05/13/2011 Intraday Watering

Post by **Cobra** » Fri May 13, 2011 9:07 am

First of all, I feel part of my life were gone ever since the Blogger.com became "read only". I tried in vain the whole night to do the post, well, you can image how bad the last night was for me. I finally realized that the blog is this important to me, after all it's my hard hard hard work without missing a single day for nearly 3 years! Hopefully the Blogger.com could be restored today. I think I'm an idiot as I have my own web site, setting up a blog is just a piece of cake why put my fate upon someone else?

Small gap up so chances are high that the gap should be filled and a range day today. The main idea of my last night report is the chart pattern looks bullish unless sharp down today to form a reversal of reversal of reversal while statistically a sharp down today is rare, so basically bears are hopeless again.

Institutional actions from stocktiming. I don't see institutions did accumulation yesterday despite the sharp reversal.

Zig · Post by **Zig** » Fri May 13, 2011 9:14 am

Good Morning Cobra. We missed you too. Well, you know how computers are...they are great, except once in a while, they're not

Jennyahwu · Post by **Jennyahwu** » Fri May 13, 2011 9:15 am

Cobra, thanks for your effort and consistent posting for 3 years.

gabor · Post by **gabor** » Fri May 13, 2011 9:16 am

I am tryin to post my most recent prediction about the future market. It is strongly an Elliottist opinion.

The three scenarios have been pictured: most, medium and least bullish version of the essentially same idea. We will visit deep lows within a week or two, before we visit or make new highs.

: chart2.jpg

jyao · Post by **jyao** » Fri May 13, 2011 9:20 am

Cobra,
Very appreciate what you have done here. I really got lots of benefit. Thanks again.

99er · Post by **99er** » Fri May 13, 2011 9:22 am

Good Morning.

Friday the 13th.

ES update: http://99ercharts.blogspot.com/2011/05/es_13.html

KENA · Post by **KENA** » Fri May 13, 2011 9:25 am

I was wondering last night why I could not get the right date for your nightly news.I thought it was my computer or internet. We can get along for missing a night and thanks for your work.We appreciate it.

99er · Post by **99er** » Fri May 13, 2011 9:26 am

EURUSD
H&S?
http://99ercharts.blogspot.com/2011/05/eurusd_13.html

brownstein00 · Post by **brownstein00** » Fri May 13, 2011 9:28 am

i love your blog and find it beneficial and helpful....will it be restored, or is this a permanent thing?

Tabby · Post by **Tabby** » Fri May 13, 2011 9:29 am

Cobra,
I just found you few month ago. I didn't know you exist few years ago. I am so sorry about the blogger.com.
I really don't like google products anymore. Many people left google finance b/c of techincal issues. I post something and then it was cyberspace.
I couldn't find Kenny's post either and I mentioned it in here.
Thanks for all your hard work and sharing it with us.

Post by **Cobra** » Fri May 13, 2011 9:32 am

the open.

Post by **Cobra** » Fri May 13, 2011 9:37 am

brownstein00 wrote:i love your blog and find it beneficial and helpful....will it be restored, or is this a permanent thing?

blogger.com is just temp down, will restore around now. but I'm seriously thinking of setting up my own blog on www.cobrasmarketview.com which is on a dedicated server that backed daily, so should be safe enough. Those who have been using Hutong9.net should know, it's a pretty reliable server. Maybe I keep the original blogger.com as the mirror so in this case I'd have double backup.

BullBear52x · Post by **BullBear52x** » Fri May 13, 2011 9:39 am

GM,
I went through a lot of charts last night I think the market is in trouble, many signs of weakness in many good companies not as strong. I was surprised.

wxtrader001 · Post by **wxtrader001** » Fri May 13, 2011 9:46 am

Why qqq is so weak with gap down, but spy with a small gap up?

Tabby · Post by **Tabby** » Fri May 13, 2011 9:52 am

I don't understand, $RUT is up by 0.6 and TNA which is 3x is down by 0.58. It should be up by 1.8% instead of down. Something does not add up.

KENA · Post by **KENA** » Fri May 13, 2011 9:53 am

FYI..The NYSEBP only has .75 points to go to change to "0" on the point & figure charts.If this happens then we can expect a dn trend for a few weeks. This indicator does not move fast but is accurate.If we have a good red day today we may see a change.

StrikePrice · Post by **StrikePrice** » Fri May 13, 2011 9:54 am

As a reader of the blog for close to 2 years I thought something happened to Cobra.

Glad that wasn't the case.

Post by **Cobra** » Fri May 13, 2011 9:54 am

could be a small double top in the forming but until it breaks down, the chart pattern looks bullish to me.

Olly Varadi · Post by **Olly Varadi** » Fri May 13, 2011 9:59 am

BullBear52x wrote:GM,
I went through a lot of charts last night I think the market is in trouble, many signs of weakness in many good companies not as strong. I was surprised.

Copy that BB52. I fear for what next week may bring unless we relieve a little of this upward momentum. I had this week down as a nailed on solid red candle. So if it hasn't happened this week......

BullBear52x · Post by **BullBear52x** » Fri May 13, 2011 10:03 am

Buying FAZ, this could turns out to be a long term hold, base is about to break up.

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05/13/2011 Intraday Watering

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