01/06/2012 Intraday Watering

[Cobra]

a little support here, let's see.

Cobra, this looks like bull flag, no?

too big to be a flag anymore. it's either ABC up or ABC down, not sure if you understand what I'm trying to say here.

[BullBear52x]

ooopz bears someone really think we are heading higher, me no buying it.

[Tabby]

For the wave traders i understand that if the hi is now in then we are in the wave 3 dn which will be wicked to the dn side. If we break this top and go to 1292 is the exception but then after that wave 3 will be in for the big move dn.

After minor wave 3 is minor wave 4 and top of minor wave 1 is 1285 and minor wave 4 can not overlap minor wave 1. We are totally in different waves.
If this the path we are talking, we should go to the moon 1315 bebore wave major 3 ends. Bachnut posted a chart which negative div. in NYMO with all maket push up.
I 'll be watching Cobra's signal intraday, it is more accurate.

[Cobra]

a little support here, let's see.

Cobra,it's a treading water day.

what do you mean "treading water"?

[noob]

a little support here, let's see.

Cobra, this looks like bull flag, no?

too big to be a flag anymore. it's either ABC up or ABC down, not sure if you understand what I'm trying to say here.

Im guessing ABC up from the morning low, ABC down from the pre open high on es? I am leaning toward the former.

[Tabby]

For the wave traders i understand that if the hi is now in then we are in the wave 3 dn which will be wicked to the dn side. If we break this top and go to 1292 is the exception but then after that wave 3 will be in for the big move dn.

After minor wave 3 is minor wave 4 and top of minor wave 1 is 1285 and minor wave 4 can not overlap minor wave 1. We are totally in different waves.
If this the path we are talking, we should go to the moon 1315 bebore wave major 3 ends. Bachnut posted a chart which negative div. in NYMO with all maket push up.
I 'll be watching Cobra's signal intraday, it is more accurate.

BTW, since 2 was complex and sharp, 4 should simple correction and flat if we are going to moon for minor wave 3 ending 1292-1300+.

[BullBear52x]

OK here for all you evil, this is what I am looking for to confirm my weekend holding.

[dumamay]

a little support here, let's see.

Cobra,it's a treading water day.

what do you mean "treading water"?

Going nowhere for extended periods(hours) of time.

[Cobra]

since this rebound is 2 legged, so now we can safely say this might be an Ascending Triangle in the forming. The chart is just in order to show the Ascending Triangle, doesn't mean I think the market would go exactly like this.

[johnnywa]

Watch em pump this at 3:15 hard up

[ddd]

The daily horizontal resistance is very strong. But, like consolidating around a support is often bearish, waiting for break down, consolidating around the resistance should be bullish, waiting for break out to the up side.

What is the upside target of SPY on daily chart if breaking out indeed, around 140ish?

[stepture]

Hi Cobra, do you have any documents for option? Can you point me to it? I am fresh new for option and appreciate any advice from you to start my learning. Many thanks.

no, I don't trade option. option add another complicated layer to already complicated trading. I prefer the simpler the better. If you're not very very experienced, I don't recommend option.

Thanks a lot for your advice.

[BullBear52x]

I Joke Here's alook at A/D, if you are not convinced you deserve to lose money.

[Cobra]

you can also see it as Symmetrical Triangle and even more clear on RSP an Ascending Triangle. Either way, the bias is now a little bit clear on the upside.

[SB73]

since this rebound is 2 legged, so now we can safely say this might be an Ascending Triangle in the forming. The chart is just in order to show the Ascending Triangle, doesn't mean I think the market would go exactly like this.

Looks as if we will get that green NFP close in the end.

[stucap]

since this rebound is 2 legged, so now we can safely say this might be an Ascending Triangle in the forming. The chart is just in order to show the Ascending Triangle, doesn't mean I think the market would go exactly like this.

bulls are so greedy that they don't even want to let it touch the trendline before up up up up up up up.

[Al_Dente]

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=RG7fPmzxZug

[waverider]

I Joke Here's alook at A/D, if you are not convinced you deserve to lose money.

lol, nice one BB

[BullBear52x]

I Joke Here's alook at A/D, if you are not convinced you deserve to lose money.

lol, nice one BB

if you are not convince, here waiting for VIX haahahahaaaa I have too much time

[BullBear52x]

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=RG7fPmzxZug

am I a criminal now Dr. Al