02/21/2012 Intraday Watering

[Tabby]

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.

I just emailed you back.

Also, how do I activate my inbox to make it accept PM's ?

Thanks!

I don't know how PM works, seems it sent out finally.

Under Board preferences. check yes to accept, PM.

[Cobra]

Under Board preferences. check yes to accept, PM.

This already on. just someone doesn't accept PM, so got to be some personal settings as well. Most people here can accept PMs.

[EvilTrader]

Tom Demark just said in bloomberg tv now if we close green today and tomorrow, top is IN.

Either way, can start shorting now or going to cash.

How reliable is he ?

[Cobra]

if we could close here, this still can be read as bear flag.

[Tabby]

Under Board preferences. check yes to accept, PM.

This already on. just someone doesn't accept PM, so got to be some personal settings as well. Most people here can accept PMs.

No, some people won't accept PMs.

[Cobra]

well, guess that's it for today. bears finally see some hopes but the short-term top is far from confirmed yet, so still bears need pray for this time could be a little different. thank you guys, I'll see you tomorrow.

[PLUNGE]

Summarizing his just completed interview on Bloomberg,Tom DeMark sees one more new daily high, today or tomorrow, then a pullback of 5.5-6% before resuming the uptrend.

Worth knowing, IMO.

[grachu]

Lol cobra ur too funny!!!! Give me a red close !!! Los

[Petsamo]

Tom Demark just said in bloomberg tv now if we close green today and tomorrow, top is IN.

Either way, can start shorting now or going to cash.

How reliable is he ?

Bloomberg typically has a bearish bias.

Break

Looks like a gap up tomorrow fellas, at least that's what my unreliable spreadsheet says.

[jimme]

Bought TZA 19 calls and the lipstick is on the pig Al. GLTA!! jimme

[SWalsh]

GREECE:

I just hear Nigel Farage, who was in a suspicious plane crash recently (Air America training people?) speaking about Greece for 30 minutes. If you have never heard him search YouTube. I was surprised this was on Alex Jones as I don't find him credible in some ways. But Farage got the word out about the leaders of "this appalling, disgusting project". He SLAMS the Euro leadership so well!

He said a former foreign Greek minister told him he went to the outskirts of Athens and for 100 EU he bought a Kalashnikov (AK-47) and so are many others as they fear the well heeled will have their homes attacked. "Camp of the Saints" anyone?

Farage said some of this will change via the ballot box in Europe, but that 25% if the Greek people can't feed themselves and "Mad Monti" (the appointed Greek leader) is out of control, and the people are going to show him that they can be too!

Farage is ALWAYS a great listen as he scathes them with his position in the EU. The German representative always looks like he'd like to shoot him!

[TWT]

KBE: The corrective up leg off the January´s low suggests an Ending Diagonal. This one could be completed before SPX ends its own

we shall see .......

(thewavetrading.com)

[btran874]

KBE: The corrective up leg off the January´s low suggests an Ending Diagonal. This one could be completed before SPX ends its own

we shall see .......

(thewavetrading.com)

Very nice. I like this count.

[SWalsh]

ES Globex:

- Premise: A potential ED is in progress

1. The current pullback is clearly corrective therefore a Top is not in place.
2. The s/t EWP could be a DZZ
3. If this is the wave (IV) of the ED then it is required the overlap below w(I) at 1352.75

Be patient, don´t get too agressive on the short side yet

(thewavetrading.com)

Do you also count SPX? The reason I ask is that there are many times (well more than half) that ES spends it's almost 17 hours being thinly traded and generally flat-lining. When it does as such I don't see a way to place anything reliable in the way of a label on ES and have to dismiss it, except for, at times, its own trendlines.

This morning SPX has a clear 5 wave move down that should not have ended anything. But I saw the possibility developing with ES. But it's not my "go to" market for direction. It's only HFT/Algo activity that is doing this as I know from experience these moves were never seen until computers became the dominating force in the market.

This is not a normal market and it is tough to get the correct count.

(sorry for the delay....got tied up watching positions carefully)

That is fer-sure!

Where is the fifth ? Where does it begin ?
Everything looks so corrective ..... This is why I think of a potential ED, maybe in wave III now
The wave (IV) should drop 13 points in order to get the required overlap with the wave (I) high.

Who knows, Just guessing

I think the entire move from Jan 30th has the simplest count as corrective plus it is riding a channel.

Over the last year whenever it looked like the 5th of a diagonal was in, it was 5 of 3 and needed to be more complex.