12/20/2011 Intraday Watering

[Eagle_Eye]

I wonder if anybody else remembers: I always remembered that p bar.

viewtopic.php?f=2&t=381&start=300

So that one took 3 weeks?

[stucap]

SPX: Freaky ending pattern.
The issue is now to determine what type of bottom is in place

Bottom? We don't need no stinkin' bottom! BUY BUY BUY and ask questions later.

[1der]

First little cracks in ES. Starting to get N-divergence in the 15 to 20 min charts, but TRIN is still crazy strong at .25. Have to watch the next pop (1238ish) for weakness.

[quatzl]

I guess you can't be too overbought.

[stucap]

I guess you can't be too overbought.

always oversold, never overbought.

[Me XMan]

I guess you can't be too overbought.

always oversold, never overbought.

[kongen]

There is no p-bar on telechart.

[fehro]

stall here?

[tdo722]

SPX: Freaky ending pattern.
The issue is now to determine what type of bottom is in place

Bottom? We don't need no stinkin' bottom! BUY BUY BUY and ask questions later.

I'm waiting for a buying opportunity but in the mean time, I see usd is the perfect short candidate to hold overnight.

[Cobra]

clear 3 push up, let's see how the 3rd push up unfolds first.

[BullBear52x]

This run up is stronger then I thought, if it's too good to be true it is...........(fill in)

I will buy in tomorrow not today, I hope the momentum will still be there tomorrow, I short FAZ just in case my FAS doesn't pan out, Short SSO I can hang on. GLTA buy some good toys for kids.

Thanks Cobra and everyone, be nimble and stay humble, GLTA.

[Nomorework]

Looking at VIX it never signaled any sort of bottom was in. Seems this rally is closing the divergence in VIX and SPY over the past two weeks. Last time we saw this level in VIX it was the end of Oct top...

Does someone much smarter than me have any thoughts?

[waverider]

SPX: Freaky ending pattern.
The issue is now to determine what type of bottom is in place

Bottom? We don't need no stinkin' bottom! BUY BUY BUY and ask questions later.

I'm waiting for a buying opportunity but in the mean time, I see usd is the perfect short candidate to hold overnight.

USD is at lateral support.

[Petsamo]

Looks like a double bottom on RIMM

[tdo722]

SPX: Freaky ending pattern.
The issue is now to determine what type of bottom is in place

Bottom? We don't need no stinkin' bottom! BUY BUY BUY and ask questions later.

I'm waiting for a buying opportunity but in the mean time, I see usd is the perfect short candidate to hold overnight.

USD is at lateral support.

I'm aiming for USD to close that gap and right now it made a lower low on 1hr right underneath the down channel.

[TWT]

ES globex could be suggesting that price is still in wave (III) off yesterday´s lod

[Me XMan]

Careful with RIMM...they're losing business...

Looks like a double bottom on RIMM

[taggard]

This run up is stronger then I thought, if it's too good to be true it is...........(fill in)

I will buy in tomorrow not today, I hope the momentum will still be there tomorrow, I short FAZ just in case my FAS doesn't pan out, Short SSO I can hang on. GLTA buy some good toys for kids.

Thanks Cobra and everyone, be nimble and stay humble, GLTA.

(if it's too good to be true it is "maybe sooner rather than later?" they all "know" that friday and next tuesday "have to be really strong days" (since sc rally is up .60ish on average over these two days going back 30 years). often these days there is a rush to be in front of events. could be thur or friday acts "funny" to offset the absolute clarity they have right now. not sure what that that idea means exactly but maybe the action is drawn forward so that when the event happens it is muted.

[wishful]

clear 3 push up, let's see how the 3rd push up unfolds first.

oops another P-bar alive?

[stepture]

Hi Cobra,

I have a question for 4.9.1 TSX Long Term Trading Signals. What's the logic behind those color bars? I mean how do you determine when it becomes red, blue and green. I can follow it only if I understand it. It is a long term investment and I have to be careful. Many thanks.