02/28/2012 Intraday Watering

Post by **Cobra** » Tue Feb 28, 2012 10:00 am

Flat open, so any gap will be filled.

Nothing to say on Global ES, I'm neutral.

Al_Dente · Post by **Al_Dente** » Tue Feb 28, 2012 10:10 am

Good morning all

While SPY made a fresh high yesterday, Europe and China did not.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

KeiZai · Post by **KeiZai** » Tue Feb 28, 2012 10:10 am

GM we have a new ponzi template? Sell Europe Buy New York

GLTA my last toppish target for SPX met, if now top isnt in we are going a lot higher

SigmaEcho · Post by **SigmaEcho** » Tue Feb 28, 2012 10:12 am

Cobra wrote:Flat open, so any gap will be filled.

Nothing to say on Global ES, I'm neutral.

gm Cobra.
ES; overnight rampup reversed. low held so far. BTD again

what do you think about AEX chart?
thanks.

johnnywa · Post by **johnnywa** » Tue Feb 28, 2012 10:17 am

Buy the dip at 1361-63 @ sell at 1378

SigmaEcho · Post by **SigmaEcho** » Tue Feb 28, 2012 10:18 am

TD 47 rally since Dec without a -2.5% correction.
13 days left for >2.5% pb? else, straight to the moon by summer?

stevej · Post by **stevej** » Tue Feb 28, 2012 10:21 am

turn around Tuesday

TWT · Post by **TWT** » Tue Feb 28, 2012 10:27 am

DAX : We might see a fiver down this afternoon !!!!!

(thewavetrading.com)

Post by **Cobra** » Tue Feb 28, 2012 10:30 am

the open.

uempel · Post by **uempel** » Tue Feb 28, 2012 10:31 am

Cobra, good analysis last night, congrats. As to 1370: tough P&F resistance. And something else: the bullish percentages were slightly negative yesterday, only BPCOMPQ green. No need to go long at the mom.

Post by **Cobra** » Tue Feb 28, 2012 10:36 am

uempel wrote:Cobra, good analysis last night, congrats. As to 1370: tough P&F resistance. And something else: the bullish percentages were slightly negative yesterday, only BPCOMPQ green. No need to go long at the mom.

Thanks, I watch the BPI closely everyday (thanks to you). BPNDX is turning down, BPSPX is flat, waiting for it to turn down. It can go up but BPSPX is very close to the historically overbought level now, so even it turns up, how far it could go still is a question.

Richarab · Post by **Richarab** » Tue Feb 28, 2012 10:36 am

Cobra far too blasse in your opening remarks - huge drama last night in global es - big attempt to move out of gap reach - but morning news brought it down and showing serious volatilty - big day I think

See my call on NG yesterday
Still room to short it in my opinion

uempel · Post by **uempel** » Tue Feb 28, 2012 10:38 am

Cobra, what about 1320?

Post by **Cobra** » Tue Feb 28, 2012 10:39 am

SigmaEcho wrote:
Cobra wrote:Flat open, so any gap will be filled.

Nothing to say on Global ES, I'm neutral.
gm Cobra.
ES; overnight rampup reversed. low held so far. BTD again

what do you think about AEX chart?
thanks.

Don't see anything wrong with AEX. It's not as strong as SPX or DAX so not good, but it's not a short. It's still a buy dip setup.

Post by **Cobra** » Tue Feb 28, 2012 10:43 am

uempel wrote:Cobra, what about 1320?
asd.png

I expect from high to low 2.5% pullback, so 1376 * 97.5% = 1341.6, at minimum.

The only question is where the pullback starts: 1376 or 1476?

Post by **Cobra** » Tue Feb 28, 2012 10:52 am

you can see it as fighting on the wedge resistance but overall, the chart pattern looks not bad for bulls, a breakout on the upside seems imminent...

Me XMan · Post by **Me XMan** » Tue Feb 28, 2012 10:53 am

Gone long $137
It's got to be close to top

Post by **Cobra** » Tue Feb 28, 2012 10:59 am

the bias is up, we shall see new high today, I guess.

Avitar · Post by **Avitar** » Tue Feb 28, 2012 11:01 am

Iminent breakout? Master Cobra I thought we were "close" to a top?

Post by **Cobra** » Tue Feb 28, 2012 11:01 am

yes, new high. now it's a little overshot, so let's wait if any pullbacks or consolidation here, I'm not sure.

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