10/28/2011 Intraday Watering

[tdo722]

may day, may day.

[Bencat]

I really don't understand why people so care about my target 1,000? Didn't I clearly say that we'd have multiple weeks of rally? In this case we should deal with the rally first then think about the 1,000 target later. So whether the 1,000 target is correct or not, doesn't really affect your trade. And since you seem so care about what I said, why you disregard my first line that says multiple weeks of rally, while instead focus on my 2nd line? I really don't understand. I keep adjusting my calls based on the reality of the very 1st step, I usually give 2 or 3 steps in advance, so as long as I make sure the very 1st step is mostly right, it'd be good enough for your trade, you really think whether the step 2 and step 3 are correct or not is that important?

Again, pay attention to the table. The long-term signal is down, so I have to respect that. The intermediate-term signal is crystal clear. And the evidences are crystal clear that I did say we'd see multiple weeks of rally.

I focus on your first line every day -- that is a plan for now. the second line is for future -- who knows what the future will be. I think, those people have bear's eye -- just want to get information that satisfy their bear's mind. don't worry, they will learn lesson from your report and market action. support you for your great market report.

[Cobra]

Measured Move target. I'm not sure.

[mac769]

Okay, now I’m getting very emotional with this internals update
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

yes, I agree, we could have seen the top at around 1280 (76.4% fib ret) for today...

[HappyFriday]

I really don't understand why people so care about my target 1,000? Didn't I clearly say that we'd have multiple weeks of rally? In this case we should deal with the rally first then think about the 1,000 target later. So whether the 1,000 target is correct or not, doesn't really affect your trade. And since you seem so care about what I said, why you disregard my first line that says multiple weeks of rally, while instead focus on my 2nd line? I really don't understand. I keep adjusting my calls based on the reality of the very 1st step, I usually give 2 or 3 steps in advance, so as long as I make sure the very 1st step is mostly right, it'd be good enough for your trade, you really think whether the step 2 and step 3 are correct or not is that important?

Again, pay attention to the table. The long-term signal is down, so I have to respect that. The intermediate-term signal is crystal clear. And the evidences are crystal clear that I did say we'd see multiple weeks of rally.

Cobra, you are right ! Guys and dolls, let focus on trading, talk later...

[BullBear52x]

Bear flag,
Dr. Al where's my music?

[Cobra]

I really don't understand why people so care about my target 1,000? Didn't I clearly say that we'd have multiple weeks of rally? In this case we should deal with the rally first then think about the 1,000 target later. So whether the 1,000 target is correct or not, doesn't really affect your trade. And since you seem so care about what I said, why you disregard my first line that says multiple weeks of rally, while instead focus on my 2nd line? I really don't understand. I keep adjusting my calls based on the reality of the very 1st step, I usually give 2 or 3 steps in advance, so as long as I make sure the very 1st step is mostly right, it'd be good enough for your trade, you really think whether the step 2 and step 3 are correct or not is that important?

Again, pay attention to the table. The long-term signal is down, so I have to respect that. The intermediate-term signal is crystal clear. And the evidences are crystal clear that I did say we'd see multiple weeks of rally.

I focus on your first line every day -- that is a plan for now. the second line is for future -- who knows what the future will be. I think, those people have bear's eye -- just want to get information that satisfy their bear's mind. don't worry, they will learn lesson from your report and market action. support you for your great market report.

No, I think it's mostly bulls are very unhappy about this 1,000 target. I've got attacked for 2 days in a row by different people but all appear very bullish so that they cannot tolerate any bearish view.

[newbie_77]

cobra,
we tried to break/go up two time 128.72 so now we reverse and try to test the lower of the day? is this what is happening?

[Al_Dente]

PAGING trader0303
Re: “where would you recommend that someone learn about market "internals"”
Hard Q to answer today, here is fresh internals update, then bit of trivia on $NYADV/$NYDEC:
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

A/D trivia: The A/D, is calculated so very simply as follows (example only):
Number of stocks advancing = 2600
Number of stocks declining = 500
Number of stocks unchanged = 14
Add them up, and the total number of stocks trading on the NYSE floor in our example was 3114
Advancing issues at 2600 showed us a very strong bull skew intraday, and intraday traders would like to be on the right side of that skew.

