09/30/2011 Intraday Watering

gabor · Post by **gabor** » Fri Sep 30, 2011 3:55 pm

Cobra wrote:one reminder though, the selling this round is much much weaker, all bars are overlap, so it's time for bears to be careful. Don't underestimate the power of bull side.

It is very interesting how we speculate about the drive of different movements.
Slower and less volatile movement is not less, but even more convincing for me that the trend is firm and steady. I think, fast movement are rather driven by panic and I suspect liquidation of bad positions in the background. I believe that fast up is due to the liquidation of bear's bad positions while fast down is due to the liquidation of bull's bad positions. I do not think that the fast up and down of the past month was series of winning trades for bulls and bears ... I may be wrong.

KENA · Post by **KENA** » Fri Sep 30, 2011 3:58 pm

COBRA...Thanks for the week...Have a good everyone we are having GOOD CLOSE.

Post by **Cobra** » Fri Sep 30, 2011 3:58 pm

well, guess that's it for today. the next week to the following few weeks will be bears safe zone, STATISTICALLY. and 75% chances today's low will be broken the next week. Thank you ladies and guys. I'll see you the next Monday.

frankthetank · Post by **frankthetank** » Fri Sep 30, 2011 3:59 pm

Double bottom at 1100. Next week the bulls will come back at 1100

buyorsell · Post by **buyorsell** » Fri Sep 30, 2011 3:59 pm

Have a weekend to everyone!
We want to see a healthy cobra next week.

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 3:59 pm

Cobra wrote:well, guess that's it for today. the next week to the following few weeks will be bears safe zone, STATISTICALLY. and 75% chances today's low will be broken the next week. Thank you ladies and guys. I'll see you the next Monday.

Thanks for everything Cobra.

silkway · Post by **silkway** » Fri Sep 30, 2011 3:59 pm

Thanks everyone. Have a nice weekend. Cobra, you are great!

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 3:59 pm

Margin call will not kick in until 111.30 is breached. Gap down Monday will do the job.

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 4:00 pm

thanks KingCobraDragon and everyone here
this was “fun” week
“fun” meaning P/L green [investopedia.com]

rhight · Post by **rhight** » Fri Sep 30, 2011 4:00 pm

It's been real. Holding my shorts over the weekend (but not what's in them) and adjusting stops.

Thank you, Cobra. Have a good weekend.

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 4:01 pm

Covered the rest of my puts at the close. I do expect it to go lower next week, but my puts were way out of the money (SPY 100) so their upside was limited.

Have a good weekend everyone!

99er · Post by **99er** » Fri Sep 30, 2011 4:01 pm

(Reuters) - Stocks were on course for their worst quarter in three years on Friday as economic data from China and Europe fueled fears of a global economic slowdown while Morgan Stanley plummeted on concerns about its exposure to European banks.

Equities were heading for a fifth monthly fall and their worst quarter since the height of the credit crunch in the fourth quarter of 2008. The S&P 500 index has lost nearly than 13 percent this quarter and 6 percent in September alone.

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 4:01 pm

Thanks Cobra and all great chartists on the board, be nimble have a great weekend all.

Petsamo · Post by **Petsamo** » Fri Sep 30, 2011 4:02 pm

3.95 million last buy on SPY
735 K last buy on IWM
Someone thinks we gap up Monday.

jaijailyc · Post by **jaijailyc** » Fri Sep 30, 2011 4:02 pm

great week... everything went as planned. Have a great weekend, see you next week. I have some auditing to do in the field next week Monday so will not be able to trade with ya!!!

grachu · Post by **grachu** » Fri Sep 30, 2011 4:03 pm

hey cobra I wanted to thank you for responding to my apple question .! thank you ! appreciated

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 4:03 pm

BullBear52x wrote:only people will going long thru the weekend is working for GS.

joke circulating
GS is so ruthless they r shorting their own stock

bushwaffle · Post by **bushwaffle** » Fri Sep 30, 2011 4:06 pm

Al_Dente wrote:
BullBear52x wrote:only people will going long thru the weekend is working for GS.
joke circulating
GS is so ruthless they r shorting their own stock

It has never taken me a week to get to a dang bar before...and this one was overrated. I'm gonna drink at home....

CognitiveDissonance · Post by **CognitiveDissonance** » Fri Sep 30, 2011 4:09 pm

Thank you Cobra!

This board was a huge help in getting back into the game after some significant losses and staying out for a while.

Thank You!

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 4:11 pm

bushwaffle wrote:
Al_Dente wrote:
BullBear52x wrote:only people will going long thru the weekend is working for GS.
joke circulating
GS is so ruthless they r shorting their own stock
It has never taken me a week to get to a dang bar before...and this one was overrated. I'm gonna drink at home....

you earned it !

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09/30/2011 Intraday Watering

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