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12/29/2011 Intraday Watering

Re: 12/29/2011 Intraday Watering

Postby jarbo456 » Thu Dec 29, 2011 4:36 pm

Not MAD yet, but very close now, if we close HOD today then definitely MAD. :o[/quote]
do you have any stat for third day, after MAD?[/quote]

You forgot so quickly ha. Normally, red day tomorrow if MAD follow MDD and the MDD day low will be revisited soon. The market owns us a revisit 12/19 lows still.[/quote]

however, the harami pattern is bullish. so a red day tomorrow, followed by a bullish advance is the usual timeline.
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Re: 12/29/2011 Intraday Watering

Postby Seawaves » Thu Dec 29, 2011 4:37 pm

Cobra wrote:by the way, if we fail here, then you can finally call it a Rising Wedge. this was what I mean ascending triangle can turn into rising wedge.

but the volume for the last push seems not comply with rising wedge rule, doesn't it?
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Re: 12/29/2011 Intraday Watering

Postby SB73 » Thu Dec 29, 2011 4:38 pm

SB73 wrote:
SB73 wrote:Cobra,

Are my eyes playing tricks with me or do I see a 3 push up finished.


SPY 125.90, 125.97, 126.10


Of course I believe the market will finish very near the HOD...that seems to be the mode of operation.
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Re: 12/29/2011 Intraday Watering

Postby Cobra » Thu Dec 29, 2011 4:41 pm

consolidates above the breakout point, so I see it as a valid breakout and the tinted area shall be the target.
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Re: 12/29/2011 Intraday Watering

Postby Al_Dente » Thu Dec 29, 2011 4:42 pm

jarbo456 wrote:
Al_Dente wrote:BTW: what is pushing her up anyway? XHB sector all alone?
Clue? strongest globals are EWQ, EWP, EWI
Jarbo, what’s the euro doing?...Or just a plain old garden-variety short squeeze….

digesting...
bears would've liked to have the digesting going on around 1.2850 instead of a hundred pips higher...but they have a hundred pips to spare to 1.3150 or so before the bulls could realistically say there might be some kind of bottom put in. there's some chatter about portfolio repositioning into the end of the year with funds selling overhedged positions in the EUR (aka buying back EUR), but on the longer term chart, the EUR still looks rather weak. next stop 1.2650 seems pretty guaranteed barring major fundamentals shifts.
sentiment remains extremely EUR bearish.

Thanks jar
Do you have any take on EUR bear vs eurozone stocks ETFs bullish?
I know, I gotta do my own homework on that one…..

btw: S*Q*U*E*E*Z*E
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Re: 12/29/2011 Intraday Watering

Postby HappyFriday » Thu Dec 29, 2011 4:43 pm

Don't hold short today, you will lose your pants and under wear too ! JMHO
Fund managers like over 10% dividend yield for NOK
Fund managers love hated stock RIMM FSLR BAC...
Watch and see S&P 1270...
:lol: :D :lol:
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Re: 12/29/2011 Intraday Watering

Postby mozart » Thu Dec 29, 2011 4:43 pm

Silver seem to be doing better than Gold today, just dad cat bounce, out of long position, thinking about going short again.
Chart looks terrible.
Just another opinion!
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Re: 12/29/2011 Intraday Watering

Postby Al_Dente » Thu Dec 29, 2011 4:44 pm

VIX low on day?
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Re: 12/29/2011 Intraday Watering

Postby lqiantobe » Thu Dec 29, 2011 4:45 pm

Corba, If today is the valid breakout, do you still expect tmr will be down day? Or at least tmr will be a HH
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Re: 12/29/2011 Intraday Watering

Postby Cobra » Thu Dec 29, 2011 4:46 pm

a little overshot here, so might see pullback.
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Re: 12/29/2011 Intraday Watering

Postby Cobra » Thu Dec 29, 2011 4:47 pm

lqiantobe wrote:Corba, If today is the valid breakout, do you still expect tmr will be down day? Or at least tmr will be a HH


statistically, tomorrow should be red.

the breakout today is for intraday pattern only. valid only on 5 min chart.

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Re: 12/29/2011 Intraday Watering

Postby tdo722 » Thu Dec 29, 2011 4:48 pm

lqiantobe wrote:Corba, If today is the valid breakout, do you still expect tmr will be down day? Or at least tmr will be a HH


according to cobra's inertia law, we see a higher high first before any low to visit???
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Re: 12/29/2011 Intraday Watering

Postby lqiantobe » Thu Dec 29, 2011 4:49 pm

Cobra wrote:
lqiantobe wrote:Corba, If today is the valid breakout, do you still expect tmr will be down day? Or at least tmr will be a HH


statistically, tomorrow should be red.

the breakout today is for intraday pattern only. valid only on 5 min chart.


How to tell if it's intraday pattern or tomorrow has HH?
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Re: 12/29/2011 Intraday Watering

Postby Al_Dente » Thu Dec 29, 2011 4:50 pm

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Re: 12/29/2011 Intraday Watering

Postby Cobra » Thu Dec 29, 2011 4:50 pm

again, this is the Rising Wedge. You guys got it? :lol: :mrgreen:
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Re: 12/29/2011 Intraday Watering

Postby knock » Thu Dec 29, 2011 4:51 pm

Cobra wrote:again, this is the Rising Wedge. You guys got it? :lol: :mrgreen:

So a downfall can occur any time?
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Re: 12/29/2011 Intraday Watering

Postby Cobra » Thu Dec 29, 2011 4:52 pm

knock wrote:
Cobra wrote:again, this is the Rising Wedge. You guys got it? :lol: :mrgreen:

So a downfall can occur any time?


No. a pattern only valid if indeed breakout as it supposed to be, otherwise it's just an imaginary pattern, not the real one! 8-)

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Re: 12/29/2011 Intraday Watering

Postby johnnywa » Thu Dec 29, 2011 4:52 pm

Cobra wrote:a little overshot here, so might see pullback.

Maybe but I think they try 1265.Red 6 out of 7 years on last day of year.But throw stats out don't work no more.Threw tranny out reversing car this morning
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Re: 12/29/2011 Intraday Watering

Postby Al_Dente » Thu Dec 29, 2011 4:53 pm

will sell SLV into the close for NO good reason
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Re: 12/29/2011 Intraday Watering

Postby Cobra » Thu Dec 29, 2011 4:53 pm

unbelievable, so far it's MAD. :o

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