03/22/2012 Intraday Watering

[soku]

1385/86 area on es was last week pull back low. there are some fib lines in that area as well. i expect some battle here.

[TWT]

SPX: Too many options on the table. Needed more price info

[TraderGirl]

Hello all! This is my 1st post so first of all I would like to thank Cobra for his analysis which i apreciate and follow daily.

These are my quick thoughts about S&P 500, NDX 100 and DAX 30. These are all hourly charts.

I would apreciate your feedback.

sp500.jpg

NDX 100.jpg

dax.jpg

Nice charts Jose, keep them coming....

[Me XMan]

Ain't saying anything...just let them ride BABY!

[KENA]

SOKU..Your YOKU has lots of shorts and looks like it could have a good pop up at any time. What do you say????

[knock]

We had a major Bradley turn date on March 16: if you look at the Dow, it made a high on the 16th and has been going lower ever since....

how did Feb's turn dates go?

[soku]

Ain't saying anything...just let them ride BABY!

damn, now i know what's going on. every time there is any drop, u r calling santa. as a result, this year's santa rally lasted to now!!!

[Harapa]

is it the turning point? is it because of some model based on stars? or is it because of equinox? or is it because of demark since he called a complete of count down last friday?
anywaya, i need vix to rise to a good level or it is super boring

Both SPY and IWM completed a new TD sell setup in “perfect” configuration yesterday and a day before respectively. In bull markets these signals often don’t materialize into sell offs.
IWM Technical’s pretty negative, but can turn up rapidly. Also note that price is sitting right above resistance/support line going back early February (Yellow downward sloping line). Since my long term models are all in Buy mode, I am not expecting major correction here. We might just tread water around the support/resistance line for a while.

[johnnywa]

We had a major Bradley turn date on March 16: if you look at the Dow, it made a high on the 16th and has been going lower ever since....

how did Feb's turn dates go?

Did we not make higher high on Monday,seems like a rounded top .Reread Merriman,very bearish from March 22-29

[KeiZai]

Updates

CVX more to come

Nasdaq sitting on channel

Russell

[TWT]

NDX : If only a pullback (buy the dip stuff) I would expect at least 2 down legs

[soku]

is it the turning point? is it because of some model based on stars? or is it because of equinox? or is it because of demark since he called a complete of count down last friday?
anywaya, i need vix to rise to a good level or it is super boring

Both SPY and IWM completed a new TD sell setup in “perfect” configuration yesterday and a day before respectively. In bull markets these signals often don’t materialize into sell offs.
IWM Technical’s pretty negative, but can turn up rapidly. Also note that price is sitting right above resistance/support line going back early February (Yellow downward sloping line). Since my long term models all in Buy, I am not expecting major correction here. We might just tread water around the support/resistance line for awhile.

i don't have demark's chart, and i cannot find it online at this moment. interesting, he showed his counts on es daily, but not spx.
on his chart, there is only countdown, no setup. so i think either he hided the setup or even bloomberg doesn't have a "good" version.
if the countdown works, i expect to see some major correction.

[TraderGirl]

We had a major Bradley turn date on March 16: if you look at the Dow, it made a high on the 16th and has been going lower ever since....

how did Feb's turn dates go?

There was no major Bradley turn date in Feb....

[Petsamo]

I think we hit Cobra's downside target ...

[soku]

trying to recreate demark chart. he submitted his chart last friday after close with countdown to 12. on monday 13 was in.
on chart you can also see my fork, 2 bars for possible pull back target i put together long time ago when jarbo was asking why that tuesday was not a trend reversal. i just draw a line at 1370ish (could be high 1360s) which i believe to be the minimum.

[Cobra]

target, 60% chances.

[knock]

We had a major Bradley turn date on March 16: if you look at the Dow, it made a high on the 16th and has been going lower ever since....

how did Feb's turn dates go?

There was no major Bradley turn date in Feb....

Thanks!

[Petsamo]

long XME 49.24, 100 shares

[Harapa]

i don't have demark's chart, and i cannot find it online at this moment. interesting, he showed his counts on es daily, but not spx.
on his chart, there is only countdown, no setup. so i think either he hided the setup or even bloomberg doesn't have a "good" version.
if the countdown works, i expect to see some major correction.

As you know this is not the best software for these countings but I trust it this time as this matches with my spreadsheet calculations.

[Al_Dente]

15 min