Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:47 pm
no, that chart is info only, i just use it to show what normal bear case would like.PRI wrote:Cobra, what is your downside target this afternoon?
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06/03/2011 Intraday Watering
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Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:47 pm
Bears got one last stand, a turn down from here will give intraday negative divergence.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:49 pm
This pattern is invalidated. Not sure what to expect but indeed the trend is moving up and the market is set up for a positive seasonality on Monday.cletus wrote:I'm looking for it on the 1 min SPY chart which is setting up, but in reality it may not work out and we could just fill the gap straight away. I think it could though. So I'd be wanting to buy SPY around 130.30 or so or whenever I see big volume come in on a dip.cougar wrote:Cletus: on which time frame do you watch that "bullish buttefly"?cletus wrote:Watch for M shaped bottom today, it will look like a move to the downside to make new lows then suddenly explode higher. Buy on D.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:51 pm
cletus, I like your graph 
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:54 pm
just a little overshoot?Cobra wrote:so far go as planned. another critical time here.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:54 pm
tough call here, the rebound is led by big financial stocks I guess, cuz, QQQ and IWM are lagging. Bears still have a little little hopes here.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:55 pm
Those bears tried taking my gold chains...... again!!!
Sold them some more gold colored chains.... they never know the difference.
Where's my buddy Yoku???
Great work Cobra = as always!
Sold them some more gold colored chains.... they never know the difference.
Where's my buddy Yoku???
Great work Cobra = as always!
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:56 pm
Strong support at 1307 on so many charts, but it's all important for bulls that SPX breaks upwards above 1320 and disregards the H&S formation. I'm off for a long weekend...
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:57 pm
thank you~~ have a good weekend!uempel wrote:Strong support at 1307 on so many charts, but it's all important for bulls that SPX breaks upwards above 1320 and disregards the H&S formation. I'm off for a long weekend...
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:57 pm
nope. now bulls need show some strength here.dr659 wrote:just a little overshoot?Cobra wrote:so far go as planned. another critical time here.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:58 pm
My best guess is markets reverse back down....rally happened too early in the day.Cobra wrote:tough call here, the rebound is led by big financial stocks I guess, cuz, QQQ and IWM are lagging. Bears still have a little little hopes here.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:58 pm
COW update. This thing is still ready to do some backtesting up the 29 area I believe, and it's rolling today.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:58 pm
My new line in the sand.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 12:58 pm
again, info only, a common pattern for bear case would like this. both bear and bull are at key point now. I have no idea who's going to win.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 1:01 pm
come on bear, bear is going to win !!!
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 1:01 pm
SPX
Back test of gap...
http://99ercharts.blogspot.com/2011/06/spx_2840.html
Believe it's down from here.
Back test of gap...
http://99ercharts.blogspot.com/2011/06/spx_2840.html
Believe it's down from here.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 1:03 pm
final target should be near 1250 area.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 1:04 pm
[/quote]
thank you~~ have a good weekend![/quote]
You too Mr. Smith!
thank you~~ have a good weekend![/quote]
You too Mr. Smith!
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 1:06 pm
thank you~~ have a good weekend![/quote]uempel wrote:
You too Mr. Smith![/quote]
going to mountain?
I think my lawn was made by gold, over CA$ 300 has spent on it now, should be more, not including watering it.
Re: 06/03/2011 Intraday Watering
Posted: Fri Jun 03, 2011 1:09 pm
Not too overly bearish, bulls did got some thing to write home, see down wedge breaks.