10/24/2011 Intraday Watering

[stockcycle]

Seems to me now that SPX wants to finish the 3 legged up (5min chart) of today rally. Considering at least to close all my longs!

[zhyuan04]

ChiOsc a little high now, may take awhile to function though, so nothing to worry for now.

Hi Cobra. Since market is keeping going up aggressively, I feel like we may not have the expected second leg up if this is just a bear market rally. It may just go back down to your intermediate target of 1000-1100 once the bull climax run is over.

[99er]

SPX
http://99ercharts.blogspot.com/2011/10/spx_345.html

That should do it.

[L_T]

I'm way into this but I don't have the "pay" version of stockcharts. Someone please do this and post the chart!

PAGING MICHELLE
hmmm… okay, erase correlation coefficient…. open up chart to WEEKLY, go back a few years.
Run the whole thing on “price performance” instead of simple price overlay, use SPY or $SPX as well as FCX, JJC, ECH, EPU, FXI, use all PERFORMANCE (u can alternate with EPU and IDX; can’t fit them all in) …..oh my my…..tell me what it says to u?
It is even quite revealing/helpful on shorter time frame intraday 15min, OMG fcx today!
Page me when done; there are more steps…

[BullBear52x]

Trend followers I know you guys are laughing at us trying to nail the top, well nothing go straight up or down is it?

Nope, no laughs today, just holding breath.
NYADV very strong 2429, sure needs a breather, but the shorts-covering just don’t care what we think
BTW: at yr leisure, why short SSO instead of long SPXU? Is it price?

Lower the risk on 2x. once the signals confirmed then I move to 3x, new fresh signal counter trend can be tricky got to give the right of way to the main trend. I hold nothing over the weekend looking for some pull back not a crash, well, once you are in shorts crash after ward is OK I guess

[barbaragull]

I am fully loaded short from 1243.50 ES to 1250 ES. Expect to be a very profitable swing.

Good luck to you.

I full loaded short at 1217.00 ES, and suffering. Normally, that means I will keep suffering for quite some time

[SB73]

ChiOsc a little high now, may take awhile to function though, so nothing to worry for now.

Hi Cobra. Since market is keeping going up aggressively, I feel like we may not have the expected second leg up if this is just a bear market rally. It may just go back down to your intermediate target of 1000-1100 once the bull climax run is over.

Exactly my thoughts especially sitting at the 62% retracement level already there are several points that this could already be counted as two waves up. One could argue that 1074.77 to 1171.4 was the first wave and 1150 to 1247 would be the second. Of course the reason Cobra is more successful than me is that he waits until the new pattern manifests itself.

[Al_Dente]

I'm way into this but I don't have the "pay" version of stockcharts. Someone please do this and post the chart!

PAGING MICHELLE
hmmm… okay, erase ......Page me when done; there are more steps…

Hi long term: we need 2 figure it out first, page me later today/tomorrow and I'll post decent chart

[cougar]

This RAMPO could be a second round of an artificially bullish phenomenon signaled last week by T.D. in “Zero Hedge”: European banks, desperate to recapitalize, are selling $ to buy euros. Thus, the US$ goes down, commodities up…and the US stock market follows the “rally”…This is not a secular bullish drive, but rather the byproduct of fear…
However, I am trying to trade it diligently, as if it were real…since charts don’t know it and they only punctuate market events…

[agnosia]

bought more /es ... now i am as long as i can be in my account. shorted crude a couple more times at 90.57 and 90.53 but covered with small shitty profit. time for some fireworks ..

guys don't go short, we have an outside reversal MONTH in play. spx is gunning for the 200sma at 1273, this is very typical of bear market rallies. be careful.

[jarbo456]

bought more /es ... now i am as long as i can be in my account. shorted crude a couple more times at 90.57 and 90.53 but covered with small shitty profit. time for some fireworks ..

guys don't go short, we have an outside reversal MONTH in play. spx is gunning for the 200sma at 1273, this is very typical of bear market rallies. be careful.

haha. i just announced that on friday. can we get a healthy pullback before we start the end of the year ramp? would be nice. -_-

[BullBear52x]

bought more /es ... now i am as long as i can be in my account. shorted crude a couple more times at 90.57 and 90.53 but covered with small shitty profit. time for some fireworks ..

guys don't go short, we have an outside reversal MONTH in play. spx is gunning for the 200sma at 1273, this is very typical of bear market rallies. be careful.

What is your time flame? intraday play?

[jarbo456]

bought more /es ... now i am as long as i can be in my account. shorted crude a couple more times at 90.57 and 90.53 but covered with small shitty profit. time for some fireworks ..

guys don't go short, we have an outside reversal MONTH in play. spx is gunning for the 200sma at 1273, this is very typical of bear market rallies. be careful.

What is your time flame? intraday play?

"positive outside month" for october indicates a mulit-month rally is in play.

[Al_Dente]

Trend followers I know ...?

Nope, no laughs today, just holding breath....

Lower the risk on 2x. once the signals confirmed then I move to 3x, new fresh signal counter trend can be tricky got to give the right of way to the main trend. I hold nothing over the weekend looking for some pull back not a crash, well, once you are in shorts crash after ward is OK I guess

A little music wouldn’t hurt, just to break the tension here, when u start breathing agin, it’ yr turn 4 music

[grachu]

is today consider a " strong day" . As that the 3 push up gets invalidated?

[Mr. BachNut]

It's just a feeling, but I think Cobra's CPCE 3 Point Validated Trend Line Chart may come in handy in the days ahead. I am going to watch it a little more closely.

[BullBear52x]

Trend followers I know ...?

Nope, no laughs today, just holding breath....

Lower the risk on 2x. once the signals confirmed then I move to 3x, new fresh signal counter trend can be tricky got to give the right of way to the main trend. I hold nothing over the weekend looking for some pull back not a crash, well, once you are in shorts crash after ward is OK I guess

A little music wouldn’t hurt, just to break the tension here, when u start breathing agin, it’ yr turn 4 music

No mood for music today don't bother me heheheh here you go http://www.youtube.com/watch?v=cupzvOiG ... deos_music

[agnosia]

haha. i just announced that on friday. can we get a healthy pullback before we start the end of the year ramp? would be nice. -_-

they keep price tight to annoy bulls wanting to get in and bears wanting a nice pullback to cover. they're gonna squeeze this tape to the 200sma IMO.

[standard_and_poor]

morning guys, i'm starting to close out long term commodity etf shorts.

[agnosia]

bought more /es ... now i am as long as i can be in my account. shorted crude a couple more times at 90.57 and 90.53 but covered with small shitty profit. time for some fireworks ..

guys don't go short, we have an outside reversal MONTH in play. spx is gunning for the 200sma at 1273, this is very typical of bear market rallies. be careful.

What is your time flame? intraday play?

yes i am holding /es for gap fill and sell at the market close every night during these past few months because of all the overnight noise.