08/25/2011 Intraday Watering

[AK84]

Cobra,

Looks like you were WRONG AGAINNNNN about second leg downn!!!

IDIOTS!!!

[uempel]

Cobra, do you mean this?

[bsw]

Cobra,

Looks like you were WRONG AGAINNNNN about second leg downn!!!

IDIOTS!!!

Wow, do you always use your mouth to fart??

[AK84]

Cobra,

Looks like you were WRONG AGAINNNNN about second leg downn!!!

IDIOTS!!!

Wow, do you always use your mouth to fart??

lol. that was SARCASM!!!!! cobra knows what I meant!

[cougar]

IWM: still shorting... not stopped yet!
LOL!

[Cobra]

tinted area could be the rebound target, if bulls are strong here. let's see.

[KENA]

My line in the sand is 1157.If Bears can break thru with some force then Bears will have the lead.Next will be 1152 area.Wait and see,one step at a time.

[uempel]

Update:

SPX5.png

nice chart

Thanks, but SPX bounced early at 1155.94, and not at 1155. But I'm waiting for further downside. Buffet's buy did not boost the market and that's a bad sign.

[Cobra]

I still don't believe the market will do the same like the previous 2 days where the intraday weakness was bought. I believe we'll close low of day today because the 3rd time is the charm. In case it's being bought again, the up momentum definitely is weakened, so I'd expect the push up would make a lower high and there'll be another sell off to bring down the market again. Lunch time, will be back.

[Cobra]

maintain the tinted area target, that's the mini target. I really leave now for lunch this time.

[yellowreign]

HEy! Cobra, This is just an idea. And may be it's stupid but...

Why don't you write and sell something like a White Paper about your basics, main stats you choose, tools, describing your systems...? That could be a way to make some money if you don't want to make this or there suscription... we all know ads are not what they were...

This site will be free as long as I can because it's not simply because of me, you're here, it's because all the brilliant traders here offering excellent ideas, so I intend to make this open.

For others, I mean my daily report, I'll have to take some further step soon. Because my wife is with me now, she won't tolerate me hanging on the web site all day long without any income for too long. So everything has an end, hopefully you could understand.

The reason I haven't taken any action so far is I'm worried about my other web site which is hutong9.net which servers the same purpose here as an open site for gathering ideas. I'm afraid my leave of that site will bring it down dramatically. So really, a tough decision here.

you should have a membership site where everything is integrated, the blog, the forum, members could have their own blogs, lots of stuff

right, thanks. May be we should move to vBulletin eventually.

Cobra, would you ever consider having a subscription service that sends emails when you make demo account or CIS trades? I think people would pay to receive subscriptions, If you only post demo and CIS info after the initial trigger (and subscribers get trigger info real-time).

[trader0303]

maintain the tinted area target, that's the mini target. I really leave now for lunch this time.

Thanks Cobra, enjoy lunch!

[MajorEasy]

someone wrote that the ES was hard to trade.
i suggest that they learn this very simply setup first before they comment about trading the ES e-mini.
this chart is from 2003.
http://www.trading-naked.com/FloorTrade ... amples.htm

[BullBear52x]

Lookie here, RSI is will tell.

[StrikePrice]

I still don't believe the market will do the same like the previous 2 days where the intraday weakness was bought. I believe we'll close low of day today because the 3rd time is the charm. In case it's being bought again, the up momentum definitely is weakened, so I'd expect the push up would make a lower high and there'll be another sell off to bring down the market again. Lunch time, will be back.

The Evil Plan looks great. H&S pattern EOD or early tomorrow then sell sell sell into the weekend. Not sure what could stand in the way of this plan? I guess a GDP of 1.4% or better to beat estimates and prior. Who knows, maybe everybody is starting to just pull out the plastic and leverage up again...

[silicon_beaver]

Thanks, but SPX bounced early at 1155.94, and not at 1155. But I'm waiting for further downside. Buffet's buy did not boost the market and that's a bad sign.

According to his reaction during last recession Year 2008, he did a little early. In contrast, Cobra prefers to react a little late.

[seekingknowledge]

maintain the tinted area target, that's the mini target. I really leave now for lunch this time.

Damn, you're good! Went slightly over ... and scared the heck out of me while holding TZA.

[jarbo456]

Lookie here, RSI is will tell.

is that RSI indicating a mini double top?

[BullBear52x]

Bulls are determined, RSI is now above 50

[Cobra]

target reached, but i need see the next few bars, seems the rebound isn't over yet.