Re: 03/25/2011 Intraday Watering
Posted: Fri Mar 25, 2011 3:08 pm
FIB extensions
The Intraday US Stock Market Discussion Board
http://bbs.cobrasmarketview.com/
how do you count the down days vs up days during 2010-Feb bottom?Cobra wrote:This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minutes the market doesn't shoot up huge of course.
That's one exception. Nothing works 100%.90ufo wrote:how do you count the down days vs up days during 2010-Feb bottom?Cobra wrote:This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minutes the market doesn't shoot up huge of course.
I would agree in a "normal" market, but we have not had a normal market in at least 2 years. Just buy the dip.Cobra wrote:This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minute s the market doesn't shoot up huge of course.
I am buying dips. But I still find hard to believe that we won't test 03/16 lows first especially because of the bad seasonality the next week.ActiveTrader wrote:I would agree in a "normal" market, but we have not had a normal market in at least 2 years. Just buy the dip.Cobra wrote:This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minute s the market doesn't shoot up huge of course.
Anyhow, the 04/08 to 04/13 time window is perhaps the most important time window this year.Tabby wrote:Cobra,
earning report usually starts with AA which is going to be on April 10.
Thanks Cobra, I believe it with you on this.Cobra wrote:I am buying dips. But I still find hard to believe that we won't test 03/16 lows first especially because of the bad seasonality the next week.ActiveTrader wrote:I would agree in a "normal" market, but we have not had a normal market in at least 2 years. Just buy the dip.Cobra wrote:This chart by the way, still is what I'm looking at. If you don't believe me, you can compare all the past bottoms to see how the market rebounded. So I'll maintain that we'll retest the 03/16 lows first before making a new high assume in the last 56 minute s the market doesn't shoot up huge of course.
i like laoda's evil Martian plan :twisted:Cobra wrote:If we keep pullback the next Monday then everything goes as I planned :mrgreen: , I'll then expect another try on the upside then at least a 2 legged pullbacks. My plan is still buy the very first dip. (By the way, as most of you could have noticed, I have no problem in chasing high, so a huge gap up the next Monday? Sure, I'll buy the OR breakout, no problem)
I see little fears on 1h MACD, No worry, no one buy puts to protect themselves.cletus wrote:Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL
Assume we close here with no miracle huge down, then this weekend, I'll show you guys another weapon explaining why I still expect that 03/16 lows will be tested, at least my evil plan would work the next week - i.e. a 2 legged pullback at least. I don't want to show you charts now so that you guys would come to read my weekend report. Yet, that's right, it has something to do with VIX. The cases are not lots so again may not mean anything and as you all know, those days, all bulls need are imagination, nothing more, so I could be very very very very (insert 100 very here) wrong.cletus wrote:Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL
I've been waiting for this secret weapon, can't wait.Cobra wrote:Assume we close here with no miracle huge down, then this weekend, I'll show you guys another weapon explaining why I still expect that 03/16 lows will be tested, at least my evil plan would work the next week - i.e. a 2 legged pullback at least. I don't want to show you charts now so that you guys would come to read my weekend report. Yet, that's right, it has something to do with VIX. The cases are not lots so again may not mean anything and as you all know, those days, all bulls need are imagination, nothing more, so I could be very very very very (insert 100 very here) wrong.cletus wrote:Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL