02/28/2011 Intraday Watering

bokchoy888 · Post by **bokchoy888** » Mon Feb 28, 2011 4:00 pm

Cobra wrote:See, exactly what I planned before lunch, right? Now let's see how this rebound goes...

great call!

99er · Post by **99er** » Mon Feb 28, 2011 4:07 pm

SPX
About as exciting as last night's Oscars, eh?
http://99ercharts.blogspot.com/2011/02/spx_4377.html
Support and resistance...that's the boring plot line.

Travelfrog · Post by **Travelfrog** » Mon Feb 28, 2011 4:07 pm

Here is the latest photo of my odd charts with long high low touching 1342.32. Has been happening all day.

greenback · Post by **greenback** » Mon Feb 28, 2011 4:08 pm

Cobra wrote:
greenback wrote:While mortgage originations have risen for three consecutive quarters, total mortgages serviced fell another 2% in 2010. How so? Refinancings - which just roll-over pre-existing debt - account for 78% of all new mortgages. And foreclosures - which shrink the book value of loans outstanding - remain at all-time highs.
Who cares. Obama could order to buy all the houses and everyone gets a free house. YES WE CAN!

I truly hope so since I'm in the process of buying a house ...

Post by **Cobra** » Mon Feb 28, 2011 4:11 pm

2 bar reversal and strong follow through, let's watch carefully. The last bull bar of the last hour? I sure hope not but judging by the volume on the last bull bar, bull needs to be careful here.

Post by **Cobra** » Mon Feb 28, 2011 4:34 pm

good, now the next resistance which happens to be the Fib 61.8 of today's range.

greenback · Post by **greenback** » Mon Feb 28, 2011 4:35 pm

Another very bullish bar!

Post by **Cobra** » Mon Feb 28, 2011 4:39 pm

greenback wrote:Another very bullish bar!

Bear might not want to bet tomorrow. I sure hope a surge high before the close so that I can sell into the strength!

Post by **Cobra** » Mon Feb 28, 2011 4:42 pm

Still fighting under resistance. A consolidation here would be good for bulls. Give me the last surge please!

jwishbone · Post by **jwishbone** » Mon Feb 28, 2011 4:43 pm

Cobra wrote:
greenback wrote:Another very bullish bar!
Bear might not want to bet tomorrow. I sure hope a surge high before the close so that I can sell into the strength!

Do you mean sell out of your long, or initiate short?

Post by **Cobra** » Mon Feb 28, 2011 4:46 pm

jwishbone wrote:
Cobra wrote:
greenback wrote:Another very bullish bar!
Bear might not want to bet tomorrow. I sure hope a surge high before the close so that I can sell into the strength!
Do you mean sell out of your long, or initiate short?

Sell long. I still hold short for trying the new strategy. Don't care if it wins or not but sure hope it could win.

zombiebraingoo · Post by **zombiebraingoo** » Mon Feb 28, 2011 4:47 pm

I hope some of you took this last week when I posted the chart - !

gold is really dragging here - any thoughts as to why it is lagging?

Post by **Cobra** » Mon Feb 28, 2011 4:48 pm

Bigger picture, as long as no new high tomorrow, bears still have chances because for the equally 3 down days vs 3 up days, bulls couldn't recover all the losses therefore bears are stronger. So we need watch if bull could make a new high tomorrow.

zombiebraingoo · Post by **zombiebraingoo** » Mon Feb 28, 2011 4:50 pm

If NDX could get over the trendline and break into the gap from last week we could get a bull move that would take us through April/May I think.

maybe!

Post by **Cobra** » Mon Feb 28, 2011 4:51 pm

Pullback to trendline on volume surge, I might get the last surge I want, praying...

Travelfrog · Post by **Travelfrog** » Mon Feb 28, 2011 4:55 pm

Final photo today. Has been bouncing high and low to 1324.32 all day. Extremely odd and unable to use high and lows for trendlines or PSAR. So added MA ribbon for guidance.

Simsonic · Post by **Simsonic** » Mon Feb 28, 2011 4:59 pm

This close is very, very bullish.

Post by **Cobra** » Mon Feb 28, 2011 4:59 pm

Here we go, that's it for today. Today 2 reversals are all 3 push (Up and down) reversals, very typical. Thank you guys, I'll see you tomorrow!

jwishbone · Post by **jwishbone** » Mon Feb 28, 2011 5:01 pm

Cobra wrote:Pullback to trendline on volume surge, I might get the last surge I want, praying...

Looks like you got what you wished for.

Cobra's Market View

Back to www.cobrasmarketview.com

02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering

Re: 02/28/2011 Intraday Watering