Back to www.cobrasmarketview.com

   

01/20/2012 Intraday Watering

Re: 01/20/2012 Intraday Watering

Postby TWT » Fri Jan 20, 2012 5:10 pm

Have a nice w/e everyone !!!!!
User avatar
TWT
 
Posts: 2506
Joined: Wed Nov 16, 2011 6:57 am

Re: 01/20/2012 Intraday Watering

Postby SB73 » Fri Jan 20, 2012 5:13 pm

Full discosure I have no positions at the moment. Today played the long side a couple of times for some change not big bucks. IMO The close on the VIX should invoke a pullback Monday AM.
SB73
 
Posts: 1265
Joined: Wed Sep 14, 2011 12:20 pm

Re: 01/20/2012 Intraday Watering

Postby Tabby » Fri Jan 20, 2012 5:15 pm

99er wrote:Update

ES http://www.99ercharts.com/archives/262

Da Big Boyz be wankers.


Congrats on your new website.
Tabby
 
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 01/20/2012 Intraday Watering

Postby mozart » Fri Jan 20, 2012 5:33 pm

Everybody have a great weekend,I'm gonna hit ski slopes this weekend, here are the charts of
Silver, and Gold:
Attachments
$GOLD Gallery View - StockCharts.png
Chart courtesy of StockCharts.com
$SILVER WGallery View - StockCharts.png
Chart courtesy of StockCharts.com
$SILVER Gallery View - StockCharts.png
Chart courtesy of StockCharts.com
mozart
 
Posts: 126
Joined: Sat Oct 15, 2011 9:42 pm
Location: Toronto

Re: 01/20/2012 Intraday Watering

Postby trader_jay » Fri Jan 20, 2012 5:43 pm

Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.
trader_jay
 
Posts: 29
Joined: Mon Mar 07, 2011 3:23 pm

Re: 01/20/2012 Intraday Watering

Postby SWalsh » Fri Jan 20, 2012 5:46 pm

tdo722 wrote:wow, god damn bulls managed to squeeze out a green day after all. amazing!


Is a computer a bull?
"I told you...................bring me everyone"...http://www.youtube.com/watch?v=MrTsuvykUZk
User avatar
SWalsh
 
Posts: 1266
Joined: Thu Dec 29, 2011 5:07 am

Re: 01/20/2012 Intraday Watering

Postby FinancePhD » Fri Jan 20, 2012 5:51 pm

trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.


I saw it as well. But was his previous prediction accurate before?
FinancePhD
 
Posts: 76
Joined: Fri Dec 16, 2011 3:55 pm

Re: 01/20/2012 Intraday Watering

Postby SWalsh » Fri Jan 20, 2012 5:53 pm

Richarab wrote:
Petsamo wrote:
EFA wrote:
Petsamo wrote:We have euphoria! Everything is peachy keen! Those bears are a bunch of dummies!


How long can euphoria last before reality hits though? I'm scared to go long at these levels! :oops:

The bulls were bloodied this summer. Time to bloody the bears?


Not bloodied. Gutted


I'm not sure that's necessarily the case. I think they decimated the funds this summer, who traded both ways. And then in the mid-August to Oct 4th chop I think they nailed them 6 or 7 times and the volume we see here is that many have quit.

I think that the computers have beaten the crap out of anything they have done and I don't think it was with a strong bias either way. And now I think many have let a number of traders go and left the mkt.
"I told you...................bring me everyone"...http://www.youtube.com/watch?v=MrTsuvykUZk
User avatar
SWalsh
 
Posts: 1266
Joined: Thu Dec 29, 2011 5:07 am

Re: 01/20/2012 Intraday Watering

Postby Cobra » Fri Jan 20, 2012 6:19 pm

Guys, poll time: viewtopic.php?f=9&t=430 :lol:

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
Cobra
Site Admin
 
Posts: 41031
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/20/2012 Intraday Watering

Postby trader_jay » Fri Jan 20, 2012 6:21 pm

He nailed this rally from Nov, when spx was about 100 points lower.


