Back to www.cobrasmarketview.com

09/15/2011 Intraday Watering

User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 09/15/2011 Intraday Watering

Post by 99er »

Paging Tabby...
SPX http://99ercharts.blogspot.com/2011/09/spx_1419.html

Say...do you surf?
User avatar
proteus46
Posts: 190
Joined: Mon Jun 06, 2011 4:12 pm

Re: 09/15/2011 Intraday Watering

Post by proteus46 »

HOURLY CHART
HOURLY CHART
Bulls can not get SPY significantly past September 8th high , $120.94.

100 Fib line.
User avatar
silicon_beaver
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: 09/15/2011 Intraday Watering

Post by silicon_beaver »

silicon_beaver wrote:Cobra mentioned this morning, there is a chance "double top". It's happening?
No. it holds well so far. ETF hold well but individual stock moves down.

paging Cobra...
User avatar
BullTart
Posts: 398
Joined: Thu Sep 01, 2011 12:23 pm

Re: 09/15/2011 Intraday Watering

Post by BullTart »

Hmm.... double top still in play... long tails at 1200 each time it touched it... seems to be like touching a hot pan and running away from it, only to come back to see if it's still hot... and so far, it's still hot.

Quite overbought on many levels, time for some sort of a pull back. Let's see if the pull back then gets bought, markets regroup for another test of 1200 and break through the double top.

Still holding TVIX positions for now.
Attachments
current.png
channel
Posts: 9
Joined: Mon Mar 28, 2011 10:08 am

Re: 09/15/2011 Intraday Watering

Post by channel »

Where is Old Trader?
Mongoose
Posts: 148
Joined: Sun Aug 28, 2011 4:49 am

Re: 09/15/2011 Intraday Watering

Post by Mongoose »

I am inclined to agree with some of Cobra TA conclusions with a interim price target on the S&P of 1200 or so, and then drop. (at least that is what I think cobra has outlined). I have 1206.28 using the Fibonacci rule - which I learned about here in this forum.
I am not sure what the multiple "humps" reflect in the chart between August and now. It seems like a Head & Shoulders, but with a couple extra humps. Maybe they are Egor humps -- I dont know.
All I know is when the market dropped to 1140 I bought, and then sold at 1200. (trading the 5 out 7 day rule really helped with that). I am not taking any long positions above 1200 (yet).
In my opinion, there is just too much risk as reflected in the bond/CDS markets - which the equity markets are ignoring, like they did in 2007/2008.
What I also see today, is a big black bar forming today on the candlesticks for the Euro - which nearly everytime one of those show up, it changes direction.
So I am bearish.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 09/15/2011 Intraday Watering

Post by Mr. BachNut »

Added to my short this morning as McClellan Oscillator is approaching overbought.
Uncomfortable as the action is turning a lot of technicals toward an intermediate term buy. It seems to mostly be driven by price as the other technicals I look at seem to be improving but weakly.
Will have a stop somewhere above SPY 123, but anticipate a turn or at least a good pull back before that level comes into play.
User avatar
silicon_beaver
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: 09/15/2011 Intraday Watering

Post by silicon_beaver »

silicon_beaver wrote:Cobra mentioned this morning, there is a chance "double top". It's happening?
Update with new charts. more likely "double-top" than half hour ago.
Attachments
fas.PNG
spy.PNG
MajorEasy
Posts: 223
Joined: Wed Feb 16, 2011 9:53 pm

Re: 09/15/2011 Intraday Watering

Post by MajorEasy »

bull will be back in control at 1200,
next resistance should 1200 fail is 1222 on ES,
(few pts dif on $SPX)
Attachments
915.png
the market's goal is to distribute the wealth of many to as few hands as possible
ClarkW
Posts: 1325
Joined: Wed Aug 10, 2011 11:28 am

Re: 09/15/2011 Intraday Watering

Post by ClarkW »

Down goes GOLD...love it. Doubled up on my DZZ yesterday :D but might be out by end of the day. Anyone have any thoughts on gold technically?
http://stockcharts.com/h-sc/ui?s=GLD&p= ... =235412523
Bencat
Posts: 30
Joined: Wed Feb 16, 2011 5:30 pm

Re: 09/15/2011 Intraday Watering

Post by Bencat »

MajorEasy wrote:bull will be back in control at 1200,
next resistance should 1200 fail is 1222 on ES,
(few pts dif on $SPX)
it looks like to be a strong resistance. :roll:
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/15/2011 Intraday Watering

Post by Cobra »

more likely the pullback isn't over yet, just a guess. the gap might be filled today.
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.
Be4chst
Posts: 22
Joined: Fri Aug 26, 2011 2:58 pm

Re: 09/15/2011 Intraday Watering

Post by Be4chst »

Good Morning! I'm still a newb so bare with me for a seceond... Do any of you know the historical performances of Quadruple Witching days? Thanks in advance!
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/15/2011 Intraday Watering

Post by Al_Dente »

HappyFriday wrote:
Mongoose wrote:
HappyFriday wrote:
jarbo456 wrote:-17.5.
Better than expected !

Even a dead cat bounces twice.
Philly Fed Index Shows Improvement, at -17.5 in September Vs. -20.7 in August.
By the way, many fund managers are under invest. Need to buy big now ! :lol: :D
HappyFriday: re fund managers under invested. Can you link us to facts. Thx
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullTart
Posts: 398
Joined: Thu Sep 01, 2011 12:23 pm

Re: 09/15/2011 Intraday Watering

Post by BullTart »

Not a good sign for the bulls... the bounce after rejection at 1200 for the double top was weak... bull need to gather momentum to make another run to break the double top at 1200, not make weak bounces followed by further selling...

this could be a bull trap in the making... all those who recently went long based on the action yesterday and at the open may get their faces ripped off here. be very careful!!!!

Still holding long TVIX for now.
Attachments
current.png
User avatar
soku
Posts: 1893
Joined: Fri Mar 25, 2011 10:02 am

Re: 09/15/2011 Intraday Watering

Post by soku »

hi ladies, me backs. how is going? do i miss anything when i was in that miserable conference? :D
it seems a break out then pull back to me. not sure the direction but i am a little bit bearish at this moment. will go short if 1187-1185 level cannot hold
The goal is not uniformity. It is understanding and idea exchange.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/15/2011 Intraday Watering

Post by Cobra »

Be4chst wrote:Good Morning! I'm still a newb so bare with me for a seceond... Do any of you know the historical performances of Quadruple Witching days? Thanks in advance!
tomorrow suppose to be bullish.

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
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/15/2011 Intraday Watering

Post by Cobra »

HappyFriday wrote:
HappyFriday wrote:Good Morning everybody !
In order to have a happy Friday, we need to make Thursday supper strong upward. Then, our Friday will be beautiful. Let's do it and make it happy.
HappyFriday
Paging Cobra.... .... ....
Paging Cobra.... .... ....
Paging Cobra.... .... ....

Paging Cobra to say "YES WE CAN"
yes YOU can! :evil:

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
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 09/15/2011 Intraday Watering

Post by 99er »

User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/15/2011 Intraday Watering

Post by Cobra »

this is what happened in the past 2 days when morning dip was bought aggressively. The question is: will the 3rd time be different?
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.
Post Reply