10/18/2011 Intraday Watering

[Cobra]

Hi Cobra,

My first post.

Today feels like a pump and dump, sharply up then slowly sell off. It seems like MM knows if drop today nobody will buy, so bring the market up instead.

Also to what extend can we view this as a bear flag to yesterday's drop? As you said it is unlikely that the sell off was one legged.

Thanks!

First of all, welcome aboard.

Secondly, this no longer looks like a Bear Flag because the rebound is way too sharp.

Thanks! So if this one fails it's 3-push up? Whereas a less strong one fails it's a bear flag ? Appreciate the feedback

the question is not clear.

3 push I mean intraday.

bear flag I mean 60 min chart.

intrday now critical, because if retest the high fail would confirm 3 push up therefore 2 leg down thereafter.

60 min chart no longer bear flag.

you must clear about the time frame I'm talking about.

[noob]

Hi Cobra,

My first post.

Today feels like a pump and dump, sharply up then slowly sell off. It seems like MM knows if drop today nobody will buy, so bring the market up instead.

Also to what extend can we view this as a bear flag to yesterday's drop? As you said it is unlikely that the sell off was one legged.

Thanks!

First of all, welcome aboard.

Secondly, this no longer looks like a Bear Flag because the rebound is way too sharp.

Thanks! So if this one fails it's 3-push up? Whereas a less strong one fails it's a bear flag ? Appreciate the feedback

the question is not clear.

3 push I mean intraday.

bear flag I mean 60 min chart.

intrday now critical, because if retest the high fail would confirm 3 push up therefore 2 leg down thereafter.

60 min chart no longer bear flag.

you must clear about the time frame I'm talking about.

Great! Thanks.

[agnosia]

looking good so far. both crude and /es are following the 10ema on the 15min chart... breakout time!

[Cobra]

OK, here comes the test, not looking bad so far.

[stockcycle]

Long SQNM @5.05 "dust cheap"! By the way, my call for XCO is not bad.

[tdo722]

My finger is on 4000 shares SDS.

Just waiting for the signal to hit submit or not.

[pidge66]

SEE HERE: http://www.cobrasmarketview.com/?page_id=2128

THIS PATTERN PLAYS ESSENTIAL ROLE IN MY REVERSAL ANALYSIS!

Cobra, sorry to have aggregated you. Yes you mentioned 3-pushes a lot. It's just that today you mentioned about 2-push pullback (then reversal) so I was temporarily confused if 3-pushes mean reversal as well.

[BullBear52x]

retest and Neg D. well so much of Bulls and Bears views in any corner, I am Neutral at this price range.

[MrMiyagi]

My finger is on 4000 shares SDS.

Just waiting for the signal to hit submit or not.

What is your signal?

[Cobra]

SEE HERE: http://www.cobrasmarketview.com/?page_id=2128

THIS PATTERN PLAYS ESSENTIAL ROLE IN MY REVERSAL ANALYSIS!

Cobra, sorry to have aggregated you. Yes you mentioned 3-pushes a lot. It's just that today you mentioned about 2-push pullback (then reversal) so I was temporarily confused if 3-pushes mean reversal as well.

it's ok. I just use that face to make sure the 3 push is important.

[tdo722]

My finger is on 4000 shares SDS.

Just waiting for the signal to hit submit or not.

What is your signal?

50% at 121 spy, and the other 50% at 120.27

[STC]

Cobra, do you think the correction that started yesterday is over or there may be more downside this week?

[tdo722]

Cobra, do you think the correction that started yesterday is over or there may be more downside this week?

come on guys, please read cobra's blog end of day report. he clearly said more than likely more down to come.

[pady]

Sad that one stock AAPL can influence an index so much.

[silkway]

Does this look like a decisive breakout??

[ultramarine]

My finger is on 4000 shares SDS.

Just waiting for the signal to hit submit or not.

What is your signal?

50% at 121 spy, and the other 50% at 120.27

Thanks. A good plan I think. I was also watching for the cross on the 10/20 ema on the 5 min chart.

[agnosia]

Sad that one stock AAPL can influence an index so much.

i would not want to be short into the close.. aapl has opened higher 11 out of 12 times after earnings. guys this is a trap.....

[agnosia]

Does this look like a decisive breakout??

well to set a proper bear trap you don't make it look like a decisive breakout right away never short a dull market they say...

[janez]

Most times when Bernanke speaks the market goes down right after. This time, since he didn't say anything really, it is going up. Not a huge pop more like a slow swell.
Still have a leg up to come from AAPL if that report is good.

AAPL report will likely be good. Their pre-sale of Iphone5 is enormous.

[Cobra]

ascending triangle, not looking bad.