Back to www.cobrasmarketview.com

08/29/2011 Intraday Watering

Post Reply
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

08/29/2011 Intraday Watering

Post by Cobra »

Gap up above Friday's range so chances are the gap won't be filled, I'm not sure because now ES is testing the previous high, since anytime the retest happens, there's a chances for reversal so we need wait and see.
Attachments
1.png

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.
simpletrader
Posts: 176
Joined: Tue Feb 15, 2011 10:24 am

Re: 08/29/2011 Intraday Watering

Post by simpletrader »

overnight market is pretty strong, almost no dip at all. Don't know if it is good or bad sign. Wait for regular hour to open
User avatar
mac769
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

Re: 08/29/2011 Intraday Watering

Post by mac769 »

Good morning,

Looks pretty bullish so far

http://imageshack.us/photo/my-images/84/captureadh.png/
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/29/2011 Intraday Watering

Post by Cobra »

the open and I think there should be a pullback of some kind, don't think it'll shoot up from here.
Attachments
1.png

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
mac769
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

Re: 08/29/2011 Intraday Watering

Post by mac769 »

Many people were lucky, but some got caught on the wrong foot this morning..
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/29/2011 Intraday Watering

Post by Cobra »

again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.
Attachments
1.png

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
soku
Posts: 1893
Joined: Fri Mar 25, 2011 10:02 am

Re: 08/29/2011 Intraday Watering

Post by soku »

morning gang.
1200 overhead res. most of my indicators showing topped, except price (again). es need to revisit 1180 area to verify the b-o
The goal is not uniformity. It is understanding and idea exchange.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/29/2011 Intraday Watering

Post by BullBear52x »

Cobra wrote:again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.
GM, the message is DT selling here right? I still hold under water short etfs, so long <120ish bears still got a chance to get out with less pain will see the day is young.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
mac769
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

Re: 08/29/2011 Intraday Watering

Post by mac769 »

sometimes things can defy gravity :)

although only for a short time...
AK84
Posts: 574
Joined: Tue Feb 15, 2011 5:09 am

Re: 08/29/2011 Intraday Watering

Post by AK84 »

Morning all . C&H target met on PCLN from Friday.
Exited my call for a sweet 20% gain! Long PCLN again above 516.53
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/29/2011 Intraday Watering

Post by BullBear52x »

bears last stand, a penny away from screaming buy.
Attachments
spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 08/29/2011 Intraday Watering

Post by uempel »

Resistance at 1195. I'd love to see a crazy intraday pop up to 1212 (some kind of bull-trap) and to short that, but some guys are already selling at 1195. You Cobra? Or is it Mr. Bear himself, the 99er?
SPX2.png
rocstocktrader
Posts: 100
Joined: Fri Aug 26, 2011 3:36 pm

Re: 08/29/2011 Intraday Watering

Post by rocstocktrader »

Nasdaq gapped open and closed the gap down to 2,488 and created a gap up to 2,486. Maybe this one does not get closed since the range is so tight. rocstocktrader.webs.com
Last edited by rocstocktrader on Mon Aug 29, 2011 9:59 am, edited 1 time in total.
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 08/29/2011 Intraday Watering

Post by uempel »

BullBear52x wrote:bears last stand, a penny away from screaming buy.
Don't think 1212 can be cracked...
User avatar
mac769
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

Re: 08/29/2011 Intraday Watering

Post by mac769 »

Resistance taken out, but looks a bit toppish from here..

http://img687.imageshack.us/img687/2370/capturefus.png
User avatar
silicon_beaver
Posts: 524
Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR

Re: 08/29/2011 Intraday Watering

Post by silicon_beaver »

Exit with green. agree with Cobra, "surprised if the market could up huge here without taking a breath, that'd be like no gravity at all."
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/29/2011 Intraday Watering

Post by BullBear52x »

uempel wrote:
BullBear52x wrote:bears last stand, a penny away from screaming buy.
Don't think 1212 can be cracked...
DBV is strong, lot of cash since ECB intervention and now I heard BOJ is also involve in helping hand, China is not happy about this any more. currencies war is on. I hope you're right on 1212 resistance since I am on the sell side (shaky bear :shock: )
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Petsamo
Posts: 3339
Joined: Thu Jun 30, 2011 2:22 pm

Re: 08/29/2011 Intraday Watering

Post by Petsamo »

The Dallas Fed Mfg Survey seems underestimated at -0.6. Actual numbers come out at 10:30.
Twitter @jackwag0n
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 08/29/2011 Intraday Watering

Post by uempel »

A look at the 60 min:
SPX3.png
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/29/2011 Intraday Watering

Post by Cobra »

consolidation instead of a pullback is good, more likely to breakout eventually, let's see.
Attachments
1.png

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.
Post Reply