09/19/2011 Intraday Watering

heavenskrow · Post by **heavenskrow** » Mon Sep 19, 2011 2:16 pm

But again we are still at an inflection point...Until we break that resistance in the 30yr... the 2 year treasuries is in the biggest and cleanest wedge I have ever seen in my life.

So although im holding 25% in speculation of breakout.... the rest is in cash waiting for the signal from the market

BenAndLloyd · Post by **BenAndLloyd** » Mon Sep 19, 2011 2:19 pm

Cobra,
Any particular reason you changed the instrument to SSO? I apologize if this was discussed earlier or in the weekend report. Thanks

Post by **Cobra** » Mon Sep 19, 2011 2:24 pm

BenAndLloyd wrote:Cobra,
Any particular reason you changed the instrument to SSO? I apologize if this was discussed earlier or in the weekend report. Thanks

first of all, it's OK to ask any question, feel free.

The reason I'm using SSO today is SPY still didn't get adjusted after its dividend day, so I'll wait for a few more days. This doesn't affect 5 min chart of course, but it affects 15 min and 60 min chart so I think I better use SSO for today.

davros · Post by **davros** » Mon Sep 19, 2011 2:26 pm

ultramarine wrote:
davros wrote:with bonds it's better to look at the real thing - ZB, not an etf like tlt, this should show pretty clear where we are

zb2.png
Agreed -- you can't beat the real thing. So a broadening top. Are you expecting another touch of the rising resistance line?

I really have no idea, it's going up so I assume it will keep going up.... until it doesn't... there is very big negative divergence on it though with RSI

99er · Post by **99er** » Mon Sep 19, 2011 2:29 pm

RUT
Update.
http://99ercharts.blogspot.com/2011/09/rut_19.html

Air pocket...

jarbo456 · Post by **jarbo456** » Mon Sep 19, 2011 2:30 pm

today's market is so listless...and frustrating.

heavenskrow · Post by **heavenskrow** » Mon Sep 19, 2011 2:30 pm

Will QE3 work?? Maybe for stock prices, but probably not the 2yr....

Post by **Cobra** » Mon Sep 19, 2011 2:30 pm

another measured move target.

stockcycle · Post by **stockcycle** » Mon Sep 19, 2011 2:35 pm

stockcycle wrote:Feeling that the high of day will be revisited. And then may be Higher high.

Yes, almost revisited the high of day and now bulls are gathering power.

uempel · Post by **uempel** » Mon Sep 19, 2011 2:36 pm

Well, Cobra is short term bearish, I'm short term bullish. I see more upside very short term.

uempel · Post by **uempel** » Mon Sep 19, 2011 2:38 pm

uempel wrote:Well, Cobra is short term bearish, I'm short term bullish. I see more upside very short term.
SPX8.png

Cobra, I guess I got you wrong. I looked at some older chart.

heavenskrow · Post by **heavenskrow** » Mon Sep 19, 2011 2:39 pm

M.I.A until market close, short term bullish

soku · Post by **soku** » Mon Sep 19, 2011 2:40 pm

interestingly, now i see a new ab=cd pattern, with target at 1196, the old number

stockcycle · Post by **stockcycle** » Mon Sep 19, 2011 2:41 pm

It's booming all my friends!

Post by **Cobra** » Mon Sep 19, 2011 2:42 pm

good, I'll count it as touching the 2nd red line. now key time, as breakout would be bullish 1-2-3, I'll give the 3rd target if indeed breakout. the confluences area of the 3 (targets) would be a sure thing to reach today...

Post by **Cobra** » Mon Sep 19, 2011 2:44 pm

uempel wrote:
uempel wrote:Well, Cobra is short term bearish, I'm short term bullish. I see more upside very short term.
SPX8.png
Cobra, I guess I got you wrong. I looked at some older chart.

Yeah, I switch fast. I'm snake, remember?

On morning breakdown, odds were very high we'd close low of the day.

but a failed morning breakdown means the odds are high too, a strong uptrend day today.

but since the morning breakdown has already caused the damage, so eventually the morning low will be revisited.

That's the whole picture. Confused?

deadmoney95 · Post by **deadmoney95** » Mon Sep 19, 2011 2:45 pm

Could see some crazy moves "shortly":

CNBCbrk CNBC Breaking News
Greek Finance Ministry Says Troika Conference Call Over, Announcement Expected Shortly

SB73 · Post by **SB73** » Mon Sep 19, 2011 2:45 pm

Cobra,

In your view was the mid morning dip already a test of the early morning low or do you see tomorrow still providing a test of the low. Seems US market immune to world market.

Post by **Cobra** » Mon Sep 19, 2011 2:48 pm

SB73 wrote:Cobra,

In your view was the mid morning dip already a test of the early morning low or do you see tomorrow still providing a test of the low. Seems US market immune to world market.

will test the early morning low tomorrow or very soon.

uempel · Post by **uempel** » Mon Sep 19, 2011 2:49 pm

Last update, bye guys.

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09/19/2011 Intraday Watering

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