Back to www.cobrasmarketview.com

12/29/2011 Intraday Watering

Post Reply
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

12/29/2011 Intraday Watering

Post by Cobra »

Small gap up, within yesterday's range, so chances are the gap will be filled.

Tough call on Global ES, it may looks like a Bear Flag, but you can also interpret it as already had the 2nd test on the low, made a higher low, so there're some chances that the bottom was in. So which cases would be, we'll have to wait and see. Judging by Euro and gold, the Bear Flag case has a little better chances though.
1.png
2.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.
johnnywa
Posts: 1030
Joined: Tue Aug 23, 2011 11:09 am

Re: 12/29/2011 Intraday Watering

Post by johnnywa »

Small dead cat bounce,disappointing jobless claims,Italian bond trending back up,dollar up.Looking for 1230-40 into Friday before a bigger bounce next week.
knock
Posts: 338
Joined: Mon Sep 12, 2011 9:42 am

Re: 12/29/2011 Intraday Watering

Post by knock »

It's a symmetric triangle. A fall is expected in the afternoon, IMHO.
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 12/29/2011 Intraday Watering

Post by 99er »

Good Morning.

So honey...it's gonna be a New Year.

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

Any resolutions?
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 12/29/2011 Intraday Watering

Post by 99er »

User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 12/29/2011 Intraday Watering

Post by 99er »

johnnywa
Posts: 1030
Joined: Tue Aug 23, 2011 11:09 am

Re: 12/29/2011 Intraday Watering

Post by johnnywa »

Honey put your sunglasses on its,bright out there ,probably hit a few moguls on the way down :o
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 12/29/2011 Intraday Watering

Post by 99er »

cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 12/29/2011 Intraday Watering

Post by cougar »

Good morning!
SPX was parked in a very busy area. Over night the futures market was a real “ Italian casino*”…
The Italian auction of 10 yr. “worked” (with a massive help from the ECB) at a yield of 6.98% - but they couldn’t sell the whole package…
------------
* in Italian, “casino “ is a cathouse …
===========
On the 5 min chart, notice the “Virtual Fork”:

=================
Attachments
SPX5.GIF
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/29/2011 Intraday Watering

Post by BullBear52x »

GM,
Any thing higher will be sold! /ES 1240 need to hold here.
Attachments
spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 12/29/2011 Intraday Watering

Post by cougar »

IWM and QQQ exhibit distinct patterns of a recently acquired weakness:
Attachments
IWM.GIF
QQQ.GIF
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/29/2011 Intraday Watering

Post by Al_Dente »

Good morning all
Congratulations Cobra on the best disqus comments of the year on last night’s outlook
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
jynmax
Posts: 52
Joined: Mon May 02, 2011 3:00 pm

Re: 12/29/2011 Intraday Watering

Post by jynmax »

GM,COBRA。
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/29/2011 Intraday Watering

Post by Cobra »

the open.
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
oldpigwang
Posts: 159
Joined: Wed Jun 01, 2011 11:58 am

Re: 12/29/2011 Intraday Watering

Post by oldpigwang »

Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?
User avatar
oldpigwang
Posts: 159
Joined: Wed Jun 01, 2011 11:58 am

Re: 12/29/2011 Intraday Watering

Post by oldpigwang »

Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?
User avatar
waverider
Posts: 863
Joined: Thu Aug 18, 2011 4:24 pm

Re: 12/29/2011 Intraday Watering

Post by waverider »

$BPGDM -25% yesterday, almost a record low. The bottom in gold SHOULD be near.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"

-Jesse Livermore
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/29/2011 Intraday Watering

Post by Cobra »

oldpigwang wrote:Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?
I see it as consolidation before the next leg down.
Attachments
2.png
2.png (9.37 KiB) Viewed 10938 times

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: 12/29/2011 Intraday Watering

Post by 99er »

cougar

You're on fire today.
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 12/29/2011 Intraday Watering

Post by 99er »

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_29.html

Two heads are better than one.
Post Reply