03/07/2012 Intraday Watering

[BBFinance]

Good Day Cobra,
"if index goes up without a lower low 1st, then its a sell opportunity". Is it still valid or we have more upside ? Do we wait till close?
If we get a good resolution of Greek PSI tomorrow, the dip buyers may all come back

[TWT]

AAPL : The down leg is corrective = another wave (4) or a wave (A) ?

(thewavetrading.com)

[btran874]

I showed this chart yesterday:

yes.png

Great chart. I sold it pre-market equivalent of 1349 to cash. I think it should be creeping up to 1352-1354. I'm planning to short there.

Thanks, here some of the resistance levels I'm looking at, support is way down at 1330, 1320 and 1300. But I'm off, the sun is shining and I don't feel like staring at a boring screen and waiting for the appl announcement...

SPX3.png

Thank you very much and enjoy the sun. LUCKYYYYYYY!!!!!

[uempel]

I had a tight stop-loss. Now waiting and see. Greece would be the play later today and tomorrow.

We must've gotten some good news

No, marketmakers want to squeeze Bullbear and MeXman...

If aapl announces some great new product the markets will rocket up tonight - so I'm waiting. But I might be too careful, I've had a good week so far. Good luck!

[uempel]

btran874, thanks, I'm going now, but sometimes I'm just hooked, can't leave. But I'm going now

[Harapa]

My small cap momentum model triggered sell EOD yesterday (I have entered estimated close price for my proxy). I will exit TNA long EOD today. Estimated profit on this trade 17%. I posted the details of this model in weekend watering a couple of weeks ago.
Happy Trading

[BullBear52x]

I'm out and back into the dark ally.

Just joined you

sell the rip, 135.35... yes, right here right now.

Just don't get drunk see my resistance here also like many mentioned, we might all get it wrong,

from here until 5dma is taken out, find any excuse to sell.

[TraderGirl]

Good Day Cobra,
"if index goes up without a lower low 1st, then its a sell opportunity". Is it still valid or we have more upside ? Do we wait till close?
If we get a good resolution of Greek PSI tomorrow, the dip buyers may all come back

What if we just had wave 4 and we are headed higher to 1390 by March 22????

[btran874]

btran874, thanks, I'm going now, but sometimes I'm just hooked, can't leave. But I'm going now

LoL...

[btran874]

Good Day Cobra,
"if index goes up without a lower low 1st, then its a sell opportunity". Is it still valid or we have more upside ? Do we wait till close?
If we get a good resolution of Greek PSI tomorrow, the dip buyers may all come back

What if we just had wave 4 and we are headed higher to 1390 by March 22????

An expanded irregular flat ABC (3-3-5) for wave 4 would scare me more than anything. That means my roth account swing shorts will get decayed to pieces.

[waverider]

Typical inside day screwing with late bears. The market drops for a couple days and bernanke wants to start another round of QE

[Me XMan]

Got my poison $135.65

[BullBear52x]

Normally I wait until I get intraday sell/buy to trig, well, 10 more minutes we should get a sell trigger and will go from there if da bears mean business or da bulls will continue its usual fool you again

[Cobra]

consolidation, so more up.

[BullBear52x]

The next sell spot will be 136.27, so give me now or give me later

[Harapa]

IWM doesn’t look good (as if this wasn't known ) . Both OBV and RSI in daily as well as in weekly time frame are indicating poor health of small cap.

[Me XMan]

Nothing new with QE3. It's a given. If not, it's gonna be one HUGE fricking selloff like yesterday.
So the Fed had to say they gonna do it. Just have to wait and see if they actually do it.

Typical inside day screwing with late bears. The market drops for a couple days and bernanke wants to start another round of QE

[TraderGirl]

Ok, that may have been it...

[BullBear52x]

IWM doesn’t look good (as if this wasn't known ) . Both OBV and RSI in daily as well as in weekly time frame are indicating poor health of small cap.

daily IWM is the most beat up one so it's pausing now, see STO here, no buying on anything just yet.

[waverider]

Nothing new with QE3. It's a given. If not, it's gonna be one HUGE fricking selloff like yesterday.
So the Fed had to say they gonna do it. Just have to wait and see if they actually do it.

Typical inside day screwing with late bears. The market drops for a couple days and bernanke wants to start another round of QE

Nothing new?

http://ftalphaville.ft.com/blog/2012/03 ... um=twitter