03/06/2012 Intraday Watering

[Cobra]

Gap down below yesterday's low so chances are the gap won't be filled.

Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real, so the target might be possible.

[noob]

Morning Cobra, where's the "this is too stretched" talk?

[smoothy]

Good morning. This is my first post here and I just wanted to greet all and thank Sir Cobra for all of the daily market charts and guidance. I am a full time trader and appreciate the perspective and updates provided via Twitter.

[jimme]

A confirmed FIVER in the dollar (/DX) on a 60 min chart. GLTA jimme

[trendfollower]

Interesting points on gold and silver article:

http://goo.gl/wZg04

[Me XMan]

Ain't saying anything but let my shorts ride

[Cobra]

the open.

[Harapa]

Per DeMark Range Expansion Algo

[soku]

eventually, eventually it's over. for the past couple weeks we see a low volume low volatility melt up, which is a market dumb money buy and hope while pro traders do nothing.
since the low quality of the up trend, we don't have many supports. i think 1330 area maybe the first stop. and here is a list of some factual numbers based on SPX.
1352.28, low of 2/23/2012
1337.35, low of 2/10/2012
1300.49, low of 1/30/2012
1258.78, 200-day SMA

[Cobra]

a little bit bigger picture. no comments.

[BBFinance]

Gap down below yesterday's low so chances are the gap won't be filled.

Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real, so the target might be possible.

GM Cobra,
The target, is it for the entire correction or for today?
I know the board is for day trading and hence this question.
Thanks for your kind answer.
BBF

[KENA]

SOKU..Here is a fairlly new stock that poped up for me the other day..It is just about your name..Watch "YOKU" It has had both a dn move and up tending..Who knows it could turn out to be a good one (maybe)..Let me know if you find out any on it.Wait and see.

[TWT]

SPX: Now there is no doubt that a top is in plce

I think I am going to take half of the afternoon off to enjoy the shorts

Below I have a possible count, but be aware that with corrective patterns it is not easy to nail the correct EWP.

(thewavetrading.com)

[TWT]

Ain't saying anything but let my shorts ride

YES CELEBRATION TIME !!!!!

[soku]

SOKU..Here is a fairlly new stock that poped up for me the other day..It is just about your name..Watch "YOKU" It has had both a dn move and up tending..Who knows it could turn out to be a good one (maybe)..Let me know if you find out any on it.Wait and see.

well i started here with a user id of yoku for reason. soku is just another website of yoku. i cannot comment on it.
did u short yr pet? worst stock in d30 for couple days

[SB73]

Ain't saying anything but let my shorts ride

YES CELEBRATION TIME !!!!!

Can you post your latest TVIX chart.

[L_T]

Bulls have faith: the day is still young but a couple of these short term setups may come to fruition by the end of the day if SPY stays put or goes lower.

[Cobra]

Gap down below yesterday's low so chances are the gap won't be filled.

Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real, so the target might be possible.

GM Cobra,
The target, is it for the entire correction or for today?
I know the board is for day trading and hence this question.
Thanks for your kind answer.
BBF

I don't believe it's for today and it doesn't have to be hit exactly, it just means more down ahead, that's it. Double Top has 72% chances to meet the target.

[BullBear52x]

this correction will last couple more days, $NYHL now in the red, DBV confirmed down also today. not good

[TWT]

Ain't saying anything but let my shorts ride

YES CELEBRATION TIME !!!!!

Can you post your latest TVIX chart.

You must be joking I am out for the next 3 hours ::::::::::::::.