01/31/2012 Intraday Watering

[stucap]

/es stuck in the range of both of my lines. i am turning on my scalping bots to trade this range.
overall i will say the market is still weak. i am still bearish biased.

i'm bearish -- but i'm waiting for some bear follow-through to call a top. i.e. a bear flag that actually ends with some selling

[Unique]

AAPL short, 420 gap fill target, within 20 trading days.

[Richarab]

bear flag? really?

probably

you're kidding?

Bear reversal bar on SPY, semiconductors and financials are doing rather well. AUD/JPY not bad either.

These guys have skills, especially the guy @ 1:30!

http://www.youtube.com/watch?v=nBcK017ddbY

just a note - but the driving in the video is pretty normal day-in-the-life-of saudi highways... basically insanity.

[TraderGirl]

nice trendlines.. speculative.. but if it plays out... bigger H&S target = 1248, especially if we gap at the neckline and make an 3-4 week Island top
or there is a falling bullish wedge... target 1330-1335ish or bull flag (red trendlines)

I like your charts fehro, keep them coming...

[BullTart]

Took a slightly different path, but bear flag it is... next leg down should occur before close this afternoon.

Keep in mind, the "bad" news is not Europe today- it's the US.

Employment report should usher in more "bad" news.

Money is exiting before Friday. Big sell orders earlier this morning.

[KENA]

Keep it going..I like this better then a U.

[xglider]

Bounced right off 50% ...

iwm.png

Cool stuff!

Looks like a large H&S pattern forming, with the RS top now in place... reviewing past sequential selloffs, they always move with a fast push down and then spends most of the day trying to creep back up. We might be heading into that pattern over the next few days?

[wavelover]

I like your charts fehro as well -- good lines and possible targets. thanks

[SWalsh]

SB73
don't know, i just saw it cross the wires
http://news.ino.com/headlines/?newsid=6898375217200

Are Americans taking a "haircut", or do we just bail them out with funding like was done to AIG in the dead of night?

I said this the other day but probably forgot to add that the reason they hate Americans now is that they believe we profited from selling them crap. The average Greek doesn't understand that GS, et al, screwed us all. They were American Institutions. I wish Anthony Quinn were alive to comment on this one!

[TraderGirl]

Took a slightly different path, but bear flag it is... next leg down should occur before close this afternoon.

Keep in mind, the "bad" news is not Europe today- it's the US.

Employment report should usher in more "bad" news.

Money is exiting before Friday. Big sell orders earlier this morning.

I wouldn't be surprised if Cobra's plan plays out this week where we test the lows first, maybe by tomorrow, then we test the highs by Friday...???
I don't know what and if there will be something to send the markets up on Thurs and/or Fri, but I will not be short...maybe take a short on Friday...???

[Unique]

SB73
don't know, i just saw it cross the wires
http://news.ino.com/headlines/?newsid=6898375217200

Are Americans taking a "haircut", or do we just bail them out with funding like was done to AIG in the dead of night?

I said this the other day but probably forgot to add that the reason they hate Americans now is that they believe we profited from selling them crap. The average Greek doesn't understand that GS, et al, screwed us all. They were American Institutions. I wish Anthony Quinn were alive to comment on this one!

The top ranks in ECB, IMF..once worked for GS ..

[waverider]

just a note - but the driving in the video is pretty normal day-in-the-life-of saudi highways... basically insanity.[/quote]

Interesting, that's definitely added to my list of places to visit then, I gotta see this live!

[BullBear52x]

I think it's fair to see this as a start of a way down than a way up. fib ext just for fun number.

[SWalsh]

Terry Laundry's T-Theory hit the high today down to a 10 min timeframe.

And this link shows a chart of what HFTs and Algos (an HFT that is not co-joined to the quote server and has latency) to an individual stock in six seconds.

http://www.nanex.net/aqck/2802.HTML

They are truly destroying Wall Street with this crap as few are looking at companies to invest in for the long-term thanks to these computers. Actually Buffet will, but he has a guaranteed bailout. And if one does not think this is criminal you don't yet appreciate the implications of how they never lose, how they pick your pocket, and how if done by a human with a real SEC/FBI they would spend many years in jail under RICO laws. We are witnessing the biggest financial crimes in history, as per Harvard economist and lawyer Professor William Black, who prosecuted the S&L.

Get real, the SEC is part of this scheme. That's why they never released the names of the corps responsible for the flash crash. May 6, 2010

"Get real?" Perhaps you missed my phrase "real SEC/FBI". I KNOW they have no interest in anything unless you can hand them a Boesky or a Madoff. And this is stuff that they can't begin to comprehend nor could a prosecution team if they tried. They'll find WMDs first! Let me say that again...I KNOW that they do not care to look unless the evidence is clear and the case is large. You see, it's not about protecting the public, it's about looking good, promotions, and raises. With the SEC, the better you look away the better your chance to be set-for-life with a job offer. .

[SWalsh]

I see bears

Worth of "I see dead bulls"

[xglider]

Took a slightly different path, but bear flag it is... next leg down should occur before close this afternoon.

Keep in mind, the "bad" news is not Europe today- it's the US.

Employment report should usher in more "bad" news.

Money is exiting before Friday. Big sell orders earlier this morning.

I wouldn't be surprised if Cobra's plan plays out this week where we test the lows first, maybe by tomorrow, then we test the highs by Friday...???
I don't know what and if there will be something to send the markets up on Thurs and/or Fri, but I will not be short...maybe take a short on Friday...???

Friday you will have the employment numbers, which could be lower than expectations. Seems numbers have been trending down below expectations. More bad news could be coming out of Europe (I don't buy that they've buttoned up all the creditors for PSI, leaks are that they are preparing for default, Portugal now edgy). We go down for 5-7 more sessions and then ramp up into early March due to LTRO2, then the real fun will start when everyone realizes there's nothing behind the curtain that will save the global economy.

Now could be the top lip of the rollercoaster, key MACD, Stoch indicators have been rolling over the past few days, getting us into a situation where we see selling begetting selling. The strongest selloffs are always occurring against complacency (when it catches everyone by surprise). There's too much of that right now.

But we're here at Cobra's forum, so best to keep it clinical and logical. Best to wait for the confirmation!

[Unique]

Terry Laundry's T-Theory hit the high today down to a 10 min timeframe.

And this link shows a chart of what HFTs and Algos (an HFT that is not co-joined to the quote server and has latency) to an individual stock in six seconds.

http://www.nanex.net/aqck/2802.HTML

They are truly destroying Wall Street with this crap as few are looking at companies to invest in for the long-term thanks to these computers. Actually Buffet will, but he has a guaranteed bailout. And if one does not think this is criminal you don't yet appreciate the implications of how they never lose, how they pick your pocket, and how if done by a human with a real SEC/FBI they would spend many years in jail under RICO laws. We are witnessing the biggest financial crimes in history, as per Harvard economist and lawyer Professor William Black, who prosecuted the S&L.

Get real, the SEC is part of this scheme. That's why they never released the names of the corps responsible for the flash crash. May 6, 2010

"Get real?" Perhaps you missed my phrase "real SEC/FBI". I KNOW they have no interest in anything unless you can hand them a Boesky or a Madoff. And this is stuff that they can't begin to comprehend nor could a prosecution team if they tried. They'll find WMDs first! Let me say that again...I KNOW that they do not care to look unless the evidence is clear and the case is large. You see, it's not about protecting the public, it's about looking good, promotions, and raises. With the SEC, the better you look away the better your chance to be set-for-life with a job offer. .

Right on dude.

[BullBear52x]

Unfilled gap

[HuyVanLang]

Love your charts, BullTart

[Al_Dente]

SB73
don't know, i just saw it cross the wires
http://news.ino.com/headlines/?newsid=6898375217200

Are Americans taking a "haircut", or do we just bail them out with funding like was done to AIG in the dead of night?
I said this the other day but probably forgot to add that the reason they hate Americans now is that they believe we profited from selling them crap. The average Greek doesn't understand that GS, et al, screwed us all. They were American Institutions. I wish Anthony Quinn were alive to comment on this one!

SWALSH
Tell the truth: are u posting from a concrete bunker?

I always appreciate your HFT data posts...
It’s just that I’m having a difficult time scalping today, so I’m putting you on my IGNOR list but only for today.
I’ll catch you tomorrow.
Thanks for understanding.
Best,
Al

PS: POP QUIZ: Please name the first Chairman of the newly created SEC in 1934. Enough said.