03/30/2011 Intraday Watering

kbajestani · Post by **kbajestani** » Wed Mar 30, 2011 12:12 pm

Can anyone explain what is going on with IWM? It is behaving rather strangely. Is someone manipulating it?

Rezito · Post by **Rezito** » Wed Mar 30, 2011 12:14 pm

BullBear52x wrote:
Cobra wrote:
BullBear52x wrote: Awesome,Thanks.
The theory is: a strong up day, every sector should move in syn. Today apparently is not SO FAR.
You know what scares me the most is everyone is comfortable going longs over night, even a hard core bears. bad signs.

This is how they get those dip buyers to become complacent to setup a top. This way when the real top is in they keeping buying the dip and the pros will keep selling into those bounces. By the time they realize the top is in they'll sell at big losses which accellerates the selling more and then it's capitulation time before it all bottoms out.

But first they need everyone to believe that the market can't drop and if it does, buy the dip.

Dow Trader · Post by **Dow Trader** » Wed Mar 30, 2011 12:18 pm

Shorted ES at 1326 (scalping)

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 12:19 pm

kbajestani wrote:Can anyone explain what is going on with IWM? It is behaving rather strangely. Is someone manipulating it?

IWM is the hardest one to manipulate (everything is manipulate in some forms) this tells me that small cap is about to make yet a run. just guessing here.

Post by **Cobra** » Wed Mar 30, 2011 12:20 pm

Testing overhead resistance now.

uempel · Post by **uempel** » Wed Mar 30, 2011 12:21 pm

I'll be shorting SPX when it hits gridline, that's somewhere between 1329/1330. No big position, just as a DT.

jamesmith · Post by **jamesmith** » Wed Mar 30, 2011 12:22 pm

imagination is all bull need :mrgreen:

Post by **Cobra** » Wed Mar 30, 2011 12:31 pm

Volume surge, pink and green do not agree with the breakout, so my guess is a pullback of some kind here, the pullback shall fail eventually and the high will be retested. Let's see.

BullBear52x · Post by **BullBear52x** » Wed Mar 30, 2011 12:32 pm

Going strong still, yes volume!

DCS · Post by **DCS** » Wed Mar 30, 2011 12:33 pm

Cobra - Is your green line still aud:jpy, or did you change to a different currency?

Post by **Cobra** » Wed Mar 30, 2011 12:35 pm

DCS wrote:Cobra - Is your green line still aud:jpy, or did you change to a different currency?

Still aud:jpy

marketanthropology · Post by **marketanthropology** » Wed Mar 30, 2011 12:37 pm

hello cobra and friends. feedback welcomed.

http://www.marketanthropology.com/

uempel · Post by **uempel** » Wed Mar 30, 2011 12:46 pm

SPX playing around with wedges:

wave · Post by **wave** » Wed Mar 30, 2011 12:53 pm

Short at 1330.

KENA · Post by **KENA** » Wed Mar 30, 2011 12:59 pm

The Dow is only about 30 points or less from making a new high. Will it make it????????

KENA · Post by **KENA** » Wed Mar 30, 2011 1:02 pm

wave wrote:Short at 1330.

I am going to wait a little,little bit longer. For now back to my workout.

Post by **Cobra** » Wed Mar 30, 2011 1:04 pm

ChiOsc is a little too high now. My evil plan is in Jeopardy but still applies, let's see if any pullback from here.

alwzopn · Post by **alwzopn** » Wed Mar 30, 2011 1:07 pm

Cobra,

ISI readings doesn't seem have a statistical edge in predicting market direction.

AAII sentiment shows too many bears.

Post by **Cobra** » Wed Mar 30, 2011 1:12 pm

alwzopn wrote:Cobra,

ISI readings doesn't seem have a statistical edge in predicting market direction.

AAII sentiment shows too many bears.

ISEE, I agree. CBOE and ISEE are very difficult to use although sounds useful theoretically.

AAII too many bears? I think you're kidding.

uempel · Post by **uempel** » Wed Mar 30, 2011 1:14 pm

My nice little grid ain't working today:

Cobra's Market View

Back to www.cobrasmarketview.com

03/30/2011 Intraday Watering

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