04/27/2011 Intraday Comment

Post by **Cobra** » Wed Apr 27, 2011 2:15 pm

the first leg down as I said. now it's 2:15pm show time. I hope it could wake you guys up!

BullBear52x · Post by **BullBear52x** » Wed Apr 27, 2011 2:15 pm

So, what Uncle Ben gonna say? he will regrease the printing press so it runs smoother? some one need to put no fly zone on this ben copter before corns value skyrock like silver. these days cost me 100$ just to fill up to go fishing what will it be like when we have inflation

I can see myself fishing in the family park pond soon.

maldini · Post by **maldini** » Wed Apr 27, 2011 2:16 pm

Cobra wrote:well, chances for a 2 legged pullback becomes higher and higher. why 2 legged down because I saw clear 3 push up here.

Oracle!

maldini · Post by **maldini** » Wed Apr 27, 2011 2:17 pm

Cobra wrote:the first leg down as I said. now it's 2:15pm show time. I hope it could wake you guys up!

you evil!

Post by **Cobra** » Wed Apr 27, 2011 2:21 pm

BullBear52x wrote:So, what Uncle Ben gonna say? he will regrease the printing press so it runs smoother? some one need to put no fly zone on this ben copter before corns value skyrock like silver. these days cost me 100$ just to fill up to go fishing what will it be like when we have inflation I can see myself fishing in the family park pond soon.

it's ben's nature to respond one step slower than the most people, so I'm not surprised that he denied again about the inflation.

Post by **Cobra** » Wed Apr 27, 2011 2:29 pm

leg is a very vague concept, although I believe this is the 2nd leg down already but if you don't agree, you might be right.

WesMantooth · Post by **WesMantooth** » Wed Apr 27, 2011 2:37 pm

Cobra wrote:leg is a very vague concept, although I believe this is the 2nd leg down already but if you don't agree, you might be right.

I agree. The second wave bounced off the VWAP.

KENA · Post by **KENA** » Wed Apr 27, 2011 2:38 pm

See you all tomorrow.Young son is coming over to take us out for lunch. Can't miss this. I went short on SPY at least until Thur/Fri.

99er · Post by **99er** » Wed Apr 27, 2011 2:38 pm

SPX
Daily...During.
http://99ercharts.blogspot.com/2011/04/spx_6157.html
Ho hum.

cletus · Post by **cletus** » Wed Apr 27, 2011 2:41 pm

Cobra wrote:leg is a very vague concept, although I believe this is the 2nd leg down already but if you don't agree, you might be right.

3 push up pattern ignored. Market may have topped. Vix is positive.

Rezito · Post by **Rezito** » Wed Apr 27, 2011 2:44 pm

Cobra wrote:leg is a very vague concept, although I believe this is the 2nd leg down already but if you don't agree, you might be right.

Cobra, would you call this a cup and handle formation on the 5 min SPY, therefore a break to the upside.

Artyomzzz · Post by **Artyomzzz** » Wed Apr 27, 2011 2:48 pm

I am falling asleep listening to Ben. He should sell CDs with his speeches - "Go To Sleep" series.

Post by **Cobra** » Wed Apr 27, 2011 2:50 pm

Rezito wrote:
Cobra wrote:leg is a very vague concept, although I believe this is the 2nd leg down already but if you don't agree, you might be right.
Cobra, would you call this a cup and handle formation on the 5 min SPY, therefore a break to the upside.

could be and we've already had the breakout just it's too weak. if this breakout attempt failed again, then it'd be bad for bulls. let's see.

AK84 · Post by **AK84** » Wed Apr 27, 2011 2:54 pm

cobra,

would you consider AMZN daily chart as IHS breakout ?

BullBear52x · Post by **BullBear52x** » Wed Apr 27, 2011 2:56 pm

Fib fan is working to the teeth, see the bottom support, I got the real support picture at the very bottom here.

Post by **Cobra** » Wed Apr 27, 2011 2:58 pm

well, that's why recognize the 2nd leg is very important... but I have no idea about where the market is going now. I'll assume it's up.

Post by **Cobra** » Wed Apr 27, 2011 3:01 pm

AK84 wrote:cobra,

would you consider AMZN daily chart as IHS breakout ?

I don't think it's IHS because IHS requires the previous down trend. yes, it's a breakout, it's cup with handle or ascending triangle breakout. but AMZN up after ER means SPX lower price in 5 weeks. remember I said, IBM down means SPX lower price in 5 weeks? So we've got 2 stocks predicting a lower SPX price in 5 weeks.

Post by **Cobra** » Wed Apr 27, 2011 3:02 pm

overshot, no idea if it means pullback, let's wait and see.

maldini · Post by **maldini** » Wed Apr 27, 2011 3:02 pm

BullBear52x wrote:Fib fan is working to the teeth, see the bottom support, I got the real support picture at the very bottom here.

LOL @ the real support

pablorynx · Post by **pablorynx** » Wed Apr 27, 2011 3:03 pm

Why is AMZN up in the AH bearish for SPX?

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04/27/2011 Intraday Comment

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Falling Asleep

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