02/21/2012 Intraday Watering

[waverider]

Today is the day ! The F-day ... Look at $TRAN, Confirmed !

DOW 13K was the objective ??

That's a bit too obvious...

[BullBear52x]

SPY trades well above 20,1 BB. nothing bearish on top of a break out this morning. 135.51 is where 5dma stands and 135.54 is where 1 std stands.

[waverider]

/ZB (the 30 year treasury bond) is at a good lateral support level here.

[TWT]

ES Globex ( I am looking at this one since it has a "clean" pattern) :

Follow up of potential Zig Zag or Double Zig Zag

(thewavetrading.com)

[Al_Dente]

Bots selling 3 minutes ago, on LOD

[Cobra]

the wedge seems confirmed. let's see if this pullback can touch the lower end of the wedge.

[Al_Dente]

jimme congrats u r inside an "elevator" sqz

[f-stop]

Cobra:

UCO on a daily chart with a 320 ma. Seems to get stopped around this price going back to July '11. Any idea if this is considered a decisive break above that area?
Thanks.

[Cobra]

Cobra:

UCO on a daily chart with a 320 ma. Seems to get stopped around this price going back to July '11. Any idea if this is considered a decisive break above that area?
Thanks.

yes, it's clear breakout and I don't think it's a good news for the stock market. soon the high oil price will be all over the media. we'll see.

[Richarab]

cobra whats the target
more selling?
or will the hamstrings save the day?

[pidge66]

Intraday P/C ratio .85. Bears are not rushing in, so less likely to get squeezed again IMO. Fingers crossed for the bears.

[btran874]

S&P made a lower low but VIX did not make a higher high. There's no fear in this market. Why? I don't get it.

[jarbo456]

ahhhh...the 3pm buying....don't think we'd go a day without it did you?

fairly weak so far...but i don't doubt that the machines can push this back up to 137....

[Cobra]

should be 2 legged pullback, might not see it today. I think bears finally see some hopes now.

[Cobra]

cobra whats the target
more selling?
or will the hamstrings save the day?

no target yet, need a pattern first.

[fehro]

bounce? and RS?.. anyhow.. some trendlines SPX 15m

[BullBear52x]

Thanks Cobra and everyone, another fun ride intraday, we need more of this so not to boring.

TA note: Qs, IWM, XLF top reversal of sort, SPY, DIA,and GLD no sign of let go easily. OIL sure look bullish and UNG nice basing however I look at the moment. $USD bad bad bad, King of green is no more?

Hard hat area.

[Cobra]

THAT GUY

I replied your PM but looks like your inbox doesn't accept PM, so I also sent you an email. If you didn't see the email, you can email me to cobra@cobrasmarketview.com, I can arrange a deal for you.

[jarbo456]

10 cent ticks hitting the SPY again...

[TWT]

EURUSD:

Since there is a potential impulsive down leg here the odds of a top are larger

But we need more impulsive follow through to the down side

(thewavetrading.com)