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10/12/2011 Intraday Watering

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Cobra
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Re: 10/12/2011 Intraday Watering

Post by Cobra »

STC wrote:Cobra, if today closes in green then we can say the Oct 4 bottom is in per 7 day rule? If today closes in red then we may see pull back tomorrow?
7 days rule is used to tell you that you have sweet 7 days, it doesn't guarantee the bottom.

If red today, then it's the 2nd reversal, then yes, the top was in. We go route A.

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Al_Dente
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Re: 10/12/2011 Intraday Watering

Post by Al_Dente »

quientuves wrote:May be DAx is giving us a better hint?
quien
in yr opinion, EWG okay to watch? or just poor substitute 4 $DAX?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 10/12/2011 Intraday Watering

Post by Cobra »

the next target.
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Cobra
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Re: 10/12/2011 Intraday Watering

Post by Cobra »

OR target reached.
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quientuves
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Re: 10/12/2011 Intraday Watering

Post by quientuves »

i prefer DAX, as i trade DAX futures too... i'm in Spain. And remember i'm a newbie here... =^_^=
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Mr. BachNut
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Re: 10/12/2011 Intraday Watering

Post by Mr. BachNut »

Got a buy signal last night...a little on the late side :x
Closed hedges this morning with a profit.
Still holding 1/4 short now as a partial hedge at a growing loss. If not stopped out will close on a down day, if we have one ever again.
Now net long, just in time for a correction.
Overbought markets getting more overbought is a bull market phenomenon. So, I will position accordingly.
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Cobra
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Re: 10/12/2011 Intraday Watering

Post by Cobra »

volume surge, biggest bar, so could be a pullback of some kind here, then we'll see.
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BullBear52x
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Re: 10/12/2011 Intraday Watering

Post by BullBear52x »

speechless, who is calling the top raise your hand :x ouch!

OK. lets do the entry number again shall we?
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uempel
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Re: 10/12/2011 Intraday Watering

Post by uempel »

BullBear52x wrote:speechless, who is calling the top raise your hand :x ouch!

OK. lets do the entry number again shall we?
Check 377:
1212.png
Michelle
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Re: 10/12/2011 Intraday Watering

Post by Michelle »

BullBear52x wrote:speechless, who is calling the top raise your hand :x ouch!

OK. lets do the entry number again shall we?
I think I'll wait til everyone is bullish before I call a top. :)
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EvilTrader
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Re: 10/12/2011 Intraday Watering

Post by EvilTrader »

This market looks like mid-september, when SPY made a high around 9-16.

Hourly MACD, RSI and ATR patterns are about the same.

I expect a correction to about 118 by friday. :ugeek:
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soku
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Re: 10/12/2011 Intraday Watering

Post by soku »

i read it as b-o then retest. 1205 need to hold for the bullish case
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pady
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Re: 10/12/2011 Intraday Watering

Post by pady »

Hi cobra,

I missed this complete runup as I was on vacation. If this is an impulse, I would expect to see a wave 2 down to 1140-50 range. Your thoughts ?
ddd
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Re: 10/12/2011 Intraday Watering

Post by ddd »

BullBear52x wrote:speechless, who is calling the top raise your hand :x ouch!

OK. lets do the entry number again shall we?

Real top is in the 1230 ~ 1250 area.
Michelle
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Re: 10/12/2011 Intraday Watering

Post by Michelle »

Uempel, this is the fourth time since August the market has tried to get through the 377 and stay above it. I wonder if this time will be different....
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BullBear52x
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Re: 10/12/2011 Intraday Watering

Post by BullBear52x »

uempel wrote:
BullBear52x wrote:speechless, who is calling the top raise your hand :x ouch!

OK. lets do the entry number again shall we?
Check 377:
The attachment 1212.png is no longer available
Toppy again on channeling too.
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SB73
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Re: 10/12/2011 Intraday Watering

Post by SB73 »

ok...glad I hedged some before close yesterday. I am definetly speechless.
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BullBear52x
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Re: 10/12/2011 Intraday Watering

Post by BullBear52x »

Michelle wrote:
BullBear52x wrote:speechless, who is calling the top raise your hand :x ouch!

OK. lets do the entry number again shall we?
I think I'll wait til everyone is bullish before I call a top. :)
this proved once again the majority is wrong.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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waverider
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Re: 10/12/2011 Intraday Watering

Post by waverider »

BullBear52x wrote:speechless, who is calling the top raise your hand :x ouch!

OK. lets do the entry number again shall we?
Already tried to step in front of the bull and got the horns holding into Columbus day... I'm never shorting Columbus again unless we're in a clear downtrend.

If this turns down at 122 I'll probably have another go...
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ddd
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Re: 10/12/2011 Intraday Watering

Post by ddd »

Back in Mar 2009, the impulse moved 20% up before the first two-day shallow adjustment. The sentiment then was about as negative as last two weeks. So bears be careful. I will continue to trade only one way, and scaling into more swings vs DT.
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