10/18/2011 Intraday Watering

[HappyFriday]

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...

I guess you can buy a little bit puts for fun.

[GreedyKojiro]

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.

tdo772 is bearish Cobra also said: Could see more pullbacks ahead. However, there’re some chances the market sell off in the morning but rebound to close in green eventually.
Yes, i am bullish (a bulliver) for now...

[Unique]

121.5->122.. Next up baby...

Taking forever...zzzzzz

Almost 200% from friday.

[tdo722]

Hmm, is that the 1st bullish signal? .05 to .08 pennies increase. Still undecided.

[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.

tdo772 is bearish Cobra also said: Could see more pullbacks ahead. However, there’re some chances the market sell off in the morning but rebound to close in green eventually.
Yes, i am bullish (a bulliver) for now...

Yep, bearish but waiting.

[waverider]

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.

More importantly, they've beat earnings 100% of the time.

[agnosia]

I guess you can buy a little bit puts for fun.

go for it but if you like to make money for fun, by some calls lol.

[tdo722]

Hmm, is that the 1st bullish signal? .05 to .08 pennies increase. Still undecided.

Damn, bears disappoint me. Last chance at 122 before I dump this 10% small short position opened at 121.50.

[Cobra]

ascending triangle breakout, tinted area as text book target.

[silicon_beaver]

my evil plan, today is green. tomorrow Apple runs green too.
Then firework. this rally ends.
short into rally. so best time should be AAPL rally after ER.

[stucap]

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

would love a little more analysis other than sell-side analytics......got any?

[stucap]

my evil plan, today is green. tomorrow Apple runs green too.
Then firework. this rally ends.
short into rally. so best time should be AAPL rally after ER.

but---we're getting into dangerous territory? if we close here an AAPL rally will easily drive the market up another 1-2% above the 1220-1230 resistance. What stops it above there other than sheer will of the bears?

[agnosia]

triangle consolidation on /cl. lets see if we get some fireworks before the 2:30 close. i am still very long @ 88.. long /es avg 1197. the bulls are lulling the bears into a deep sleep, to make them feel comfortable before the nightmare begins. ahahaha... lol.

in all seriousness , my stops are /es 1204 /cl 87.80

[coralla]

Seems another wedge is forming

[Unique]

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.....

Which dumb nut shorted AAPL? Lol..No one here.

[rocstocktrader]

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[stockcycle]

A series of breakout patents seen on SPX. The 3-rd time test of 1215.15 has been a charm. Hope it will be enough for the King judge "...The law of inertia ..."

[rhight]

The rotation yesterday and today has been into defensive sectors. Utilities, health care, consumer staples. That spells top to me.

[SB73]

Cobra don't you have some statistic for accumulation after distribution? Does this qualify today? Bulls are pretty strong...hellbent on raming it higher.

[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.....

Which dumb nut shorted AAPL? Lol..No one here.

well i mean short the market.. aapl is a huge big part of the /nq so if it pops a few %, the market will follow it higher, even if only to take out stops of shorts.