10/28/2011 Intraday Watering

[soku]

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

i am in shanghai right now. the situation is slightly different than mish said. it is not the value but list price cut. the value drop started couple weeks ago.
that is a rural area about 50 miles away from shanghai central area (my estimation). the house price was much lower. imo, that area has no investing value. the price was pushed up purely by the irrational speculation. the people protesting are speculators. i have no mercy if they got wiped out

[waverider]

Bears you got your signs, see bottom RSI and MACD

I will short below 1257.

Stopped out of DGP with a 4% gain, kept it tight as I want settled cash for more exciting moves.

[soku]

try again. es need to clear 1274-1276 area one more time

1276 sup? i took half off. still remain bearish

[Cobra]

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.

Hei hei. It's my experiences too. When things become so hot, people cannot tolerate any opposite views.

[uempel]

I was expecting SPX to break up through the green circle now - but it broke to the downside. Are you guys selling, putting downside pressure on the market? Hey, I want it to go up to 1305 and then I'll ride down

[BullBear52x]

Bears you got your signs, see bottom RSI and MACD

I will short below 1257.

Stopped out of DGP with a 4% gain, kept it tight as I want settled cash for more exciting moves.

I see a gap support there as well.

[Unique]

Guaranteed higher high? Nothing is guaranteed in the stock market. Stay nimble, stay foolish.

[Al_Dente]

Bears you got your signs, see bottom RSI and MACD

MISSED U FUZZY BEAR
Some folks say u can “read” a person by looking deep into their eyes; Dr. Al thinks it’s all in the smile, and this here is one happy woman
http://www.youtube.com/watch?v=bxciqi6u ... re=related

[bobo]

You are right about 1256.55 being a key level. However, we may only see 1265 followed by a final push to say 1300 - 1307ish.

Bears you got your signs, see bottom RSI and MACD

I will short below 1257.

Stopped out of DGP with a 4% gain, kept it tight as I want settled cash for more exciting moves.

[KENA]

Watch the 1278 area..This may be hard to break the first time.

Soku..Cat is back on my radar for a coming short.I know CAT is one of your favorate.Don't let the CAT get away.

[SB73]

Measured Move target. I'm not sure.

This is the brilliance of Cobra. While I tried to front run and got in to early he sat back made huge money on the way up and can take advantage of the retrace.

[Cobra]

DAX black bar, could see at least a short-term reversal here. Well, I know somebody would come out and say, why pay attention to one or two days dip, you need focus on bigger picture.

[uempel]

Hwo is gonna BAILOUT China?

Gabor, quote of the week!

[tdo722]

Bears you got your signs, see bottom RSI and MACD

I will short below 1257.

Stopped out of DGP with a 4% gain, kept it tight as I want settled cash for more exciting moves.

why didn't u short at 1292 but wait until 1257 to short? i'm puzzled? wave 3 ended at 1292 which is 161.8% retracement exactly of leg1 or wave 1.

[StrikePrice]

I was expecting SPX to break up through the green circle now - but it broke to the downside. Are you guys selling, putting downside pressure on the market? Hey, I want it to go up to 1305 and then I'll ride down

SPX2.png

I wonder if so many are waiting to see 1,300 that it'll grind the market up there or if a people give up and fast wave back to 1260 occurs. But with today being Friday, maybe more likely market screws those who decide to hold over the weekend.

I'm bias though since I want the 5 wave sell-off from 1293 to play out.

[Fear&Greed]

Just a quick hello and thanks to Cobra for the board. Also, a thank you to all the other contributors. I have been lurking for a while now and have learned a bit from this board while watching the market each day.

[soku]

Watch the 1278 area..This may be hard to break the first time.

Soku..Cat is back on my radar for a coming short.I know CAT is one of your favorate.Don't let the CAT get away.

nice catch man. not sure go short now or waiting till monday. u pick it based on ta or anything else?

[BullBear52x]

Based on my Fib extensions measure, the 100% is at the same measure Cobra posted, so to be or not to be 127.1 ish we aim?

[Cobra]

L1 short. not sure.

[waverider]

[quote="bobo"]You are right about 1256.55 being a key level. However, we may only see 1265 followed by a final push to say 1300 - 1307ish.

And then a screamer of a wave 3 down? Perhaps we will stop at the 76.8% retracement.