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09/08/2011 Intraday Watering

uempel
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Re: 09/08/2011 Intraday Watering

Post by uempel »

Check orange gridline. Tons of bearish bets now, and I guess (?) bulls will attack. But it's a wild guess and I'm betting on it.
SPX18.png
MajorEasy
Posts: 223
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Re: 09/08/2011 Intraday Watering

Post by MajorEasy »

AK84 wrote:Cobra,

Any thoughts on tomorrow ? just trying to position and anticipate ....more likely down due to the selling pressure today and hit resistance at 1205 to form right shoulder on 60 min?
Thanks.
my 2 cents,
down tomorrow,
entertainment only!!!
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down tomorrow.png
the market's goal is to distribute the wealth of many to as few hands as possible
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99er
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Re: 09/08/2011 Intraday Watering

Post by 99er »

RUT
Update.
http://99ercharts.blogspot.com/2011/09/rut_08.html

Down towards the neckline.
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 09/08/2011 Intraday Watering

Post by agnosia »

bears win this round. i am stopped out.. not risking any more capital today. good luck guys
Tabby
Posts: 924
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Re: 09/08/2011 Intraday Watering

Post by Tabby »

99er wrote:RUT
Update.
http://99ercharts.blogspot.com/2011/09/rut_08.html

Down towards the neckline.
99 EmeRgency,
Let's sing "Amazing Grace."
Everything will be Otay. :mrgreen:
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Cobra
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Re: 09/08/2011 Intraday Watering

Post by Cobra »

descending triangle breakdown, tinted area as text book target.
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Al_Dente
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Re: 09/08/2011 Intraday Watering

Post by Al_Dente »

Dear Cobra:
You called it yesterday. Whenever you say Chi Oscillator is too high on 60min, I wake up.
You da man.... again
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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99er
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Re: 09/08/2011 Intraday Watering

Post by 99er »

JustTrading
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Joined: Fri Feb 25, 2011 3:45 pm

Re: 09/08/2011 Intraday Watering

Post by JustTrading »

Cobra,

Given today's action, do you still think more up before restest of lows....at which price would you say the more up chance is eliminated....for example if s&p breaks down below...??? Thanks for your opinion.
janez
Posts: 192
Joined: Mon Jun 13, 2011 4:30 pm

Re: 09/08/2011 Intraday Watering

Post by janez »

With OB's speech tonight, will we open up tomorrow? I got in some shorts today, now wonder whether to keep till tomorrow. ALl longs stopped.
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KENA
Posts: 2996
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Re: 09/08/2011 Intraday Watering

Post by KENA »

99er wrote:Quote of the Day

"What a dunce."

http://globaleconomicanalysis.blogspot. ... -weak.html
Ya..and he is one of our leaders.
StrikePrice
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Joined: Wed Mar 30, 2011 1:27 pm

Re: 09/08/2011 Intraday Watering

Post by StrikePrice »

Cobra wrote:descending triangle breakdown, tinted area as text book target.
I liked the wedge better. Covered my short. I think "yes we can" is still in play...
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Cobra
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Re: 09/08/2011 Intraday Watering

Post by Cobra »

JustTrading wrote:Cobra,

Given today's action, do you still think more up before restest of lows....at which price would you say the more up chance is eliminated....for example if s&p breaks down below...??? Thanks for your opinion.
More up was fulfilled this morning (we had a higher high). so in order for me to say more up, I need more evidences. Now, purely from the chart pattern, it's not bearish, as it could be a Bull flag in the forming on the 60 min chart.
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JustTrading
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Re: 09/08/2011 Intraday Watering

Post by JustTrading »

Thanks for your explanation Cobra....you're the best!!
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Cobra
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Re: 09/08/2011 Intraday Watering

Post by Cobra »

strong close 3 days in a row? Or the 3rd time is different?
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uempel
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Re: 09/08/2011 Intraday Watering

Post by uempel »

Doesn't look that bearish and at the mom I'm still comfortable with my longs...
SPX20.png
AK84
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Re: 09/08/2011 Intraday Watering

Post by AK84 »

uempel wrote:Doesn't look that bearish and at the mom I'm still comfortable with my longs...
SPX20.png
Uempel,

Are you planning on holding on to your longs overnight ?
MajorEasy
Posts: 223
Joined: Wed Feb 16, 2011 9:53 pm

Re: 09/08/2011 Intraday Watering

Post by MajorEasy »

Al_Dente wrote:Dear Cobra:
You called it yesterday. Whenever you say Chi Oscillator is too high on 60min, I wake up.
You da man.... again
thanks to Cobra,
Chaikin Osc has become my fav indicator
(i use slightly faster settings with a trigger line)
http://stockcharts.com/school/doku.php? ... oscillator
the market's goal is to distribute the wealth of many to as few hands as possible
StrikePrice
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Re: 09/08/2011 Intraday Watering

Post by StrikePrice »

uempel wrote:Doesn't look that bearish and at the mom I'm still comfortable with my longs...
SPX20.png
Agree. On the 60min you could say it's a Bull Flag.
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Al_Dente
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Re: 09/08/2011 Intraday Watering

Post by Al_Dente »

Paging Champix:

Would you post your CL chart again, sil vous plait.
Thanks in advance.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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