07/01/2011 Intraday Watering

[uempel]

I'm looking closely at the area around 1340/1350 to enter shorts - even if it's counterintuitive and unwise. But I've go so many indicators showing that this bounce will stall, that I'm risking (and enjoying) it.

[uempel]

Guys, do you remeber SPX 1333, that's the twice the low of March 2009, Is this a good-bye visit to 1333, or is the target higher up...

[cheech]

MACD levels in IYR predict a serious correction. Could be a little more up, but a good short here, indeed it is.

[Cobra]

I'm looking closely at the area around 1340/1350 to enter shorts - even if it's counterintuitive and unwise. But I've go so many indicators showing that this bounce will stall, that I'm risking (and enjoying) it.

SPX5.png

very good, that fits my view: any up from here will be erased assuming we close here.

[Cobra]

Guys, do you remeber SPX 1333, that's the twice the low of March 2009, Is this a good-bye visit to 1333, or is the target higher up...

I think we'll see a new high: weekly 3 push up, then the real pullback begins. almost exactly as year 2007.

[dr659]

Guys, do you remeber SPX 1333, that's the twice the low of March 2009, Is this a good-bye visit to 1333, or is the target higher up...

Thats right , ole double 666(and some change)

[cheech]

Cobra,

VIX hitting lower BB, -ve money flow reading didn't work.

I think, the best way to make money is buy when others panic and sentiment reading are too bearish.

the best way to make money is try not to be smart: always follow. For example now the market is up, so long only, don't even bother to find a top, that's the secret of trading. You see my short-term model? nothing unique with that model, it simply follows, but it makes steady money.

my report is different, as I've been saying, it has to find top or bottom, otherwise the only thing I can say everyday is like this: trend is up/down.

This is incorrect. The market has been caught in a range for months. So there is no trend except a swing high or low. It only makes sense to be a trend trader when the market is trending.

[richer]

The market is so strong. It seems we will have five white bar on daily basis. Corba, do we have some edge on this from statistics? I would hold my long position tight and add more later.

[Cobra]

Cobra,

VIX hitting lower BB, -ve money flow reading didn't work.

I think, the best way to make money is buy when others panic and sentiment reading are too bearish.

the best way to make money is try not to be smart: always follow. For example now the market is up, so long only, don't even bother to find a top, that's the secret of trading. You see my short-term model? nothing unique with that model, it simply follows, but it makes steady money.

my report is different, as I've been saying, it has to find top or bottom, otherwise the only thing I can say everyday is like this: trend is up/down.

This is incorrect. The market has been caught in a range for months. So there is no trend except a swing high or low.

that depends on your time frame. you trade weekly, daily, hourly or min?

[Cobra]

The market is so strong. It seems we will have five white bar on daily basis. Corba, do we have some edge on this from statistics? I would hold my long position tight and add more later.

five straight up is nothing. also straight up means momentum is strong.

[Cobra]

let's see if any resistance here. maintain the target.

[Cobra]

hmm, who said the target is for fun?

[cougar]

VIX intra-day congestion close to support (100% extension).

[Neroli]

Cobra, by saying "green August", do you mean green July? I am trying to figure out whether this is a typo.

[keesa]

guess cobra meant green july is a given. Green aug is more likely now.

[HK88]

Cobra

SPY daily candle is totally out of BB(20) , so far.

Any edge on that ?

let's wait for close. if still it's the case, the conclusion would be:

1. any up thereafter will be erased in short-term.
2. the erase is buy opp.
3. green Aug.

The case from November was at the end of an uptrend from September. This is different, although I believe that there must be some kind of mean reversion here. Of course, the market could just consolidate and wait for averages to come for support as well.

[cheech]

A problem for the bulls has been here.

[Cobra]

Cobra, by saying "green August", do you mean green July? I am trying to figure out whether this is a typo.

sorry, guarantee green July!

here's the research: http://cobrasmarketview.blogspot.com/20 ... ework.html

[ycxc16588]

Hello all. This is my first post here. This rally looked like a start of another extended substantial bull run. However, if you look at the SPX and DOW spread, it has been steadily decreasing since early this year. The difference between this rally and several others in the past 2 years is the SPX-DOW spread didn't follow the price going higher this time.

[oldpigwang]

Join u.