11/01/2011 Intraday Watering

[Petsamo]

So far it's looking like a buy-the-intraday-dip day.

[stocksage]

I added to my aapl position on this pullback. aapl is going to 500 next year. It is way too cheap.

[jarbo456]

starting to look like more than just a rebound.

[L_T]

Mr Bachnut: are you willing to share how you come up with "Odds favor a test of some kind on last Thursday's high as soon as the overbought condition is cleared (a NYMO around 0 would do the trick)" ?

[Al_Dente]

Internals…. one minute SPY, where I spend most of my time
VIX and TICK describe a pullback….maybe more
But keep an eye on NYDEC still monster bear 2540
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PS: Thanks to all usually silent lurkers, who come on board to show Cobra some love

[BullBear52x]

so far so good with this analog right?

Speaking of disrespect…..
I do recall that over the last few days/weeks…I may have called you a name or two that perhaps wasn’t toooo complimentary…... http://www.youtube.com/watch?v=D1wLGlMI ... re=related

Thanks Al. I wasn't that bad of a guy after all huh? well, there are few bad things here but far less than good that I gain from. Cobra shared his love and knowledge day in and day out people still bad mouth him, who am I to complain?

[jarbo456]

and i'm starting to wonder if this market is broken enough to fill a 3% gap down morning.

[ultramarine]

and i'm starting to wonder if this market is broken enough to fill a 3% gap down morning.

I think it might do so by tomorrow. FOMC is usually pretty positive anyway.

[waverider]

So far it's looking like a buy-the-intraday-dip day.

I'm thinking sell the rip, keeping an eye on DAX, intraday double top is on the table.

[zipper]

starting to look like more than just a rebound.

Traders look at the FTSE, the revival is starting from there and is feeding or other markets.
I think 1232 at least
just my 2 cents

[Al_Dente]

so far so good with this analog right?

Speaking of disrespect…..
I do recall that over the last few days/weeks…I may have called you a name or two that perhaps wasn’t toooo complimentary…... http://www.youtube.com/watch?v=D1wLGlMI ... re=related

Thanks Al. I wasn't that bad of a guy after all huh? well, there are few bad things here but far less than good that I gain from. Cobra shared his love and knowledge day in and day out people still bad mouth him, who am I to complain?

http://www.youtube.com/watch?v=BISjFV69AdE

[Petsamo]

and i'm starting to wonder if this market is broken enough to fill a 3% gap down morning.

Maybe we're gonna give the DAX a hammer. Currently, it has a large tail.

[SB73]

Cobra great call this morning on being too stretched. Bears shaking again, but bull confidence looks to high. Looking for a pullback right here.

[rocstocktrader]

Stock market article from 10/25/11 relevant today: “Is The Market Ready To Bust Out Of Its Three Month Trading Range?

http://stk.ly/uS7sGk

[ricster3]

99er, your 1235 bounce target seems like money.. its the 20EMA on 5 min chart, too.

[Al_Dente]

Hey Al, as Cobra has informed us, it looks like his very overbought internals are coming through... I got excited when he said he had a bearish tone last night. Is this HOD?

Only the shadow knows…. and the internals, and the Cobra...

[jarbo456]

Cobra great call this morning on being too stretched. Bears shaking again, but bull confidence looks to high. Looking for a pullback right here.

not shaking yet - just amazed (as usual) with how the bulls can grind 2 SPY handles higher on a rebound, and the bears can't even more than a few bps on a rebound.

low of 121.42 and in about 75 minutes trades to 123.43...and they make it look SO EASY! lol

[gibbledygook]

Where is Mr Draghi? 10 YEAR ITALIAN GOVIE YIELDS UP NEARLY 4% http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
TED SPREAD DOWN NEARLY 2% http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND

[KENA]

COBRA..Thanks for your work..I was to busy trading this morn. to say anything.You have a good evening report And no matter what you say I take it to heart..In the end all traders may add to your report in there own mind and trade accordenly..Keep up the good work we appreciate it. There should be no bashing.We need all the help we can get.

[gxcar]

Where's the amazon link? I want to buy a book today out of appreciation!