Back to www.cobrasmarketview.com

10/20/2011 Intraday Watering

User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Re: 10/20/2011 Intraday Watering

Post by MrMiyagi »

pady wrote:Wave 3 started. Target: 115.2 to 111.5 at a minimum.
Don;t say things like that pady, you'll get my hopes up only to be crushed.
User avatar
Petsamo
Posts: 3339
Joined: Thu Jun 30, 2011 2:22 pm

Re: 10/20/2011 Intraday Watering

Post by Petsamo »

pady wrote:Wave 3 started. Target: 115.2 to 111.5 at a minimum.
SPY? That's a long way down! Image
Twitter @jackwag0n
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/20/2011 Intraday Watering

Post by Cobra »

no good, failed breakout. the lesson here is AGAIN: NEVER EVER TRUST H&S PATTERN, IT'S THE PATTERN HAS THE MOST FAILURES!!!!!!!!!!!

green line below is the support and target.
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
jarbo456
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 10/20/2011 Intraday Watering

Post by jarbo456 »

AK84 wrote:
jarbo456 wrote:
AK84 wrote:This market is SOOO hard to trade esp with options....my god!!!!
profit here one minute ,...gone the next minute! Da Impossiblee!!
hey ak84,

what earnings are you playing today?
Watup J!

Looking at getting in to some CMG puts....I like it to the downside but as Cobra said, the chart is pretty netural (daily looks slightlyyyyyyyy bearish with a H&S formation / Double top ) but its really a pure gamble.

Nothing else really. Im short AAPL, BIDU, PCLN

Thats pretty muh it. Trying to keep it tiny in this mad mad week designed to crush my premiums so i do spreads :)
yeah, was going to throw a couple k at GE. i think there's upward potential there as the expectations are so damn low. an in-line earnings would be feed for bulls to squeeze shorts some more in it. just a thought though, and again, like you, a total gamble.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/20/2011 Intraday Watering

Post by Al_Dente »

30 minutes left, bears are trying 2 fight back
To squeeze or not to squeeze, that is the question
nydec DIVERGED on that SPY high, nyadv confirmed the spy hi, go figure
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

“For my part, it was Greek to me.” [William Shakespeare]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
CognitiveDissonance
Posts: 430
Joined: Mon Aug 29, 2011 9:24 am

Re: 10/20/2011 Intraday Watering

Post by CognitiveDissonance »

agnosia wrote:
AK84 wrote:This market is SOOO hard to trade esp with options....my god!!!!
profit here one minute ,...gone the next minute! Da Impossiblee!!
don't trade then. no reason to give away your hard earned profits... this headline driven market turns on a dime. i watched a great video last night about trading if anyone is interested i will post the links. it's by the guy who wrote - "trading for a living" (alexander elder)
yeah, I'm interested
@cognitivebias1
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Re: 10/20/2011 Intraday Watering

Post by MrMiyagi »

Goin' back up as quick as she done come down.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 10/20/2011 Intraday Watering

Post by cougar »

12 min ago, Volpinacci made a very good espresso and said: “PPPFFFSSSELL on close and tomorrow GAP DOWN…”
But he is right only `70% of the time…We shall see…
incognitouser
Posts: 25
Joined: Thu Mar 10, 2011 11:38 am

Re: 10/20/2011 Intraday Watering

Post by incognitouser »

MrMiyagi wrote:Goin' back up as quick as she done come down.
not quite lol
User avatar
silicon_beaver
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: 10/20/2011 Intraday Watering

Post by silicon_beaver »

Dutchy wrote:Hi Cobra & all,

First post here, learning a lot, thank you all.

Just checked what recently happened with SPY after previous Euro summits:

23rd June - next day red - there after strong run up to top of July 7th
21st July - next day doji - there after steep decline to low of August 8th
16th August - next day red - therafter quick decline to low of 19th
17th September - next day red - thereafter steep decline to low of 22nd

So, except for summit in June, last summits resulted in pretty steep declines of 3 to 11 days

Have a nice weekend!

ok. here is chart. could be an indicator. but not 100% possibility.
Attachments
sc.png
pady
Posts: 382
Joined: Mon Aug 29, 2011 3:22 am

Re: 10/20/2011 Intraday Watering

Post by pady »

Petsamo wrote:
pady wrote:Wave 3 started. Target: 115.2 to 111.5 at a minimum.
SPY? That's a long way down! Image
Maybe I am a bit early. Might start tomorrow afternoon. We could be in just the B wave of this wave 2. So one more run to 1225 or so is possible. And this could be tomorrow
or monday.
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 10/20/2011 Intraday Watering

Post by agnosia »

Cobra wrote:no good, failed breakout. the lesson here is AGAIN: NEVER EVER TRUST H&S PATTERN, IT'S THE PATTERN HAS THE MOST FAILURES!!!!!!!!!!!

green line below is the support and target.

especially ones with slanted necklines. those fail a lot more often...
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/20/2011 Intraday Watering

Post by Cobra »

agnosia wrote:
Cobra wrote:no good, failed breakout. the lesson here is AGAIN: NEVER EVER TRUST H&S PATTERN, IT'S THE PATTERN HAS THE MOST FAILURES!!!!!!!!!!!

green line below is the support and target.

especially ones with slanted necklines. those fail a lot more often...
hmm, nice tip, I'll keep eyes on this. :shock: :shock: :roll: :roll:

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.
pady
Posts: 382
Joined: Mon Aug 29, 2011 3:22 am

Re: 10/20/2011 Intraday Watering

Post by pady »

Petsamo wrote:
pady wrote:Wave 3 started. Target: 115.2 to 111.5 at a minimum.
SPY? That's a long way down! Image
Maybe I am a bit early. Might start tomorrow afternoon. We could be in just the B wave of this wave 2. So one more run to 1225 or so is possible. And this could be tomorrow
or monday.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/20/2011 Intraday Watering

Post by Cobra »

continuation, more down should be.
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.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 10/20/2011 Intraday Watering

Post by cougar »

OVTI time - IMHO
====
I am long OVTI
Attachments
ovtiGIF.GIF
gabor
Posts: 298
Joined: Mon May 09, 2011 6:16 am

Re: 10/20/2011 Intraday Watering

Post by gabor »

Cobra wrote:no good, failed breakout. the lesson here is AGAIN: NEVER EVER TRUST H&S PATTERN, IT'S THE PATTERN HAS THE MOST FAILURES!!!!!!!!!!!

green line below is the support and target.
I told you it was a bulltrap. The down channel is still intact. Better to see it on ES chart.
Post Reply