12/06/2011 Intraday Watering

[cougar]

paging Cougar, what you see in $VIX, I got BUY signal on it now.

I agree, but there is still very little appetite for VIX calls in the market.
I am staying out of it for now....

[Cobra]

Cobra,

Great report last night. Dosent look like we are going to make a higher high (based on your report last night) since today is most likely going to be a range day. Would this give us confirmation to short? Please advice. Thanks.

I wouldn't short a dull market.

[Cobra]

Hi Cobra - I signed up and paid last week. Really enjoy your site. Everywhere I look this morning I see Tom Demark prediction of 1330 by Dec 21, then a crash - so there is a good chance something other than this will transpire

Thanks and welcome aboard!

[tdo722]

H&S on /ES and an inverted H&S on SPY/SPX

[cougar]

Here is an update of the “SPX 3LB Vibrations & Hurst cycles“.
It is too early though to say when the next nest of lows should happen, except that it should not occur before the end of Dec. Here, everything depends on how much they will gyrate the price. The more they gyrate it, the longer it will take because of “time-compression“.
=========================
One might notice that the latest Gann Vib #9 occurred simultaneously with the one on the “linear time SPX geometry” chart previously posted here.

[tdo722]

H&S on /ES and an inverted H&S on SPY/SPX

/es 1244 is the neckline. That's my version of BB52x yellow line in the sand. love ya bb52x.

[Cobra]

2 legged up as I said, so far legs are overlapping, so not a good sign. we may or may not have one push up. let's wait.

[proteus46]

I'm sure most people read Tom Demark's prediction yesterday for the SPX to reach 1330 before Christmas, peaking
around December 21st (or after 4 consecutive up days).

Something interesting, since early December, SPY has bounced off of the middle Keltner channel and went
back to the upper band, 4 times (circled on chart). Same thing happened yesterday. There is no economic data to prevent the
SPY from going up today.

However, I'm neutral ( I have no idea what's going to happen).

As we continue to watch paint dry, the middle Keltner band is around $ 125.55.

can u post link?

Tom DeMark's comments summarized in a San Francisco newspaper:

http://www.sfgate.com/cgi-bin/article.c ... 6S972K.DTL

I hope that's what Soku was looking for.

[Dow Trader]

The 3 short term important lines in 5 minutes chart . and any move inside the range does not mean that much

[Tabby]

Cobra,
I don't think this a dull market.Here is P bar on $RUT yesterday after 4 pm,
http://finviz.com/futures_charts.ashx?t=ER2&p=m5

[uempel]

Just wanted to tell you guys that there is a signal looming out there indicating a move at noon, i.e in 45 minutes. As to the direction, I give a 55/45 for the upside, As to my targets, I'm looking for a bull-trap (above the 200 MA) at 1272 or 1284. Other scenario would be that the market keeps on lingering in the 1240/1270 area until triple witch...

But for now, watch closely what happens at noon

[finman66]

I'm reminded of the old adage about never shorting a dull market.

I like the old adage "buy low sell high".

That is one of my favorites !!!

[ib612]

Hey Cobra, thanks for all your amazing work! I signed up to be a bronze member at cobrasmarketview.com

When you say "bad" in your posts, you mean bearish, right? And so if you say "good" I'm assuming it means it's a bullish sign?

[Me XMan]

Okay wizard...we'll watch for 12pm EST.

Just wanted to tell you guys that there is a signal looming out there indicating a move at noon, i.e in 45 minutes. As to the direction, I give a 55/45 for the upside, As to my targets, I'm looking for a bull-trap (above the 200 MA) at 1272 or 1284. Other scenario would be that the market keeps on lingering in the 1240/1270 area until triple witch...

But for now, watch closely what happens at noon

[Roadrunner]

Five days… my last internals post for today GLTA
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Dr.Al
Always appreciate your charts. TY

[gabor]

Hi Cobra, I could not login to the daily report site. It seems like a new registration is necessary.

I would also like to ask a question about the payment: If I agreed to pay $10/month for three years, it does not mean that I commit to pay until the three years end, does it? In other words, if I do not want to read the reports any more can I cancel it any time?

[Me XMan]

Better not break $126 or we'll see $125.5

[cougar]

Tim Geithner: “….We, in the US, also face very challenging challenges…”
Genius!

[L_T]

I'm sure most people read Tom Demark's prediction yesterday for the SPX to reach 1330 before Christmas, peaking
around December 21st (or after 4 consecutive up days).

Something interesting, since early December, SPY has bounced off of the middle Keltner channel and went
back to the upper band, 4 times (circled on chart). Same thing happened yesterday. There is no economic data to prevent the
SPY from going up today.

However, I'm neutral ( I have no idea what's going to happen).

As we continue to watch paint dry, the middle Keltner band is around $ 125.55.

can u post link?

Tom DeMark's comments summarized in a San Francisco newspaper:

http://www.sfgate.com/cgi-bin/article.c ... 6S972K.DTL

I hope that's what Soku was looking for.

It seems like every time I see this guy's name mentioned it's about him making the correct call (both time and direction) consistently.

[Cobra]

Hi Cobra, I could not login to the daily report site. It seems like a new registration is necessary.

I would also like to ask a question about the payment: If I agreed to pay $10/month for three years, it does not mean that I commit to pay until the three years end, does it? In other words, if I do not want to read the reports any more can I cancel it any time?

you have to register at www in order to login. your id at bbs doesn't count.

you can cancel at anytime for $10 a month. Your account will expire at the end your billing cycle then the next month you won't be charged.