11/28/2011 Intraday Watering

[Cobra]

@ 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

yes, it's a recurring payment.

We're monitoring the payer list, would notify to those who clicked the Donate button, so if anyone did make mistake as he/she actually meant to lock the membership rate instead of a donation, there's still a chance. Thanks.

[pady]

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

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Good entry. I should have done the Fibo before i entered. Hopefully my SL ( 1210 ) will cover these two entry points.

[dcurban1]

MF Global Commentary, November 28, 2011
http://atruecontrarian.blogspot.com/201 ... -2011.html

Reading Material, November 28, 2011 – European Bond Yields and Commentary
http://atruecontrarian.blogspot.com/201 ... -2011.html

Technical Analysis, Monday, November 28, 2011 – Nasdaq and VIX commentary
http://atruecontrarian.blogspot.com/201 ... er-28.html

[Dow Trader]

Dollar hourly ..

[sycamore]

successfully donated and reistered a new user name. Thanks Cobra.

[Mr. BachNut]

Shorted ES at 1193

Me too but just a small pilot position.

I know I said I would do nothing today but... OK price after a gap close and near resistance. Not clear yet that gap at SPY 122 is on deck.
Not sure about this one as it is an early move. May bail but will watch. Still plan on main course later.

[Cobra]

target, 80% chances. And in case it failed today, today's high will be revisited in the next few days.

[Al_Dente]

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?

Thanks, PS: how did last week’s op-thingie work out? The one with the humongous premium, then boom, time value zilch sneaking into early close, and u bag the big one. Being an “old guy” I forgot the details, but I definitely loved the concept.
yo cougie: two string alert here, u know what I mean:
http://www.youtube.com/watch?v=PbeU6kPSK2Y&feature=fvsr
More on $NAAD later

[tomsky]

Quick update for the three peaks scenario: red arrow is (my) the limit for wave 27, it's between 38.2 and 50 retracement from 25. So far so good. GLTA!
Nice call Cobra for the rebound, thx. One more happy subscriber

[Dow Trader]

Hourly YM ( Dow )

[Vaamsy]

Cobra, BAC seems to have a double bottom. If you dont mind can you please take a quick look and tell me the target? Thanks in advance.

[Cobra]

the exact bull target is $120.69, in case you want to ask.

The bear target would be $118.62, should the bull target failed. (you don't need understand this part, I just write here for the record, so that I won't need re-calculate again).

[ryshab]

Cobra, thanks for the great work you do here. I am subscribed and a happy member. Cheers!

[silicon_beaver]

never mind. the time is correct after I login.

[Me XMan]

Hey Cobra. Count me in your membership.

[pady]

Appears the huge pos div ( in all timeframes ) did work from friday. But MACD still < 0. This could just be to get the oversold out.

[Me XMan]

A good shorts squeeze today. I'll buy on the dips this week.

the exact bull target is $120.69, in case you want to ask.

The bear target would be $118.62, should the bull target failed. (you don't need understand this part, I just write here for the record, so that I won't need re-calculate again).

[Unique]

Quick update for the three peaks scenario: red arrow is (my) the limit for wave 27, it's between 38.2 and 50 retracement from 25. So far so good. GLTA!
Nice call Cobra for the rebound, thx. One more happy subscriber

Lol nice find bro. Can someone run their program to see how many times has this occurred? A percentage wise chance?

[Cobra]

Cobra, BAC seems to have a double bottom. If you dont mind can you please take a quick look and tell me the target? Thanks in advance.

that would be: 7.43 + ( 7.43 - 5.12 ) = 9.74. But I wouldn't say that's a Double Bottom until $7.43 is decisively taken. For now you can only say there're 50% chances a double bottom being formed.

[Unique]

Cobra, BAC seems to have a double bottom. If you dont mind can you please take a quick look and tell me the target? Thanks in advance.

that would be: 7.43 + ( 7.43 - 5.12 ) = 9.74. But I wouldn't say that's a Double Bottom until $7.43 is decisively taken. For now you can only say there're 50% chances a double bottom being formed.

Lol..don't think people would like to hold BAC that long. Just ride it to 6.00-6.05 take the 10% baby and dip.