09/14/2011 Intraday Watering

jarbo456 · Post by **jarbo456** » Wed Sep 14, 2011 1:50 pm

Cobra wrote:another overshot, volume surge plus largest bar. let's see any pullback from here. I pretty much give up the hope of any meaningful pullback today.

seriously...i wouldn't be surprised to see that doji on the 5 minute BE the pullback. freak'n markets flying at 50 cent increments.

heavenskrow · Post by **heavenskrow** » Wed Sep 14, 2011 1:53 pm

lilitulip wrote:who is lying? Bond or stock market?

usually the stock market lies

rola · Post by **rola** » Wed Sep 14, 2011 1:54 pm

Cobra, what do you think about tomorrow, is it a little too much on no news (or because of that) Thanks

sola · Post by **sola** » Wed Sep 14, 2011 1:55 pm

heavenskrow wrote:
lilitulip wrote:who is lying? Bond or stock market?
usually the stock market lies

But the stock market can continue lying long after you are broke...

heavenskrow · Post by **heavenskrow** » Wed Sep 14, 2011 1:57 pm

sola wrote:
heavenskrow wrote:
lilitulip wrote:who is lying? Bond or stock market?
usually the stock market lies
But the stock market can continue lying long after you are broke...

thats why im in bonds

stockcycle · Post by **stockcycle** » Wed Sep 14, 2011 1:57 pm

Seems some pullback is the must. Only Cobra can tell us the target.

99er · Post by **99er** » Wed Sep 14, 2011 1:58 pm

ES
http://99ercharts.blogspot.com/2011/09/es_5673.html

"Ou est le papillon?"

agnosia · Post by **agnosia** » Wed Sep 14, 2011 1:58 pm

gotta say this is the toughest i've ever seen it trading crude. i think the pro's are definitely back this week

damn they are good. i am staying out, hope they go home soon

Al_Dente · Post by **Al_Dente** » Wed Sep 14, 2011 2:00 pm

"overshoot" i like that. Finally got me a piece of it for a change. Happy and out early BEFORE my stop, but only because I got a nosebleed, and once it starts down, very hard to get out alive

MajorEasy · Post by **MajorEasy** » Wed Sep 14, 2011 2:02 pm

lilitulip wrote:who is lying? Bond or stock market?

good question!
i think the bond guys are always smarter
this may only be a short squeeze, weak hands are covering

Post by **Cobra** » Wed Sep 14, 2011 2:02 pm

rola wrote:Cobra, what do you think about tomorrow, is it a little too much on no news (or because of that) Thanks

tomorrow should close in red according to the statistics I mentioned last night. Let's see how the market closes first.

jarbo456 · Post by **jarbo456** » Wed Sep 14, 2011 2:06 pm

pretty sure that candlestick looks like a bullish engulfing on the 5 minute. i'm trying to figure out if it's 3 oclock yet, but no, it looks like the shenanigans are starting a little early today.

cougar · Post by **cougar** » Wed Sep 14, 2011 2:09 pm

SI (Siemens) is a candidate for the “stock of the day”. Its reversal would be indeed significant for the DAX and Europe…
But I am still a skeptic…

agnosia · Post by **agnosia** » Wed Sep 14, 2011 2:10 pm

according to my channel we could see /es to 1187-88 spike. tough resistance there gonna try a counter-trend short there with tight stops.

KENA · Post by **KENA** » Wed Sep 14, 2011 2:15 pm

agnosia wrote:according to my channel we could see /es to 1187-88 spike. tough resistance there gonna try a counter-trend short there with tight stops.

I agree. There is a lot of res. from here up to 1200.

Post by **Cobra** » Wed Sep 14, 2011 2:19 pm

nothing to say, strong, so the first meaningful pullback if any should be a buy. I give up looking for pullback now.

AK84 · Post by **AK84** » Wed Sep 14, 2011 2:21 pm

Cobra

What is the line in the sand for bears and bulls alike? At what level shud we switch u think?

Also, today's push up is quite strong. Is the yes we can scenario coming into play? Germany n France have backed Greece n say it will stay in the EU. What do u make of this?

Thanks

davros · Post by **davros** » Wed Sep 14, 2011 2:23 pm

es is right at the down trendline from late July peak

gabor · Post by **gabor** » Wed Sep 14, 2011 2:23 pm

Cobra wrote:nothing to say, strong, so the first meaningful pullback if any should be a buy. I give up looking for pullback now.

Would you really buy here?

Post by **Cobra** » Wed Sep 14, 2011 2:24 pm

although I give up looking for pullback but the bigger picture still remains the same, the rebound (although pick up in strength today) still is the weakest, so still think eventually it'll fail. I didn't change a single line of the chart below, I mean the rebound was expected, just I didn't think today is this strong.

Cobra's Market View

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09/14/2011 Intraday Watering

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