03/28/2012 Intraday Watering

[Cobra]

consolidation then breakout, I think bulls have chances.

[Buckethead]

BUy. THE. FUCKING. DIP

[Cobra]

strong close or not today, don't forget the bigger picture is pointing down.

[brandyjoco]

Cobra,
Not sure - bigger picture pointing down? Do you mean long term or another drop tomorrow?
Thanks - Brandy

[fehro]

$VIX ... triangle retest? and/or bear flag forming...

[Petsamo]

BUy. THE. FUCKING. DIP

I suppose you won't place bets on a gap down tonight

[Cobra]

goes as planed. looks like a strong close indeed.

[stucap]

BUy. THE. FUCKING. DIP

I suppose you won't place bets on a gap down tonight

Bears need a gap down or they are screwed. Looks like them bulls are going to take back the 13 dma and 10 dma = mega bear fail (again)

[Cobra]

Cobra,
Not sure - bigger picture pointing down? Do you mean long term or another drop tomorrow?
Thanks - Brandy

short-term, could be another drop tomorrow. again NORMALLY.

[Cobra]

another way of measuring target. not enough time for today though.

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: see last few minutes of IWM and SPY, I will trust IWM direction than SPY.

[uempel]

Tomorrow's going to be fun!

[BullBear52x]

Paging KeiZai,

Vixies

Almost hit the over night go, close but no cigar. not today.

[Cobra]

cannot believe AAPL close in green again.

[CognitiveDissonance]

Tomorrow's going to be fun!

9.png

What do you mean by 'wrong direction'?

[Claire]

Tomorrow's going to be fun!

9.png

which way is that? what's the "wrong" way? thanks

[Cobra]

well, guess that's it for today. normally, should be another leg down because the pullback today is strong, rarely it's only 1 legged, just nowadays, well, I don't know, especially bulls still missing one leg up. thank you guys, I'll see you tomorrow.

[TWT]

SPX: I maintain the idea that SPX has not completed yet the impulsive up leg off the November 25 low and that the odds that the wave (5) will infold an Ending Diagonal are very large.

The problem with the ED idea is that since it is in its early stage it is difficult to have the correct count.

Below a potential one

[Jose]

I didn't even want to have longs today as i said here viewtopic.php?f=2&t=498&p=68754#p68754 as there was divergence between risk assets and US futures. So I started the day with a short trade on AAPL

But after a nice run down, opportunity was clear in the support zones for many assets.

But then again i'm not holding longs overnight after this messy day, so my first targets were met and I'm out.

Cheers and thanks again to Cobra for having this nice forum with so many intraday updates!

I leave you with my usual assets in 1 hours charts.

S&P 500

NDX 100

EURUSD

[KeiZai]

Paging KeiZai,

Vixies

Almost hit the over night go, close but no cigar. not today.

Thanks BB, yeah next time will be different