Back to www.cobrasmarketview.com

   

01/13/2012 Intraday Watering

Re: 01/13/2012 Intraday Watering

Postby jarbo456 » Fri Jan 13, 2012 4:02 pm

SPY and AUD/JPY were going tick for tick today...AUD/JPY has already broken out above it's ascending triangle.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 01/13/2012 Intraday Watering

Postby 99er » Fri Jan 13, 2012 4:04 pm

Update

TNX http://99ercharts.blogspot.com/2012/01/tnx_13.html

For folks who prefer green sauce.

Have a great weekend!
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 01/13/2012 Intraday Watering

Postby jarbo456 » Fri Jan 13, 2012 4:06 pm

bears are dead for the day. covering some shorts before i get my face torn off.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 01/13/2012 Intraday Watering

Postby stucap » Fri Jan 13, 2012 4:07 pm

jarbo456 wrote:bears are dead for the day. covering some shorts before i get my face torn off.


CHOO CHOO! Mind the gap.... the train is coming...
stucap
 
Posts: 994
Joined: Thu Jul 14, 2011 12:25 pm

Re: 01/13/2012 Intraday Watering

Postby SB73 » Fri Jan 13, 2012 4:08 pm

Looks like QE is involved here. Not sure how else every dip could be bought. I do see that from my statistical evidences there is a high probability that today's low will be revisted.
SB73
 
Posts: 1265
Joined: Wed Sep 14, 2011 12:20 pm

Re: 01/13/2012 Intraday Watering

Postby jarbo456 » Fri Jan 13, 2012 4:09 pm

SB73 wrote:Looks like QE is involved here. Not sure how else every dip could be bought. I do see that from my statistical evidences there is a high probability that today's low will be revisted.


does look a whole lot like 2010.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 01/13/2012 Intraday Watering

Postby Petsamo » Fri Jan 13, 2012 4:10 pm

Bulls are laughing at the bears, for now
Twitter @jackwag0n
User avatar
Petsamo
 
Posts: 3339
Joined: Thu Jun 30, 2011 2:22 pm

Re: 01/13/2012 Intraday Watering

Postby Cobra » Fri Jan 13, 2012 4:11 pm

exploded higher as I said. here's the target believe or not.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44294
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/13/2012 Intraday Watering

Postby taggard » Fri Jan 13, 2012 4:12 pm

BullTart wrote:Seasonality with options expiration next week is not looking good for the bulls... Jan opex is not a good time for the bulls..

"The S&P 500 ... closed out option expiration week with a loss on 29 out of 40 occurrences (or almost 75% of the time)" Just something to consider statistically.


one way to consider this on a somewhat qualitative basis is to watch how many times you see idea turn up in the next 3 days or so. often that can mean the idea is front run which mutes all or part of the action.

from another angle if you look at mr.bachnut's stuff on nymo you will note that "there should be a down move and then an up move and then a larger down move". this could translate to a minor down move next week(maybe earlier in the week)--then up the following and then down in the very last part of jan or early feb in a more serious way.

these ideas are somewhat the same. you could call it "the see though trade" eg the trade after the (current) trade impacts the thinking now--or "if they know it bounces the down move in front of the bounce is muted--yet as the bounce happens the next (or see through) trade is down thus the move up is muted and turns into the next move (down) sooner than expected.

so the perception of the future event acts as an attractor to current action. (history rhymes rather than repeats?)

we all know the stats--so it's how we react to that knowledge that gets interesting--the first clue is how many times you see the idea (between both of us that makes 2x so far i think)

good luck with your trading
taggard
 
Posts: 428
Joined: Wed Nov 02, 2011 12:52 pm

Re: 01/13/2012 Intraday Watering

Postby fuddleduddle » Fri Jan 13, 2012 4:13 pm

Can't do more QE with all this optimism. We need some panic.

Reminder Jan 24th FOMC Meeting, and Benny speaks on the 25th.
fuddleduddle
 
Posts: 99
Joined: Fri Jun 24, 2011 8:25 pm

Re: 01/13/2012 Intraday Watering

Postby KeiZai » Fri Jan 13, 2012 4:14 pm

this market is so sick :x
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
User avatar
KeiZai
 
Posts: 2827
Joined: Tue Nov 29, 2011 6:16 pm
Location: EUROPE

Re: 01/13/2012 Intraday Watering

Postby jarbo456 » Fri Jan 13, 2012 4:15 pm

feel like the bulls woke up this morning...took a look at the overnight drop and saw Dollar Tree...

hell it was a freak'n black friday sale for the bulls today.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 01/13/2012 Intraday Watering

Postby ken_d17 » Fri Jan 13, 2012 4:16 pm

Cobra wrote:exploded higher as I said. here's the target believe or not.



Target shows significant move. What time period are you thinking --- today ? onging until invalidated? what might invalidate? a low below current run?


Thanks for all !
ken_d17
 
Posts: 99
Joined: Mon May 23, 2011 9:34 am

Re: 01/13/2012 Intraday Watering

Postby stucap » Fri Jan 13, 2012 4:16 pm

Petsamo wrote:Bulls are laughing at the bears, for now


no quite sure why more faces aren't getting pulled off right now......
stucap
 
Posts: 994
Joined: Thu Jul 14, 2011 12:25 pm

Re: 01/13/2012 Intraday Watering

Postby dr659 » Fri Jan 13, 2012 4:16 pm

Cobra wrote:exploded higher as I said. here's the target believe or not.

we are going back to test the recent highs :?:
dr659
 
Posts: 318
Joined: Thu Feb 17, 2011 4:53 pm

Re: 01/13/2012 Intraday Watering

Postby Cobra » Fri Jan 13, 2012 4:17 pm

ken d wrote:
Cobra wrote:exploded higher as I said. here's the target believe or not.



Target shows significant move. What time period are you thinking --- today ? onging until invalidated? what might invalidate? a low below current run?


Thanks for all !


Don't know how to answer. I don't believe it'll reach the target today though.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44294
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/13/2012 Intraday Watering

Postby Al_Dente » Fri Jan 13, 2012 4:21 pm

jarbo456 wrote:sorry al, can you put up the 5 minute internals again for me? specifically 5 minute dec/adv chart...

sorry jar, almost missed yr post
5 m
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
User avatar
Al_Dente
 
Posts: 22775
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/13/2012 Intraday Watering

Postby jarbo456 » Fri Jan 13, 2012 4:21 pm

from my twitter feed from another trader: "if we close green, i'm never trading another put again"

lol

i kind of have to agree with that.
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 01/13/2012 Intraday Watering

Postby jarbo456 » Fri Jan 13, 2012 4:22 pm

Al_Dente wrote:
jarbo456 wrote:sorry al, can you put up the 5 minute internals again for me? specifically 5 minute dec/adv chart...

sorry jar, almost missed yr post
5 m
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15


thanks man...

not even watching spy or /es anymore...

just watching AUD/JPY...been leading today. need it to break below it's "open" price so SPY can follow...
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 01/13/2012 Intraday Watering

Postby mac769 » Fri Jan 13, 2012 4:23 pm

Cobra wrote:SPY leads down, so not a broad based selling yet. I'm not in bear camp yet. Well, I'm not in bull camp either. I'm watching :shock:


If the bears cannot even bring their act together with the help of Italy and France being downgraded, then this is a lost case

but on the other hand, the volume is really light, which means this market is easily being manipulated to the upside
User avatar
mac769
 
Posts: 183
Joined: Thu Jun 23, 2011 9:27 am

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: flrtrader, Google [Bot], Trades with cats, Vaamsy and 15 guests