11/18/2011 Intraday Watering

[KENA]

Not to much to say..Some leaders are turning green..Dorsey Wright P&F chart of the NYSEBP only .65 % from changing trend to dn.Wait and see.

[joeynickels]

anyone had problem connecting our site last night?

Unable to connect last night... no problem this morning.

[99er]

Honey...will you take pictures?
SPX http://99ercharts.blogspot.com/2011/11/spx_9756.html

Okay. Honey at the starting gate.

[KENA]

Cobra..No problems last night or this morning.

[jarbo456]

Uncle Al...what's your dow squeezers saying today?

[soku]

just realized if i don't log in, the clock is 1 hr off

[uempel]

I've got to be careful: yesterday was proof that I^m much too focussed on a bullish outcome. Although my charts showed support 1230 very clearly, I couldn't believe my eyes when it broke. A triangle broken to the downside - this was too much for my bullish bias and I kept on believing "this must be a beartrap... ". I was lucky not to lose any money (even made some in the early bounce), but my performance "as a trader" was really bad. I have to reset my brain.

Looking at this chart at the mom, waiting for a dip down to 1200 or a jump to 1235:

[BullBear52x]

I am buying TYP, so you know where the weakest link is

i like typ, but am concerned about apple's strength right now.

today might be a faz day.

look at INTC trades below 23.85 I can be relax. I know Buffett buying tech that's why I sell them. IBM hanging on the line of Mid BB, well looking at MSFT...not puuuuuuty now that's evil talk.

[jarbo456]

I am buying TYP, so you know where the weakest link is

i like typ, but am concerned about apple's strength right now.

today might be a faz day.

look at INTC trades below 23.85 I can be relax. I know Buffett buying tech that's why I sell them. IBM hanging on the line of Mid BB, well looking at MSFT...not puuuuuuty now that's evil talk.

and like magic, aaple just went negative. LOL

good stuff man.

[soku]

feel like we need to go to mid 1220s

[BullBear52x]

Bull flag

[KENA]

Looks like AMZN is a good play right now..Coming back good.Thats all I have for now.

[Al_Dente]

confluence support lines from FIbo combo and pricing level with channeling target., the concrete floor that Bulls built will be interesting to see when we get there. I draw this chart last night good for longer term view.

what’s the concrete floor 120.06…or ?
Like Cobra’s overnight “…$120 must be taken too, otherwise it still could be an ABC wave down or Bull Flag on daily chart...”

U ever sleep dude?
I tried watching the “Twilight” movie last night on the tube…fell asleep before the middle.
….Why do the kids like that stuff? …… families of vampires and all?
On a related note, here are intraday internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Petsamo]

F is doing well. JPM should do well if we rally.

[jarbo456]

if the market is cuing off the EUR/USD, then the bull flag is looking more like a busted one on the EUR/USD chart. hard to say, but obvious this market is still just settling into the day.

hpq is up 3% for the dow.

[Mr. BachNut]

Still carrying pilot short.
My mechanical model went to a sell yesterday (earlier than expected).
Interestingly, my model uses different variables than Cobra's Non-stop. I'll take the alignment as confirmatory.
I am not happy with the signal though because the model when applied to the Russell 2000 and DJ Completion Index is still long.
So, while the headliners of the market (SPY, QQQ) are rolling over, the corpus is still OK. No stake through the heart of the rally yet.

I am inclined to sell a rally today (if we get it) and add a layer to the short given the signal but not aggressively given the divergence.
I'll use the profit in the pilot short to allow me a comfortable stop loss overall.
As I imagine a clack of folks shorted the triangle break and another clack (like me) will short a retest of some kind, I'll plan on a squeeze somewhere along the way to shake out weak hands and cause me a pain in the butt. I'll keep some dry powder to exploit that too if it makes sense. We'll see how it goes.

[Cobra]

Excellent chart last night Cobra. One of your best. I'm trying to replicate it myself, are your charts only able to be made with a membership to stockcharts?

yes, you have to have membership with stockcharts. And you cannot copy CPCE:RSP chart, the top I can tell you is MACD( 21, 55, 1), I cannot tell you the bottom it's program generated parameter and I keep adjusting them, you can use EMA20 though, no big differences. Besides the CPCE:RSP chart, all other chart in my chartlist, if you want to copy the parameter, just ask me, I'll give you the link contains all the settings but you have to have stockcharts membership to use the link, otherwise, I can just tell you the settings, you can easily set them via other charting services.

[Roadrunner]

Cobra
no problems connecting last night or today.

Is this a range day or trend day?

[rpccharts]

We are headed down to test the OCT lows on daily - watch relative volume - and KING Dollar of course.

A Bullish brief respite MAY occur - IF yesterday's ES 1206.50 low will hold and that the market heads on its way above ES 1300. The only thing that would cast doubt on this a close today below 1208.50 towards LOWER weekly LOWS.

[BullBear52x]

confluence support lines from FIbo combo and pricing level with channeling target., the concrete floor that Bulls built will be interesting to see when we get there. I draw this chart last night good for longer term view.

what’s the concrete floor 120.06…or ?
Like Cobra’s overnight “…$120 must be taken too, otherwise it still could be an ABC wave down or Bull Flag on daily chart...”

U ever sleep dude?
I tried watching the “Twilight” movie last night on the tube…fell asleep before the middle.
….Why do the kids like that stuff? …… families of vampires and all?
On a related note, here are intraday internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Cobra's number on his report last night, I like every single number he mentioned. my charts is for entertainment only. I got 8 hours of sleep last night it's Friday see? got to have some energy.