03/29/2011 Intraday Watering

[stocksage]

Market is reacting well to bad events, shouldn't that tell you something?

That's because retailers are buying like crazy as they refuse to believe something bad is cooking. We'll see.

Refuse to believe something bad is happening? Housing falling, international strife, oil prices high. I think people see those things and it affects them and they see plenty of bad.

Doesn't matter with regard to the market.

Look at corporate profits, Stimulus, interest rates. Sure we may have some minor pullbacks but the real money has been made long since 2009. We won't have another mortgage financial instition meltdown for a looog time. Those assets have been written off.

[Cobra]

Educaitonal Only, Short NFLX here.

I like shorting NFLX...I may waite for a bit...Don't need to hurry when it goes dn we will have time to get in.

The only reason to short NFLX is the stop loss is easy to set as it's very close to the previous high. Generally, I'd avoid shorting stocks this strong, too risky.

[BullBear52x]

re-read your favorite tech's book, where is good risk reward to buy or sell and looki here.....

[Cobra]

Refuse to believe something bad is happening? Housing falling, international strife, oil prices high. I think people see those things and it affects them and they see plenty of bad.

Doesn't matter with regard to the market.

Look at corporate profits, Stimulus, interest rates. Sure we may have some minor pullbacks but the real money has been made long since 2009. We won't have another mortgage financial instition meltdown for a looog time. Those assets have been written off.

Well, doesn't matter which one to believe. I long this market as I clearly reported.

But there's a huge difference this year and last year I've noticed on my Chinese forum. Last year, whenever the market dropped, people were yelling for the end of the world, but this year, whenever the market drops, people are yelling for a new high and YES WE CAN. I think I've shown enough evidences recently that now retailers are very very bullish.

[AK84]

Hi,

I think UEMPEL is the owner of this chart ?

http://stockcharts.com/h-sc/ui?s=$CPCE& ... =202131234

Could you please update it ...seems like a long signal was issued!

Thanks

[Cobra]

re-read your favorite tech's book, where is good risk reward to buy or sell and looki here.....

Hmm, looks bearish.

[Cobra]

Hi,

I think UEMPEL is the owner of this chart ?

http://stockcharts.com/h-sc/ui?s=$CPCE& ... =202131234

Could you please update it ...seems like a long signal was issued!

Thanks

It's not uempel's chart.

[99er]

/DX
Go Bucky!
http://99ercharts.blogspot.com/2011/03/dollar_29.html

[BullBear52x]

On the other hands look at my magic market, she got some strenght now, all pointing up, but before further run 200ma must revisit, so game plan short here and cover there and wait for buy signal entry.

[AK84]

Hi,

I think UEMPEL is the owner of this chart ?

http://stockcharts.com/h-sc/ui?s=$CPCE& ... =202131234

Could you please update it ...seems like a long signal was issued!

Thanks

It's not uempel's chart.

Oh....I thought it was ....someone posted it on your blog ages ago ! cant remember who biut its very nice and reliable!

[stocksage]

Refuse to believe something bad is happening? Housing falling, international strife, oil prices high. I think people see those things and it affects them and they see plenty of bad.

Doesn't matter with regard to the market.

Look at corporate profits, Stimulus, interest rates. Sure we may have some minor pullbacks but the real money has been made long since 2009. We won't have another mortgage financial instition meltdown for a looog time. Those assets have been written off.

Well, doesn't matter which one to believe. I long this market as I clearly reported.

But there's a huge difference this year and last year I've noticed on my Chinese forum. Last year, whenever the market dropped, people were yelling for the end of the world, but this year, whenever the market drops, people are yelling for a new high and YES WE CAN. I think I've shown enough evidences recently that now retailers are very very bullish.

I see lots of bears here

[alwzopn]

Hi Cobra,

Your two predictions for today were conflicting each other.

Yesterday engulfing candle stick means up day today.
Based on ISI equity only reading, down day today.

Which one to follow?

Thanks.

[uempel]

AK84, Cobra's right, it ain't my chart. Here my good-bye chart for today:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

[Cobra]

I see lots of bears here

My blog is always full of bearish comments but it doesn't represent all. I think you don't believe the chart I posted this morning, perhaps I shouldn't post the one below either.

[Cobra]

Hi Cobra,

Your two predictions for today were conflicting each other.

Yesterday engulfing candle stick means up day today.
Based on ISI equity only reading, down day today.

Which one to follow?

Thanks.

I didn't say ISEE equities only index means a down day today. I just said that retailers are way too bullish.

[Cobra]

I see lots of bears here

By the way, why bearish comments are more common those days? Because if you long, you're mostly satisfied therefore find no need to read any market analysis or report. See chart below, the visits to my Chinese forum, see the peak? Yes, that's the market bottom. Coincidences? Well, it's been happening for many many years.

[Cobra]

This kind of consolidation is bullish.

[EkOnkaar]

Cobra,

I am anticipating SPX 1333 or thereabouts before the corrective move..We shal see..

Ek

[BullBear52x]

I see lots of bears here

By the way, why bearish comments are more common those days? Because if you long, you're mostly satisfied therefore find no need to read any market analysis or report. See chart below, the visits to my Chinese forum, see the peak? Yes, that's the market bottom. Coincidences? Well, it's been happening for many many years.

Cobra, from that same chart, looks like you got trend peak change to down curve, how do you read that? bullilsh bearish or some new change about to occured? nice graph of sentiments.

[uempel]

I see lots of bears here

By the way, why bearish comments are more common those days? Because if you long, you're mostly satisfied therefore find no need to read any market analysis or report. See chart below, the visits to my Chinese forum, see the peak? Yes, that's the market bottom. Coincidences? Well, it's been happening for many many years.

Great chart!