03/09/2012 Intraday Watering

[Buckethead]

Hey Cobra, someone named Ukarlewitz on twitter is spreading your paid research.

[waverider]

$GMCR short squeezers get deservedly shorted, ouch:

[KENA]

What ever is possible

spx3912

[btran874]

Hey Cobra, someone named Ukarlewitz on twitter is spreading your paid research.

That old guy got no shame.

[BullBear52x]

see my new leading internal.AAPL

[TraderGirl]

Looking at the Bollinger Bands, they are very tight. Looking at the charts, we can get higher prices in the short term, but this tight of BB's have usually led to about 100 pt drop in SPX from the high....

[fehro]

1387ish?

[Tabby]

Anyone noticing the MACD on the SPY daily has been flat for the past 3 days. Are we ready for a double top, soon?

http://goo.gl/tBaJU

This chart is old. When was the time you ve'seen SPY $120 in past three days? Hourly chart turned bullish. For swing trading or day trading it is better to use 5-15 mins chart in my opinion.
BTW, what I see it is bullish .

Thanks for the comments. BTW, I am totally lost with "SPY $120". What's that all about?

BTW, did Cobra post before about the day of employment number? Something about the day or the day that follow would be red most of the time.... Anyone remember? TIA.

His chart showing $120 back in December 2011. If you look at the chart it has been bullish in past three days.

[Unique]

SPX Hourly RSI is 70, we're near the top. Over weekend short if no breakout today.

Possibly one last push by 1:30pm

zzzzzzz

Break 1372 please

[Al_Dente]

1min
First neg tick of the day
No bots action

Ps: got it thanx tag

[BullBear52x]

1387ish?

Nice wedge, I posted IWM last night on bearish rising wedge too.

[fehro]

$VIX on support?

[BullBear52x]

someone need to run outside to buy IPAD 3, this chart I posted last night, no trade just to see if IPAD 3 can sustain this market.

[DRL]

someone need to run outside to buy IPAD 3, this chart I posted last night, no trade just to see if IPAD 3 can sustain this market.

Double Top. Did you sell?

[Michelle]

Hey Cobra, someone named Ukarlewitz on twitter is spreading your paid research.

Could you post a link?

[BullBear52x]

someone need to run outside to buy IPAD 3, this chart I posted last night, no trade just to see if IPAD 3 can sustain this market.

Double Top. Did you sell?

No trade on AAPL, I would sell if I trade it. Always sell double tops.

[btran874]

someone need to run outside to buy IPAD 3, this chart I posted last night, no trade just to see if IPAD 3 can sustain this market.

AAPL is strong and gapped up above resistance at $543 this morning. I think it is gunning for $556-$557 then should be an ABC retrace.

[Cobra]

bigger triangle, the bias still is up.

[TraderGirl]

SPX...??

[Mr. BachNut]

Today's action, if it is sustained, will put my short trade on warning. The McClellan Oscillator should be back in positive territory and the summation index is likely to tick up. If Monday continues this dynamic, the setup will exit the trade at Monday's close provided certain technical indicators reinforce the call. Right now those indicators are not supportive, but that could change by Monday.

While the S&P and NASDAQ indexes only corrected briefly this week, the McClellan data has corrected and consolidated a considerable amount over three weeks. While this could all be part of a topping process, it does leave room for the market, from a McClellan perspective, to do more climbing. We shall see.