Back to www.cobrasmarketview.com

   

12/05/2011 Intraday Watering

Re: 12/05/2011 Intraday Watering

Postby rhight » Mon Dec 05, 2011 4:57 pm

SB73 wrote:
jimme wrote:
jarbo456 wrote:alright then. so who's holding short overnight?

i have to say, owning puts on XLF isn't really all that exciting. -_-


I am ready for the upcoming 2 day event.


yes sir 2/3 of the position.


I took out a discretionary short at SPX 1264 (200DMA) with a stop at 1275, risking $300 loss, via SDS. SPX 1275 is about 4 points above the downtrend from the July High. Expecting a minor swing low, not necessarily a new intermediate downtrend.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
User avatar
rhight
 
Posts: 608
Joined: Mon Jun 20, 2011 10:31 am

Re: 12/05/2011 Intraday Watering

Postby SB73 » Mon Dec 05, 2011 4:59 pm

Just me, but I do not see a new high tomorrow. If we do I will be taken out of my shorts.
SB73
 
Posts: 1265
Joined: Wed Sep 14, 2011 12:20 pm

Re: 12/05/2011 Intraday Watering

Postby Cobra » Mon Dec 05, 2011 4:59 pm

well, guess that's it for today. although the intraday action seems bearish but I won't make my bearish move too early after all this is against the trend. Thank you guys, I'll see you tomorrow.
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
Cobra
Site Admin
 
Posts: 45418
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/05/2011 Intraday Watering

Postby jarbo456 » Mon Dec 05, 2011 5:00 pm

wow. quite the kick save at the end of the day. took down a few of my shorts, but still holding the majority overnight. i'm not sure what's going on.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 12/05/2011 Intraday Watering

Postby Al_Dente » Mon Dec 05, 2011 5:00 pm

cellphone wrote:The ball is in bear hands now

Well hello Bill
How's things?
U a fan of Cobra too?
User avatar
Al_Dente
 
Posts: 23693
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/05/2011 Intraday Watering

Postby StrikePrice » Mon Dec 05, 2011 5:01 pm

That's what you call Dow 12,000 support. Nice close.
Of course, I'm clueless and will guess a gap down and turnaround to a higher high tomorrow.
StrikePrice
 
Posts: 770
Joined: Wed Mar 30, 2011 1:27 pm

Re: 12/05/2011 Intraday Watering

Postby Petsamo » Mon Dec 05, 2011 5:01 pm

6.3 million last buy on SPY. Looks like we gap up fellas.
Twitter @jackwag0n
User avatar
Petsamo
 
Posts: 3339
Joined: Thu Jun 30, 2011 2:22 pm

Re: 12/05/2011 Intraday Watering

Postby jarbo456 » Mon Dec 05, 2011 5:03 pm

Petsamo wrote:6.3 million last buy on SPY. Looks like we gap up fellas.


do you have stats on the last buy/sell predicting the next day's open?
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 12/05/2011 Intraday Watering

Postby jarbo456 » Mon Dec 05, 2011 5:05 pm

SPY just got bid up another 50 cents post 4pm. wow.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 12/05/2011 Intraday Watering

Postby Me XMan » Mon Dec 05, 2011 5:06 pm

Oh yeah...stick save...more gap up tomorrow :D

jarbo456 wrote:SPY just got bid up another 50 cents post 4pm. wow.
User avatar
Me XMan
 
Posts: 2014
Joined: Thu Feb 17, 2011 12:01 pm

Re: 12/05/2011 Intraday Watering

Postby Me XMan » Mon Dec 05, 2011 5:07 pm

They gonna play this gap up and sell tomorrow.

Petsamo wrote:6.3 million last buy on SPY. Looks like we gap up fellas.
User avatar
Me XMan
 
Posts: 2014
Joined: Thu Feb 17, 2011 12:01 pm

Re: 12/05/2011 Intraday Watering

Postby Buckethead » Mon Dec 05, 2011 5:13 pm

Close at low of day not as good for gap down signal as closing OFF the lows.
I like how everyone is skeptical of a gap down

Petsamo wrote:6.3 million last buy on SPY. Looks like we gap up fellas.
Buckethead
 
Posts: 141
Joined: Fri Oct 28, 2011 10:48 am

Re: 12/05/2011 Intraday Watering

Postby jarbo456 » Mon Dec 05, 2011 5:15 pm

Buckethead wrote:Close at low of day not as good for gap down signal as closing OFF the lows.
I like how everyone is skeptical of a gap down

Petsamo wrote:6.3 million last buy on SPY. Looks like we gap up fellas.


it was a kick save, but it didn't last long. SPY is settling at 126...all that buying into the close looked worse (for bears) than it ended up being.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 12/05/2011 Intraday Watering

Postby Me XMan » Tue Dec 06, 2011 10:04 am

I'm trading with my new Gap-up and Gap-down play today.
Have long and short positions on SPY as of yesterday close.
User avatar
Me XMan
 
Posts: 2014
Joined: Thu Feb 17, 2011 12:01 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 16 guests