06/28/2011 Intraday Watering

[agnosia]

this is some end of month / quarter window dressing.. i still say we get to 1310 by next week. because EVERYONE is waiting to get short so the market will continue to climb

we should buy here and there until then but no overnight holding on long trade on any indexes.

totally agree. i trade futures so my stops work overnight .... otherwise i would sell if i didn't have access 24/7.

as soon as everyone becomes a bull again it will be time to get bearish until then i think we have a couple weeks of gains.

[AK84]

Hi Cobra,

Quick question on how to read the Weekly and Daily charts of CMG as I had asked last night. The fact that it has broken up of the ascending wedge pattern, is this considered bullish or is this the last push ? I am asking because I am long CMG with a stop at 300

Thanks.

[BullBear52x]

on daily, we had RSI divergence since 6/14, but pricing level hasn't move higher. this bearish consolidation is through time, not price. another word bears got to be very very very very patience.

[Anaconda]

Anaconda:

Heads up. Bullish Gartley on silver.
http://99ercharts.blogspot.com/2011/06/silver_28.html

Thanks for the heads up. I took half my ZSL position off the table at yesterday's close, for an expected retrace on the dollar. Getting that today. Post-POMO, this week, it's going to get ugly if Greece isn't resolved to the bankers' satisfaction.

You guys watching the treasury markets? LOL!

[Cobra]

target OR high and EMA20. we'll see then.

[rhight]

on daily, we had RSI divergence since 6/14, but pricing level hasn't move higher. this bearish consolidation is through time, not price. another word bears got to be very very very very patience.

UUP (USD) appears to forming bullish ascending triangle with support found today at 50 DMA. Something to watch relative to risk assets.

[cheech]

I think we close the gap up today by the close but still close positive.

[BullBear52x]

on daily, we had RSI divergence since 6/14, but pricing level hasn't move higher. this bearish consolidation is through time, not price. another word bears got to be very very very very patience.

UUP (USD) appears to forming bullish ascending triangle with support found today at 50 DMA. Something to watch relative to risk assets.

Yes, I watched DBV 24 level or descending triangle also. very crucial time for equities bulls.

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/06/gold_28.html
Copper http://99ercharts.blogspot.com/2011/06/copper_28.html
Crude http://99ercharts.blogspot.com/2011/06/crude_28.html

[KENA]

I'm bearish and short right now again..Back to testing lows or what.Wait and see.

[Cobra]

not sure about this H1 long at EMA20.

[lilitulip]

Hi Cobra,

do you think IWM broke out the neckline? any follow through needed for this? thank you

[KENA]

COBRA..I know you like these up phantom pops but now what about the dn phantom pops that happened yesterday late afternoon dn to 126.78. Thanks

[Cobra]

Hi Cobra,

do you think IWM broke out the neckline? any follow through needed for this? thank you

yes, looks like a filed H&S Top but I'd wait for a day or two.

[Cobra]

COBRA..I know you like these up phantom pops but now what about the dn phantom pops that happened yesterday late afternoon dn to 126.78. Thanks

I didn't see that. Show me, must be stockcharts chart, others, may not work, esp, those happened in AH.

[alvian33]

I see the phantom bar as well

[pdz]

COBRA..I know you like these up phantom pops but now what about the dn phantom pops that happened yesterday late afternoon dn to 126.78. Thanks

I didn't see that. Show me, must be stockcharts chart, others, may not work, esp, those happened in AH.

I didn't see that on the IB chart either.

[KENA]

COBRA..I know you like these up phantom pops but now what about the dn phantom pops that happened yesterday late afternoon dn to 126.78. Thanks

I didn't see that. Show me, must be stockcharts chart, others, may not work, esp, those happened in AH.

They show on the spy 5 min chart on TD ameritrade AH there were 6 of them all dn to 126.78.

[bbc]

COBRA..I know you like these up phantom pops but now what about the dn phantom pops that happened yesterday late afternoon dn to 126.78. Thanks

I didn't see that. Show me, must be stockcharts chart, others, may not work, esp, those happened in AH.

I didn't see that on the IB chart either.

only see 127.52 on IB chart, but QQQ? 54.38 yesterday on IB chart

[alvian33]

Its there on TOS charts, but I guess you guys can't see on IB charts