12/16/2011 Intraday Watering

[jimme]

We use COBRA E-WAVE here. Nothing else. ...and it works!!! It's in the starting stuff some where. Our leader may not always be right, but HE'S NEVER WRONG!! ...and we do LOVE HIM! ...closing the gap on SPY while writing this. jimme GLTA

[minthan]

looks very impulsive down so far with no overlapping like cobra said, very scary.

[Me XMan]

After I cover then I'll call Santa to come okay.

Gap down monday, drop to S&P 1200 or maybe even a little under to take out stops and scare the dickens out of longs. Then the "fooled ya" gap up tuesday and santa rally:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

IMO

[BullBear52x]

Sniff snifff....well, I guess you guys can smell it too.

[proteus46]

Yesterday's post...

A=1210 - 1225.6
B=1225.6 - 1216 ( .618*A)
C=1216 - 1231

Now it is all downhill from here...1150 here we come.

Don't believe too much into elliot crap. Have you ever watch that commercial by All State about the GPS? That's how I think of Elliot waves.

Turn Left, now, recalculating, turn right now, recalculating. That's exactly how I feel about Elliot Waves. You wavers change your mind more than I change my underwear.

I agree, it's too fluid to be predictive....looking in the rear view mirror a lot

[Me XMan]

You're scaring the sheeps

target around 1205ish on ES

[SB73]

If we make a higher high on $SPX before falling below 1,227.43 I'm out of my shorts and in the BULL camp.

So you are looking at 1231.04 vs 1227.43. With my increased positions, just a hair in the red today. I know it doesn't seem real right now, but I still beileve we have a gap close coming, but I won't let this run away from me.

bingo...black candle yesterday said this may happen.

[ocassional observer]

cobra, is there any statistics on 3 hollow red bars in 4 days for the vix?

[Petsamo]

Gap down monday, drop to S&P 1200 or maybe even a little under to take out stops and scare the dickens out of longs.

I'd say it's a little too early to give the opinion of a gap down Monday.

[minthan]

lets go TMF

bonds, asia, europe aren't buying the rally at all

yes sir

@ what price did you jump on board?

[pady]

I agree, it's too fluid to be predictive....looking in the rear view mirror a lot

Is any theory predictive ? The good EW guys also give good SLs. I have found that combination to be deadly. Last trade based on EW I did was - 1280-1170. And now in 1260-1150 ( ? ). That is good enough for me once a month.

[StrikePrice]

now with this pullback, it's clearly overlapping or ZigZag up so it's a corrective up in nature. not good. I'm disappointed.

Don't be disappointed yet Cobra, It might be a Wave 2 Flat. Best to make the Bears drool first, before yanking away the meat.

[heavenskrow]

lets go TMF

bonds, asia, europe aren't buying the rally at all

yes sir

@ what price did you jump on board?

71.7 when ZB broke resistance

[BullBear52x]

1200/120 spy is not if but when

[minthan]

lets go TMF

bonds, asia, europe aren't buying the rally at all

yes sir

@ what price did you jump on board?

71.7 when ZB broke resistance

nice entry, is it too late for me to jump in? are you holding it over the weekend?

[heavenskrow]

Eur/usd at support

[Nomorework]

1200/120 spy is not if but when

Music to my ears! Let's go bears!

[Eagle_Eye]

1200/120 spy is not if but when

Monday. But cover on it.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

[tdo722]

I agree, it's too fluid to be predictive....looking in the rear view mirror a lot

Is any theory predictive ? The good EW guys also give good SLs. I have found that combination to be deadly. Last trade based on EW I did was - 1280-1170. And now in 1260-1150 ( ? ). That is good enough for me once a month.

wow, pady, you're a genius, you guys hear that? everyone follows pady from now on.

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/12/copper_1005.html
Crude http://99ercharts.blogspot.com/2011/12/crude_16.html