Back to www.cobrasmarketview.com

   

09/16/2011 Intraday Watering

Re: 09/16/2011 Intraday Watering

Postby MajorEasy » Fri Sep 16, 2011 10:21 am

soku wrote:
soku wrote:
soku wrote:rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.

just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me

the pull back is very small, but there is still some damage. now the 1214.5 peak seems very top heavy.
this month is quite balanced. i don't expect killing event from either side. in short, today doesn't seems to be a fun day to me. calling today off. see you monday.


i know of several futures traders that won't trade on Fridays
Friday's volume can be light and jumpy...
the market's goal is to distribute the wealth of many to as few hands as possible
MajorEasy
 
Posts: 223
Joined: Wed Feb 16, 2011 9:53 pm

Re: 09/16/2011 Intraday Watering

Postby Mongoose » Fri Sep 16, 2011 10:23 am

I just shorted a bunch of eurusd @ 1.3840 and the daq @ 2624 (which just crossed above the declining 50 ma).
Mongoose
 
Posts: 148
Joined: Sun Aug 28, 2011 4:49 am

Re: 09/16/2011 Intraday Watering

Postby Al_Dente » Fri Sep 16, 2011 10:30 am

Advancing issues hit 2000, couldn’t stick, pulled back BIG to 1500.

Here’s a sand-line.
Percentage performance based, not price based. Pure, not juiced, SHORT TERM.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =243014844
User avatar
Al_Dente
 
Posts: 24600
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2011 Intraday Watering

Postby wower » Fri Sep 16, 2011 10:30 am

soku wrote:
soku wrote:
soku wrote:rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.

just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me

the pull back is very small, but there is still some damage. now the 1214.5 peak seems very top heavy.
this month is quite balanced. i don't expect killing event from either side. in short, today doesn't seems to be a fun day to me. calling today off. see you monday.

I seriously envy this kind of ability. If not comfortable, call the day off. I am still learning.
wower
 
Posts: 6
Joined: Fri May 27, 2011 12:45 am

Re: 09/16/2011 Intraday Watering

Postby shumushu » Fri Sep 16, 2011 10:33 am

target 1185 on the /ESZ11
User avatar
shumushu
 
Posts: 315
Joined: Thu Feb 17, 2011 1:09 pm

Re: 09/16/2011 Intraday Watering

Postby uempel » Fri Sep 16, 2011 10:33 am

Waiting for SPX at 1228, but now it has tanked below DMA 377 (now at 1214) and I'm just watching and hoping there will be another run for a higher high so that I can short :roll:
SPX36.png
uempel
 
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 09/16/2011 Intraday Watering

Postby 99er » Fri Sep 16, 2011 10:34 am

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

Re: 09/16/2011 Intraday Watering

Postby stockcycle » Fri Sep 16, 2011 10:35 am

Any one here remember the horn pattern? It is not cheerful for bulls today.
stockcycle
 
Posts: 329
Joined: Fri May 20, 2011 6:31 am
Location: Vietnam

Re: 09/16/2011 Intraday Watering

Postby ultramarine » Fri Sep 16, 2011 10:35 am

99er wrote:SPX
Targeting 1124 on this leg down.
http://99ercharts.blogspot.com/2011/09/spx_2249.html



Curious to know what your 1124 target is based on and what kind of time frame. Thanks!
ultramarine
 
Posts: 194
Joined: Fri Aug 26, 2011 9:25 am

Re: 09/16/2011 Intraday Watering

Postby Cobra » Fri Sep 16, 2011 10:35 am

let's see if another morning weakness being bought. this is the 4th time if so.
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
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2011 Intraday Watering

Postby newbie_77 » Fri Sep 16, 2011 10:37 am

shumushu,
1185 by when?
newbie_77
 
Posts: 300
Joined: Fri Jul 29, 2011 1:47 pm

Re: 09/16/2011 Intraday Watering

Postby silicon_beaver » Fri Sep 16, 2011 10:37 am

Cobra wrote:let's see if another morning weakness being bought. this is the 4th time if so.


I am watching it closely.
Sounds the party is over. SPY and FAS drop like stone.
User avatar
silicon_beaver
 
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: 09/16/2011 Intraday Watering

Postby Cobra » Fri Sep 16, 2011 10:39 am

silicon_beaver wrote:
Cobra wrote:let's see if another morning weakness being bought. this is the 4th time if so.


I am watching it closely.
Sounds the party is over. SPY and FAS drop like stone.


Those 2 years, I learnt 1 thing after Ben spent 2T dollars: never ever underestimate power of the bull side. :lol:

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: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2011 Intraday Watering

Postby Mongoose » Fri Sep 16, 2011 10:40 am

Covered on my eurusd position. Im done for the day. Have a great weekend.
Mongoose
 
Posts: 148
Joined: Sun Aug 28, 2011 4:49 am

Re: 09/16/2011 Intraday Watering

Postby shumushu » Fri Sep 16, 2011 10:42 am

newbie_77 wrote:shumushu,
1185 by when?


Not sure, a more reasonable target is at 1191. This is calculated from this morning's high to yesterday's close measured move down.
User avatar
shumushu
 
Posts: 315
Joined: Thu Feb 17, 2011 1:09 pm

Re: 09/16/2011 Intraday Watering

Postby champix » Fri Sep 16, 2011 10:42 am

Regarding crude, here is my plan for today ...
Just missed my buy for a few cents, but I am patient... :twisted:
Attachments
CRUDE - Sept16th.jpg
User avatar
champix
 
Posts: 551
Joined: Thu Apr 14, 2011 9:13 am
Location: PARIS

Re: 09/16/2011 Intraday Watering

Postby bushwaffle » Fri Sep 16, 2011 10:46 am

if move below 1206, I think (hope) more downside....can't take another range day!
User avatar
bushwaffle
 
Posts: 216
Joined: Fri Sep 09, 2011 4:50 pm

Re: 09/16/2011 Intraday Watering

Postby jarbo456 » Fri Sep 16, 2011 10:47 am

i think the bulls are running out of time and room to start stepping in.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 09/16/2011 Intraday Watering

Postby uempel » Fri Sep 16, 2011 10:48 am

I guess I've been waiting too long, been too bullish for today.
Attachments
SPX37.png
uempel
 
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 09/16/2011 Intraday Watering

Postby 99er » Fri Sep 16, 2011 10:49 am

ultramarine

SPX target based on AB=CD pattern (drawn in gold) and may be reached by next Wednesday. The target point (D) is where the down gold line meets the bottom line of the purple channel.
Last edited by 99er on Fri Sep 16, 2011 10:51 am, edited 2 times in total.
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 18 guests