10/26/2011 Intraday Watering

[noob]

ah, count it as fulfilled. you don't expect it to exactly hit the target, do you? If I can make it exactly as I said, I'd be very rich now.

Much appreciated Cobra! So the evil plan is: leg 1 down fulfilled, this is leg 2 up, looking for leg 3 down?

yes, but the current up leg cannot make a decisive new high, otherwise we need a new plan.

Copy. Thanks!

[hdenandy]

What announcement. They didn't do anything at the euro meeting. This market is robo bull

The meeting only started at 6pm UK time - 2.5 hours ago.
It is expected to last atleast 6 hours.

[Cobra]

clearly an ascending triangle, bears really need pray. this market is unbelievable!

[jarbo456]

unbelievable. all the bulls need is a lie to break the bearish technicals. then the chart has nowhere to go but up. -_- i will ONLY buy this market from now on. holding onto trapped shorts for days and weeks on end is just a waste of my capital allocation. NEVER going to swing short again.

[agnosia]

buy-stop triggered , long 1240, yes we can. gap 1249.25 here we come.

thanks cobra for spotting the pattern

[ricster3]

unbelievable. all the bulls need is a lie to break the bearish technicals. then the chart has nowhere to go but up. -_- i will ONLY buy this market from now on. holding onto trapped shorts for days and weeks on end is just a waste of my capital allocation. NEVER going to swing short again.

Agreed. Unbelievable is a small word here... account = blown up here. Will let my puts expire worthless.

[coralla]

Cobra! U R the king! Every movement is in your head!

[Cobra]

breakout target.

[Apple]

Anyone familiar with RIMM?

They had their earnings a few weeks ago. Today, it got hammered bad. Any care to nibble?

Haven't traded RIMM since last year. Quick look to me now says price target of $17 (soon).

[oldpigwang]

Tomorrow GDP number will be 3, beat 2.xx

[Richarab]

amazing hamstrings.

[L_T]

I went from 10%+ up this morning to eating a loss of 15% on a short position so I agree with you 100%.

unbelievable. all the bulls need is a lie to break the bearish technicals. then the chart has nowhere to go but up. -_- i will ONLY buy this market from now on. holding onto trapped shorts for days and weeks on end is just a waste of my capital allocation. NEVER going to swing short again.

[frankthetank]

EU efsf fund being increased to 1 trillion. THis is why the market is powering up. Im glad news is there for everyone to trade on.

[Mr. BachNut]

TED spread just keeps on rising.

[ricster3]

breakout target.

Why do the targets always fulfill on the upside and never on the downside? Seems like TA is crap on the downside and works like a charm on bullish patterns.

[SB73]

ok Cobra...I know one of your rules...major distribution followed by major accumulation leads to major distribution tomorrow...is that correct?

[BullBear52x]

Another broken heart day for bears, oy

[StrikePrice]

Strong Wave B but I'm not convinced until we take out 1257.

[CognitiveDissonance]

ok Cobra...I know one of your rules...major distribution followed by major accumulation leads to major distribution tomorrow...is that correct?

Somebody tell me tomorrow is going to be better for the bears. please...

[GreedyKojiro]

I love you bulls!!! Bought a whole bunch of TNA from yesterday (if you remember my post ) then bought more to average down at 11am... then bought more at 1:30pm.. now i'm getting papers





As I always said COBRA gives the guide. Execution is up to one's action.

...so tomorrow we could see lower low to complete the 1st leg down then a rebound of some kind...

I take the lower low = lower of yesterday low..