But on another day, for example right at this moment today, where the data shows:
Advancing = ~1400
Declining = ~1400
Unchanged = whatever
That’s when we pause…. perhaps the intraday trend is not so clear….it is just about 50/50, that’s what shows up in our adv/dec 1min looking like a “lobster claw”…it could easily tip either way, or whipsaw around just to play with our money, with no real punch behind either side. That’s why we keep an eagle-eye on the A/D, to see who is stacked up on our side, to see when/how it turns; to join it on a breakout/breakdown, to see if we can maximize our chances for profitable trades.

PS: The King Cobra watches ALL INTERNALS very closely, I just yammer on, eagerly awaiting his next post

[Cobra]

cobra,
we tried to break/go up two time 128.72 so now we reverse and try to test the lower of the day? is this what is happening?

hard to say if bulls tried twice, so we have to wait and see.

[pady]

Measured Move target. I'm not sure.

Or 0.62 of that.

[gabor]

Quote of the Day

The property bubble in China has finally burst.

http://globaleconomicanalysis.blogspot. ... om-in.html

22% Drop Overnight in housing price

S&P 10% Decline Prediction is Hugely Understated

I am curious if it will really happen

[soku]

Measured Move target. I'm not sure.

this is a perfect 123 chart, unfortunately the setup is not on es. the trading vol is light. it may not fully play out. i will make decision based on the tape around 1274

[newbie_77]

gotcha. tyvm

cobra,
we tried to break/go up two time 128.72 so now we reverse and try to test the lower of the day? is this what is happening?

hard to say if bulls tried twice, so we have to wait and see.

[BullBear52x]

Bears you got your signs, see bottom RSI and MACD

[Buckethead]

Hi. New here. Interesting there are "angry" bulls. I am quite familiar with this type on a sentiment level having seen it all over zerohedge postings when some guy says gold will fall back early summer he gets beat up. Anyway, my point. Such collective emotion usually a top signal.

I really don't understand why people so care about my target 1,000? Didn't I clearly say that we'd have multiple weeks of rally? In this case we should deal with the rally first then think about the 1,000 target later. So whether the 1,000 target is correct or not, doesn't really affect your trade. And since you seem so care about what I said, why you disregard my first line that says multiple weeks of rally, while instead focus on my 2nd line? I really don't understand. I keep adjusting my calls based on the reality of the very 1st step, I usually give 2 or 3 steps in advance, so as long as I make sure the very 1st step is mostly right, it'd be good enough for your trade, you really think whether the step 2 and step 3 are correct or not is that important?

Again, pay attention to the table. The long-term signal is down, so I have to respect that. The intermediate-term signal is crystal clear. And the evidences are crystal clear that I did say we'd see multiple weeks of rally.

I focus on your first line every day -- that is a plan for now. the second line is for future -- who knows what the future will be. I think, those people have bear's eye -- just want to get information that satisfy their bear's mind. don't worry, they will learn lesson from your report and market action. support you for your great market report.

No, I think it's mostly bulls are very unhappy about this 1,000 target. I've got attacked for 2 days in a row by different people but all appear very bullish so that they cannot tolerate any bearish view.

[gabor]

Hwo is gonna BAILOUT China?

[xfradnex]

Quote of the Day

The property bubble in China has finally burst.

http://globaleconomicanalysis.blogspot. ... om-in.html

22% Drop Overnight in housing price

S&P 10% Decline Prediction is Hugely Understated

I am curious if it will really happen

Look at CHLN. it is down big time, but looks like it is bottoming.

[Cobra]

disregard how market closes today, this kind of consolidation is good for bulls (on a larger time frame).

[Buckethead]

China does not have derivative issue on property real estate like the west. 50% drop in prices is taken like, "that's life".
It is serious though implies a more hard landing in their economy and slowing chinese consumer. But we are not talking sovereign debt default like europe.

Hwo is gonna BAILOUT China?