10/12/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Wed Oct 12, 2011 2:10 pm

Apple wrote:
seekingknowledge wrote:
BullBear52x wrote:
heavenskrow wrote:Man I wonder how many bears are licking their wounds still.
Been holding TMV from last week's bear trap, and its paying off very nice.
I hate to rub it in, but damn I LOVE when good analysis works.
There were 11 bears shorting at average of 119ish yesterday alone. today couple shorting at 121ish.
the rest in hibernation.
Went short with TZA at 38.38. Holding breath.
I'm seeing more upside to the RUT. TNA probably has another day or so to go.

The one mistake I made I stop hedging the last two days. I am still holding on TZA and seeing no turn sign either. tonight I will buy TNA to hedge if IWM close above 200ma.

tdo722 · Post by **tdo722** » Wed Oct 12, 2011 2:11 pm

Klarisskin wrote:A one picture summary of last 5 days events:

hahahaa....

Post by **Cobra** » Wed Oct 12, 2011 2:12 pm

ramram wrote:Cobra - what would it mean technically if SPY moves below the 121.5?

depends if sharply or just slow move below.

PhilM · Post by **PhilM** » Wed Oct 12, 2011 2:12 pm

heavenskrow wrote:
PhilM wrote:
heavenskrow wrote:also have you seen the 2 year treasuries chart??? That shit is a massive short chart. I also dont want to be long equities because we still look very bearish on daily charts for SP500.... All I knew is that the bonds looked very toppy.
Do you think now is time to move out of TMV?
hey ur the one that has been long with me on TMV right?
I would say be patient for a daily buy signal on TLT or 30 year treasuries...with the stochastic momentum index...
We have to maximize our winners right??

Also on the 30 year treasuries chart, 136.18 area might be an area to take our profits....
PM me ur email, or write a comment on the blog so i can update u when i sell.

Yes I have been long on TMV and it is up an average of 22% for me in just a little over a week. So, yes I want to maximize gain, but I don't want to give too much back to the House either. I figure TMV plunges when everyone decides that the world is ending and they have to get out of stocks and into bonds.

My e-mail is: [email protected]. I enjoy your comments on this blog.

tdo722 · Post by **tdo722** » Wed Oct 12, 2011 2:14 pm

5 wave move up on 5min chart for today has it HOD at 1231.59. Who's with me?

Update: NVM, wave 3 is still going strong. Damn. I'm waiting for a pull back of wave 4 before jumping in for the closing at HOD again.

heavenskrow · Post by **heavenskrow** » Wed Oct 12, 2011 2:15 pm

PhilM wrote:
heavenskrow wrote:
PhilM wrote:
heavenskrow wrote:also have you seen the 2 year treasuries chart??? That shit is a massive short chart. I also dont want to be long equities because we still look very bearish on daily charts for SP500.... All I knew is that the bonds looked very toppy.
Do you think now is time to move out of TMV?
hey ur the one that has been long with me on TMV right?
I would say be patient for a daily buy signal on TLT or 30 year treasuries...with the stochastic momentum index...
We have to maximize our winners right??

Also on the 30 year treasuries chart, 136.18 area might be an area to take our profits....
PM me ur email, or write a comment on the blog so i can update u when i sell.
Yes I have been long on TMV and it is up an average of 22% for me in just a little over a week. So, yes I want to maximize gain, but I don't want to give too much back to the House either. I figure TMV plunges when everyone decides that the world is ending and they have to get out of stocks and into bonds.

My e-mail is: [email protected]. I enjoy your comments on this blog.

Nice I am up 27% currently on it. I of course am thinking just like you and know there will come a time to sell...
The other trader that joined me on my position sold his TMV 2 days ago when we got that 6% pop up...But he pussied out and took his profits.
I will email you when I sell, but also please do your own analysis.

