06/01/2011 Intraday Watering

[Cobra]

cannot help showing off here: the best call I made yesterday. Basically, I said in yesterday TSX report that TSX told the truth while you US guys lied AGAIN!

http://www.hutong9.net/forum.php?mod=re ... omuid=1650

[99er]

SPX
Now that's a Bearish Engulfing!
http://99ercharts.blogspot.com/2011/06/spx_2601.html

[Mr. T]

Get us to SPX 1000-1100 and then we'll talk about QE3.

People will be BEGGING for it.

Crack addict bulls......

[Cobra]

here comes the 3rd push down. cannot decisively breakdown (which I think chances are a little higher), then that's it for today for bears. let's see.

[cougar]

Cletus: I am an admirer of your trading skills. I also noticed your “nerves of steel”.
Many thanks for posting here. Keep on doing this great job!

[cletus]

Yes, I wouldn't recommend anyone take a trade without doing the research, but if people can't do the research and don't understand why I was shorting oil yesterday at the open and it's now down 3% from that level, then they shouldn't be trading period. Other people just post charts and saying nothing that has any meaning or value to me. I'd like to see them post their actual trades because that says something about their confidence.

Anyone can post a chart. Other people have courage and balls.

Hey cletus, wouldn't it be strange (and stupid) if some newcomer just picks up an idea in a forum like this and risks his money without understanding the ups and downs of the market? I believe the great opportunity here is to learn applications of TA - and nothing else.

To just copy some trade from anybody, even from Cobra, is not very wise...

cletus wrote:
I post these hugely profitable trades on here and it seems like some other people get a lot of thanks and credit for posting a chart and giving hardly any advice at all (not speaking about cobra). Strange world we live in.

Just look at oil. I said I was shorting USO off the open yesterday at 40.70 and a now it's under 40.

You're welcome.

[Cobra]

a follow through next bar would mean the 3 push down is over, it's bull's turn now for 2 legs up. let's wait to see if indeed. The rebound shall again be stronger than highlighted area at least.

[Cobra]

no follow-through yet, be patient. I still think it's the 3rd push down near end.

[Cobra]

overshot, volume surge, still think the 3rd push is near end. again, info only, don't trade against trend.

[Mr. T]

Cobra = we need to fire Cramer and see your mug on the tube each night.

Then people would have someone that knows their crap.

That is.... until GS replaces you with the "Manchurian Cobra"

Heheheh,

[Cobra]

a follow through (H2) is needed here to seal the deal, wait...

[Cobra]

too bad, lunch time. hope the market simply consolidates here...

[BullBear52x]

See the dotted line for counter trade or intraday short cover.

[uempel]

Cletus: Yes, I wouldn't recommend anyone take a trade without doing the research, but if people can't do the research and don't understand why I was shorting oil yesterday at the open and it's now down 3% from that level, then they shouldn't be trading period. Other people just post charts and saying nothing that has any meaning or value to me. I'd like to see them post their actual trades because that says something about their confidence.

Anyone can post a chart. Other people have courage and balls.

I guess "Anyone" is me, and you're the impressive guy with courage and balls - congrats!

[FJoe]

For tomorrow. The last 6 times the S&P was down 22 points or more after an up day (meaning today), the following day was up 5 of the 6 times. The time the S&P went down again, the market opened slightly lower. In the other cases the following day opened up. See 10/19/10, 11/16/10, 1/28/11, 2/22/11, 3/1/11, 4/18/11.

[BullBear52x]

Fib 78.6% 132.55 we parked. chow time.

[99er]

uempel: "I guess "Anyone" is me"

Me too. And he's the one with the winning personality.

[Cobra]

good, rebound indeed. let's see if my target call could be right or not.

[c_k]

Well, i for one find value in what all 3 of you post.....regardless of whether you are putting your money where your mouth is or not. Thank you

[99er]

BKX
Update.
http://99ercharts.blogspot.com/2011/06/bkx.html