04/14/2011 Intraday Watering

[99er]

ES
Modified H&S targets.
http://99ercharts.blogspot.com/2011/04/es_4409.html

[Cobra]

another reason I think bear may have chances.

[Cobra]

and if you really feel bullish, don't forget the VIX, I cannot believe that this going to be a top for vix for many many years.

[StrikePrice]

I'm a terrible trader, but I'm getting a little better as a chartist.

So, I miss this and didn't close my short this morning. ugh.

Cobra,
Does this Positive Divergence on the SPY 60-min hint that the downside is done? I can still make pennies if I cover here.

There're chances, especially SPY has been down 6 days in a row, what do you expect? I'll hold my partial short of course because I believe the rebound would fail eventually.

I didn't expect such a strong push up, now I see why. I continue to watch the downtrend line we're all watching.

The chart I posted in the morning of the March/October turns are what I'm watching most.

Btw...thanks again for everything...you may make a trader out of me yet...long live the Cobra!

[cletus]

I didn't expect such a strong push up, now I see why. I continue to watch the downtrend line we're all watching.

The chart I posted in the morning of the March/October turns are what I'm watching most.

Btw...thanks again for everything...you may make a trader out of me yet...long live the Cobra!

King Cobra strikes with venom and kills all victims

[Cobra]

lunch time, so far goes as I planed, I still see hopes for bears.

[99er]

SPX
Channel.
http://99ercharts.blogspot.com/2011/04/spx_9996.html

[BullBear52x]

I am in comfort zone when I can feel like I am on the same page as Cobra.

[Mr. T]

Hey Cobra,

You keep talking about a top in the VIX.....

Well, if you look at the recent high on the $SPX (Apr 6th), the VIX is about in the same place it was right now - but the $SPX was almost 30 points higher.

By that reasoning - should we return to test that again, the VIX should go back into the 14's = and with a S&P breakout, the 12's (amazing).

That it didn't hit the 20's in the last week tells me the drop is fake = or that the VIX should just open at $22 randomly.

What's your take?

[soku]

all my criteria meet. i short at 1307.5

[Cobra]

Hey Cobra,

You keep talking about a top in the VIX.....

Well, if you look at the recent high on the $SPX (Apr 6th), the VIX is about in the same place it was right now - but the $SPX was almost 30 points higher.

By that reasoning - should we return to test that again, the VIX should go back into the 14's = and with a S&P breakout, the 12's (amazing).

That it didn't hit the 20's in the last week tells me the drop is fake = or that the VIX should just open at $22 randomly.

What's your take?

what I understand from VIX is people don't believe the market is actually pulling back so they keep buying this dips. but you maybe right that VIX may eventually goes to 10 or something. We'll have to wait and see though.

[Cobra]

still goes as planed, we may miss one more push up to test the high.

[DAB]

Cobra,

I really enjoy your expermentation with different indicators. My question is how do you get the RSP:$CPCE indicator on a 0 (zero) axis? Thanks. Keep up the great work.

dab

[Cobra]

Cobra,

I really enjoy your expermentation with different indicators. My question is how do you get the RSP:$CPCE indicator on a 0 (zero) axis? Thanks. Keep up the great work.

dab

I didn't. what you see is actually MACD(21,55,1). Smart?

[soku]

vwap is at 1304.5 for now. since es respects it couple times today, i may cover some when we approach there.
overall i still expect to see a revisit of 1298

[BullBear52x]

CD of the day goes to Pink Floyd "The Wall" the collection. I am in peace....

[soku]

Cobra,

I really enjoy your expermentation with different indicators. My question is how do you get the RSP:$CPCE indicator on a 0 (zero) axis? Thanks. Keep up the great work.

dab

I didn't. what you see is actually MACD(21,55,1). Smart?

interesting. this is good trick. i like it.

[DAB]

Cobra,

I really enjoy your expermentation with different indicators. My question is how do you get the RSP:$CPCE indicator on a 0 (zero) axis? Thanks. Keep up the great work.

dab

I didn't. what you see is actually MACD(21,55,1). Smart?

Brilliant!

[maldini]

another reason I think bear may have chances.

wow, Cobra's fork!!!!
Is not it rare to see?

[StrikePrice]

Hey Cobra,

You keep talking about a top in the VIX.....

Well, if you look at the recent high on the $SPX (Apr 6th), the VIX is about in the same place it was right now - but the $SPX was almost 30 points higher.

By that reasoning - should we return to test that again, the VIX should go back into the 14's = and with a S&P breakout, the 12's (amazing).

That it didn't hit the 20's in the last week tells me the drop is fake = or that the VIX should just open at $22 randomly.

What's your take?

what I understand from VIX is people don't believe the market is actually pulling back so they keep buying this dips. but you maybe right that VIX may eventually goes to 10 or something. We'll have to wait and see though.

VIX was below 10 in December 2006 so I guess it could head for that...but is the current economic environment at all similar to end of 2006?