11/30/2011 Intraday Watering

[soku]

i believe i see a good quality short setup. es target around 1220. need to work on the entry tho.
i may check back during lunch.

[Cobra]

Cobra,

Is the market consolidating?

Thanks!

yes, so far not bad for bulls.

[Al_Dente]

To everybody who lost his shirt today: Tammy is waiting at home, offering consolation:
http://www.youtube.com/watch?v=DwBirf4BWew

OMG loved that…… but I thought u were going to go here http://www.youtube.com/watch?v=oYymDZtJvgs

Intraday:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

[jynmax]

i believe i see a good quality short setup. es target around 1220. need to work on the entry tho.
i may check back during lunch.

the most important difference between CHINA and JAPAN is...guess what?
easy to answer it:one big,one small.
i know CHINA has a old saying---mantis trying to stop car.JAPAN on 1990s was the mantis,but now,CHINA is the dragon,having the biggest domestic market on the world,it can hold economy better than JAPAN's entirely export-oriented economy on that days。

[HighRev]

Dow Industrials and Dow Transports both currently sporting GREEN monthly candlesticks with long tails down to support.

Provisionals of course as we'll have to wait until the close.

[BullBear52x]

here is intraday buy the dip

at the same point that intraday bears about to take over.

confusing? risk/reward spot oh yay.

[vfengle]

HI,everyone,i am a new,i love cobra love trading,so that is all,because my english is poor

[BullBear52x]

HI,everyone,i am a new,i love cobra love trading,so that is all,because my english is poor

Hahaha you think your English is bad? no one understand me here. got good charts? that's all it matters

[noob]

Hey everyone. This is my first post. I became a member recently and really appreciate Cobra's work and everyone's contributions. I am watching stochastics and macd. Clearly the technicals yesterday were pointing lower and this caught everyone by surprise. I think this push may go to 1300+ but the entry point will not be easy as tomorrow could be a correction day before the next push up.

thoughts?

i'm wondering if Cobra will talk about a potential 7 day strong push up from an important bottom. it's starting to shape up and look like it. not that this is statistically meaningful, but the last two 7-day rule events, the red candlestick came on the 4th day.

I'm also wondering if Cobra has any view on this.

[jynmax]

HI,everyone,i am a new,i love cobra love trading,so that is all,because my english is poor

welcome,co-worker.

[Cobra]

sorry, a little later, but still OK, it's H2 long on EMA20. Let's how thing goes.

[uempel]

To everybody who lost his shirt today: Tammy is waiting at home, offering consolation:
http://www.youtube.com/watch?v=DwBirf4BWew

OMG loved that…… but I thought u were going to go here http://www.youtube.com/watch?v=oYymDZtJvgs

Intraday:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

Al, you sure like music. I remember Victor Niederhoffer trying to use melodies for his trding. But it ended badly.I prefer your intraday. Very meaningful. And I notice that I have stockcharts SPY realtime (didn't know, as i only use SPX/ES)

[Al_Dente]

What you gonna do BB52X?

??? let the 25% core position run, buy the dip, follow my yellow line, and listen to Dr. Al's tube.

Baron von UncleBen52x
We all know u were long overnights, yet u never gloat.
Here’s what Beyonce has to say about that: http://www.youtube.com/watch?v=-RP19fnff_c&ob=av2e

Internals, different view: http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

[BullBear52x]

the next test to 200 dma bottom chart will be 4th test, but right now we are right at 34dma.

[BullBear52x]

What you gonna do BB52X?

??? let the 25% core position run, buy the dip, follow my yellow line, and listen to Dr. Al's tube.

Baron von UncleBen52x
We all know u were long overnights, yet u never gloat.
Here’s what Beyonce has to say about that: http://www.youtube.com/watch?v=-RP19fnff_c&ob=av2e

Internals, different view: http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

every dog got its day.

[StrikePrice]

Move up on again on less momentum. Looking for low below 124 and then I'll close my short scalp.

I also agree with DowTrader.

Since July I have used options on SPY for quick moves and stay mostly in cash. Before July I would hold options for months but now the market has changed. We are in a volatile market (sideways market was February to July/trending market was September 2010 to February) so Trend trading is risky and difficult. Understand you cannot trade a Volatile market the same as a sideways market the same as a trending market. So develop different strategies for each and save yourself a lot of grief.

[99er]

Updates

EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_3396.html
ES http://99ercharts.blogspot.com/2011/11/es_9740.html

Okay...almost four hours now. Call the doctor!

[wayne0708]

Cobra,

Is the market consolidating?

Thanks!

yes, so far not bad for bulls.

if pull back is more than one leg, that means pull back is not strong?

[CognitiveDissonance]

Updates

EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_3396.html
ES http://99ercharts.blogspot.com/2011/11/es_9740.html

Okay...almost four hours now. Call the doctor!

ROFL!!!!

[jynmax]

i draw this chart on july,well,i learned it from...UEMPLE,haha.