12/02/2011 Intraday Watering

[jaijailyc]

now the third try to break the 1260 most likely it will get broken and next stop ? 1265? 1270?

Hopefully 1261 is the high for the day.

[Dow Trader]

Check Euro and forex price actions in the last 30 minutes

[pady]

Euro going down. Profit taking or smart money exit ?

[SB73]

One of my favorite indicators overbought RSI and overbought Stoch on 60 min chart has been saying cut the longs immediately. However, this indicator like so many works much better on the other side when both are oversold.

[bullybear]

Bear Tracks -- Euro falling out of bed -- indicies ready to roll over...

chart taken this am before the post morning monkey business

[cirrus]

A short term VIX bottom in the next day or two? So TVIX very soon.....

[Dow Trader]

15-minutes Euro

[DRL]

Financials (XLF) , Transports and small caps are all strong today.
Makes me question whether Start Green, close down on NFP will work today.

[newbie_77]

common earth ppl .. you gave up already... i spoke too soon i guess

now the third try to break the 1260 most likely it will get broken and next stop ? 1265? 1270?

??????

[jiufeite]

Hi Cobra,

VIX hits 200 day moving average. Do you think there will be a pullback for SPY? This week is really crazy!

[heavenskrow]

Longtime no see Cobra people.
Thought I would share something interesting. The inverse H+S target level coincided with the recent top intraday and made a bigger parallel channel.

[tdo722]

A short term VIX bottom in the next day or two? So TVIX very soon.....

I am with you. Check on the drink prices for all of us.

[Daryl906]

Hi Cobra

I already registered with your site and wish to express my thanks for your tremendous hard work and contribution. I am been lurking in this forum for a while and a newbie in TA. Lost a lot of money in the past and will hope to take it back (hopefully in this lifetime) with your help and the help of all the fellow contributors in this forum.

You see an active spot in Singapore in the google analytics? Yes, that's me.

[Xian]

uempel, how do you draw all those charts, where do you take all those circles from? no offense but I my opinion they are very confusing, and not sure if much reliable.

stockcharts java draws them, and to answer your second question: they are an application of Newtons 3rd law and they work perfectly, very reliable. See channels, Andrews Forks, Fib Bounces/Fans, grids... Most similar to Gann's rhomboids, but better.

Look at the arrow, ellipses showed yesterday that SPX was coming to this spot.

88.png

I agree that they seem to work VERY well, but Mr. Kandinsky were do we go at the fork in the road, uh, er ellipse?

[Al_Dente]

Can someone who watches UDN/UUP please post and explain its “non cooperation” with this rally.
Or, jarbo, eur/usd??
VIX spiking (now -5.3%)


PS: Thanks Uempel, as they say in the states “you already gave at the office” u know what I mean

[edit: thanks Dow Trader and others; just saw yr dollar and euro posts]

[soku]

eur in trouble. could be profit taking before weekend. European index gain 9% this week!

[uempel]

My charts show that a move could be imminent. Don't know about the direction.

[THAT GUY]

COBRA !!! you alive ?

[uempel]

uempel, how do you draw all those charts, where do you take all those circles from? no offense but I my opinion they are very confusing, and not sure if much reliable.

stockcharts java draws them, and to answer your second question: they are an application of Newtons 3rd law and they work perfectly, very reliable. See channels, Andrews Forks, Fib Bounces/Fans, grids... Most similar to Gann's rhomboids, but better.

Look at the arrow, ellipses showed yesterday that SPX was coming to this spot.

88.png

I agree that they seem to work VERY well, but Mr. Kandinsky were do we go at the fork in the road, uh, er ellipse?

For that you have to use other indicators, sto, macd, ppo, vix whatever. Ellipses only signal a move and the moment, in general no direction.

[tdo722]

uup made a higher high than 2 days ago. what does that mean?