12/01/2011 Intraday Watering

[Petsamo]

What would that be? SPX 1238?

I'll bet we test overnight lows before the next move.

I have it around 1237 to 1238 so lets just say 1240...then close near flat. I should however preface every comment going forward with a "barring massive intervention"

Closing out this mornings short.

nice job!

[KENA]

This may be a turning point ..Lets see.

[cougar]

my double cloud chart

Soku: very nice!

[jarbo456]

oil is getting a pretty good pounding. not quite ready to go long again, but am watching it.

[alvian33]

agnosia, are you around? any thoughts on /cl?

[tdo722]

Oh yeah...$124.90 was right on cue.
Get yer cold out and watch that $126.

I guess this is the dip we're suppose to buy

JBTFB

Dude, if Rich Arab said buy the dip, you do as he said.

[tdo722]

oil is getting a pretty good pounding. not quite ready to go long again, but am watching it.

After yesterday Fed/ECB actions, I can't wait to see how the middle class can handle $4.5 a gallon sometimes in the future soon.

[BenAndLloyd]

Soku,
Nice chart. Do you mind sharing the settings? TIA

[lqiantobe]

It looks no good for bull, CORBA, can you pls give comments?

[Me XMan]

Give me tripple bottom and I'll get long again.
Damn f@cker hit my stop-loss.

[chodaboy19]

It looks no good for bull, CORBA, can you pls give comments?

He said it will re-test 125.5 area again.

[Xian]

Has anyone worked out any hypotheticals or scenarios regarding tomorrow"s NFP?

For example, expectations seem to be rising. If the number disappoints or we have a
"sell the news" reaction, would that follow Cobra's pattern of open red, close green? Would it be a "pivot day"? Conversely, if the number is a blow out (not my hunch), do we open green, touch or get near the 200 on the S&P and close red— also, per Cobra's pattern?

I'm not as skilled as the other members of this board and apologize in advance if the above statements are too rudimentary OR I've misread or misinterpreted any of Cobra's patterns or theories.

[StrikePrice]

Took half profit and waiting short again on this next move up. Should be in Wave b of iv-3.

[swayne99]

AMZN ready to rip higher here. Nice consolidation after a 7 pt run up in the past two days

[soku]

my double cloud chart

Soku: very nice!

do you use corona? what's yr setting? i can never make it straight.

[StrikePrice]

Has anyone worked out any hypotheticals or scenarios regarding tomorrow"s NFP?

For example, expectations seem to be rising. If the number disappoints or we have a
"sell the news" reaction, would that follow Cobra's pattern of open red, close green? Would it be a "pivot day"? Conversely, if the number is a blow out (not my hunch), do we open green, touch or get near the 200 on the S&P and close red— also, per Cobra's pattern?

I'm not as skilled as the other members of this board and apologize in advance if the above statements are too rudimentary OR I've misread or misinterpreted any of Cobra's patterns or theories.

Projecting out my EW count and my gut feeling is tomorrow will be a CLOSE < OPEN day.

[soku]

Has anyone worked out any hypotheticals or scenarios regarding tomorrow"s NFP?

For example, expectations seem to be rising. If the number disappoints or we have a
"sell the news" reaction, would that follow Cobra's pattern of open red, close green? Would it be a "pivot day"? Conversely, if the number is a blow out (not my hunch), do we open green, touch or get near the 200 on the S&P and close red— also, per Cobra's pattern?

I'm not as skilled as the other members of this board and apologize in advance if the above statements are too rudimentary OR I've misread or misinterpreted any of Cobra's patterns or theories.

rumor from yesterday says beat with comfortable cushion. this is the reason for the rally from 1230 to 1245. it is quiet now. personally i don't expect anything "unexpected".

[KENA]

That was a nice dome on the way dn.When they start to form I like to pay attention. Now lets see what happens.

[cougar]

my double cloud chart

Soku: very nice!

do you use corona? what's yr setting? i can never make it straight.

Sorry for my ignorance: what is "corona"?

[tdo722]

if UUP kick starts the $22.09 or higher program then we got a rally to the dark side. Otherwise, JBTFD!