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11/17/2011 Intraday Watering

Re: 11/17/2011 Intraday Watering

Postby tdo722 » Thu Nov 17, 2011 4:49 pm

SB73 wrote:A massive gap down would assure that we are in wave 3 of 3 at which point you do not want to be long for scalps. Cobra what is your general observation of traders on this board. My favorites are Fehro and Dow Trader.


I think that college kiddo heavenskrow is very good but too bad he has a cocky attitude. :)

Money comes and goes and rinse and repeat but respect once gone, it ain't coming back. :)
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Re: 11/17/2011 Intraday Watering

Postby SB73 » Thu Nov 17, 2011 4:49 pm

All the I am afraid to hold short overnight are closing out.
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Re: 11/17/2011 Intraday Watering

Postby CH37 » Thu Nov 17, 2011 4:50 pm

bot EDC for ST only.
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Re: 11/17/2011 Intraday Watering

Postby SB73 » Thu Nov 17, 2011 4:50 pm

tdo722 wrote:
SB73 wrote:A massive gap down would assure that we are in wave 3 of 3 at which point you do not want to be long for scalps. Cobra what is your general observation of traders on this board. My favorites are Fehro and Dow Trader.


I think that college kiddo heavenskrow is very good but too bad he has a cocky attitude. :)

Money comes and goes and rinse and repeat but respect once gone, it ain't coming back. :)


I like heavenskrow as well...did he get offended.
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Re: 11/17/2011 Intraday Watering

Postby tdo722 » Thu Nov 17, 2011 4:50 pm

I am so tempted to call the bottom here. 15min chart shows positive D for macd, rsi, sto, mfi.
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Re: 11/17/2011 Intraday Watering

Postby Cobra » Thu Nov 17, 2011 4:50 pm

noob wrote:I see positive divergence on 5 and 10 mins charts. Any thoughts Cobra?

Cobra wrote:a little breakdown, but not enough to count, let's wait.


the problem is you never know when divergence works. it's could be divergent of long long time.

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Re: 11/17/2011 Intraday Watering

Postby agnosia » Thu Nov 17, 2011 4:52 pm

MrMiyagi wrote:All signs pointing to reversal. If I short SPY then that will for sure turn it around.


yea we have lots of hammer candles on the spx . people are buying the dips for now. lets see where we end though since that is the most important ...
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Re: 11/17/2011 Intraday Watering

Postby tdo722 » Thu Nov 17, 2011 4:52 pm

Cobra wrote:
noob wrote:I see positive divergence on 5 and 10 mins charts. Any thoughts Cobra?

Cobra wrote:a little breakdown, but not enough to count, let's wait.


the problem is you never know when divergence works. it's could be divergent of long long time.


I agree, divergence is only 60% probability. That kind of probability will get someone homeless quick. haha...
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Re: 11/17/2011 Intraday Watering

Postby SB73 » Thu Nov 17, 2011 4:52 pm

tdo722 wrote:I am so tempted to call the bottom here. 15min chart shows positive D for macd, rsi, sto, mfi.


Why try and call the bottom or top. I would guess if there is one thing Cobra finds most interesting it is how many of us, self included, try and front run the market.
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Re: 11/17/2011 Intraday Watering

Postby tdo722 » Thu Nov 17, 2011 4:53 pm

SB73 wrote:
tdo722 wrote:I am so tempted to call the bottom here. 15min chart shows positive D for macd, rsi, sto, mfi.


Why try and call the bottom or top. I would guess if there is one thing Cobra finds most interesting it is how many of us, self included, try and front run the market.



Agree. I guess whenever it breaks the downtrendline then it's should have higher probability then. haha...
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Re: 11/17/2011 Intraday Watering

Postby fehro » Thu Nov 17, 2011 4:57 pm

1180-90 ish seems like a nice bounce target 50% , trendline, close below the 50 Day SMA, to freak everyone out.... then bounce!
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Re: 11/17/2011 Intraday Watering

Postby jarbo456 » Thu Nov 17, 2011 4:58 pm

anyone calling a gap up or gap down tomorrow? if it's a gap down...that would be 4 in a row. cobra didn't think we'd make 3 in a row. if tomorrow is a red day, that's also 3 in a row...recently we haven't been able to make 2 red days in a row.

everything is leaning to a rebound tomorrow?
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Re: 11/17/2011 Intraday Watering

Postby Cobra » Thu Nov 17, 2011 4:58 pm

well, guess that's it for today. NORMALLY we should have a lower low first tomorrow. the intermediate-term trend is still up. thank you guys, I'll see you tomorrow.
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Re: 11/17/2011 Intraday Watering

Postby tapesense » Thu Nov 17, 2011 4:59 pm

Been waiting for ES 1200, could bounce there, but think SPY will need the mid-teens to get small traders to quit their longs, and greedy politicians to make a deal in the US. Then, gap to SPY 140? No, I'm not as think as you drunk I am <wobble, wobble>..

UUP daily close over yesterday's high points to 22.5
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Re: 11/17/2011 Intraday Watering

Postby jarbo456 » Thu Nov 17, 2011 5:00 pm

wow! huge buy order on SPY at the bell. -_-
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Re: 11/17/2011 Intraday Watering

Postby Me XMan » Thu Nov 17, 2011 5:01 pm

Stick save...but won't be for long...

jarbo456 wrote:wow! huge buy order on SPY at the bell. -_-
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Re: 11/17/2011 Intraday Watering

Postby newbie_77 » Thu Nov 17, 2011 5:01 pm

i believe that's to close above 1215 :D LOL....
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Re: 11/17/2011 Intraday Watering

Postby jarbo456 » Thu Nov 17, 2011 5:02 pm

wow. wiped out a 3rd of my daily profit on that one trade. ridiculous.

i guess we're going up tomorrow.
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Re: 11/17/2011 Intraday Watering

Postby Mr. BachNut » Thu Nov 17, 2011 5:03 pm

Volume was up but not as heavy as I thought it would be given the price move.
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Re: 11/17/2011 Intraday Watering

Postby Mr. BachNut » Thu Nov 17, 2011 5:04 pm

I am seeing a sizeable P-Bar on QQQ. Anyone else?
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