09/19/2011 Intraday Watering

Post by **Cobra** » Mon Sep 19, 2011 1:00 pm

also according to my statistics, today's low will be revisited as early as tomorrow. so the very short-term picture is, well, ideally for me, rebound a little to visit today's high then pullback to test the day's low either before the close today or tomorrow.

rola · Post by **rola** » Mon Sep 19, 2011 1:02 pm

Cobra, can you explain wyh are you so bullish today, I do not see such a mood in the market!

Thanks

Al_Dente · Post by **Al_Dente** » Mon Sep 19, 2011 1:07 pm

Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?

gabor · Post by **gabor** » Mon Sep 19, 2011 1:09 pm

I am trying to look at the market the simplest possible way:
1. The ES is below 200 DMA
2. The ES is below 50 DMA
3. The ES 50 DMA is below 200 DMA
4. The ES just touched the 50 DMA from below (this is not very uncommon in a downtrend)

Conclusion: we are most probably in a BEAR market. Trends do not change too frequently, so sell and wait, until a new president will be elected and the market will trust him that he would fix the economy.

jaaawf · Post by **jaaawf** » Mon Sep 19, 2011 1:10 pm

rola wrote:Cobra, can you explain wyh are you so bullish today, I do not see such a mood in the market!

Thanks

Don't think his comments were bullish (calling for a revisit of lows). Just think he is playing the patterns and price action that is presenting itself. JMHO.

BullBear52x · Post by **BullBear52x** » Mon Sep 19, 2011 1:11 pm

Al_Dente wrote:Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?

3x etfs

Post by **Cobra** » Mon Sep 19, 2011 1:12 pm

rola wrote:Cobra, can you explain wyh are you so bullish today, I do not see such a mood in the market!

Thanks

I'm not bullish. I just say statistics a failed morning breakdown should bring us a strong rebound, most likely a strong uptrend day. So far I don't see one, so I just hope the morning high to be revisited and don't forget I also said, statistically, the morning low will be revisited, just don't know if it's today or tomorrow.

Post by **Cobra** » Mon Sep 19, 2011 1:14 pm

Al_Dente wrote:Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?

http://direxionshares.com/etfs

heavenskrow · Post by **heavenskrow** » Mon Sep 19, 2011 1:16 pm

BullTart wrote:As painful as it was, I spent all of last week adding TVIX (long VIX) positions through the rise of the market.

This was done in the anticipation of the 10/80 weekly SMA crossover.

We now have a confirmed cross over on the ES.

I am fully deployed long TVIX as of last Friday.

Now that we have the cross over, I will get the popcorn and watch what Mr. Market will show us, as it has every of 10/80 weekly SMA crossovers in the past 15 years.

Going back to the SP500's inception, with this strategy you would be up 172.62 % on your initial investment, and 54.55% probability of winning trades.

BullBear52x · Post by **BullBear52x** » Mon Sep 19, 2011 1:22 pm

UNG lovers, here where I start buying, buyable bottom stops 9.52

agnosia · Post by **agnosia** » Mon Sep 19, 2011 1:23 pm

last push down in crude was weak, i covered my short at 85.. i still say crude will at a minimum test the lower end of the broken daily wedge patten near 86.5 before rolling over. crude never goes out without a fight

Post by **Cobra** » Mon Sep 19, 2011 1:25 pm

the next bar is the key, bulls need a follow through to launch a possible rebound as I see small double bottom formed here.

MajorEasy · Post by **MajorEasy** » Mon Sep 19, 2011 1:27 pm

heavenskrow wrote:
Going back to the SP500's inception, with this strategy you would be up 172.62 % on your initial investment, and 54.55% probability of winning trades.

Thx for sharing
i've played around with the 10 X 80 ma crosses....
and i feel it needs additional indicators to improve it's profitability

fehro · Post by **fehro** » Mon Sep 19, 2011 1:28 pm

very messy pattern.... so take it with a grain of salt

BullBear52x · Post by **BullBear52x** » Mon Sep 19, 2011 1:28 pm

bears are over the top still

heavenskrow · Post by **heavenskrow** » Mon Sep 19, 2011 1:29 pm

Guys if we break above the last 2 peaks on this hourly chart, get very very scared....... But until then dont fear!

http://finviz.com/futures_charts.ashx?t=ZB&p=h1

Al_Dente · Post by **Al_Dente** » Mon Sep 19, 2011 1:31 pm

Cobra wrote:
Al_Dente wrote:Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?
http://direxionshares.com/etfs

thank u king cobra and mister big bullbear52

rola · Post by **rola** » Mon Sep 19, 2011 1:33 pm

Cobra on wich site can I do my very good opinion about you

ocassional observer · Post by **ocassional observer** » Mon Sep 19, 2011 1:37 pm

CRM looks like a good short candidate (excluding a breakout) with a backtest of 50 day, 200 day and 50 week moving averages convergencefest.

MajorEasy · Post by **MajorEasy** » Mon Sep 19, 2011 1:39 pm

MajorEasy wrote:
heavenskrow wrote:
Going back to the SP500's inception, with this strategy you would be up 172.62 % on your initial investment, and 54.55% probability of winning trades.

Thx for sharing

i've got some trading software that automaticcally measures the angle of the cross of the 2 moving averages to improve win-rate.
narrow angles during a cross is not good,
this current angle is as good as it can get.
let's see if it makes money....

Cobra's Market View

Back to www.cobrasmarketview.com

09/19/2011 Intraday Watering

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