12/06/2011 Intraday Watering

[TWT]

SPX: Possible s/t count

[Me XMan]

Holding anything positions?

not good looking at es here.

[BullBear52x]

SPX: Possible s/t count

Nice, 125 is critical. need to hold there.

[BullBear52x]

Holding anything positions?

not good looking at es here.

EDZ and TZA

[proteus46]

I'm sure most people read Tom Demark's prediction yesterday for the SPX to reach 1330 before Christmas, peaking
around December 21st (or after 4 consecutive up days).

Something interesting, since early December, SPY has bounced off of the middle Keltner channel and went
back to the upper band, 4 times (circled on chart). Same thing happened yesterday. There is no economic data to prevent the
SPY from going up today.

However, I'm neutral ( I have no idea what's going to happen).

As we continue to watch paint dry, the middle Keltner band is around $ 125.55.

[CMT]

I'm a true believer in the VIX out of the BB for almost a week, seems like easy money. Loaded up some 32.5 Dec calls

[BullBear52x]

My SPY line in the sand

[KENA]

FYI..Dorsey Wright P & F charts are still adding X's and is looking better everyday.Only 3 out of 15 sectors are now in O's.The NYSEBP one of the more important has to go only 0.28 % to go to X's.Stocktiming.com stated yesterday was a mild acumulation day so the big funds are starting to buy.I have been slightly on the bullish side and will remain there until things start to change.Realize we still can have dn days but a few dn days do not change the trend right away. I'm starting a small list of stocks to short when things change and that may not be to far off.Later....PS I think all of you traders who visit this site even though it is free should sign up for the 10 bucks/mo.Even if you don't read Cobra's nightly review this site only is worth it. Think about it.

[wayne0708]

SPY prints a higher high and now will leave the building using the back door.

what higher high?

[Me XMan]

SPY on the V bounce.

My SPY line in the sand

[jarbo456]

wow. was that a head jiggle down? two down...three up...what's next?

[Cobra]

I wouldn't count on H&S bottom but maybe you like to see that way, so here we go.

[Al_Dente]

Internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

“Cyber Week (…ending December 2) reached a record total of nearly $6 billion… In addition to Cyber Monday, which became the heaviest online spending day on record at $1.25 billion, two other days broke the billion-dollar mark in spending…”
http://www.auctionbytes.com/cab/abn/y11/m12/i05/s05

PAGING COUGAR, thanks for slv… but I still don’t understand how to use pall……
Yo cougie: no pants alert (parental advisory) http://www.youtube.com/watch?v=yoajdUEYBIE&ob=av3e

[SB73]

I am looking for yesterday's gap to be closed before adding any long positions.

[rockfish]

Hi Cobra - I signed up and paid last week. Really enjoy your site. Everywhere I look this morning I see Tom Demark prediction of 1330 by Dec 21, then a crash - so there is a good chance something other than this will transpire

[Al_Dente]

SPY prints a higher high and now will leave the building using the back door.

Yo Jimme, which SPY are u watching?
PS: U see Cobra’s mechanical portfolio last night?
“The system will try to short gold … [today]. Set DZZ buy stop at $4.65, stop loss around $4.30”

[BullBear52x]

Why EDZ? EEM is weakest link it is. can't turn here, down we go.

[soku]

me on some conf. mind absent for most of the time until people just said cad will crash tomorrow.
this is how i start my day

[Me XMan]

Looking like a triangle and then zooming up.

Why EDZ? EEM is weakest link it is. can't turn here, down we go.

[KENA]

For those who don't Read Schaeffer's Daily Report they are recommending shorting FSLR for a move to 37. This could be a good one. Later