09/14/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Wed Sep 14, 2011 10:40 am

Al_Dente wrote:
BullBear52x wrote:DBV here, a turn confirmed, I think.
BB52:
You’re obviously not trading DBV, volume too low.
So are you using DBV as a leading or coincident indicator for SPX?
Are you using her to see when/if the EU gets fixed = Bull SPX?
Is it her basket of ten currencies that implies better accuracy than pairs?
In other words: How/why is DBV important, other than that she seems to move when you tell her to.

PS: I don’t think we approved your request for days off.

Not trading it, try one time the volume was too low. I use it as a gauge of carry trade activities it in turns translated to market liquidity, just another favorite tool in my tool box. just like uncle Ben lots of tools are need in this environment.

qtipped · Post by **qtipped** » Wed Sep 14, 2011 10:42 am

took my short position on spy...that means market will go up now!

proteus46 · Post by **proteus46** » Wed Sep 14, 2011 10:44 am

: 5 Minute chart

: Hourly chart

60 minute slow stochs want to rollover. SPY fell to 38.2 Fib line.

BullBear52x · Post by **BullBear52x** » Wed Sep 14, 2011 10:45 am

You know our world is changing when you see the capitalists societies turns to communist China for hand outs.

Post by **Cobra** » Wed Sep 14, 2011 10:45 am

theoretically, this rebound should fail as I see clearly 3 push up, the morning low will be revisited, not sure, just nowadays bullish bias seems working good...

jarbo456 · Post by **jarbo456** » Wed Sep 14, 2011 10:47 am

Cobra wrote:theoretically, this rebound should fail as I see clearly 3 push up, the morning low will be revisited, not sure, just nowadays bullish bias seems working good...

agreed. the bearish setups seem to have a much higher failure rate these days.

silicon_beaver · Post by **silicon_beaver** » Wed Sep 14, 2011 10:48 am

Cobra wrote:theoretically, this rebound should fail as I see clearly 3 push up, the morning low will be revisited, not sure, just nowadays bullish bias seems working good...

If fail after 10:30, that hints CLOSE < OPEN. A red day, right?

proteus46 · Post by **proteus46** » Wed Sep 14, 2011 10:49 am

BullBear52x wrote:You know our world is changing when you see the capitalists societies turns to communist China for hand outs.

will we one day work for their wages and benefits?

Post by **Cobra** » Wed Sep 14, 2011 10:49 am

here's what I mean for 3 push up. it's clear on 1 min chart if you cannot see it on 5 min chart, the bias should be down just as I said, I'm not sure because nowadays mostly up bias works.

BullBear52x · Post by **BullBear52x** » Wed Sep 14, 2011 10:50 am

intraday line in the sand, just a retest?

Post by **Cobra** » Wed Sep 14, 2011 10:51 am

silicon_beaver wrote:
Cobra wrote:theoretically, this rebound should fail as I see clearly 3 push up, the morning low will be revisited, not sure, just nowadays bullish bias seems working good...
If fail after 10:30, that hints CLOSE < OPEN. A red day, right?

no, cannot say this.

jarbo456 · Post by **jarbo456** » Wed Sep 14, 2011 11:00 am

wow. the bears really tried their best on this 5 minute candle. hell of a long tail.

Tabby · Post by **Tabby** » Wed Sep 14, 2011 11:03 am

BullBear52x wrote:You know our world is changing when you see the capitalists societies turns to communist China for hand outs.

That was excatly my thoughts. How come all these who don't like cummunism, they ask for help from China.Obviously capitalist don't know how to check and balance.

qtipped · Post by **qtipped** » Wed Sep 14, 2011 11:04 am

bought more spy puts....

Post by **Cobra** » Wed Sep 14, 2011 11:04 am

too late, after I finished drawing the Ascending Triangle. This only proves nowadays, only bullish bias works.

StrikePrice · Post by **StrikePrice** » Wed Sep 14, 2011 11:07 am

EUR/USD Wedge breakout - needs to get above 1.37 and stay in trend for equities

Post by **Cobra** » Wed Sep 14, 2011 11:08 am

Measured Move target.

Post by **Cobra** » Wed Sep 14, 2011 11:12 am

volume surge, hopefully a little pullback here, then we'll see, and hopefully a 5 min chart 3 push up could be formed which would make my comments are lot easier...

Post by **Cobra** » Wed Sep 14, 2011 11:16 am

target reached, still think there should be a pullback of some kind here.

proteus46 · Post by **proteus46** » Wed Sep 14, 2011 11:16 am

Tabby wrote:
BullBear52x wrote:You know our world is changing when you see the capitalists societies turns to communist China for hand outs.
That was excatly my thoughts. How come all these who don't like cummunism, they ask for help from China.Obviously capitalist don't know how to check and balance.

I love my country, however, the nature of capitalism is to allow all to take the path of maximum wealth. Unfortunately, it allowed complex
financial structures that few understood and it allowed many to become too wealthy too soon (buying large homes that were out of their price range).

The collapse was inevitable as we lost our manufacturing base and we lost jobs to other countries in the past 10+ years.

Ironically, the SPX has gone nowhere since 2000.

Cobra's Market View

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09/14/2011 Intraday Watering

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