10/20/2011 Intraday Watering

[Cobra]

now some real resistance here. more clear on Global ES chart.

[GreedyKojiro]

Cobra is the coach. He gives out guidance. How the executions are carried out is based on one's judgement. I'm thankful for his hard work!

[tdo722]

Cobra -- do you expect the 2nd leg up to be the size of the first one today? Thanks.

give it Fib 61.8% of the 1st one.

so target should be $122.86 right?

[ramram]

I see potential bigger Inverse Head and Shoulder on ES with 1216 neckline. could get pullback here for right shoulder?

[Cobra]

Cobra -- do you expect the 2nd leg up to be the size of the first one today? Thanks.

give it Fib 61.8% of the 1st one.

so target should be $122.86 right?

calculate by yourself, I'm really busy.

[99er]

SPX
http://99ercharts.blogspot.com/2011/10/spx_3794.html

That should do it. Time to grill some wieners.

[tdo722]

Cobra -- do you expect the 2nd leg up to be the size of the first one today? Thanks.

give it Fib 61.8% of the 1st one.

so target should be $122.86 right?

calculate by yourself, I'm really busy.

very sorry Master Cobra.

[pady]

Cobra -- do you expect the 2nd leg up to be the size of the first one today? Thanks.

give it Fib 61.8% of the 1st one.

On SPY, 121.94 was 61.8. But usually a=c can happen. That is why my level is 122.75. Moved my SL to a small profit.

[ActiveTrader]

ES is still comfortably in the 1185-1230 trading range. Isn't whipsaw fun, whip, whip, whip...

[Petsamo]

Bears still have hope. We still don't have a higher high.

[Cobra]

Cobra -- do you expect the 2nd leg up to be the size of the first one today? Thanks.

give it Fib 61.8% of the 1st one.

so target should be $122.86 right?

calculate by yourself, I'm really busy.

very sorry Master Cobra.

that's OK. I just mean if sometimes the answer is obvious, try not to ask me. I'm really tired day after day like this. Appreciate your understandings.

[BullBear52x]

Come to think of it, this week is OEX, Duh! got to slow down I am done today, in cash oh YaY. tomorrow is another day.

remember my XLF view, no need to get aggressive in any direction, Thanks Cobra and all you greatest chartists. GLTA

[Unique]

SPX
http://99ercharts.blogspot.com/2011/10/spx_3794.html

That should do it. Time to grill some wieners.

Why don't you zoom out of your chart, so we could see where you drew your lines from?

[pady]

Got my count slightly off i think. For run from 123.5 to 119.85, the 62% retrace is 122.11. That is better than normal. Shows bull power. We might be done unless one push is coming up right now.

[silicon_beaver]

Bears still have hope. We still don't have a higher high.

I almost do nothing today after closed my FAZ. But I am a little bull-biased now.

[Al_Dente]

[
which part? u don’t understand tick? u don’t understand VIX, dollar???

I understand all those I guee what I don't get is what YOU observe when you post that.. slow Thursday brain..

thankx MRMiyagi: u like to catch tops/bottoms, u watch sharks here, u want solid intraday mkt, u watch King Cobra, u want what I “observe” u get turtle… sometimes

[SB73]

Bull looks unusually tired. I said I wouldn't do it but to a spec short small position.

[Cobra]

as long as no sharp pullback here, this just makes the breakout solid.

[AK84]

This market is SOOO hard to trade esp with options....my god!!!!
profit here one minute ,...gone the next minute! Da Impossiblee!!

[99er]

RUT
http://99ercharts.blogspot.com/2011/10/rut_5383.html

Burning embers.