12/12/2011 Intraday Watering

TWT · Post by **TWT** » Mon Dec 12, 2011 4:50 pm

SPX: At the end a questionable bottom

Maybe with a murky Leading Diagonal .....

Post by **Cobra** » Mon Dec 12, 2011 4:50 pm

wayne0708 wrote:
CognitiveDissonance wrote:So, what I'm understanding between this board and some EW work is:

short term up but medium term down?
Cobra please explain what u mean by phantom bars work again
Thanks

didn't all the phantom bars target reached? I drew all the cycle on the chart, they're all met, except one, could be tomorrow's target.

heavenskrow · Post by **heavenskrow** » Mon Dec 12, 2011 4:52 pm

waverider wrote:Exited UPRO one minute ago, got out even, your welcome etrade for the comission. Have a good one everyone.

i got in around 123.27 so I could run this a little more...
Last friday my stop loss was briefly below the neckline of mini inverse H+S and i got screwed on gap down.....
call me stupid but im gonna leave my stop in the same method.... if i get a gap down below the bigger neckline tomorrow, im f*cked.

Post by **Cobra** » Mon Dec 12, 2011 4:54 pm

fulkdaddy wrote:
Cobra wrote:
EFA wrote: Could you please clarify that "It's confirmed 1-2-3 trend changes" meaning SPY will start going up?
Thanks
will be in tonight's report. eventually I won't talk about day trend here otherwise it'd be unfair to paid members. I'll only talk about intraday trend here.
Cobra, if you did not give us thoughts on what may happen tomorrow, then we do not know if you believe it is prudent to hold a position over night or cover. Thus, it is a big help when you give us thoughts for the next day before the close...it would be sad to lose your insight for the next day...

about overnight position, it's what the daily "trading signals" in AH for. Most people should be able to adjust position in AH.

CognitiveDissonance · Post by **CognitiveDissonance** » Mon Dec 12, 2011 4:55 pm

ARghh,

efff me running on this close. not feeling the love anywhere....

jarbo456 · Post by **jarbo456** » Mon Dec 12, 2011 4:56 pm

Cobra wrote:
fulkdaddy wrote:
Cobra wrote:
EFA wrote: Could you please clarify that "It's confirmed 1-2-3 trend changes" meaning SPY will start going up?
Thanks
will be in tonight's report. eventually I won't talk about day trend here otherwise it'd be unfair to paid members. I'll only talk about intraday trend here.
Cobra, if you did not give us thoughts on what may happen tomorrow, then we do not know if you believe it is prudent to hold a position over night or cover. Thus, it is a big help when you give us thoughts for the next day before the close...it would be sad to lose your insight for the next day...
about overnight position, it's what the daily "trading signals" in AH for. Most people should be able to adjust position in AH.

not to step on the toes of the daily report...but can you comment on your thoughts for what looks like a failed 1-2-3 reversal pattern?

billrider321 · Post by **billrider321** » Mon Dec 12, 2011 4:58 pm

Cobra,

It would be nice if you can indicate your thought few minutes before close. I am only able to trade RYDEX funds and would like to position myself before the close. Your trend change comment was partially understood by many of us. I have subscribed to your nightly reports. I have a full time job and monitor the board for learning purpose but dont comment much at all.

thanks
Bill

Post by **Cobra** » Mon Dec 12, 2011 4:59 pm

well, guess that's it for today. I said it's not necessarily a good sign for bulls with this strong close because it means nobody expecting further drop. we people might be correct that no more drop anymore sometimes but more often than not the market would surprise us. Thank you guys, I'll see you tomorrow.

heavenskrow · Post by **heavenskrow** » Mon Dec 12, 2011 4:59 pm

Dear God,
Please don't takeout the neckline of the inverse H+S overnight. I will love you forever if you don't.

heavenskrow · Post by **heavenskrow** » Mon Dec 12, 2011 5:00 pm

CRAP. i wish i sold it....

99er · Post by **99er** » Mon Dec 12, 2011 5:01 pm

Update

EURUSD and ES http://99ercharts.blogspot.com/2011/12/eurusd-es.html

Both below possible necklines. More fun to come.

Edit: Evening Update

http://99ercharts.blogspot.com/2011/12/ ... es_12.html

michelangelo · Post by **michelangelo** » Mon Dec 12, 2011 5:01 pm

VIX AND SPX are both down about 1.5%. Anyone with numbers on this?

TWT · Post by **TWT** » Mon Dec 12, 2011 5:01 pm

NDX: has a better looking project of an impulse up

CMT · Post by **CMT** » Mon Dec 12, 2011 5:02 pm

heavenskrow wrote:CRAP. i wish i sold it....

Just sell it in the extended trading!!!

Post by **Cobra** » Mon Dec 12, 2011 5:05 pm

billrider321 wrote:Cobra,

It would be nice if you can indicate your thought few minutes before close. I am only able to trade RYDEX funds and would like to position myself before the close. Your trend change comment was partially understood by many of us. I have subscribed to your nightly reports. I have a full time job and monitor the board for learning purpose but dont comment much at all.

thanks
Bill

Thanks. I'll if I'm sure what'd happen the next day. Today, I don't know what's in for tomorrow. the market itself is pretty much clueless I think.

CognitiveDissonance · Post by **CognitiveDissonance** » Mon Dec 12, 2011 5:05 pm

heavenskrow wrote:CRAP. i wish i sold it....

AH dude....use it.

SB73 · Post by **SB73** » Mon Dec 12, 2011 5:05 pm

heavenskrow wrote:CRAP. i wish i sold it....

I have been away for awhile are you wishing you were short or long overnight?

jaijailyc · Post by **jaijailyc** » Mon Dec 12, 2011 5:07 pm

holding the $TNA i purchased early this morning @ 43.15 to 43.20ish overnight.

CognitiveDissonance · Post by **CognitiveDissonance** » Mon Dec 12, 2011 5:10 pm

heavenskrow wrote:
waverider wrote:Exited UPRO one minute ago, got out even, your welcome etrade for the comission. Have a good one everyone.
i got in around 123.27 so I could run this a little more...
Last friday my stop loss was briefly below the neckline of mini inverse H+S and i got screwed on gap down.....
call me stupid but im gonna leave my stop in the same method.... if i get a gap down below the bigger neckline tomorrow, im f*cked.

PM'ed you

heavenskrow · Post by **heavenskrow** » Mon Dec 12, 2011 5:14 pm

hmmm whats interesting is the Russel made a higher low while SP500 made a lower low...
Usually Russel should lead to downside if this bear is real as it is higher beta.

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12/12/2011 Intraday Watering

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