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10/27/2011 Intraday Watering

10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 9:10 am

Wow, gap of life time, remind me of that 700B bailout idea. Anyway, believe or not, no point to fight the trend, let's see how market goes for the 1st hour.

Would my evil plan need adjust? Yes, definitely. But not kind of adjustment you think. From the chart you can see, it's still the 3rd push up, because it just touches the line used to identify the 3 push. Just the push up is way too strong, so normally at least another round of back and forth (pullback then rebound to test the high) is needed before a top could possibly be identified. The chart below illustrates the most bearish-bullish case, for direction only. Read the main cobra site under "Getting Started"->"FAQs"->"3 Push Up/Down" for the essence of 3 Push, it doesn't mean exactly 3, can be 5 or 6, the main character is push gets weaker and weaker, for now I definitely don't see it's getting weaker, so no point to fight here.
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Re: 10/27/2011 Intraday Watering

Postby Richarab » Thu Oct 27, 2011 9:12 am

been sitting at the doorstep this morning. waiting for cobra to open. what a morning
by the way, think we'll close the gap?
Last edited by Richarab on Thu Oct 27, 2011 9:14 am, edited 1 time in total.
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Re: 10/27/2011 Intraday Watering

Postby barbaragull » Thu Oct 27, 2011 9:13 am

Suddenly, the world just looks perfect, good news everywhere :shock:
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Re: 10/27/2011 Intraday Watering

Postby Al_Dente » Thu Oct 27, 2011 9:15 am

Good morning King Cobra: I found your amazon link on your front “Report” page, and ordered the Steve Jobs and other books from you. I am very sorry I didn’t see it yesterday; it was right there in front of my nose.

Also, thank u for your “evil plan”, your “evil laughter” and ALL of your brilliant insight
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 9:15 am

Richarab wrote:been sitting at the doorstep this morning. waiting for cobra to open. what a morning
by the way, think we'll close the gap?


I won't think that way at least pretend to not think that way. If this gap gets filled, that'd be the end of the world. :lol:

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Re: 10/27/2011 Intraday Watering

Postby 99er » Thu Oct 27, 2011 9:16 am

Good Morning.

Gee honey. Is Europe high or what?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_27.html

Hopium.
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Re: 10/27/2011 Intraday Watering

Postby CognitiveDissonance » Thu Oct 27, 2011 9:16 am

Good Morning Everyone

Now, F me running with this market :x
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Re: 10/27/2011 Intraday Watering

Postby CognitiveDissonance » Thu Oct 27, 2011 9:16 am

99er wrote:Good Morning.

Gee honey. Is Europe high or what?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_27.html

Hopium.


massive short squeeze this morning
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Re: 10/27/2011 Intraday Watering

Postby 99er » Thu Oct 27, 2011 9:17 am

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Re: 10/27/2011 Intraday Watering

Postby pidge66 » Thu Oct 27, 2011 9:18 am

This should be a sell the news day.
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Re: 10/27/2011 Intraday Watering

Postby barbaragull » Thu Oct 27, 2011 9:19 am

pidge66 wrote:This should be a sell the news day.

I would so much wish, but it seems stubborn bulls can make money so easily :evil:
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Re: 10/27/2011 Intraday Watering

Postby bushwaffle » Thu Oct 27, 2011 9:20 am

CognitiveDissonance wrote:
99er wrote:Good Morning.

Gee honey. Is Europe high or what?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_27.html

Hopium.


massive short squeeze this morning


i can't even imagine how many stops that are going to get blown at the open...
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 9:20 am

Al_Dente wrote:Good morning King Cobra: I found your amazon link on your front “Report” page, and ordered the Steve Jobs and other books from you. I am very sorry I didn’t see it yesterday; it was right there in front of my nose.

Also, thank u for your “evil plan”, your “evil laughter” and ALL of your brilliant insight


Thanks. I just adjusted the Amazon links based on a feedback. So feedback is very useful. I'm glad I put "Contact Us" on the menu bar in stead of hiding at bottom like most web sites do. But I do know I could get bashed, so see how smart I am, I have someone else reading the feedback for me and filter out all those bashes (I need concentrate, cannot afford letting bashers to affect my mood). :lol: :mrgreen:

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Re: 10/27/2011 Intraday Watering

Postby HappyFriday » Thu Oct 27, 2011 9:20 am

Cheer LONGS ! :lol: :lol:
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Re: 10/27/2011 Intraday Watering

Postby 99er » Thu Oct 27, 2011 9:21 am

CD: "massive short squeeze"

Are you sure it's not Viagra? Let's check in four hours.
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Re: 10/27/2011 Intraday Watering

Postby ricster3 » Thu Oct 27, 2011 9:22 am

This could very well be my last trading week in many years. Unless we see a monster selloff late today / tomorrow...

But we all know markets don't fall. LOL :)

Had fun while it lasted, at least it wasn't all my personal holdings.. only 15% and I'm very young.
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Re: 10/27/2011 Intraday Watering

Postby keesa » Thu Oct 27, 2011 9:22 am

pidge66 wrote:This should be a sell the news day.


considering that SPX 1250 was the balance point between bulls/bears for last 3 months. Not much buying on rumor, so it is unlikely to have sell on news.
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 9:26 am

ricster3 wrote:This could very well be my last trading week in many years. Unless we see a monster selloff late today / tomorrow...

But we all know markets don't fall. LOL :)

Had fun while it lasted, at least it wasn't all my personal holdings.. only 15% and I'm very young.


Wow you bet heavily on the short side?

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Re: 10/27/2011 Intraday Watering

Postby Al_Dente » Thu Oct 27, 2011 9:28 am

99er wrote:CD: "massive short squeeze"

Are you sure it's not Viagra? Let's check in four hours.

:lol:
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Re: 10/27/2011 Intraday Watering

Postby jarbo456 » Thu Oct 27, 2011 9:28 am

keesa wrote:
pidge66 wrote:This should be a sell the news day.


considering that SPX 1250 was the balance point between bulls/bears for last 3 months. Not much buying on rumor, so it is unlikely to have sell on news.


i totally agree that your "pivot" around 1250 is important. however i beg to differ with you in that there wasn't "much buying on rumor". there was a healthy, continuous, and often sharp spikes of buying on rumor. that's how we got here technically.

i'm not confident that we'll be selling on the news as we're looking to potentially open 3% up, but it's pretty obvious that the technical levels we got to was done on a whole LOT of buying on rumor - that is if you follow any fundamental approach.
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