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Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:26 am
by AK84
soku wrote:Sleeperz wrote:VIX selloff said sell this market
August 10, 2011, 11:04 AM
Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.
“Since the last 2,000 trading days, if you short SPY at today’s close and cover at close tomorrow, you’ll have 89% chances. And if you hold until the very first red day before covering, you’ll have 100% chances,” they wrote late Tuesday. Read full post at Cobra’s Market View.
The SPDR S&P 500 ETF Trust SPY , a exchange-traded fund that tracks the S&P 500 SPX, was recently trading down 3.8 %. The VIX was up 22% to 42.80. — Laura Mandaro
http://blogs.marketwatch.com/thetell/20 ... is-market/
wow, congrats cobra. u r on marketwatch now (which is owned by wsj)
good observation and nice article
This is the first of many placed Cobra will get featured. I KNOW IT! CONGRATS SIR!!!
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:29 am
by Cobra
no good, the 3rd test has higher chances to breakdown. The pattern, overall, looks like a Descending Triangle.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:32 am
by soku
Mr. BachNut wrote:soku wrote:
wow, congrats cobra. u r on marketwatch now (which is owned by wsj)
good observation and nice article
grumbles. The mainstream media has a way of poisening good things. If the TV and magazines start chattering about Cobra, things will get weird.
well, u make me imagine cobra on cnbc, with his chinese face and superman outfit.
wow when is the last time i saw a guy put his underwear outside on tv
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:32 am
by 99er
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:34 am
by pablorynx
Cobra wrote:no good, the 3rd test has higher chances to breakdown. The pattern, overall, looks like a Descending Triangle.
Cobra, have you ever considered incorporating intraday breadth measures to aid in your pattern recognition? I'm seeing less negative breadth on this last retest of intraday lows.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:34 am
by silicon_beaver
Cobra wrote:no good, the 3rd test has higher chances to breakdown. The pattern, overall, looks like a Descending Triangle.
spy chart
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:36 am
by Cobra
still looks like a Descending Triangle. Now with European market closed, let's see where US gangs lead the market to.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:38 am
by 99er
Arguably the only chart that matters today.
EURUSD
http://99ercharts.blogspot.com/2011/08/eurusd_10.html
Good luck.
Pivot points
Posted: Wed Aug 10, 2011 11:38 am
by Out of Bounds
S1 is 112.66 on SPY. S2 is 107.85.
Pivot is 115.08
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:39 am
by luckystar2006
pablorynx wrote:Cobra wrote:no good, the 3rd test has higher chances to breakdown. The pattern, overall, looks like a Descending Triangle.
Cobra, have you ever considered incorporating intraday breadth measures to aid in your pattern recognition? I'm seeing less negative breadth on this last retest of intraday lows.
I believe that incorporating market breadth indicators into intraday 5-min chart is often quite misleading. Reading a chart pattern with supports & resistance levels is a more reliable way.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:41 am
by Tabby
soku wrote:Mr. BachNut wrote:soku wrote:
wow, congrats cobra. u r on marketwatch now (which is owned by wsj)
good observation and nice article
grumbles. The mainstream media has a way of poisening good things. If the TV and magazines start chattering about Cobra, things will get weird.
well, u make me imagine cobra on cnbc, with his chinese face and superman outfit.
wow when is the last time i saw a guy put his underwear outside on tv
No more talks about washroom or lunch breaks. He will be very serious man.May I have your autograph before you become berry berry famous?
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:42 am
by Cobra
pablorynx wrote:Cobra wrote:no good, the 3rd test has higher chances to breakdown. The pattern, overall, looks like a Descending Triangle.
Cobra, have you ever considered incorporating intraday breadth measures to aid in your pattern recognition? I'm seeing less negative breadth on this last retest of intraday lows.
chart pattern is more reliable.
all are derived from chart, right? So theoretically, nothing is better than chart price itself.
I used to use lots of breadth, such as AD, TICK, TRIN etc, I didn't see any edge from them.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:44 am
by Orbiter1
DAX-Index, Germany closed a few minutes ago nearly 5% down. This was the 11th day loss in a row. Unbelievable.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:46 am
by StrikePrice
I think you got to say that's pretty cool. And with all the pundits out there who aren't half as knowledgeable as Cobra blabbing on TV or thestreet.com (anyone remember Lenny Dykstra?) Cobra deserves some credit from a respected Media Source like MarketWatch/WSJ (my sister worked there in late 90s and said they were way better than Forbes.com)
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:46 am
by Mr. BachNut
For what it's worth, I find myself watching the VIX a lot. If it makes new highs, things look more and more like 2008 with market dealing with systemic crisis.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:53 am
by Dow Trader
For ES traders ( big move is comming )
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:53 am
by StrikePrice
Cobra,
I also wanted to say how refreshing it is how humble you are.
Back to technicals, breaking and putting in a Swing Low above the EMA 110 on the 1-Minute is still my trigger for any short-term long trade like the pop yesterday where I at least caught half of it.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:54 am
by KENA
Have we put in a bottom during the last hr.I guess wait and see. Anyway it is time for workout.
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:54 am
by silicon_beaver
metals swing back. they were red in yesterday early morning. silver up. EXK, SVM, SLW...
Re: 08/10/2011 Intraday Watering
Posted: Wed Aug 10, 2011 11:54 am
by uempel
newbie_77 wrote:uempel wrote:Let's see if the blue wedge will work:
The attachment SPX19.png is no longer available
that means either we breakout to the upside or the downside ... is that correct?
Newbie, a bullish wedge points to the downside (see the blue one), bearish to the upside. Chartschool at stockcharts.com might be something for you, and buy TA of the Financial Markets by John Murphy or TA Explained by Pring. Without carefully reading these books TA makes no sense...