09/14/2011 Intraday Watering

[qtipped]

this kind of consolidation means another push up is more likely.

I think the last 30 min could get ugly for the bears

you need to have nerve like steel to stay short there...

i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.

[Cobra]

firstly, wow.

secondly, still think this is an exhaustion.

thirdly, I should really follow what I swore: give up calling for pullback.

[Alpha_M]

Cobra,

Great work as always! Based on last night's report you estimated a topside of 1200 on this current rally? (evidenced by a dotted blue arrow) - Does that still hold true? I hope we are not going to the galaxy???

Your response would be apprecaited.

just posted, no change in forecast, everything goes as planned.

Thanks for the lightening response!!!

[rola]

The fact is that this news today with Greece is pure manipulation, of course they will say that Greece will stay in Eurozone, what else could they say. The fact is that Greece is allready bankrupt, Europe gave them 150 billions and it is not enough, the fact that sooner or later something will have to be solved, and the market will not accept that very nice

so how does that explain the market going up madly!!

Ask Cobra

[tonghu]

neither today nor tomorrow is good for shorting!!!

[qtipped]

The fact is that this news today with Greece is pure manipulation, of course they will say that Greece will stay in Eurozone, what else could they say. The fact is that Greece is allready bankrupt, Europe gave them 150 billions and it is not enough, the fact that sooner or later something will have to be solved, and the market will not accept that very nice

so how does that explain the market going up madly!!

Ask Cobra

i deserve it for not stopping out...

i see it clearly now..the last few days manipulation, rumors are geared toward moving the market up...they manipulate down so they can buy...and up to squeeze out the shorts...the master plan is working as planned for them. i'll bet if i cover or go long, they will have another plan to screw me.

[qtipped]

neither today nor tomorrow is good for shorting!!!

would you cover?

[tapesense]

SPX 1200 reached. Objective remains SPY 129s on long time horizon. With theta decay I'll break even

[newbie_77]

40 points up today .... wow !!!!

[terranmn]

Hi Cobra,

What's the upper indicator in this 15min chart?

ok, should be an exhaustion bar here. I didn't say anything about p u l l b a c k so doesn't count as breaking my promise.

[Cobra]

Hi Cobra,

What's the upper indicator in this 15min chart?

ok, should be an exhaustion bar here. I didn't say anything about p u l l b a c k so doesn't count as breaking my promise.

%B

[greenback]

breakout indeed. should be more on the upside, there's no limit...

There must have a limit.
Cobra should say the sky is the limit.

Sky is the limit then there's still a limit.

Cobra, Does this change your outlook on the big picture? Just a little bit ago a read that this push up is weak and you still think the 8/9 low will be revisited, now the market is going up with no limit? very confusing

no change, still pretty much what I planed. even eventually C = B, it already takes longer than B times, so still weak.

Cobra, shouldn't we put the beginning of the up leg at b'? If so, we haven't run out of time in the up swing.

[tonghu]

neither today nor tomorrow is good for shorting!!!

would you cover?

i only have small amount of Oct bear spread, and i will add more later

[agnosia]

ok i sold half my position at 1195... wow, wish i would have admitted i was wrong earlier, could have caught more of this move. one of the traders biggest enemy - his EGO !

[rupert]

Wouldn't be surprised to see them tank it down to 1192 to flush out the longs and trap in new shorts...Then in the last 10-15 minutes park it at the session high.

[bushwaffle]

this kind of consolidation means another push up is more likely.

I think the last 30 min could get ugly for the bears

you need to have nerve like steel to stay short there...

i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.

We're in the same boat, except my daddy always taught me "Son, if you're gonna be stupid, you gotta be tough!"

[Cobra]

a little pullback at resistance. I think better we have a consolidation here.

[qtipped]

this kind of consolidation means another push up is more likely.

I think the last 30 min could get ugly for the bears

you need to have nerve like steel to stay short there...

i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.

We're in the same boat, except my daddy always taught me "Son, if you're gonna be stupid, you gotta be tough!"

thanks for the inspirational quote....i will try to be stupid SOB and hold for more bushwacking tomorrow....

[Cobra]

Cobra, shouldn't we put the beginning of the up leg at b'? If so, we haven't run out of time in the up swing.

yes, bulls still have one day.

[HappyFriday]

a little pullback at resistance. I think better we have a consolidation here.

Cobra is right.
We have not seen the high for today yet JMO.
More bloody path for BEARs in last 10 mins.