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04/25/2011 Intraday Watering

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BullBear52x
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Re: 04/25/2011 Intraday Watering

Post by BullBear52x »

Look hourly and 1min. something about to give here, Me think.
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bbc
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Re: 04/25/2011 Intraday Watering

Post by bbc »

jde77tex wrote:Cobra... can you comment on what your thoughts are currently on VXX? The VIX is up 7% and yet the VXX is down 1.7%??
Thanks for any input.
lack of arbitrages as there is no physical or synthetic vix index.
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BullBear52x
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Re: 04/25/2011 Intraday Watering

Post by BullBear52x »

ES is back down below upper wedge line few hours now.
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MajorEasy
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Re: 04/25/2011 Intraday Watering

Post by MajorEasy »

didn't learn from last trade
short ES again
the market's goal is to distribute the wealth of many to as few hands as possible
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

jde77tex wrote:Cobra... can you comment on what your thoughts are currently on VXX? The VIX is up 7% and yet the VXX is down 1.7%??
Thanks for any input.
don't trade VXX, it's nothing to do with VIX. If you can short VXX, maybe that's a good idea, just hold it and let it drop to zero.

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luckystar2006
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Re: 04/25/2011 Intraday Watering

Post by luckystar2006 »

WesMantooth wrote:
Cobra wrote:ok, breakout as I said. here's 100% measured move target.
I've only been watching you for a few weeks, but from what I've seen, you are absolutely ridiculous at analyzing the market. Do you put any weight to what the VWAP is doing?

Nice call yet again!
Cobra's view of market analysis is not perfect and nobody is perfect anyway. Calling his work "ridiculous" showing you have no appreciation of his hard work, yet POORLY understanding of technical analysis and other aspects; therefore making such a comment like that on here shows very much of your poor attitude, but yet funny thing is you are still here to cling like a leech.
I've been a MOMENTUM trader over a decade & I only trade setups ranging from scalping, day or swing trading for living. My posts on here are ONLY FOR FUN & therefore not recommending anything to anyone. GLTA.
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

critical time. pullback to the original consolidation area is a very normal pattern, but now it's bull's turn. usually should be a rebound somewhere around there to test the afternoon high then we'll see.
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

WesMantooth wrote:
Cobra wrote:ok, breakout as I said. here's 100% measured move target.
I've only been watching you for a few weeks, but from what I've seen, you are absolutely ridiculous at analyzing the market. Do you put any weight to what the VWAP is doing?

Nice call yet again!
I read only chart pattern so, no, I don't pay any attention to vwap. Any tips for using vwap? I know lots people like vwap.

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cletus
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Re: 04/25/2011 Intraday Watering

Post by cletus »

Cobra wrote:
WesMantooth wrote:
Cobra wrote:ok, breakout as I said. here's 100% measured move target.
I've only been watching you for a few weeks, but from what I've seen, you are absolutely ridiculous at analyzing the market. Do you put any weight to what the VWAP is doing?

Nice call yet again!
I read only chart pattern so, no, I don't pay any attention to vwap. Any tips for using vwap? I know lots people like vwap.
I think when he uses the word "ridiculous" it's a compliment, like "you're ridiculously good".
WesMantooth
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Re: 04/25/2011 Intraday Watering

Post by WesMantooth »

I meant ridiculous in the "absurd" sense of the word b/c he is right so much. Hence the last sentence.
MajorEasy
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Re: 04/25/2011 Intraday Watering

Post by MajorEasy »

out --- neutral now took a half point profit
the market's goal is to distribute the wealth of many to as few hands as possible
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

WesMantooth wrote:I meant ridiculous in the "absurd" sense of the word b/c he is right so much. Hence the last sentence.
yes, I know. :lol:

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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

OK, rebound to test the afternoon high as I said, but, there's a but here, the rebound doesn't have to make a higher high or even close to the previous high, it could fail at any point if there're really some bears around. For now, I'll call that we'll see a small higher high at least.
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soku
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Re: 04/25/2011 Intraday Watering

Post by soku »

it is ridiculous. :D
we may go down, like 3 points to 1329 es. this market is so boring.
The goal is not uniformity. It is understanding and idea exchange.
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

too bad, wrong bet. now let's see if the next blue line could hold.
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

luckystar2006 wrote:
WesMantooth wrote:
Cobra wrote:ok, breakout as I said. here's 100% measured move target.
I've only been watching you for a few weeks, but from what I've seen, you are absolutely ridiculous at analyzing the market. Do you put any weight to what the VWAP is doing?

Nice call yet again!
Cobra's view of market analysis is not perfect and nobody is perfect anyway. Calling his work "ridiculous" showing you have no appreciation of his hard work, yet POORLY understanding of technical analysis and other aspects; therefore making such a comment like that on here shows very much of your poor attitude, but yet funny thing is you are still here to cling like a leech.
Well, thanks for defending me. much appreciated. :D

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WesMantooth
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Re: 04/25/2011 Intraday Watering

Post by WesMantooth »

Cobra wrote:
WesMantooth wrote:
Cobra wrote:ok, breakout as I said. here's 100% measured move target.
I've only been watching you for a few weeks, but from what I've seen, you are absolutely ridiculous at analyzing the market. Do you put any weight to what the VWAP is doing?

Nice call yet again!
I read only chart pattern so, no, I don't pay any attention to vwap. Any tips for using vwap? I know lots people like vwap.
I use the VWAP for intraday trades. It serves as confirmation – as long as SPY is trading above the VWAP, I usually give the rally the benefit of the doubt. If it crosses the VWAP to the downside, I will short with a stop at the VWAP (it’s amazing used as support/resistance).

Use it on an intraday 1 minute time frame. It is a powerful compliment to traditional chart reading.
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

should be rebound of some kind here. we'll see after that.
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Jennyahwu
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Re: 04/25/2011 Intraday Watering

Post by Jennyahwu »

Cobra, I remember you say it should close red in this Monday, how about the rest of days in the week? thanks ad.
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Cobra
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Re: 04/25/2011 Intraday Watering

Post by Cobra »

WesMantooth wrote: I use the VWAP for intraday trades. It serves as confirmation – as long as SPY is trading above the VWAP, I usually give the rally the benefit of the doubt. If it crosses the VWAP to the downside, I will short with a stop at the VWAP (it’s amazing used as support/resistance).

Use it on an intraday 1 minute time frame. It is a powerful compliment to traditional chart reading.
Thanks. I'll do research.

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