10/12/2011 Intraday Watering

[Al_Dente]

I like the Realtime Updates feature.

what ???

[tonghu]

there is no such thing like gravity on earth now?

[Cobra]

Gap up above yesterday's high, so there're some chances the gap won't be filled. And by the way if some of you remember I said in the yesterday's intraday thread, a consolidation around an important resistance usually means blast on the upside despite all the negative signs? Well, here we go. I just want to take the opportunity to prove when signal and pattern conflict, usually pattern win. And that's why trading is an art not science because you cannot rely simply on signals.

Nothing to say about Global ES, still a little shy of the rectangle target.

1.png

By the way, can someone tell me how to put search key word on Twitter? $SPY, $ES? I'll try to put every of my intraday comment on Twitter today and the update can also be seen on the home page of the cobrasmarketview.com.

2.png

$ES_F : will get you in the ES stream
$SPY
$SPX
$CL_F
$GC_F

etc.

Thanks, that's what I want.

just saw your tweet, since I follow you. $ES_F has broader follow base

OK, thanks.

[MM111]

Morning and afternoon all.

CNBC getting bullish and a huge run up. I think the top is in. This must be the last gap up.

[99er]

SPX
http://99ercharts.blogspot.com/2011/10/spx_12.html

And up we go...

[koolblue]

Time for bulls to get a little defensive....

[Tabby]

Good Morning.


May the Force be with you

Thank you and the same to you.

[q2model]

the open.

Do u still expect pullback as early as today or tomorrow?

[agnosia]

break of 1196 /es would be a double top.

[stucap]

break of 1196 /es would be a double top.

i guess that would explain the wall of buyers at 1198

[knock]

coorlation between ES and EUR making new levels in October,2011
so if you want bigger picture, just check the EUR and USD because ES will follow

But I see they are realtime corelated?

[99er]

RUT
Update.
http://99ercharts.blogspot.com/2011/10/rut_12.html

[Cobra]

very strong open. I wouldn't hope a gap fill today judging by what we have so far.

[Dow Trader]

looks like a smal triangle here

[SigmaEcho]

very strong open. I wouldn't hope a gap fill today judging by what we have so far.

got it $ES_F, $SPY

[Unique]

Gap up above yesterday's high, so there're some chances the gap won't be filled. And by the way if some of you remember I said in the yesterday's intraday thread, a consolidation around an important resistance usually means blast on the upside despite all the negative signs? Well, here we go. I just want to take the opportunity to prove when signal and pattern conflict, usually pattern win. And that's why trading is an art not science because you cannot rely simply on signals.

Nothing to say about Global ES, still a little shy of the rectangle target.

1.png

By the way, can someone tell me how to put search key word on Twitter? $SPY, $ES? I'll try to put every of my intraday comment on Twitter today and the update can also be seen on the home page of the cobrasmarketview.com.

2.png

You're right, price is the #1 indicator, all else is just noise.

[Michelle]

what ???

[/quote]

Cobra's comments are posted in real time on his "Cobra's Market View" page.

[agnosia]

break of 1196 /es would be a double top.

i guess that would explain the wall of buyers at 1198

yep lets see if they show up on this round though. come on bears. knock this silly tape down.

[wayne0708]

Cobra:
Is it too stretch like you normally say?

[Al_Dente]

Note the 5 day, 5 min internals showing “soft” green yesterday compared to the strong trends of the previous days.
Stronger today, too soon to tell
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =245858270