05/18/2011 Intraday Watering

[Cobra]

ok, indeed more push up just in time I finish the lunch. now if I may make a wild guess, there're chances that the day's high is in. just a guess. if I'm right, i'd explain why otherwise, I'd pretend that I didn't say anything.

[agnosia]

/cl just hit heavy resistance at 101.38.... i'm selling here for +3.10.... added to shorts at /es 1340...

[99er]

RUT
Gap filled.
http://99ercharts.blogspot.com/2011/05/rut_507.html

[Cobra]

a pullback but cannot prove my call for high was in until the close, right? OK, give you another guess, we may repeat exactly here. again, if I'm wrong, i'd pretend that I never said anything.

[gabor]

ok, indeed more push up just in time I finish the lunch. now if I may make a wild guess, there're chances that the day's high is in. just a guess. if I'm right, i'd explain why otherwise, I'd pretend that I didn't say anything.

I agree, no more high today. Tell me something, Cobra! Why do not you use the continuous trading data for the SPX500. The overnight movement sometimes help to interpret things. Just like today. At least for me. Your charts are full with gaps, missing data. Please, do not argue with the low volume.

[BullBear52x]

Lets put the Bias aside, if we, "IF", breaks down below 133.75 it's known as fail break out. right now looks like a bull trap is in the making.

[Cobra]

ok, indeed more push up just in time I finish the lunch. now if I may make a wild guess, there're chances that the day's high is in. just a guess. if I'm right, i'd explain why otherwise, I'd pretend that I didn't say anything.

I agree, no more high today. Tell me something, Cobra! Why do not you use the continuous trading data for the SPX500. The overnight movement sometimes help to interpret things. Just like today. At least for me. Your charts are full with gaps, missing data. Please, do not argue with the low volume.

I assume you mean ES?

if you stay here long you'll know my story and you'd be shocked that I could work in such a bad condition. anyway, the answer for you now is I cannot read the global ES now but didn't I clearly say in the morning that according to Global ES, we should see more push up?


However if you mean SPX. then the answer is no, you shouldn't use SPX because for certain tech reason, the SPX open price is always wrong and so all the NYSE related indices therefore if you want to read candlestick, then never should you use SPX directly. Lots of people don't know this subtle differences!!!

[Cobra]

support. I cannot exclude the possibilities of going back to test the day high now but certainly there's a chance for breakdown, we'll have to wait and see.

[soku]

will the previous res be the support?
i don't think so. well, i hope not.

[Cobra]

a little bit bigger picture, just don't forget ChiOsc, unless we're bottomed (which I think chances are low) otherwise, this stuff will come back to bite you eventually.

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/05/crude_18.html

[Mr. T]

YoKu,

You still busy making out - or you banking some cash today?

Great calls today COb's

[99er]

Gold
Update.
http://99ercharts.blogspot.com/2011/05/gold_18.html

[agnosia]

you gotta admit in the bulls favor if you look at the hourly on the /es it looks like a few mini inverted head and shoulders ... next neckline is at 1350 where we could have a breakout???

[StrikePrice]

Bear case still looking good.

Probably need to gap over so overnight is going to be key.

[99er]

Silver
Update.
http://99ercharts.blogspot.com/2011/05/silver_18.html

[soku]

you gotta admit in the bulls favor if you look at the hourly on the /es it looks like a few mini inverted head and shoulders ... next neckline is at 1350 where we could have a breakout???

talking about hourly, i just add something to my arsenal
to me it is bearish div, and osc peaked.

[gabor]

I assume you mean ES?

if you stay here long you'll know my story and you'd be shocked that I could work in such a bad condition. anyway, the answer for you now is I cannot read the global ES now but didn't I clearly say in the morning that according to Global ES, we should see more push up?

Yes, you did, you were right. My question was purely technical.

However if you mean SPX. then the answer is no, you shouldn't use SPX because for certain tech reason, the SPX open price is always wrong and so all the NYSE related indices therefore if you want to read candlestick, then never should you use SPX directly. Lots of people don't know this subtle differences!!!

I ment SPX. I do not know what ES or global ES stands for. Seriously. I am very bad at abbreviations. I hope I know the differnce. Daily candlestiks look different, because, the open and the close time is different. Right?

[agnosia]

talking about hourly, i just add something to my arsenal
to me it is bearish div, and osc peaked.

yoku your charts are a bit hard to read . could you make them a bit bigger next time u upload them? which indicator are u using? i like to keep it simple with rsi, macd and williams A/D.

[Cobra]

judging by pink and green, now it seems chances to revisit the day high are little higher.