02/13/2012 Intraday Watering

[pidge66]

OR target and potential down channel.

[BullBear52x]

Bears need to pray here that the $VIX will pick up some stream here.

Yo Barrie, u ever short XIV?

I never trade VIX/TVIX

[TraderGirl]

Is this where we are...????

New LOD today, Best call trophy today will be presented to TraderGirl.

My chart looks like a low today (because of space), but I think the low could come 14th-16th...

[stucap]

nothing to say. A channel here.

channel is broken --- i seek retest of LOD?

[SWalsh]

SWalsh

Screenshots don't work for me. One image I once posted via ScreenCast.com was viewed over 1,600 times but I had no idea where it went or who saw it. Sorry.

1600 times? What's wrong with that? Hell, I'd have a subliminal message of some sort in it, although I can't think of a witty one at this moment!

Okay. perhaps "ABOLISH THE FED" might be it. Although I can think of little worse than saying Congress runs all things financial.

[Cobra]

no failure allowed for bears here. I don't see sharp sell off so probably bulls are ok.

[SWalsh]

My current disdain for EW and this absurd pump Sunday night to the contrary, it looks like an impulse wave down from the opening, a 3 wave corrective move up, and while I haven't looked, I suspect Cobra has a shaded bar on a chart of equidistant length pointing down at this time.

[Wallstreetrader]

Just a question could be considerate an Bear Flag Cobra or is too extensive ?

[Al_Dente]

5min
Bots are not selling this yet, real bears are
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256816464

TWT: got it thx
Evil: avatar is toooo scary

[Cobra]

My current disdain for EW and this absurd pump Sunday night to the contrary, it looks like an impulse wave down from the opening, a 3 wave corrective move up, and while I haven't looked, I suspect Cobra has a shaded bar on a chart of equidistant length pointing down at this time.

target. but I don't believe it.

[BullBear52x]

no failure allowed for bears here. I don't see sharp sell off so probably bulls are ok.

bears can not afford another top wedge break out. it will totally messing up any thing I planned for today.

[Cobra]

Just a question could be considerate an Bear Flag Cobra or is too extensive ?

yes, could be a bear flag but also it means bears are not strong because just a little pullback then already a flag, so no urgent selling I see.

[Wallstreetrader]

Thank You.

[rhight]

A Cobra's Market View exclusive (I don't have a blog). By applying a BB to CPCE (inverted so I don't have to invert my brain) this allows for longer term variations. More easily seen in a 5 year time frame. This 6 month view allows more detail. Note the neg. divergence and prior instances. Peruse and misuse to your pleasure.

[luckystar2006]

SWalsh
Frankly, if everyone here simply posts links to his own blog, I have to make this forum private. I have very large audiences, you sure benefit a lot from posting links to your website here and my old blog for all those years. I think I've enough rewarded you. Please now, since you have your own membership site, at least be fair to me. Either you post images directly here, or you stop posting anything. Thanks.

Having been a fan of Cobra for years (even though I dislike some of his calls sometimes, but nobody is perfect), I could tell the amount of works he has done for years to get to this far. So, I do agree with him that it is NOT appropriate to try advertising your own link on here unless being asked by readers as well as with Cobra's permission.

[TraderGirl]

Some interesting Astro trivia on BAC...indications 2013/2014 looking bad....I have seen charts indicating we go from Dow 14,000 in 1Q 2013 to Dow 8000 by end of 2014....

Bank of America - false highs before a 2014 dip (07 Feb 2012 11:50):
Bank of America is cutting back sharply getting rid of real estate and trimming $8 billion in annual expenses. Sales last year of $33 billion in assets boosted its equity, helping it to absorb any unexpected losses. That's why the shares are rising. The better than expected US jobs figures also help.
There are three charts for Bank of America and all of them showed up the 2008/09 debacle well - 17 October 1904, 1 May 1927, I October 1998.
All three charts are showing a substantial amount of pressure this year no doubt due in part to the massive reorganisation - with some anxiety. There are some moments of cheer as well. Two of them show 2014 as a time of major setbacks.
This fits with CEO Brian Moynihan's personal and CEO charts. He was made CEO 1 January 2010 and that indicates major challenges and some upheavals this year - with a more than a hint of over confidence leading to disappointment. Where that chart starts to run into major problems is 2013/14 with tr Pluto and tr Uranus in hard aspect to the 10 degree Libra Sun with financial setbacks in 2014, worsening considerably in 2015.
His own personal chart, 9 Oct 1959, also has the finance-high-hopes write large across it this year with some dashed dreams following - that picks up from February this year. His nadir comes in 2015 or maybe just before with Solar Arc Neptune conjunct Saturn and Solar Arc Uranus conjunct his Libra Sun which is by 2015 sagging under the tr Pluto square and tr Uranus opposition.

[Cobra]

trend line. don't count on it.

[TWT]

EUR: The option of a Leading Diagonal looks so far ok if the wave (b) of (V) does not breach (eod print) the rising trend line.

If the wave (B) is in place then 1 x 1 target for wave (c) = 1.3326 (don´t give it for granted as sometimes the last wave of a LD/ED can truncate)

(thewavetrading.com)

[jarbo456]

...think cougar was the only one following this...but FTK is finally almost at the target price i set two weeks ago...it shaked and baked some of my shorts out...but i kept a nominal position.

[Cobra]

hmm, new channel.