10/20/2011 Intraday Watering

[rocstocktrader]

Stock market article: “Will Europe Ever Make Up Its Mind?”

http://stk.ly/qYFCaS

[bonzodon]

Hi Cobra,

Is this a small bear flag on 5 min

[BullBear52x]

To Al: from big beat to slow beat it must be time for beer soon.http://www.youtube.com/watch?v=R7f189Z0 ... ure=relmfu

[SB73]

Cobra do you favor bulls here?

[Dutchy]

Hi Cobra & all,

First post here, learning a lot, thank you all.

Just checked what recently happened with SPY after previous Euro summits:

23rd June - next day red - there after strong run up to top of July 7th
21st July - next day doji - there after steep decline to low of August 8th
16th August - next day red - therafter quick decline to low of 19th
17th September - next day red - thereafter steep decline to low of 22nd

So, except for summit in June, last summits resulted in pretty steep declines of 3 to 11 days

Have a nice weekend!

[tdo722]

usd made a new daily low. this is good for bulls right? My guess right now is bulls almost won. we'll see.

[Cobra]

good H2 long now I see Cup with Handle, now could be the handle is in the forming or you can say it's bull flag. chart doesn't look bearish so far.

[DRL]

anyone going long yet? i want to join.

Went Long XLF via FAS at 12.43 Tight stop as I don't have great feeling. Howver up 1% already

Wow, you are brave. saw that but i was chickened to come in and play with u. why didn't u say anything. i would have joined u.

Too busy entering orders to reply. As it was I got in $0.10 higher than I wanted. I eventually got out at break even as I don't feel good going long and holdin gover night. I swing trade, hours, days and sometime weeks. So looking for long term entries. I don't think long right now is long term.

I follow the MA on the 5 min chart which hopefully confirms on longer term charts. It says to be long now OR it says time to add shorts. We'llknow in a few hours time. Entries are right about 75% of the time. Right now we are in consolidation / topping pattern so whip saws.

[Unique]

I caught the exact bottom at 12:20

http://postimage.org/image/2mbyrmxfo/full/

Topping out here...zzzzzzzzzz

No fun...

Time to kill the bulls.

Bears got 120.7 in sight. But we're sitting tight on 1min 100sma 120.9. Usually 100sma Bounces on first try, then a retest comes

Bounced on 1min 100SMA SPY just like expected, let's see if we get that retest and break lower. Come on bears.

Second test failed. Bears have very slim chances now.. Need a triple top here.

[Cobra]

Hi Cobra & all,

First post here, learning a lot, thank you all.

Just checked what recently happened with SPY after previous Euro summits:

23rd June - next day red - there after strong run up to top of July 7th
21st July - next day doji - there after steep decline to low of August 8th
16th August - next day red - therafter quick decline to low of 19th
17th September - next day red - thereafter steep decline to low of 22nd

So, except for summit in June, last summits resulted in pretty steep declines of 3 to 11 days

Have a nice weekend!

Thanks,it's a good tip. Welcome aboard!

[Al_Dente]

To Al: from big beat to slow beat it must be time for beer soon.http://www.youtube.com/watch?v=R7f189Z0 ... ure=relmfu

LOVE LOVE willie, THANKS
Maybe beers 4 us, but CHAMPAGNE for King Cobra and Papa Cobra today

We can only go w CLEAR breakout/breakdown winner, I don’t care if it is bull or bear
U wuss

[waverider]

good H2 long now I see Cup with Handle, now could be the handle is in the forming or you can say it's bull flag. chart doesn't look bearish so far.

Have to agree with Cobra here, spy through the pivot. Good luck today guys.

[Al_Dente]

LISTEN UP SHARKS: The reason why Al can’t turn on a dime is because Al is, let’s spell it out:
T*R*E*N*D F*O*L*L*O … oh never mind, u sharks don’t understand that concept
5m update internals, still on SH because spy couldn’t make higher high, and because u want to decide 4 yourselves (ignore my green/red lines), anything can happen here, esp w Pres Ob speaking, all in hands of shorts right now (as usual)

Perhaps if you explain it a bit because looking at it doesn't tell me much bud.

MrMiyagi: sure, happy to answer questions

[Unique]

I caught the exact bottom at 12:20

http://postimage.org/image/2mbyrmxfo/full/

Topping out here...zzzzzzzzzz

No fun...

Time to kill the bulls.

Bears got 120.7 in sight. But we're sitting tight on 1min 100sma 120.9. Usually 100sma Bounces on first try, then a retest comes

Bounced on 1min 100SMA SPY just like expected, let's see if we get that retest and break lower. Come on bears.

Second test failed. Bears have very slim chances now.. Need a triple top here.

It's over. Bulls declared victory. Stay nimble people.

[TWJ]

H2 long on EMA20, let's see.

Really good call, but I missed it by 15 minutes

[SB73]

Cobra do you favor bulls here?

Well I guess that got answered

[GreedyKojiro]

It's over. Bulls declared victory. Stay nimble people.

Thank you! Thank you!

[BullBear52x]

I am stop out all the rest of my 20% shorts, no buy here want to give it time before decide what to do.

[Cobra]

breakout, 3 possible targets.

[Unique]

Thank you Cobra, very good call.