they do this on purpose =p
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Re: 09/01/2011 Intraday Watering

Postby Al_Dente » Thu Sep 01, 2011 3:37 pm

margin calls tomorrow
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Re: 09/01/2011 Intraday Watering

Postby Cobra » Thu Sep 01, 2011 3:39 pm

bears still have the ball and attacking, now it looks more likely to breakdown...
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Re: 09/01/2011 Intraday Watering

Postby jarbo456 » Thu Sep 01, 2011 3:40 pm

jarbo456 wrote:
Cobra wrote:the direction is still hard to say, bears have the ball and are attacking that's all I can say because consolidate below neckline favors bears a little bit. Let's wait if the real breakdown occurs.


we may run out of time for a true breakout as well. SPY looks comfortable trading between 121.56 and 120.96.


spoke too soon. looks like we have plenty of time! :D
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Re: 09/01/2011 Intraday Watering

Postby KENA » Thu Sep 01, 2011 3:41 pm

Sure hard for the Bears to break thru the 121 level.Lets give them help.
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Re: 09/01/2011 Intraday Watering

Postby pdz » Thu Sep 01, 2011 3:43 pm

heavenskrow wrote:Fight Fight Fight!!!!! I love the volatility in the last few minutes....they do this on purpose =p


What purpose is it?
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