09/23/2011 Intraday Watering

[BullBear52x]

Buy machine triggered.

[ultramarine]

This is interesting. Go to stock charts. Type in $NYAD, and click weekly. Go to Chart Attributes, then Type, and click on Cumulative, then update. This has been above the 50 day since April 2009. Look where it is now.

Very telling. But is a bounce possible of this support? Nah, I didn't think so.

[laoguo]

3rd push is coming, wow

Cobra should patent this theory.

[BullBear52x]

Bulls stand on one leg, but it's leg nevertheless

Hi BB52, on the fib fan, where do you have the left line connecting? It works pretty well when it connects from a low to a peak.

Those are not FIB fan, I would mentioned Fib fan if it is, those a are wedge trend line.

[pady]

Possible target: 1155 ( 38.2% )

[stucap]

small inverse H&S?

obvious target is that gap----not gonna get there today (who knows though with the buy buy buy or sell sell sell climate we have these days) but probably next week.

next week is end of quarter, expect to see some buyers to game the quarter and keep fees as high as possible. Then, maybe we'll go down again, as Cobra says -- only one-legged so far.

[Cobra]

My first post. I'm a credit guy not an equity guy but have enjoyed reading all your posts the past few weeks.

Not sure if this tidbit is news to y'all but....chatter amongst bond desks is that French banks may receive some ECB support soon.

Thanks and welcome aboard!

[99er]

ES
Update.
http://99ercharts.blogspot.com/2011/09/es_530.html

[BullBear52x]

Intraday point of view you you got to be bullish, but I don't know why we could not make a new high just yet see MACD and RSI

[newbie_77]

looks like we are falling over the cliff........ whoooooshhhhhhhhhh

[Cobra]

trend line support. this indeed looks like a 3 push up. the 3rd push now looks much weaker than I thought. watch the horizontal blue line below.

[Al_Dente]

Peace guys. We are newbies, but i think (mostly) we are not stupid. And we can see the differece between someone trying to help and share knowledge and other people only trying to sell something or being destructive attacking others.
Keep the good work, and thanks for your patience with us.
(president of newbies, yeah) =^_^=

Dear Pres of Newb:
We like you dude(ette), come back more often

Listen up newbs:
Just stick with the King Cobra, his message so clean and pure and unpretentious. Re-read his exact words, don’t misconstrue them to fit your preconceived bull/bear bias.

And don’t get distracted by all the abbreviations and acronyms and inside chatter here.
Everyone trading their own special niche, with its own particular lingo.
PS: My favorite abbreviation: DMN
(don’t mean nothin’)

And report back in later, so we know you got there safely

[ramram]

I dont see huge downside in the market but still a 2-3 week bottoming process. Maybe a rising wedge to retest the gap around 1165 and then down to about 1050-1090 range. What are your thoughts for October Cobra?

[KENA]

Never know where this mkt will go but right now the Retail is green and the Util.is still bullish so unless Util. gets bearish i would say we still have some up movement.Lets see

[BullBear52x]

soorry bulls, buy trigger failed, my magic market say we are heading lower now.

[laoguo]

soorry bulls, buy trigger failed, my magic market say we are heading lower now.

Too many people know Cobra's 3-push up, then it stops working

[BullBear52x]

head down disappoint in bulls, break time.

[cougar]

What is the news on YHOO? Volume and spike.

Michelle: your interest in YHOO is justified...It's not the news, it's the options action today that stirred my interest:
C/P + 9.7K / 79.5K

[cougar]

YHOO 60 min:

[Copeland]

Close below 1120 on ESZ11 5' then 1110 support. Mini upwards HNS.