Post by **Cobra** » Wed Oct 12, 2011 2:15 pm

another key time, cannot decisively breakout then it's 3 push up, the high might be in for today, so either consolidation here or if breakout now, it must be a strong breakout. let's see.

buyorsell · Post by **buyorsell** » Wed Oct 12, 2011 2:17 pm

BullBear52x wrote:
Apple wrote:
seekingknowledge wrote:
BullBear52x wrote:
heavenskrow wrote:Man I wonder how many bears are licking their wounds still.
Been holding TMV from last week's bear trap, and its paying off very nice.
I hate to rub it in, but damn I LOVE when good analysis works.
There were 11 bears shorting at average of 119ish yesterday alone. today couple shorting at 121ish.
the rest in hibernation.
Went short with TZA at 38.38. Holding breath.
I'm seeing more upside to the RUT. TNA probably has another day or so to go.
The one mistake I made I stop hedging the last two days. I am still holding on TZA and seeing no turn sign either. tonight I will buy TNA to hedge if IWM close above 200ma.

When I short IWM, I always buy some 2-3 month calls to hedge. I agree with seekingknowledge that RUT may have another 1-2 days to go. Good luck!

Post by **Cobra** » Wed Oct 12, 2011 2:18 pm

don't forget the resistance on the little bit big picture.

heavenskrow · Post by **heavenskrow** » Wed Oct 12, 2011 2:21 pm

Cobra wrote:don't forget the resistance on the little bit big picture.

ouch.

Post by **Cobra** » Wed Oct 12, 2011 2:21 pm

not good looking bars under resistance, but let's wait for a few bars.

agnosia · Post by **agnosia** » Wed Oct 12, 2011 2:21 pm

guys the secret to trading this market is lots of cocaine

!!! lol. but seriously a lot of these guys do drugs, trade accordingly.

i sold out 5 contracts at 1213.5 still holding 5 stop even 1210.

gabor · Post by **gabor** » Wed Oct 12, 2011 2:23 pm

Cobra wrote:not good looking bars under resistance, but let's wait for a few bars.

Does your intraday analysis work on currency charts?

frankthetank · Post by **frankthetank** » Wed Oct 12, 2011 2:25 pm

Cocaine would be dreamy compared to be run over by a bull. Im bullish but this move is not realistic. 300 points from last night. without any type of real retracement

PhilM · Post by **PhilM** » Wed Oct 12, 2011 2:26 pm

frankthetank wrote:Cocaine would be dreamy compared to be run over by a bull. Im bullish but this move is not realistic. 300 points from last night. without any type of real retracement

It's hard to make any promising trades when all the action is before the market opens.

Unique · Post by **Unique** » Wed Oct 12, 2011 2:27 pm

I declare victory on AAPL. Now SPY needs to crash to fuel my shorts

Al_Dente · Post by **Al_Dente** » Wed Oct 12, 2011 2:27 pm

What can I say
Nyadv again confirmed hi, just barely
remember, nosebleed sqeez zone on nyadv is >2800, we are still at 2589
Meaning perhaps, if ben says a single kind word, squeeze could get severe… could, maybe, if….. bla bla bla
Sorry, WHEN IS BEN ON ???
http://stockcharts.com/h-sc/ui?s=$NYADV ... =245857107

BullBear52x · Post by **BullBear52x** » Wed Oct 12, 2011 2:28 pm

frankthetank wrote:Cocaine would be dreamy compared to be run over by a bull. Im bullish but this move is not realistic. 300 points from last night. without any type of real retracement

I think too many bears use margin balance to go short, buy put, what not. this is good time for the brokerage house to clean these people out.

agnosia · Post by **agnosia** » Wed Oct 12, 2011 2:29 pm

frankthetank wrote:Cocaine would be dreamy compared to be run over by a bull. Im bullish but this move is not realistic. 300 points from last night. without any type of real retracement

when has that ever stopped this market? we gap and crap all the time. smart guys have been accumulating these past two months i guess and it looks like they want to take it higher. is it justifiable ? doesn't matter- this is just a game to most and right now it's to squeeze shorts until they capitulate IMO.

heavenskrow · Post by **heavenskrow** » Wed Oct 12, 2011 2:31 pm

Also don't get me wrong... I DID not expect such a huge move up....

Cobra's Market View

Back to www.cobrasmarketview.com

10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering