07/29/2011 Intraday Watering

[Cobra]

close like this, chances are Cobra Impulse System would ask you to cover as the low was detected. The system will switch to buy back test mode to try bottom fish.

[shumushu]

didn't it just go short yesterday?

[BullBear52x]

Liquidity detection, need to print more money here, getting a little dry...DBV here, watch CMF on SPY daily chart once that drop below 0. longer term bearish is confirmed.

[KENA]

Have to leave in about 20 min to take the wife to the clinic in Seattle for her check up.Taking my lap top today to check mkt while i'm waiting.Have a good weekend,see you next week.

[99er]

Over the last week, big banks and companies have withdrawn $37.5 billion from money market funds that invest in Treasury debt and other ultra-safe securities, the biggest weekly drop this year. Meanwhile, in the vast market for repurchase agreements, in which many financial firms make short-term loans to one another, borrowers are beginning to demand higher yields.

In the first three days of this week, investors pulled $17 billion from funds that invested only in government securities, a reversal of the daily inflows of $280 million for much of July, said Peter Crane, the president of Crane Data, which tracks money market mutual funds.

http://dealbook.nytimes.com/2011/07/28/ ... mode=print

[Cobra]

didn't it just go short yesterday?

you mean CIS? yes, but it's a machine it doesn't care as long as bottom condition detected, it'll cover.

[Cobra]

multiple support here.

[oldpigwang]

Cobra: I think today's low or a bite higher low will be tested again, since MACD/ RSI no positive divergency yet.

[agnosia]

looks like we are going back to mid-point of today's range on /es @1290 ?

[Cobra]

no comment.

[StrikePrice]

EMA110 has been an amazing MA to watch this Bull Market.
Anyway, 50% retrace is right at Open Range Breakout. Let's keep an eye what happens at that area.

[RocsInvestmentAcct]

Volatility Index (VIX) spike up at open closed its open gap in the 25.50 area and now with the market off its lows the Nasdaq has closed the gap down.

http://rocsinvestmentaccount.webs.com/

[Cobra]

not clear how to measure bump-and-run target, seems the tinted area is the way.

[99er]

Step right up...A ringside seat:

http://talkingpointsmemo.com/wires/live ... _wire.html

Clowns.

[Cobra]

I agree the morning low will be revisited sometimes later, not necessarily today, even we close strong today as the reversal seems too sharp and happened too early before no one got panic so very difficult to push up (no wash up so the resistances are strong).

[feibingjia]

Ban zhang, does the top of bump-and-run have to be a round top?
Thanks!

[99er]

Fearful?

(Reuters) - Daredevils in red jumpsuits can teeter around the outside edge of Canada's tallest structure next month as the CN Tower opens a new attraction for thrill-seekers and those wanting to overcome fear.

http://www.reuters.com/article/2011/07/ ... 2G20110728

[Cobra]

Ban zhang, does the top of bump-and-run have to be a round top?
Thanks!

don't understand your question. the bump-and-run was over already.

[Cobra]

Cobra: I think today's low or a bite higher low will be tested again, since MACD/ RSI no positive divergency yet.

agree.

[feibingjia]

Ban zhang, does the top of bump-and-run have to be a round top?
Thanks!

don't understand your question. the bump-and-run was over already.

was it over already? hmmm...it's not as scary as what your textbook chart shows then...