01/06/2012 Intraday Watering

[simon]

Cobra, from your TRADING THE ODDS post last night, if today spx is green , Monday 100% green, am I reading that post correctly, and how do YOU feel about that?

[Xian]

Thanks Finance, thanks X Man! Enjoy your weekend

[Cobra]

still looks like an ascending triangle but I won't take long on breakout anymore, it's weekend after all.

[SB73]

still looks like an ascending triangle but I won't take long on breakout anymore, it's weekend after all.

We need a pbar to guide our trading

[Cobra]

still looks like an ascending triangle but I won't take long on breakout anymore, it's weekend after all.

We need a pbar to guide our trading

pbar only happens when market is not boring. We've had lots of boring days now...

[KENA]

I can't back this up with charts or TA but I am getting that feeling that this could be the first thrust dn to test the Oct lows.Not ruleing out a fake out pop to 1292..Sometimes feelings work out..IMHO.

[Cobra]

Cobra, from your TRADING THE ODDS post last night, if today spx is green , Monday 100% green, am I reading that post correctly, and how do YOU feel about that?

Welcome aboard!

I don't know how to comment statistics other then if you truly believe it, it usually goes wrong, if you decide not to believe it, it always right.

[SB73]

I can't back this up with charts or TA but I am getting that feeling that this could be the first thrust dn to test the Oct lows.Not ruleing out a fake out pop to 1292..Sometimes feelings work out..IMHO.

Seems like everybody and their dog has that target. If it were a bearish target I wouldn't beilieve it because too many would be on the same side of the trade, but since it is bullish it must be true.

[proteus46]

Last hour selloff? Wait and watch

http://blogs.wsj.com/marketbeat/2012/01 ... d=yahoo_hs

I love the Einstein quote

[KENA]

From what I see we broke out of the triangle to the dn side.Lets see if it holds.

[stucap]

From what I see we broke out of the triangle to the dn side.Lets see if it holds.

i think so too but plenty of other support to play with -- and its 330 so let the games begin!

[gabor]

I think, today was not the pivot day. May be next week.

[Cobra]

From what I see we broke out of the triangle to the dn side.Lets see if it holds.

it's not a clear breakout so still it's Ascending Triangle. bears need breakout the green line below to invalidate the pattern.

[Sleeperz]

CES 2012 officially begins on Monday in Las Vegas, QQQ is still up.

[Me XMan]

Per wise words from Cobra, let's wait and see

I think, today was not the pivot day. May be next week.

[Al_Dente]

Last half hour
Who wants to hold over the weekend?
mmmmm, so the longs may be selling into the close (bearish)
Or the bears don’t want to hold over the weekend and may be short covering into the close (bullish)
nyadv/nydec says it could easily tip either way
1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

http://www.youtube.com/watch?v=XeeMDGq1FMI

[SB73]

[waverider]

Last half hour
Who wants to hold over the weekend?
mmmmm, so the longs may be selling into the close (bearish)
Or the bears don’t want to hold over the weekend and may be short covering into the close (bullish)
nyadv/nydec says it could easily tip either way
1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

http://www.youtube.com/watch?v=XeeMDGq1FMI

Just watching paint dry for now.

[Cobra]

19 min left, now let's see if we have yet another red NFP day. if the 3rd time is the charm, although we had the sharp reversal again today, then close a little in red still make "the 3rd time is the charm".

[SB73]

http://stockcharts.com/h-sc/ui

Haven't closed below this trendline on the 15 min...it was a fib fan I had at one time.