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09/01/2011 Intraday Watering

Re: 09/01/2011 Intraday Watering

Postby Tabby » Thu Sep 01, 2011 2:03 pm


Your Cyber Honey eating too much butterflies for lunch. :mrgreen:
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Re: 09/01/2011 Intraday Watering

Postby Cobra » Thu Sep 01, 2011 2:04 pm

double top text book target.

see that phantom bar, we already knew the target. :mrgreen:
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Re: 09/01/2011 Intraday Watering

Postby Cobra » Thu Sep 01, 2011 2:06 pm

measured move target met, but should be more, the very 1st rebound from here should fail.
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Re: 09/01/2011 Intraday Watering

Postby BullTart » Thu Sep 01, 2011 2:07 pm

runningoutofroom.png
Some of things of note:

1. SMA cross-overs after compression on the 5 min SPX

2. TVIX triangle breakout

3. Double top this morning and failure to clear yesterday's high

Wouldn't buy this dip folks. If you are itching to buy a dip, be more patient and wait a little more.

Here's a chart to mull over.
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Re: 09/01/2011 Intraday Watering

Postby seekingknowledge » Thu Sep 01, 2011 2:09 pm

Cobra wrote:measured move target met, but should be more, the very 1st rebound from here should fail.


Cobra, Would you hold a short position (TZA, for example) overnight? .... or is it too early to tell? Thanks!
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Re: 09/01/2011 Intraday Watering

Postby Tabby » Thu Sep 01, 2011 2:11 pm

As soon as market drops, 470 people logged Cobra's site. It was almost 300 before. Cobra, you are the best.
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Re: 09/01/2011 Intraday Watering

Postby StrikePrice » Thu Sep 01, 2011 2:11 pm

StrikePrice wrote:Update of Triangle posted earlier. C Wave I assume?


Looks like my Triangle call was wrong and now I think we're in a 3-3-5 Flat. We should get a rebound up for Wave 4 of the Flat and then another leg lower for Wave 5.

So I'm guessing we close near LOD ~ 121.30 area.
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Re: 09/01/2011 Intraday Watering

Postby AK84 » Thu Sep 01, 2011 2:13 pm

Tabby wrote:As soon as market drops, 470 people logged Cobra's site. It was almost 300 before. Cobra, you are the best.


+1

Cobra is the BEST!!!! :D
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Re: 09/01/2011 Intraday Watering

Postby silkway » Thu Sep 01, 2011 2:14 pm

AK84 wrote:
Tabby wrote:As soon as market drops, 470 people logged Cobra's site. It was almost 300 before. Cobra, you are the best.


+1

Cobra is the BEST!!!! :D

+2
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Re: 09/01/2011 Intraday Watering

Postby BullTart » Thu Sep 01, 2011 2:15 pm

Good info around here... happy to add my thoughts.
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Re: 09/01/2011 Intraday Watering

Postby Ninja Trader » Thu Sep 01, 2011 2:15 pm

+3 on Cobra
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Re: 09/01/2011 Intraday Watering

Postby quientuves » Thu Sep 01, 2011 2:16 pm

+4
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Re: 09/01/2011 Intraday Watering

Postby varaamo » Thu Sep 01, 2011 2:16 pm

+4 on Cobra
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Re: 09/01/2011 Intraday Watering

Postby varaamo » Thu Sep 01, 2011 2:17 pm

+5, then :-)
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Re: 09/01/2011 Intraday Watering

Postby auger » Thu Sep 01, 2011 2:24 pm

Cobra wrote:measured move target met, but should be more, the very 1st rebound from here should fail.


Good stuff, thanks Cobra
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Re: 09/01/2011 Intraday Watering

Postby mac769 » Thu Sep 01, 2011 2:25 pm

Cobra wrote:could be double top breakdown. There're 2 potential targets. I'm not sure, still doesn't look the market wants to drop hard.


YES and NO, it is Double Bottom Breakdown:

http://img220.imageshack.us/img220/5438/captureqrx.png

so fasten your seatbelts please
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Re: 09/01/2011 Intraday Watering

Postby cougar » Thu Sep 01, 2011 2:26 pm

GS: clear enough?
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Re: 09/01/2011 Intraday Watering

Postby BullTart » Thu Sep 01, 2011 2:29 pm

If you are itching to play the JBTFD game, wait a bit and look for...
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Re: 09/01/2011 Intraday Watering

Postby silicon_beaver » Thu Sep 01, 2011 2:37 pm

My TZA exit at 42.9.
Huh!
:D
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Re: 09/01/2011 Intraday Watering

Postby silicon_beaver » Thu Sep 01, 2011 2:40 pm

AK84 wrote:Cobra is the BEST!!!! :D


In either trade or service.
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