09/12/2011 Intraday Watering

KENA · Post by **KENA** » Mon Sep 12, 2011 3:00 pm

On the 60 min charts the stoh's are ready to turn up.We are over bought for now and we may just chew around here for a few days until things burn off.Lets wait and see.

agnosia · Post by **agnosia** » Mon Sep 12, 2011 3:00 pm

BullBear52x wrote:the action like what we just have here will shake the new bears out in no time tough skin bears are ones will enjoy a gap to follow.

yes i think this will prove to be the case in the end. cash is a position and i'm staying in it

for now it's all about playing stops, whip saw action on the line to screw with both bull and bear.

StrikePrice · Post by **StrikePrice** » Mon Sep 12, 2011 3:02 pm

jarbo456 wrote:
BullBear52x wrote:the action like what we just have here will shake the new bears out in no time tough skin bears are ones will enjoy a gap to follow.
well that didn't last too long. lol

Yeah, I think the HFT machines stop buying breakouts after 20-25 minutes. Then we get to see whether real money wants to play.

Al_Dente · Post by **Al_Dente** » Mon Sep 12, 2011 3:03 pm

I'm not afraid of you bulls, just got something stuck in my paw

Where is the cobra when we need him

Post by **Cobra** » Mon Sep 12, 2011 3:04 pm

guys, I'm back. still it's consolidation therefore no good for bulls although the previous 2 times after the consolidation the breakout was on the upside. The question is: will the 3rd time be different?

Tuna1889 · Post by **Tuna1889** » Mon Sep 12, 2011 3:05 pm

Ha ! Zero Hedge predicted the half life of the Chinese rumor at 15 minutes.

bushwaffle · Post by **bushwaffle** » Mon Sep 12, 2011 3:08 pm

hanging tough, waiting for some downside

champix · Post by **champix** » Mon Sep 12, 2011 3:09 pm

For information, China is used to come and say : "we will help buying some treasuries".
They did exactely the same with :
- Greece
- Portugal
- Spain & Italy
It is definitely a "no news"... but we need hope...

Post by **Cobra** » Mon Sep 12, 2011 3:09 pm

jaaawf wrote:Cobra, I just looked at your SPY short term trading signals chart and I think there is a visible divergence with regard to RSI. Do you see it and do you make anything of it at this point?

I saw the divergence, but we still have to wait for the consolidation range to breakout, divergence is just a sign, to trade it, needs other signal to confirm because in a strong trend, divergence can last a long long time.

BullBear52x · Post by **BullBear52x** » Mon Sep 12, 2011 3:11 pm

Bears need RED daily candle to seal the deal, good luck all, thanks Cobra, this weekend report was another A+++ from you. GLTA.

frankthetank · Post by **frankthetank** » Mon Sep 12, 2011 3:13 pm

Anyone explain how the SPY and the US markets are holding strong while the rest of the worlds stock markets are breaking down. Even the TSX is down 3 times the loss of the states.

Post by **Cobra** » Mon Sep 12, 2011 3:15 pm

bull need a H1 the next bar, otherwise no good.

Al_Dente · Post by **Al_Dente** » Mon Sep 12, 2011 3:18 pm

so the VIX sucks on the 1m
but pullback and look at the 30m
she's such a lovely little bear

http://stockcharts.com/h-sc/ui?s=$VIX&p ... =243527099

seekingknowledge · Post by **seekingknowledge** » Mon Sep 12, 2011 3:19 pm

frankthetank wrote:Anyone explain how the SPY and the US markets are holding strong while the rest of the worlds stock markets are breaking down. Even the TSX is down 3 times the loss of the states.

Now that is a dang good question -- been wondering it all day myself. Maybe better M&M's (manipulation) in US?

Post by **Cobra** » Mon Sep 12, 2011 3:19 pm

frankthetank wrote:Anyone explain how the SPY and the US markets are holding strong while the rest of the worlds stock markets are breaking down. Even the TSX is down 3 times the loss of the states.

usually the rest of the world tell the truth, especially TSX.

heavenskrow · Post by **heavenskrow** » Mon Sep 12, 2011 3:24 pm

frankthetank wrote:Anyone explain how the SPY and the US markets are holding strong while the rest of the worlds stock markets are breaking down. Even the TSX is down 3 times the loss of the states.

I think its because the 30yr treasuries still cant close above resistance.

Petsamo · Post by **Petsamo** » Mon Sep 12, 2011 3:24 pm

If we finish above the open, we should gap up tomorrow.

frankthetank · Post by **frankthetank** » Mon Sep 12, 2011 3:24 pm

thats true cobra. But the fact is 200 billion of exposure in just greece, ireland and portugal (financial sector). imaginge spain and italy what the us banks exposure is too the CDS market. That would basically wipe out 25% of an already depressed market cap of financials.. The only way out is Print mother print here that ECB you want a rally to start in stock market then start printing and don't stop printing untill that fund has a trillion in it. Ben will follow suit and then we can rallly

Post by **Cobra** » Mon Sep 12, 2011 3:26 pm

H2 instead of H1, looks good. Let's see how far the rebound can go, I think it has chances, pure feelings.

SigmaEcho · Post by **SigmaEcho** » Mon Sep 12, 2011 3:27 pm

frankthetank wrote:Anyone explain how the SPY and the US markets are holding strong while the rest of the worlds stock markets are breaking down. Even the TSX is down 3 times the loss of the states.

how will wallstreet justify payout 150 billion in bonus if the market down too much?

Cobra's Market View

Back to www.cobrasmarketview.com

09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering