12/07/2011 Intraday Watering

[stucap]

I see a mini-double top on SPY 1 min

BUY SIGNAL!!

[andyzaky]

Cobra -- I'm going to give you a recommendation here. I think you should take what I tell you, and raise these questions for legal council. I'm not a lawyer so you can't just trust what I say at face value. I think what you can do is take what I say to you and bring it up to securities lawyer to see if what I'm telling you is true. So take this as advice on how to approach or ask the right questions of legal council instead of this being legal advice in an of itself. This will be very helpful for you I think.

I fully understand why you don't feel like you're in a "legal position" to be giving financial advice. First let me tell you that from what I am told by one of the top securities law firms in the country, the SEC defines "financial advice" as giving financial advice to a client for a fee. The key element here is "for a fee." If someone goes out and tells everyone they should "buy x" or "buy y" publicly without collecting a fee to give such advice, there's no issue. This comes directly from my legal council which are quite literally some of the very best and well-known securities lawyers in the world.

Now I've also learned that collecting "subscription fees" for a PUBLICATION is not considered a fee from a financial advice perspective. You're ok if you do some commentary for a broad audience and not on a personal one on one standpoint. So for example, if a subscriber of yours said I want to pay you $1,000 extra a month for you to tell me what to buy and sell, that would fall under the SEC definition of financial advice.

One thing you can do which will protect you under free speech is to just simply disclose what you would do in a situation. Instead of giving advice, you're just leading by example by saying what you would do. You can, instead of saying, hey buy x or sell y, say something like this. "I'm buying x right here" or "I'm selling Y right here" or "I would buy x or y in this situation." Yet, another way to approach this which will accomplish the same goals without running into a legal problem is to run models. Model portfolios.

For example, what you do is set up a "fictitious portfolio" with monopoly money for jouranlistic and educational purposes. In this monopoly money account you can always say, here's what we're buying and here's what we're selling. That would be one way to do it without running into an issue.

If you want, I can get you connected to my legal council. We're talking one of the top firms in the country. And the good thing about the law firm is they understand that not everyone can afford to pay the highest fees. They take clients of all sizes. They do that because they want to invest in the future. They took me on as a client because they believe in my future and that the firm will make a lot of money on me down the line. This firm represents multi-billion hedge funds. Let me know. They're really cool and would definitely talk with you.

I think it wouldn't be a bad idea on your part of just learn a bit about the rules. I know a lot of people have a general "feel" for what the rules might be. But I will tell you that it's not always what you would think. There are things that you think you're not allowed to do, but that you can do very easily.

[Petsamo]

I see a mini-double top on SPY 1 min

BUY SIGNAL!!

So, what did you buy?

[BullBear52x]

Gap filled I will sell some more.

[stucap]

I see a mini-double top on SPY 1 min

BUY SIGNAL!!

So, what did you buy?

Some sarcasm.

[jarbo456]

well...i guess that's all she wrote for the bears today. first touch of the trend line above, and it looks like consolidation right before. i expect a lunch time blow through resistance here.

i guess 126.30 the next stop. maybe a visit to 125.50 after that...

and then another blow your top off up and down end of day.

that would pretty much characterize this week.

[Petsamo]

I see a mini-double top on SPY 1 min

BUY SIGNAL!!

So, what did you buy?

Some sarcasm.

Some buy those breakouts. - not for me

[Cobra]

Cobra -- I'm going to give you a recommendation here. I think you should take what I tell you, and raise these questions for legal council. I'm not a lawyer so you can't just trust what I say at face value. I think what you can do is take what I say to you and bring it up to securities lawyer to see if what I'm telling you is true. So take this as advice on how to approach or ask the right questions of legal council instead of this being legal advice in an of itself. This will be very helpful for you I think.

I fully understand why you don't feel like you're in a "legal position" to be giving financial advice. First let me tell you that from what I am told by one of the top securities law firms in the country, the SEC defines "financial advice" as giving financial advice to a client for a fee. The key element here is "for a fee." If someone goes out and tells everyone they should "buy x" or "buy y" publicly without collecting a fee to give such advice, there's no issue. This comes directly from my legal council which are quite literally some of the very best and well-known securities lawyers in the world.

Now I've also learned that collecting "subscription fees" for a PUBLICATION is not considered a fee from a financial advice perspective. You're ok if you do some commentary for a broad audience and not on a personal one on one standpoint. So for example, if a subscriber of yours said I want to pay you $1,000 extra a month for you to tell me what to buy and sell, that would fall under the SEC definition of financial advice.

One thing you can do which will protect you under free speech is to just simply disclose what you would do in a situation. Instead of giving advice, you're just leading by example by saying what you would do. You can, instead of saying, hey buy x or sell y, say something like this. "I'm buying x right here" or "I'm selling Y right here" or "I would buy x or y in this situation." Yet, another way to approach this which will accomplish the same goals without running into a legal problem is to run models. Model portfolios.

For example, what you do is set up a "fictitious portfolio" with monopoly money for jouranlistic and educational purposes. In this monopoly money account you can always say, here's what we're buying and here's what we're selling. That would be one way to do it without running into an issue.

If you want, I can get you connected to my legal council. We're talking one of the top firms in the country. And the good thing about the law firm is they understand that not everyone can afford to pay the highest fees. They take clients of all sizes. They do that because they want to invest in the future. They took me on as a client because they believe in my future and that the firm will make a lot of money on me down the line. This firm represents multi-billion hedge funds. Let me know. They're really cool and would definitely talk with you.

I think it wouldn't be a bad idea on your part of just learn a bit about the rules. I know a lot of people have a general "feel" for what the rules might be. But I will tell you that it's not always what you would think. There are things that you think you're not allowed to do, but that you can do very easily.

Thanks Andy. I'll consult my lawyer too. I think I've been doing most like you said: demo account, mechanical signals, research portfolio etc. but as you said, I'd make sure everything exactly as what I understood. Thanks again.

[heavenskrow]

Cobra -- I'm going to give you a recommendation here. I think you should take what I tell you, and raise these questions for legal council. I'm not a lawyer so you can't just trust what I say at face value. I think what you can do is take what I say to you and bring it up to securities lawyer to see if what I'm telling you is true. So take this as advice on how to approach or ask the right questions of legal council instead of this being legal advice in an of itself. This will be very helpful for you I think.

I fully understand why you don't feel like you're in a "legal position" to be giving financial advice. First let me tell you that from what I am told by one of the top securities law firms in the country, the SEC defines "financial advice" as giving financial advice to a client for a fee. The key element here is "for a fee." If someone goes out and tells everyone they should "buy x" or "buy y" publicly without collecting a fee to give such advice, there's no issue. This comes directly from my legal council which are quite literally some of the very best and well-known securities lawyers in the world.

Now I've also learned that collecting "subscription fees" for a PUBLICATION is not considered a fee from a financial advice perspective. You're ok if you do some commentary for a broad audience and not on a personal one on one standpoint. So for example, if a subscriber of yours said I want to pay you $1,000 extra a month for you to tell me what to buy and sell, that would fall under the SEC definition of financial advice.

One thing you can do which will protect you under free speech is to just simply disclose what you would do in a situation. Instead of giving advice, you're just leading by example by saying what you would do. You can, instead of saying, hey buy x or sell y, say something like this. "I'm buying x right here" or "I'm selling Y right here" or "I would buy x or y in this situation." Yet, another way to approach this which will accomplish the same goals without running into a legal problem is to run models. Model portfolios.

For example, what you do is set up a "fictitious portfolio" with monopoly money for jouranlistic and educational purposes. In this monopoly money account you can always say, here's what we're buying and here's what we're selling. That would be one way to do it without running into an issue.

If you want, I can get you connected to my legal council. We're talking one of the top firms in the country. And the good thing about the law firm is they understand that not everyone can afford to pay the highest fees. They take clients of all sizes. They do that because they want to invest in the future. They took me on as a client because they believe in my future and that the firm will make a lot of money on me down the line. This firm represents multi-billion hedge funds. Let me know. They're really cool and would definitely talk with you.

I think it wouldn't be a bad idea on your part of just learn a bit about the rules. I know a lot of people have a general "feel" for what the rules might be. But I will tell you that it's not always what you would think. There are things that you think you're not allowed to do, but that you can do very easily.

thanks.

[Cobra]

OR high as resistance, breakout then my 80% chances target failed the 5th time (out of 10) this month, so far only 50% chances. And this is why I said don't follow unless you know my complete setup which of course have solution to deal with the failure otherwise it won't be a complete set of setup. Again, I'm not in a legal position to give specific buy/sell signals, you should be aware that.

Hi Cobra

I would like to ask where to get the complete setup information you mentioned in your message?

Thanks,

You cannot find anywhere. It's not disclosed yet, still pretty much under research.

[TWT]

SPX: I am working with a DZZ

If correct price is now establishing a lower high = possible wave (B)

Then one more down leg = wave (C) should establish the bottom of the wave (2) or (B)

The target remains the 1233 area (Double Top and extension 1 x 1)

[Al_Dente]

I min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PAGING Baron von WhatsHisName
Am preoccupied with getting out alive on TNA, and also testing my new “European Real Time” access. I know u like it complex, but remember Al likes it simple. Am running correlation studies to find what European stuff correlates highest/best with SPX so I can watch just coupla things instead of twenty.
So far, ran correlations on real time: $XSF, FXE, $XJY, UUP/UDN, FXF, $ITDOW, $CHDOW, $INL, $CAC, DBV, $DAX, $FTSE, $XED, $XAD, FXY, FXA, and more in progress.
POP QUIZ: Which currency (not country exchange) correlates BEST with SPX at the moment, pending further research?
(Clue: you introduced me to it months ago)
Let’s see if Rob can confirm this:
http://www.youtube.com/watch?v=Abt8aAB- ... re=related

[BullBear52x]

well...i guess that's all she wrote for the bears today. first touch of the trend line above, and it looks like consolidation right before. i expect a lunch time blow through resistance here.

i guess 126.30 the next stop. maybe a visit to 125.50 after that...

and then another blow your top off up and down end of day.

that would pretty much characterize this week.

For what I see now, recent high need to take out or selling will continue, risk/reward on swing is getting better on the sell side now. If Dr. AL have to show you his internals chart he will sell at WVAP

[PRI]

OR high as resistance, breakout then my 80% chances target failed the 5th time (out of 10) this month, so far only 50% chances. And this is why I said don't follow unless you know my complete setup which of course have solution to deal with the failure otherwise it won't be a complete set of setup. Again, I'm not in a legal position to give specific buy/sell signals, you should be aware that.

Confused, so abandon the second leg down? And do you have an upside target?
Also, I have tried to re register, log in, subscribe, pay...
First I picked a new name as it would not let me use the one I have been using (PRI)
It allowed me to select a new one, then I tried to sign in and pay with that and it told me that
the new name was inactive. I will need some help after the close if you have the time.

[HappyFriday]

Cobra -- I'm going to give you a recommendation here. I think you should take what I tell you, and raise these questions for legal council. I'm not a lawyer so you can't just trust what I say at face value. I think what you can do is take what I say to you and bring it up to securities lawyer to see if what I'm telling you is true. So take this as advice on how to approach or ask the right questions of legal council instead of this being legal advice in an of itself. This will be very helpful for you I think.

I fully understand why you don't feel like you're in a "legal position" to be giving financial advice. First let me tell you that from what I am told by one of the top securities law firms in the country, the SEC defines "financial advice" as giving financial advice to a client for a fee. The key element here is "for a fee." If someone goes out and tells everyone they should "buy x" or "buy y" publicly without collecting a fee to give such advice, there's no issue. This comes directly from my legal council which are quite literally some of the very best and well-known securities lawyers in the world.

Now I've also learned that collecting "subscription fees" for a PUBLICATION is not considered a fee from a financial advice perspective. You're ok if you do some commentary for a broad audience and not on a personal one on one standpoint. So for example, if a subscriber of yours said I want to pay you $1,000 extra a month for you to tell me what to buy and sell, that would fall under the SEC definition of financial advice.

One thing you can do which will protect you under free speech is to just simply disclose what you would do in a situation. Instead of giving advice, you're just leading by example by saying what you would do. You can, instead of saying, hey buy x or sell y, say something like this. "I'm buying x right here" or "I'm selling Y right here" or "I would buy x or y in this situation." Yet, another way to approach this which will accomplish the same goals without running into a legal problem is to run models. Model portfolios.

For example, what you do is set up a "fictitious portfolio" with monopoly money for jouranlistic and educational purposes. In this monopoly money account you can always say, here's what we're buying and here's what we're selling. That would be one way to do it without running into an issue.

If you want, I can get you connected to my legal council. We're talking one of the top firms in the country. And the good thing about the law firm is they understand that not everyone can afford to pay the highest fees. They take clients of all sizes. They do that because they want to invest in the future. They took me on as a client because they believe in my future and that the firm will make a lot of money on me down the line. This firm represents multi-billion hedge funds. Let me know. They're really cool and would definitely talk with you.

I think it wouldn't be a bad idea on your part of just learn a bit about the rules. I know a lot of people have a general "feel" for what the rules might be. But I will tell you that it's not always what you would think. There are things that you think you're not allowed to do, but that you can do very easily.

Thanks Andy. I'll consult my lawyer too. I think I've been doing most like you said: demo account, mechanical signals, research portfolio etc. but as you said, I'd make sure everything exactly as what I understood. Thanks again.

Live is short. Why take it so serious ? Master Cobra just entertains his fans everyday, and he has to cover his cost and brain juice too. So, what is the big deal here ! What about people using facebook to call up an "occupy Wall Street", should facebook be charged for big thing ?

[heavenskrow]

ES

[BullBear52x]

I min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PAGING Baron von WhatsHisName
Am preoccupied with getting out alive on TNA, and also testing my new “European Real Time” access. I know u like it complex, but remember Al likes it simple. Am running correlation studies to find what European stuff correlates highest/best with SPX so I can watch just coupla things instead of twenty.
So far, ran correlations on real time: $XSF, FXE, $XJY, UUP/UDN, FXF, $ITDOW, $CHDOW, $INL, $CAC, DBV, $DAX, $FTSE, $XED, $XAD, FXY, FXA, and more in progress.
POP QUIZ: Which currency (not country exchange) correlates BEST with SPX at the moment, pending further research?
(Clue: you introduced me to it months ago)
Let’s see if Rob can confirm this:
http://www.youtube.com/watch?v=Abt8aAB- ... re=related

here you are I was just talking about your killer internals. who is Rob?

[stucap]

ES

To all of you SPY traders:

ES looks very bullish......

[BullBear52x]

SPX: I am working with a DZZ

If correct price is now establishing a lower high = possible wave (B)

Then one more down leg = wave (C) should establish the bottom of the wave (2) or (B)

The target remains the 1233 area (Double Top and extension 1 x 1)

TWT, so you know, nice work keep it coming.

[uempel]

Waiting for something to happen soon: