09/30/2011 Intraday Watering

pady · Post by **pady** » Fri Sep 30, 2011 3:33 pm

I have some bad memories of 1140 from 2010. Saw it bounce thrice and then the ride all the way to 1370 started. We are here again. 5 times now.

cguirguis · Post by **cguirguis** » Fri Sep 30, 2011 3:33 pm

rhight wrote:
Cobra wrote:again, i'm right, the 3rd time is the charm, at least this time such a buy program has no follow through.
Good observation. Of course, you don't really have to say that you're right, we all know that you are.

The 3 day down trend is holding so far.

By "I'm right", does Cobra mean that the 1140 line would or wouldn't hold?

Post by **Cobra** » Fri Sep 30, 2011 3:35 pm

one reminder though, the selling this round is much much weaker, all bars are overlap, so it's time for bears to be careful. Don't underestimate the power of bull side.

BullTart · Post by **BullTart** » Fri Sep 30, 2011 3:35 pm

Breakdown now imminent.

This is where it starts to get interesting people. Let's what been hiding behind the curtain all this time!

SB73 · Post by **SB73** » Fri Sep 30, 2011 3:36 pm

Cobra,

Can you comment on the tradeable bottom setup

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 3:36 pm

squeeze em henry
just don’t smell it yet
note BAC elevator squeeze yester, not today (I live for a squeeze)
all other top squeeze contenders quiet bears now
if they gonna try it, they gotta do it now, when everybody leaving for wknd

rhight · Post by **rhight** » Fri Sep 30, 2011 3:37 pm

rpccharts wrote:Jaywiz....
WAVE 3/3/3 begin NOW

A secondary top seems to have occurred on Spt 27th, in what appears to have been a wave ii of 3 of (1),
and is NOW about to head into the HEART of the worst part of this years decline in stock prices.

Starting from the 5/2/11 top, couldn't this be wave 3/3/5?

Post by **Cobra** » Fri Sep 30, 2011 3:38 pm

here comes the breakdown. hopefully it's real as bears have been teased in the past couple of days even 2 years... tinted area as text book target. I think Phantom bar target is more likely.

Post by **Cobra** » Fri Sep 30, 2011 3:40 pm

cguirguis wrote:
rhight wrote:
Cobra wrote:again, i'm right, the 3rd time is the charm, at least this time such a buy program has no follow through.
Good observation. Of course, you don't really have to say that you're right, we all know that you are.

The 3 day down trend is holding so far.

By "I'm right", does Cobra mean that the 1140 line would or wouldn't hold?

Post by **Cobra** » Fri Sep 30, 2011 3:40 pm

SB73 wrote:Cobra,

Can you comment on the tradeable bottom setup

not see yet.

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 3:41 pm

cougar,
I think it's getting clear now right? I am sure you got something good for us this weekend.

99er · Post by **99er** » Fri Sep 30, 2011 3:41 pm

SPX
Selling into the close.
http://99ercharts.blogspot.com/2011/09/spx_7847.html

TGIF.

Post by **Cobra** » Fri Sep 30, 2011 3:42 pm

volume surge, no decisive breakdown, too bad, now bulls turn. hopefully bears could hold here...

shumushu · Post by **shumushu** » Fri Sep 30, 2011 3:42 pm

Yes we can!

pady · Post by **pady** » Fri Sep 30, 2011 3:43 pm

114.3 is possible if just normal 61.8 retrace.

CognitiveDissonance · Post by **CognitiveDissonance** » Fri Sep 30, 2011 3:43 pm

Cobra wrote:volume surge, no decisive breakdown, too bad, now bulls turn. hopefully bears could hold here...

Argh - so who wants to buy and hold this weekend?

cguirguis · Post by **cguirguis** » Fri Sep 30, 2011 3:44 pm

Cobra wrote:
cguirguis wrote:
rhight wrote:
Cobra wrote:again, i'm right, the 3rd time is the charm, at least this time such a buy program has no follow through.
Good observation. Of course, you don't really have to say that you're right, we all know that you are.

The 3 day down trend is holding so far.

By "I'm right", does Cobra mean that the 1140 line would or wouldn't hold?

Thanks!

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 3:44 pm

can't get any cleaner than this

Post by **Cobra** » Fri Sep 30, 2011 3:44 pm

good bull bar. now let's see if bull can follow up this. bears should pray now.

jaijailyc · Post by **jaijailyc** » Fri Sep 30, 2011 3:46 pm

Agree with Cobra, I am bearish but bears should becareful. (thought i submitted this like 20 minutes ago already)

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09/30/2011 Intraday Watering

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