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07/29/2011 Intraday Watering

Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 11:39 am

close like this, chances are Cobra Impulse System would ask you to cover as the low was detected. The system will switch to buy back test mode to try bottom fish.
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Re: 07/29/2011 Intraday Watering

Postby shumushu » Fri Jul 29, 2011 11:41 am

didn't it just go short yesterday?
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Re: 07/29/2011 Intraday Watering

Postby BullBear52x » Fri Jul 29, 2011 11:42 am

Liquidity detection, need to print more money here, getting a little dry...DBV here, watch CMF on SPY daily chart once that drop below 0. longer term bearish is confirmed.
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Re: 07/29/2011 Intraday Watering

Postby KENA » Fri Jul 29, 2011 11:53 am

Have to leave in about 20 min to take the wife to the clinic in Seattle for her check up.Taking my lap top today to check mkt while i'm waiting.Have a good weekend,see you next week.
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Re: 07/29/2011 Intraday Watering

Postby 99er » Fri Jul 29, 2011 11:57 am

Over the last week, big banks and companies have withdrawn $37.5 billion from money market funds that invest in Treasury debt and other ultra-safe securities, the biggest weekly drop this year. Meanwhile, in the vast market for repurchase agreements, in which many financial firms make short-term loans to one another, borrowers are beginning to demand higher yields.

In the first three days of this week, investors pulled $17 billion from funds that invested only in government securities, a reversal of the daily inflows of $280 million for much of July, said Peter Crane, the president of Crane Data, which tracks money market mutual funds.

http://dealbook.nytimes.com/2011/07/28/ ... mode=print
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 11:58 am

shumushu wrote:didn't it just go short yesterday?


you mean CIS? yes, but it's a machine it doesn't care as long as bottom condition detected, it'll cover.

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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 12:03 pm

multiple support here.
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Re: 07/29/2011 Intraday Watering

Postby oldpigwang » Fri Jul 29, 2011 12:05 pm

Cobra: I think today's low or a bite higher low will be tested again, since MACD/ RSI no positive divergency yet.
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Re: 07/29/2011 Intraday Watering

Postby agnosia » Fri Jul 29, 2011 12:07 pm

looks like we are going back to mid-point of today's range on /es @1290 ?
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 12:16 pm

no comment.
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Re: 07/29/2011 Intraday Watering

Postby StrikePrice » Fri Jul 29, 2011 12:16 pm

EMA110 has been an amazing MA to watch this Bull Market.
Anyway, 50% retrace is right at Open Range Breakout. Let's keep an eye what happens at that area.
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Re: 07/29/2011 Intraday Watering

Postby RocsInvestmentAcct » Fri Jul 29, 2011 12:19 pm

Volatility Index (VIX) spike up at open closed its open gap in the 25.50 area and now with the market off its lows the Nasdaq has closed the gap down.

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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 12:24 pm

not clear how to measure bump-and-run target, seems the tinted area is the way.
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Re: 07/29/2011 Intraday Watering

Postby 99er » Fri Jul 29, 2011 12:40 pm

Step right up...A ringside seat:

http://talkingpointsmemo.com/wires/live ... _wire.html

Clowns.
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 12:41 pm

I agree the morning low will be revisited sometimes later, not necessarily today, even we close strong today as the reversal seems too sharp and happened too early before no one got panic so very difficult to push up (no wash up so the resistances are strong).
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Re: 07/29/2011 Intraday Watering

Postby feibingjia » Fri Jul 29, 2011 12:43 pm

Ban zhang, does the top of bump-and-run have to be a round top?
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Re: 07/29/2011 Intraday Watering

Postby 99er » Fri Jul 29, 2011 12:45 pm

Fearful?

(Reuters) - Daredevils in red jumpsuits can teeter around the outside edge of Canada's tallest structure next month as the CN Tower opens a new attraction for thrill-seekers and those wanting to overcome fear.

http://www.reuters.com/article/2011/07/ ... 2G20110728
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 12:45 pm

feibingjia wrote:Ban zhang, does the top of bump-and-run have to be a round top?
Thanks!


don't understand your question. the bump-and-run was over already.

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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 12:50 pm

oldpigwang wrote:Cobra: I think today's low or a bite higher low will be tested again, since MACD/ RSI no positive divergency yet.


agree.

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Re: 07/29/2011 Intraday Watering

Postby feibingjia » Fri Jul 29, 2011 12:52 pm

Cobra wrote:
feibingjia wrote:Ban zhang, does the top of bump-and-run have to be a round top?
Thanks!


don't understand your question. the bump-and-run was over already.


was it over already? hmmm...it's not as scary as what your textbook chart shows then...
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