Back to www.cobrasmarketview.com

11/25/2011 Intraday Watering

Denali92
Posts: 526
Joined: Wed May 25, 2011 3:39 pm

Re: 11/25/2011 Intraday Watering

Post by Denali92 »

Must report that we exited the hourly OS sell signal at 11:30am EST this morning, which is not a great sign. We were tied for the longest hourly OS period that I have tracked and all of those had much more robust bounces - Oct 3rd and Sept 21st were the most recent very extended hourly OS periods.... and they both had big three day bounces with at least a 3 day 30 SPX pt bounce.....

This is by far the weakest bounce we have had.... The last 4 years we have bottomed on the Monday after Thanksgiving, so Mr. Market may just be waiting till then..... This is definitely the LONGEST period post opex that I have tracked without a bounce of some significance.... at least 20 to 25 points, especially when we have been this oversold....

Well, in the future when I talk about opex turning points, I will definitely need to say going forward that there was at least one exceptional exception! even in June 2008 when we fell relentlessly, there was one small 30 pt SPX bounce post opex....

Have a GREAT holiday weekend!

-D
CH37
Posts: 95
Joined: Wed Sep 21, 2011 12:07 am

Re: 11/25/2011 Intraday Watering

Post by CH37 »

Cobra wrote:30 min to close, let's pray for bears sake, at least gives us one green day, pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee! :D

:o :shock:

do you mean, if today close in green, then bear will have better chance to hit market in next week ?
wayne0708
Posts: 815
Joined: Sat Sep 03, 2011 6:37 am

Re: 11/25/2011 Intraday Watering

Post by wayne0708 »

Cobra wrote:30 min to close, let's pray for bears sake, at least gives us one green day, pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee! :D
why pray for bears. they ve been fatten up for so long. plus they are going to hibernation soon. it is the bulls that need to eat now :)
Dow Trader
Posts: 733
Joined: Thu Feb 17, 2011 11:59 am

Re: 11/25/2011 Intraday Watering

Post by Dow Trader »

Because it is a slow day, here is 1-min chart 8-)
Attachments
ES 53.JPG
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/25/2011 Intraday Watering

Post by Cobra »

thanks God, someone's listening to my pray. But I'm afraid, this is 2 legged down at least, so the push up is not strong enough to avoid a possible 2nd leg down.
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
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 11/25/2011 Intraday Watering

Post by 99er »

Happy Thanksgiving, folks!

http://99ercharts.blogspot.com/2011/11/ ... iving.html

Have a good one.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/25/2011 Intraday Watering

Post by Cobra »

CH37 wrote:
Cobra wrote:30 min to close, let's pray for bears sake, at least gives us one green day, pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee! :D

:o :shock:

do you mean, if today close in green, then bear will have better chance to hit market in next week ?
SPX down 6 days in a row, if red again, that'd be 7 days, so that's why bears want a green day. The low wasn't in, that's the higher odds, no matter today's green or red.

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.
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 11/25/2011 Intraday Watering

Post by uempel »

Cobra, you Martians are good lobbyists!
pls.png
User avatar
Anaconda
Posts: 487
Joined: Fri May 06, 2011 2:57 pm

Re: 11/25/2011 Intraday Watering

Post by Anaconda »

99er wrote:Happy Thanksgiving, folks!

http://99ercharts.blogspot.com/2011/11/ ... iving.html

Have a good one.
The new RONCO Pepper Spray Baster - the new turkey roasting sensation! Order your own, right now!!! :mrgreen: :mrgreen:
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/25/2011 Intraday Watering

Post by Al_Dente »

If you haven’t read the Steve Jobs biography, here is a visual synopsis. Save for later, it’s 13 minutes long (no joking):
http://www.youtube.com/watch?v=dMOxYNUk ... re=related
“That’s been one of my mantras — focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” [Steve Jobs, BusinessWeek, May 25, 1998]

http://www.youtube.com/watch?v=rLqj7kzR ... re=related
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Re: 11/25/2011 Intraday Watering

Post by MrMiyagi »

They just shot that fat bastard Santa...
CH37
Posts: 95
Joined: Wed Sep 21, 2011 12:07 am

Re: 11/25/2011 Intraday Watering

Post by CH37 »

Cobra wrote:
CH37 wrote:
Cobra wrote:30 min to close, let's pray for bears sake, at least gives us one green day, pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee! :D

:o :shock:

do you mean, if today close in green, then bear will have better chance to hit market in next week ?
SPX down 6 days in a row, if red again, that'd be 7 days, so that's why bears want a green day. The low wasn't in, that's the higher odds, no matter today's green or red.


Agreed. green BF & Cyber Monday, mean bad news for bull.
8-) 8-) :mrgreen:
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/25/2011 Intraday Watering

Post by Cobra »

uempel wrote:Cobra, you Martians are good lobbyists!
The attachment pls.png is no longer available
Dropped again. I'm sooooooooooooo disappointed. :(

Hopefully a double bottom here. the next bar will tell, looks promising for bulls, but bulls need a H1 here.
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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/25/2011 Intraday Watering

Post by Al_Dente »

Intraday scalpers only… have a bit of a sell signal on ZSL into the close.

THANKS COBRA for another great week.
And Happy Holidays to all.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Petsamo
Posts: 3339
Joined: Thu Jun 30, 2011 2:22 pm

Re: 11/25/2011 Intraday Watering

Post by Petsamo »

We have a double bottom on SPY & IWM
Twitter @jackwag0n
User avatar
HighRev
Posts: 78
Joined: Tue Oct 11, 2011 3:55 pm

Re: 11/25/2011 Intraday Watering

Post by HighRev »

uempel, how do you duplicate objects in StockCharts?
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/25/2011 Intraday Watering

Post by Cobra »

it's H1 long and possible double bottom, looks promising. praying............................. :roll:
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
GreedyKojiro
Posts: 141
Joined: Thu Oct 13, 2011 6:21 pm
Contact:

Re: 11/25/2011 Intraday Watering

Post by GreedyKojiro »

CH37 wrote:
Cobra wrote:
CH37 wrote:
Cobra wrote:30 min to close, let's pray for bears sake, at least gives us one green day, pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee! :D
:o :shock:

do you mean, if today close in green, then bear will have better chance to hit market in next week ?
SPX down 6 days in a row, if red again, that'd be 7 days, so that's why bears want a green day. The low wasn't in, that's the higher odds, no matter today's green or red.
Agreed. green BF & Cyber Monday, mean bad news for bull.
8-) 8-) :mrgreen:
:twisted: We need 1.5-day bear flag :twisted:
Last edited by GreedyKojiro on Fri Nov 25, 2011 1:58 pm, edited 1 time in total.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/25/2011 Intraday Watering

Post by Cobra »

newbies might not understand what I see "double top/bottom" which plays essential part of my intraday call because you Earth people always like to try twice. Here's a simple illustration of double. Hope that helps.
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
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 11/25/2011 Intraday Watering

Post by KENA »

COBRA and All.. Have a great weekend..I will wait until next week to see about going long..Everything looks like it is shaping up for it.
Post Reply