02/16/2011 Intraday Watering

[simpletrader]

any bear still alive ?

still hanging around, just short tiny little bit this morning.

cover some here, will short again tomorrow morning.

[Cobra]

Double Top pullback, 2 leg down to test EMA20, seems pretty strong...

[99er]

SPX
One Black Crow.
http://99ercharts.blogspot.com/2011/02/spx_16.html
Two more coming?

[ContangoKid]

Still not nearly enough NYSE 52 week highs to call a top, back in april there was 650 or so (forget exact #) and about 3 days or so with 400+, this whole rally since august hasn't even seen a 400 print.

Plus what moves stocks more than fear or greed....money flow....and we got a bunch that needs to come in at all costs.

I tend to agree. This market is probably going to see money inflows as more bears capitulate and longer term trend followers either fess up or double down.

That avatar of yours is just wrong on so many levels...but it's a hoot.

[99er]

Copper
Leading?
http://99ercharts.blogspot.com/2011/02/copper_16.html

[EvilTrader]

Watchout folks.

Bulls make money...bears make money....but pigs...get SLAUGHTERED !

[Cobra]

OK, today may not be strong as it appears, see up volume to down volume ratio below, no match of the last time, so a little bit be cautious here.

[EvilTrader]

yeah, i noticed that too cobra.

volume non-confirmation of a breakout.

Right now some bad news concerning Iran and Israel...

Also middle-east is very unsafe as a whole...any piece of bad news can be the catalyst for the long waited 2.5% correction.

[Traderwill33]

Cobra-I love the intra day posts! Thanks so much! I have a quick question.... can the avatar setting be set to have one bigger than 10k jpeg.... hard to find one that small.

[Cobra]

A little bit support here...

[Traderwill33]

I love the way each time the market comes to an inflection point.... the US Dollar gets gang raped!

[Cobra]

Cobra-I love the intra day posts! Thanks so much! I have a quick question.... can the avatar setting be set to have one bigger than 10k jpeg.... hard to find one that small.

Done. 20K max, 192x192 max.

[Cobra]

yesterday's high as support...

[Cobra]

Chances are the pullback isn't over yet...

[Traderwill33]

Cobra-I love the intra day posts! Thanks so much! I have a quick question.... can the avatar setting be set to have one bigger than 10k jpeg.... hard to find one that small.

Done. 20K max, 192x192 max.

THANKS!!!

[wxtrader001]

Fail down so quickly !What is wrong?

[ahdou]

Cobra-I love the intra day posts! Thanks so much! I have a quick question.... can the avatar setting be set to have one bigger than 10k jpeg.... hard to find one that small.

Done. 20K max, 192x192 max.

THANKS!!!

Hi, Cobra, is it possible to fill the gap next? is the 15 minutes rising wedge you mentioned yesterday still in forming? thanks!

[Cobra]

Noticed today the volume is much more heavy than the previous few days, another caution flag...

[Cobra]

Hi, Cobra, is it possible to fill the gap next? is the 15 minutes rising wedge you mentioned yesterday still in forming? thanks!

We could have a bigger wedge.

[Cobra]

Forgot to mention, there was a Double Top pullback short there, petty much mirrors the morning's Double Bottom pullback long I called this morning. I wasn't eyeing the chart at that moment...