10/04/2011 Intraday Watering

[Cobra]

cobra,

could it potentially be a double top too?

need a breakdown to confirm, to early to tell.

[Cobra]

multiple supports here. as long as it hold, the pattern is still bullish. even a breakdown, I still see one more push high.

[Cobra]

oh, one more scary thing for bear:

shorting is prohibited...

[Cobra]

neckline support. cannot breakdown, then it's still consolidation, therefore bullish. cannot decisively breakdown, not as bullish as consolidation but still one more push up is likely. the only thing good for bears is decisively breakdown.

[jarbo456]

hope the 1 minute SPY 200MA acts as support again. would be nice.

[yellowreign]

Cobra, it seems like you're saying that we reached a short term bottom (and will go up now for a few days), but in the intermediate term will go down again. Am I right? I say that because earlier you say that a day like yesterday calls for another test of that low, but on the last two pages you're talking bullish.

Somewhat confused about those two thoughts (mention of yesterday should be followed with another low day), and the recent mentions of bullish signs.

neckline support. cannot breakdown, then it's still consolidation, therefore bullish. cannot decisively breakdown, not as bullish as consolidation but still one more push up is likely. the only thing good for bears is decisively breakdown.

[agnosia]

you guys are nuts the bears have owned this tape for months.. remember yesterday we had a 70 point drop in the /es ??? lol.

[jaijailyc]

agnosia, I went back to the bear side already xD .. ur not alone

[Cobra]

Cobra, it seems like you're saying that we reached a short term bottom (and will go up now for a few days), but in the intermediate term will go down again. Am I right? I say that because earlier you say that a day like yesterday calls for another test of that low, but on the last two pages you're talking bullish.

Somewhat confused about those two thoughts (mention of yesterday should be followed with another low day), and the recent mentions of bullish signs.

neckline support. cannot breakdown, then it's still consolidation, therefore bullish. cannot decisively breakdown, not as bullish as consolidation but still one more push up is likely. the only thing good for bears is decisively breakdown.

what I'm talking here is purely intraday pattern. don't confuse with my night's report.

[agnosia]

bought more TZA... bear attack.

[soku]

ahead of aapl event:
news says 1:00 est, aapl to have iphone event which is in my game plan. if it is ip5, all plans on. if it is just ip4 upgrade, i will close out.

grab some wings and rush back to office. tim cook still on screen. is it just ip4s? damn it

[zazusays]

agnosia, I went back to the bear side already xD .. ur not alone

I also went back to the bear camp. I am looking for 1050 on the spy before selling....

[davros]

the volume on this morning push up on es, zzzzzzzz, nobody interested

[Cobra]

Double Top target. too late is seems because I need time to draw chart and then input comment.

[Cobra]

volume surge, so could be a rebound of some kind. Here's my plan, almost the original one. I still like to give bulls more credit - one more try on new high at least.

[99er]

SPX
A Doji kind of day.
http://99ercharts.blogspot.com/2011/10/spx_3137.html

[soku]

ip 4s is already on japan website, to be launched 10/14.
In the U.S., iPod market share has been above 70 percent for a long time. Apple has sold more than 300 million units. Apple sold 45 million iPods in the past year ended in June. Half were the buyer's first iPod.

[waverider]

SPX respecting the mid channel, close.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =245250365

[Petsamo]

EWZ is usually a good predictor of where the markets will head, and it is breaking down.

[BullBear52x]

I got in at good spot so will not give up on bulls just yet, this last bar still green, if it turns red, there will be no but or is, BAIL!