10/27/2011 Intraday Watering

[tdo722]

Oh man I'm sad. I had to short...Praying this is a July 7 / July 8 end of week repeat.

me too, shorted spy 300 shares at 1290. stop loss 1295.

[Tabby]

Tabby

Just like old times, eh?

http://www.youtube.com/watch?v=gp5JCrSXkJY

Dude,
I am not that much old; this is my type of music;
http://www.youtube.com/watch?v=jZhQOvvV ... ure=artist

[Cobra]

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?

first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

[EvilTrader]

Anyone sees any P-Bar today ??

Stockcharts daily candle (im not a subscriber) seems strange.

[ultramarine]

Oh man I'm sad. I had to short...Praying this is a July 7 / July 8 end of week repeat.

I feel ya bro. Probably a reversal tomorrow. No idea if it will be enough to lift your spirits.

Is this a blow off top that quickly falls apart or the continuation of some major rally?

[MrMiyagi]

Anyone sees any P-Bar today ??

Stockcharts daily candle (im not a subscriber) seems strange.

Yep, odd that that tail just appeared whereas it had a gap up all day.

Call it a glitch.

[Mr. BachNut]

The little toe I stuck in the water on the short side this morning has been bitten off. So the top may be near.

Now watching in neutral. May try another toe if we get SPY 130.

[hdenandy]

Capitulation in reverse ?

Smells like it to me.

[STC]

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?

first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?

[mac769]

Update

OrangeAF.png

looks like 1289 is the "one" to watch, 10 points from pre-Xmas, maybe a good time to sell short some out of the money calls now

[tdo722]

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?

first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?

quote and unquote Cobra "law of inertia"

[Cobra]

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?

first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?

You don't read my daily report do you?

[uempel]

Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...

Today my charts were traps. Hope nobody was mislead.

[BullBear52x]

Man, I am about to closing my shop today my rusty crystal ball tell me nothing but just hold on shorts or add every 1% move up from now. weird.

[tdo722]

negative divergence forming on 1min. warning, mayday mayday...

[Cobra]

this is an adjusted trend line. still I don't remember I ever see a day that didn't touch the EMA20 a little bit.

[Me XMan]

Ship taking on water?

EUR/USD rolling over...

negative divergence forming on 1min. warning, mayday mayday...

[janez]

Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...

Today my charts were traps. Hope nobody was mislead.

AF4.png

Your charts are nice. I think you draw your red fork prematurely.

[Cobra]

volume surge again, cannot believe the pullback is over. we do have a no touch at EMA20 at all day, looks like.

[STC]

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?

first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?

You don't read my daily report do you?

I did read your report, you said yesterday "Up huge tomorrow to make a decisive new high then most likely would fall back the day after tomorrow", that means tomorrow Friday market would pull back, so I was surprise when you said tomorrow is guaranteed higher high.