12/27/2011 Intraday Watering

fehro · Post by **fehro** » Tue Dec 27, 2011 4:32 pm

retest? pull back to 1259ish? 200 Day SMA = 1259

Me XMan · Post by **Me XMan** » Tue Dec 27, 2011 4:33 pm

Closing low would open a crack in the door for bears to come in

q2model · Post by **q2model** » Tue Dec 27, 2011 4:35 pm

Cobra wrote:key time, bulls cannot fail here because if so, it's clear the failed last push up (4th push) as I said before. Watch the green line below.

Are we still talking about intraday here?

Seawaves · Post by **Seawaves** » Tue Dec 27, 2011 4:39 pm

fehro wrote:retest? pull back to 1259ish? 200 Day SMA = 1259

Missed your chart, seems it start sto show that RSI ND Cobra asked for

Post by **Cobra** » Tue Dec 27, 2011 4:39 pm

so far a typical 3 push up with the last failed push up attempt. critical here. breakout below would be Double Top.

Mr. BachNut · Post by **Mr. BachNut** » Tue Dec 27, 2011 4:41 pm

Shorted some SPY to start layering a hedge.
While technicals look fine to me, I am suspicious.
Starting to hedge now is in case of a December 2007 scenario.
That year, there was a high early in the month, followed by a decline, followed by a rapid rise only to roll over and start declining the last three days of the year.
So far, this month is kind of similar to that. So, I am OK leaving some potential gain on the table and strolling to the side lines.

Post by **Cobra** » Tue Dec 27, 2011 4:41 pm

target if indeed breakdown.

cougar · Post by **cougar** » Tue Dec 27, 2011 4:47 pm

….but what can change the outcome, is a touch of bullish engineering, during the last 23 minutes of the trading day, like THEY did last Friday!

KENA · Post by **KENA** » Tue Dec 27, 2011 4:48 pm

If we look back to Nov 8-9 SPX this is a tripple top within a couple of points.Dose not look good.

bullybear · Post by **bullybear** » Tue Dec 27, 2011 4:52 pm

We know we ugly and stupid, and we know we stink because we never take bath, but we do pray and we have lots and lots of hope.

Santa, please we beg, come to save us. We promise to take bath and pray harder

Post by **Cobra** » Tue Dec 27, 2011 4:58 pm

well, guess that's it for today. Bulls feel tried but we'll have to see tomorrow. Thank you guys, I'll see you tomorrow.

Me XMan · Post by **Me XMan** » Tue Dec 27, 2011 5:01 pm

Thanks Cobra.

Cobra wrote:well, guess that's it for today. Bulls feel tried but we'll have to see tomorrow. Thank you guys, I'll see you tomorrow.

tdo722 · Post by **tdo722** » Tue Dec 27, 2011 5:03 pm

Cobra wrote:well, guess that's it for today. Bulls feel tried but we'll have to see tomorrow. Thank you guys, I'll see you tomorrow.

I think Cobra means, Bulls failed twice?

wayne0708 · Post by **wayne0708** » Tue Dec 27, 2011 5:18 pm

tdo722 wrote:
Cobra wrote:well, guess that's it for today. Bulls feel tried but we'll have to see tomorrow. Thank you guys, I'll see you tomorrow.
I think Cobra means, Bulls failed twice?

*tired

mozart · Post by **mozart** » Tue Dec 27, 2011 6:11 pm

"To be, or not to be"

Cobra's Market View

Back to www.cobrasmarketview.com

12/27/2011 Intraday Watering

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