Back to www.cobrasmarketview.com

04/18/2011 Intraday Watering

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/18/2011 Intraday Watering

Post by Cobra »

pullback as I said. now let's see how the rebound goes.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
jamesmith
Posts: 152
Joined: Mon Feb 14, 2011 12:17 pm

Re: 04/18/2011 Intraday Watering

Post by jamesmith »

Cobra wrote:if no bear counterstrike here, well, I don't know what to say other than soooooooooooooooooooooo disappointed in bears.
IM SOOOOOOOOOOOOOOOOO DISAPPOINTED IN BEAR RIGHT NOW !!!!!!!!!!!!!! I SWEAR. :?
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/18/2011 Intraday Watering

Post by cletus »

Cobra wrote:if no bear counterstrike here, well, I don't know what to say other than soooooooooooooooooooooo disappointed in bears.

I made huge profits as a bear today. No disappointment here. Bottom line, the trend WAS down on Friday based on my model (which always properly defines the trend), and it remains down for now.
ActiveTrader
Posts: 64
Joined: Tue Feb 15, 2011 6:54 pm

Re: 04/18/2011 Intraday Watering

Post by ActiveTrader »

From now on, I guess we should treat everyday as a range bound day regardless whether we have a huge gap or down. Trend days are obviously banned on Wall Street. Trends on the ES only occur in after hours. :mrgreen:
rptrader
Posts: 31
Joined: Fri Apr 08, 2011 11:16 am

Re: 04/18/2011 Intraday Watering

Post by rptrader »

Today's break down shake off some my sina call before break out.
Hold VXX, sell into close.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/18/2011 Intraday Watering

Post by Cobra »

the assault is just way too strong, I don't know what to say, bears are soooooooooooooo weak.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 04/18/2011 Intraday Watering

Post by agnosia »

damn bears suck! i guess we are headed to the 50% retrace, /es 1305 and 20 ema on the hourly.
StrikePrice
Posts: 770
Joined: Wed Mar 30, 2011 1:27 pm

Re: 04/18/2011 Intraday Watering

Post by StrikePrice »

i'm sensing the need for some patience here...

we can't just cruise to 1250, but we're on our way.

Let's all enjoy the waves...
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/18/2011 Intraday Watering

Post by Cobra »

Qs are still fighting, bears are not over yet, although I'm very disappointed by out of most shorts.
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 04/18/2011 Intraday Watering

Post by 99er »

SPX
Back test complete; H&S pattern confirmed.
http://99ercharts.blogspot.com/2011/04/spx_2200.html
Target of 1266.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/18/2011 Intraday Watering

Post by Cobra »

look at what happened all the way down. simply every dip was being bought. yes, the market keeps having lower low. so I guess bears here need patience, a lot patience here.
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/18/2011 Intraday Watering

Post by Cobra »

here's the rebound target, not only the phantom bar points there, but also it's fib confluences area plus moving average resistance.
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
StrikePrice
Posts: 770
Joined: Wed Mar 30, 2011 1:27 pm

Re: 04/18/2011 Intraday Watering

Post by StrikePrice »

Cobra wrote:look at what happened all the way down. simply every dip was being bought. yes, the market keeps having lower low. so I guess bears here need patience, a lot patience here.
Today is similar to 3/14, that was a Monday as well. So will we see the same the next two days as 3/15 and 3/16?

Well that'd scare me if I was long...
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/18/2011 Intraday Watering

Post by cletus »

Cobra wrote:here's the rebound target, not only the phantom bar points there, but also it's fib confluences area plus moving average resistance.
No double bottom but we could see another drop tomorrow and then form a bear flag or rising wedge that peaks up to that target.
maldini
Posts: 135
Joined: Mon Feb 14, 2011 1:12 pm

Re: 04/18/2011 Intraday Watering

Post by maldini »

Cobra wrote:look at what happened all the way down. simply every dip was being bought. yes, the market keeps having lower low. so I guess bears here need patience, a lot patience here.
:D
//can't agree more
User avatar
Travelfrog
Posts: 102
Joined: Wed Feb 16, 2011 4:08 pm
Contact:

Re: 04/18/2011 Intraday Watering

Post by Travelfrog »

uempel wrote:
Travelfrog wrote:Had a Phantom Bar this am on FTSE 100 at 10.07am

Phantom Bar High 6064
Phantom Bar Close 5961
Difference 103 points
5961-103 = 5858

Low today = 5858

Have spotted this in the past on the S&P. The Phantom Bars appear to be intentional and an indication to those in the know of where the price is going for the day.
--------------------------------------------------------------------------------
Travelfrog, do you have a FTSE chart with the Phantom Bar? I'd like to have a look. Thanks.
Uempel,
Sorry, wifes car broke down, just got back home. I use Prorealtime charts and I asked them straight away to correct it ASAP as they mess up your indicators and moving averages. The charts are now corrrect without phantom bar. However, someone using iii java charts told me the bar was still there.
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 04/18/2011 Intraday Watering

Post by KENA »

OK all you traders... I went double down near the bottom on spy long. H ad a good day. When there is high Liquidity in the mkt. It will not go down. So buy today for tomorrow. Enough said.( PS.. Wait until July to be real real bearish)
User avatar
Travelfrog
Posts: 102
Joined: Wed Feb 16, 2011 4:08 pm
Contact:

Re: 04/18/2011 Intraday Watering

Post by Travelfrog »

Can someone please post the details of the phantom bar minute on the SPY. The phantom bar does not appear on my SPX charts.

Phantom high
High
Close
Low

Am interested to see if it has any bearing on todays action.
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 04/18/2011 Intraday Watering

Post by KENA »

Travelfrog wrote:Can someone please post the details of the phantom bar minute on the SPY. The phantom bar does not appear on my SPX charts.

Phantom high
High
Close
Low

Am interested to see if it has any bearing on todays action.
I wood not trade based on phantom bars. Go by the mkt daily /Hourly trend.
User avatar
shumushu
Posts: 315
Joined: Thu Feb 17, 2011 1:09 pm
Contact:

Re: 04/18/2011 Intraday Watering

Post by shumushu »

I never really understood the phantom bar and the definition on google varies. Anyone with experience can tell me what it implies and what is the reason for such an abrupt burst in price.
Post Reply