02/09/2012 Intraday Watering

[EvilTrader]

According to nyadv, nydec and the pink circled nyad
This is a wus day
Like all the other wussie AD days when spy made new hi w only half-ish participation
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256788070

what does it mean ? bearish or bulish ?

[SB73]

Intraday sell once again, but to be good sell <135.37 will be better entry.

Baron von Btfd
Yup, I just got a BUY
I never in my life worked harder for a nickel on zzzzzzzzzzzzzzzzzsl
Got anything EASY?
Psssssstttt WITH THE TRENDO

All the trend stuff is overheated so just mainly waiting it out. Holding a little bit of SPY, but not likely overnight even though gap up has higher probabilities than gap down.

[SB73]

Intraday sell once again, but to be good sell <135.37 will be better entry.

Baron von Btfd
Yup, I just got a BUY
I never in my life worked harder for a nickel on zzzzzzzzzzzzzzzzzsl
Got anything EASY?
Psssssstttt WITH THE TRENDO

All the trend stuff is overheated so just mainly waiting it out. Holding a little bit of SPY, but not likely overnight even though gap up has higher probabilities than gap down.

Also carrying some DBC...although a little hot, it seems like better risk / reward than some others.

[SWalsh]

Believe It or Not

Republican presidential candidate Mitt Romney has inspired a New York-based condom company to create a prophylactic for “anyone with an elite penis.”

The product, sold on RomneyCondoms.com, features packaging with Romney’s likeness, the words “never settle” and a background of $100 bills. “Despite Mitt’s Inability To Stick To A Position, Romney Condoms Are Great For ANY Position,” the website boasts.

http://www.rawstory.com/rs/2012/02/08/r ... ite-penis/

Is there an Obama condom they have been inspired to make that is used when he says, “I have not been able to force (force?) Congress to implement every aspect of what I promised to do", so that when he becomes dictator he can wave it in front of them as they vote?

NAPOLEON AND THE FRENCH REVOLUTION

"We have finished the romance of the Revolution, we must
now begin its history, only seeking for what is real and
practicable in the application of its principles, and not
what is speculative and hypothetical."


That was because the French said, "Hey Napoleon, we can't stop this terror stuff....can you help?...people are losing their heads over this!"

[BullBear52x]

what is the historical high for daily RSI ?

did it ever reach 100 ?

We live in an interesting time, we may get to see it

[btran874]

Intraday sell once again, but to be good sell <135.37 will be better entry.

Baron von Btfd
Yup, I just got a BUY
I never in my life worked harder for a nickel on zzzzzzzzzzzzzzzzzsl
Got anything EASY?
Psssssstttt WITH THE TRENDO

All the trend stuff is overheated so just mainly waiting it out. Holding a little bit of SPY, but not likely overnight even though gap up has higher probabilities than gap down.

I notice that if bears got 2 gaps down in a row then the bulls take revenge and get back at least 3 gaps up following. Today was the 2nd minor gap up so let's pray for a huge gap and crap tomorrow.

[Cobra]

still in triangle, but I don't like this red bar. bulls must hold around here.

[TraderGirl]

Remember this chart...1355 was resistance, and here we are...

[SB73]

still in triangle, but I don't like this red bar. bulls must hold around here.

Dear Cobra,

Sorry to bother, but how do you see AAPL at these levels?

[thanos]

going to 1370. Nothing bearish for weeks and still nothing bearish. Why you people fight the trend or think you can pick tops or bottoms is beyond me.

[jarbo456]

still in triangle, but I don't like this red bar. bulls must hold around here.

Dear Cobra,

Sorry to bother, but how do you see AAPL at these levels?

SELLLLLLLLLLLLLLLL

lol

[jarbo456]

going to 1370. Nothing bearish for weeks and still nothing bearish. Why you people fight the trend or think you can pick tops or bottoms is beyond me.

love to see a chart my friend.

[soku]

Even Bespoke is saying 86% of the ETFs they track are overbought, lol

My experience tells me that overbought/oversold and negative/positive divergences signal work extremely well in a volatile market aka summer 2010/summer 2011 when VIX is over 30. During happy times (lol) when VIX is under 30, we can stay overbought or negative divergence for days, if not months or even years.

Therefore, in volatile ranging market overbought/oversold/divergences signal is a very good trade method but not currently. I guess perhaps that is one of the reason why many readers of Cobra's blog keeps complaining their TA indicators aren't working and about to give up TA altogether and wondering why their TVIX keeps dropping while their indicators clearly showing overbought/negative divergence.

I trade using only Elliot waves and I also hate corrective waves or ranging/volatile market. I tend to sideline and stay fully in cash during corrective waves because I don't like symmetrical triangle, ending diagonal, flats, leading diagonal, contracting triangle, expanding triangle, etc. This morning drives me nuts because I couldn't figure out what in the world S&P is doing. But as soon as 1353.53 was breached the picture became a little clearer and now I know where the market is going.

Just my 2 pennies. Perhaps, Cobra can chime in.

depends on how u spot ob/os. in general in a trending market, oscillators are going to be passivated. if just reading osc, you could be very wrong since the market can keep on moving in the same direction while osc stay in ob/os zone and not moving for a while. in a trending market, u don't need many tools and u cannot find many useful. alpha is getting smaller. in 2009 most actively managed funds underperformed to spx.
vix is another kind of animal. you don't want to trade with vix too low or too high. 30 is very high reading. excluding 2008, we are not there very often. too trendy is as bad as too choppy.

[Al_Dente]

evil:
here’s my bear (other than the jillion neg d on worthless piece of indicators)
inverted vix (green) with red channel lines bear diverg
She’s a cub only four days old
But in the real world VIX used to be important piece of puzzle
That’s why tvix was tasty today for a minute
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

ps rsi may go to 500 (joke )

[Cobra]

still in triangle, but I don't like this red bar. bulls must hold around here.

Dear Cobra,

Sorry to bother, but how do you see AAPL at these levels?

looks like an exhaustion bar to me. no short of course. I'm just saying it could be an exhaustion here.

[SWalsh]

Is this going to be a possible C wave down of an A-B-C at 135.33, or did it stop at the high for a reason?

[SWalsh]

going to 1370. Nothing bearish for weeks and still nothing bearish. Why you people fight the trend or think you can pick tops or bottoms is beyond me.

Troll alert

[Cobra]

still in triangle. wait.

[EvilTrader]

evil:
here’s my bear (other than the jillion neg d on worthless piece of indicators)
inverted vix (green) with red channel lines bear diverg
She’s a cub only four days old
But in the real world VIX used to be important piece of puzzle
That’s why tvix was tasty today for a minute
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

ps rsi may go to 500 (joke )

ok, got it !

[TraderGirl]

going to 1370. Nothing bearish for weeks and still nothing bearish. Why you people fight the trend or think you can pick tops or bottoms is beyond me.

Troll alert

That's ok walsh, just ignore....