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03/06/2012 Intraday Watering

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Cobra
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03/06/2012 Intraday Watering

Post by Cobra »

Gap down below yesterday's low so chances are the gap won't be filled.

Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real, so the target might be possible.
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noob
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Re: 03/06/2012 Intraday Watering

Post by noob »

Morning Cobra, where's the "this is too stretched" talk?
smoothy
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Re: 03/06/2012 Intraday Watering

Post by smoothy »

Good morning. This is my first post here and I just wanted to greet all and thank Sir Cobra for all of the daily market charts and guidance. I am a full time trader and appreciate the perspective and updates provided via Twitter.
jimme
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Re: 03/06/2012 Intraday Watering

Post by jimme »

A confirmed FIVER in the dollar (/DX) on a 60 min chart. GLTA jimme
trendfollower
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Re: 03/06/2012 Intraday Watering

Post by trendfollower »

Interesting points on gold and silver article:

http://goo.gl/wZg04
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Me XMan
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Re: 03/06/2012 Intraday Watering

Post by Me XMan »

Ain't saying anything but let my shorts ride :D :lol:
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Cobra
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Re: 03/06/2012 Intraday Watering

Post by Cobra »

the open.
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Harapa
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Re: 03/06/2012 Intraday Watering

Post by Harapa »

Per DeMark Range Expansion Algo
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Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
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soku
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Re: 03/06/2012 Intraday Watering

Post by soku »

eventually, eventually it's over. for the past couple weeks we see a low volume low volatility melt up, which is a market dumb money buy and hope while pro traders do nothing.
since the low quality of the up trend, we don't have many supports. i think 1330 area maybe the first stop. and here is a list of some factual numbers based on SPX.
1352.28, low of 2/23/2012
1337.35, low of 2/10/2012
1300.49, low of 1/30/2012
1258.78, 200-day SMA
The goal is not uniformity. It is understanding and idea exchange.
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Cobra
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Re: 03/06/2012 Intraday Watering

Post by Cobra »

a little bit bigger picture. no comments.
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BBFinance
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Re: 03/06/2012 Intraday Watering

Post by BBFinance »

Cobra wrote:Gap down below yesterday's low so chances are the gap won't be filled.

Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real, so the target might be possible.
GM Cobra,
The target, is it for the entire correction or for today?
I know the board is for day trading and hence this question.
Thanks for your kind answer.
BBF
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KENA
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Re: 03/06/2012 Intraday Watering

Post by KENA »

SOKU..Here is a fairlly new stock that poped up for me the other day..It is just about your name..Watch "YOKU" It has had both a dn move and up tending..Who knows it could turn out to be a good one (maybe)..Let me know if you find out any on it.Wait and see.
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TWT
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Re: 03/06/2012 Intraday Watering

Post by TWT »

SPX: Now there is no doubt that a top is in plce

I think I am going to take half of the afternoon off to enjoy the shorts

Below I have a possible count, but be aware that with corrective patterns it is not easy to nail the correct EWP.

(thewavetrading.com)
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TWT
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Re: 03/06/2012 Intraday Watering

Post by TWT »

Me XMan wrote:Ain't saying anything but let my shorts ride :D :lol:

YES CELEBRATION TIME !!!!! :)
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soku
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Re: 03/06/2012 Intraday Watering

Post by soku »

KENA wrote:SOKU..Here is a fairlly new stock that poped up for me the other day..It is just about your name..Watch "YOKU" It has had both a dn move and up tending..Who knows it could turn out to be a good one (maybe)..Let me know if you find out any on it.Wait and see.
well i started here with a user id of yoku for reason. soku is just another website of yoku. i cannot comment on it. :mrgreen:
did u short yr pet? worst stock in d30 for couple days :D
The goal is not uniformity. It is understanding and idea exchange.
SB73
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Re: 03/06/2012 Intraday Watering

Post by SB73 »

TWT wrote:
Me XMan wrote:Ain't saying anything but let my shorts ride :D :lol:

YES CELEBRATION TIME !!!!! :)
Can you post your latest TVIX chart.
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L_T
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Re: 03/06/2012 Intraday Watering

Post by L_T »

Bulls have faith: the day is still young but a couple of these short term setups may come to fruition by the end of the day if SPY stays put or goes lower.
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Cobra
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Re: 03/06/2012 Intraday Watering

Post by Cobra »

BBFinance wrote:
Cobra wrote:Gap down below yesterday's low so chances are the gap won't be filled.

Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real, so the target might be possible.
GM Cobra,
The target, is it for the entire correction or for today?
I know the board is for day trading and hence this question.
Thanks for your kind answer.
BBF
I don't believe it's for today and it doesn't have to be hit exactly, it just means more down ahead, that's it. Double Top has 72% chances to meet the target.

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BullBear52x
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Re: 03/06/2012 Intraday Watering

Post by BullBear52x »

this correction will last couple more days, $NYHL now in the red, DBV confirmed down also today. not good
My comments are for entertainment/educational purpose only. NOT a trade advice.
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TWT
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Re: 03/06/2012 Intraday Watering

Post by TWT »

SB73 wrote:
TWT wrote:
Me XMan wrote:Ain't saying anything but let my shorts ride :D :lol:

YES CELEBRATION TIME !!!!! :)
Can you post your latest TVIX chart.
You must be joking I am out for the next 3 hours ::::::::::::::. :D
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