10/14/2011 Intraday Watering

[pablorynx]

Weird

The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

haha

They are if they can both make money.

[jarbo456]

PAGING JARBO
This view internals may be better 4 u. While we go blind eyeballing the 1min, a wider view (15 min) paints the picture.
See $VIX calling it perfectly, the dollar weaving around SPY like a symphony
u hold so much overnights, and so much non-equity, maybe u don’t need every single minute view. This 4 u???
http://stockcharts.com/h-sc/ui?s=$VIX&p ... =246076573
can’t believe u chat bout my kindergarden charts, yr eur/usd made me call optomotrist
PS: u like/hate turn on 1m? just bouncing up 2 VWAP and then……..ruh ro …….

i like. i like the 1 minute as well, just looking for some weakness in this bull run, and i think i see it in this chart. there's definitely a neg div in the nyad especially in the past three days. it looks like vix needs to recapture some MA's to give the bears some support though.

[chickencoop]

Weird

The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

haha

oddly that guy is me.

I heard that sometimes a person would sell shares to himself, so called left hand to right hand. That's even weirder.

[Cobra]

Hey Cobra,

At times like this where the S&P is moving sideways, do you watch Level II quotes to try and spot an edge for bulls or bears?

Trying my best to learn from the master.

I don't have level II.

For intraday, all I need are just this 5 min chart.

[Unique]

ANYONE SEE P-BAR ON AAPL TO 410 ON 5 MIN CHART ?

this stock is INSANE! look at the damn run up . jeeezuss! and super gappy on the daily. is to going to Mars to be with Cobra ???

408.43 10:47 pbar

AAPL earnings next tuesday. Monday, should announce iphone 4s weekend sales.

You seem a bit excited.

AAPL on fridays after 11 usually go flat for an hour or two usually because of options expiration manipulation. Then it starts to swing violent after lunch.

[heavenskrow]

The next 20mins-hour is what matters.

[BullBear52x]

Hey Cobra,

At times like this where the S&P is moving sideways, do you watch Level II quotes to try and spot an edge for bulls or bears?

Trying my best to learn from the master.

I don't have level II.

For intraday, all I need are just this 5 min chart.

who need Level II, chart pattern what pays.

[jarbo456]

quick chart of /dx.

need to recapture the fib level at 77.11, and then we might have some kind of "turn". we're already above the fan, and the next target would be 77.89/78.05.

RSI is still very low, and we don't have enough divergence yet to call a bottom.

a bit in no mans land, and not looking great quite yet.

[stockcycle]

My reading is SPY has escaped from pullback (It's 1:01:00 PM) and is in consolidation for the upside. Hope I'm not too bullish biased.

[Cobra]

i think bears lost the battle. now let's see if the text book target could be met.

[newbie_77]

hi cobra
is the breakout on the upside confirmed? target 122 in SPY

hold your breath, if bulls failed here, then it's bears turn, until the battle resolved, we'll have to wait.

[newbie_77]

nvrmind.. thanks cobra you answered it already

hi cobra
is the breakout on the upside confirmed? target 122 in SPY

hold your breath, if bulls failed here, then it's bears turn, until the battle resolved, we'll have to wait.

[Al_Dente]

PAGING JARBO
This view internals may be better 4 u. While we go blind eyeballing the 1min, a wider view (15 min) paints the picture.
See $VIX calling it perfectly, the dollar weaving around SPY like a symphony
u hold so much overnights, and so much non-equity, maybe u don’t need every single minute view. This 4 u???
http://stockcharts.com/h-sc/ui?s=$VIX&p ... =246076573
can’t believe u chat bout my kindergarden charts, yr eur/usd made me call optomotrist
PS: u like/hate turn on 1m? just bouncing up 2 VWAP and then……..ruh ro …….

i like. i like the 1 minute as well, just looking for some weakness in this bull run, and i think i see it in this chart. there's definitely a neg div in the nyad especially in the past three days. it looks like vix needs to recapture some MA's to give the bears some support though.

Weakness ?????
BINGO
How much more weakness, neg d, non-confirm, overbought can we stand
mmmm…. I do recall what, maybe 12++ straight days covering-rally on HUGE persistent overbought signals off the ’09 low
but this is not ’09…. no….everything different now….yes

[agnosia]

I HOPE WE CAN. go bulls. looking to sell at cobra's target around /es 1213-14

[Michelle]

This could be a cup and handle.

[Petsamo]

Looks like da bears took the rest of the day off.

[Al_Dente]

typical low volume friday... I think a lot of people are hesitant because we're currently stuck under resistance, remains to be seen if we'll breakout. Here's a bigger look at the 10 day UUP down channel:

http://stockcharts.com/h-sc/ui?s=UUP&p= ... =246123971

nice, er, not so nice

[stucap]

I HOPE WE CAN. go bulls. looking to sell at cobra's target around /es 1213-14

good trade -- too bad i missed it by showing up late and missing cobra's earlier posts about the wedge (_8(I) D'oh!

[KENA]

Weird

The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

It's the JBTFD mentality.

[Dow Trader]

Reminder : the art of trading is not the entry, it is the exit