11/28/2011 Intraday Watering

[2mugs]

Cobra, Just to let you know my payment and registration went smoothly just now.

[quatzl]

Just signed up. Thanks Cobra and the trading community here for all of your hard work.

[Al_Dente]

Just wow intraday internals….. nyadv >2700 right out of the gate…. let’s see if it is sustainable
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[KENA]

Heading into the big city of Seattle in a few minutes.Taking a day off.Got to keep the wife happy to, so see you all tomorrow.Have good trading.

[iamtom07]

Cobra

Thanks for your hard work every day. I have visited your website for a couple of weeks and wish I had seen it earlier.
I paid the monthly fee just now.

Thank you again
Tom

[jarbo456]

has anyone read Niederhoffer's (Victor) "Practical Speculation"? i'm about 75% through it, and wondering about other peoples' thoughts and reactions to it. he spends a good portion of the book debunking technical analysis.

[pady]

Short at 1195. SL: 1210. Got rid of BAC long from Friday. Fun trade. Scalped 25 cents.

[jarbo456]

oil has been heading lower all morning since it's high of 100.74 at 5am. so either it's going to snap back, or the broader market is going to follow it down, IMO.

[alvian33]

Short at 1195. SL: 1210

we never got to 1195 on /es

[99er]

jimme

No car?

http://2.bp.blogspot.com/-84Y64bY8MRw/T ... 2small.jpg

Honey will be right over.

[jarbo456]

no more Barney Frank (in 2012)...another reason for the markets to go up a few hundred points!

[bahurd]

@ Cobra

Confirmation: 7T110706NG9721636

I'm assuming this is recurring monthly? The PayPal page doesn't say.

Anyway, thanks for all the hard work. While I'm still trying to figure out the trading game your site, and all the people who post things here have have given me valulable insight.... "rethink before you press that BUY/SELL button".

Brian

[Cobra]

the consolidation is good, but need more, still too stretched. Overall, good, very good.

[pady]

Short at 1195. SL: 1210

we never got to 1195 on /es

SPY: 119.99. At that time market was approx at 1194.55.

[uempel]

Exited long at 1190, considering these two entry points for shorts, but I'm waiting and not in a hurry:

[Dow Trader]

ES Intering the resistance area

[cougar]

A few more things on the Gann Time Vibration happening today and posted yesterday morning:
It appears that the 300% point will be another reversal. All previous “technical Gann reversals” indicated on this chart resulted in tradable new trends.
The 100% vib. generated a 17d. uptrend, while the 200% vib. was followed by a 13 d. downtrend.
One might also notice the alternation of up and down arrows.

Cougie: is the market open on that chart? Looks like could easily go down to white 3x1, no???

No Al, that chart was uploaded before the opening. But the one below has the opening.
In principle, Gann Time Vibrations have o tolerance of +/- 1%, which here it could mean +/- 3 days. But the past performance of this method is slightly better here, for SPX.
Sure...anything could happen during the next 2 days…but I think that today’s bounce could be IT. I would not count on a big drop right now…

The big question is: how many rounds of “shorts covering” will THEY squeeze out of the “perma-bears” during this typical bear market rally?

[Al_Dente]

has anyone read Niederhoffer's (Victor) "Practical Speculation"? i'm about 75% through it, and wondering about other peoples' thoughts and reactions to it. he spends a good portion of the book debunking technical analysis.

jarbie: missed u terribly Friday, dollar got all wacky, u weren't here, oy
I read his "The Education of a Speculator" a while back, he’s a cocky busterd. Consider posting a “Cliff Notes” version for us all (only half joking)

[fehro]

one for the bulls.... not the cleanest on SPX, cleaner on $RUT

[Me XMan]

and I'm all sold out! No long positions left.