FinancePhD wrote:
trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.


I saw it as well. But was his previous prediction accurate before?
trader_jay
 
Posts: 29
Joined: Mon Mar 07, 2011 3:23 pm

Re: 01/20/2012 Intraday Watering

Postby tdo722 » Fri Jan 20, 2012 9:31 pm

trader_jay wrote:He nailed this rally from Nov, when spx was about 100 points lower.


FinancePhD wrote:
trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.


I saw it as well. But was his previous prediction accurate before?


His prediction seems okay but his timing is about a month off. He said 1330 by december 23rd then game over for bulls.
tdo722
 
Posts: 953
Joined: Wed Oct 05, 2011 3:19 pm

Re: 01/20/2012 Intraday Watering

Postby trader_jay » Fri Jan 20, 2012 9:45 pm

Sort of agree with the timing -- a bit off. But for last few top and bottom calls, locations were almost perfect.

Mark his words here, next Tuesday open or close will be a top if Monday is a higher high close. ( If not, wait for the next close in the higher high sequence. )

Will check back a few weeks later.


tdo722 wrote:
trader_jay wrote:He nailed this rally from Nov, when spx was about 100 points lower.


FinancePhD wrote:
trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.


I saw it as well. But was his previous prediction accurate before?


His prediction seems okay but his timing is about a month off. He said 1330 by december 23rd then game over for bulls.
trader_jay
 
Posts: 29
Joined: Mon Mar 07, 2011 3:23 pm

Re: 01/20/2012 Intraday Watering

Postby stlwater » Sat Jan 21, 2012 1:17 am

Or... maybe he's just wrong? And that is why his "timing" is "off"?

Hey I can be right about market calls too, in fact I often am, and if I am wrong just give it time, eventually I will be right. Seriously anyone can mark a support or resistance area, proclaim that it'll be the bottom or top, but that won't necessarily make it one! Please, does he have a crystal ball?? You guys don't trade by this stuff do you? Seriously, I hope not. Gaaadds. Anyone picking a top (like so many in TVIX over the past two weeks) are getting their heads handed to them on a gold plated platter that they paid for. Don't try to catch a falling knife or stop rocket with your hand.

Is there overhead resistance ahead? Sure. Will there be a reaction at it? Probably. Will it be a top?? Depends how you define a "top" I guess. I'm sure whatever happens there will fit into his definition of a "top" or like other prognosticators his calls will be forgotten soon after they are made. I can look back at a lot of "tops" which are now below us.

I bought the December top... I added to longs today.

GLTA
User avatar
stlwater
 
Posts: 613
Joined: Fri Nov 04, 2011 2:00 pm

Re: 01/20/2012 Intraday Watering

Postby thanos » Sat Jan 21, 2012 3:46 am

stlwater wrote:Or... maybe he's just wrong? And that is why his "timing" is "off"?

Hey I can be right about market calls too, in fact I often am, and if I am wrong just give it time, eventually I will be right. Seriously anyone can mark a support or resistance area, proclaim that it'll be the bottom or top, but that won't necessarily make it one! Please, does he have a crystal ball?? You guys don't trade by this stuff do you? Seriously, I hope not. Gaaadds. Anyone picking a top (like so many in TVIX over the past two weeks) are getting their heads handed to them on a gold plated platter that they paid for. Don't try to catch a falling knife or stop rocket with your hand.

Is there overhead resistance ahead? Sure. Will there be a reaction at it? Probably. Will it be a top?? Depends how you define a "top" I guess. I'm sure whatever happens there will fit into his definition of a "top" or like other prognosticators his calls will be forgotten soon after they are made. I can look back at a lot of "tops" which are now below us.

I bought the December top... I added to longs today.

GLTA


How do I 'like' this post! :)
thanos
 
Posts: 97
Joined: Thu Jun 23, 2011 12:05 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 18 guests