05/25/2011 Intraday Watering

[Cobra]

Small gap down but below yesterday's low so no idea if the gap will be filled or not. The Global ES looks like a nice recovery but the regular hour ES looks like a breakdown of a consolidation area which is pretty bad...

P.S. I made a change about the Register to this form, now users have to answer a series of serious stock related questions. Hopefully this helps to eliminate most of the spams. If this doesn't help then no software would help. So I'll postpone buying vBulletin we discussed yesterday. Thanks for all the support!

[chickencoop]

morning!

[gabor]

Small gap down but below yesterday's low so no idea if the gap will be filled or not. The Global ES looks like a nice recovery but the regular hour ES looks like a breakdown of a consolidation area which is pretty bad...

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P.S. I made a change about the Register to this form, now users have to answer a series of serious stock related questions. Hopefully this helps to eliminate most of the spams. If this doesn't help then no software would help. So I'll postpone buying vBulletin we discussed yesterday. Thanks for all the support!

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Admission test? Do I have to make it?

[agnosia]

man i traded through the night.. i knew that the /es would drop after the market closed. i caught some ticks from a 1305 long. we'll see how long i last today

[lostlamb98]

It looks like I have the privilege not to write "the test".
Very smart move, Cobra!

[99er]

Good Morning.
Welcome to Ben's Busy Day.
First up: the Dollar.
EURUSD: http://99ercharts.blogspot.com/2011/05/eurusd_9262.html

[99er]

BBD
Second: equities.
ES: http://99ercharts.blogspot.com/2011/05/es_25.html

[99er]

BBD
And, perhaps most importantly, bonds.
30-Year: http://99ercharts.blogspot.com/2011/05/30y_25.html

Good luck, Ben.

[cletus]

It is now time to think about exits on our long silver positions. I will probably be out today. The overall target for the price move was 37 or so in SLV (the most conservative target), so at minimum there will likely be a larger pullback off that area. However, the price pattern looks like an ascending triangle with an overall target of 40, so I'm not sure it's the greatest time to exit.

Nevertheless, to stick to the trading plan, the silver cycle terminates tomorrow so I'll be reversing my longs into shorts sometime tomorrow, and I may choose to close out longs a day early since silver has a bad habit of topping overnight and people in the US not getting the benefit in regular hours trading.

Congratulations to those who followed the trade. In one of my accounts, I rode AGQ from 154 to where it is now, near 200.

[shooker]

Hi Cobra my virgin post...Can I assume there is 3 down moves for EUR/USD for this chart, and I can look forward to 2 push ups for now? ...

[terranmn]

Yeh--h---h, just bought at the bottom! Registered before you made such changes. My lucky day.

Thanks Cobra for all you have done! Have a great trading day!

P.S. I made a change about the Register to this form, now users have to answer a series of serious stock related questions. Hopefully this helps to eliminate most of the spams. If this doesn't help then no software would help. So I'll postpone buying vBulletin we discussed yesterday. Thanks for all the support!

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[Cobra]

Hi Cobra my virgin post...Can I assume there is 3 down moves for EUR/USD for this chart, and I can look forward to 2 push ups for now? ...

still hard to say, maybe 3 down, maybe only 2.

[Cobra]

we just had a new comer passed the test!

[FJoe]

Down or up today, anyone see this similar to 3/17 and 4/19 when the overnight traded much lower on the ES and the ES never saw those levels during the regular session. Same is true on the flip side with 5/2 as it trade up overnight and opened well off the overnight high and never reached the overnight high levels.

Tank day or big up day? Thoughts?

[Cobra]

then open.

[Cobra]

big picture, very critical time, a sharp reversal here then bears are dead again!

[agnosia]

please someone win this battle already ..... ahhhhhhhhhhhhhhhhhhhhhhhh !!!! the bears only show their strength in the after hours session...

[BullBear52x]

big picture, very critical time, a sharp reversal here then bears are dead again!

GM, I am thinking the same, this is last line of defense for bulls. in cash and waiting.....tick tock tick tock.....

[stockcycle]

May 25, 2011: Contrarian play to the Bears is not a bad idea.
SPX was unable to close above the resistance 1319 after it’s 7 times failed to breakout and closed @1316.28 above the support 1312.7. The next support would be @1310.32/Fibonacci 50%.

Majority of Asia indexes are in red. Europe market is mixed and US pre-market is slightly in red at the moment.

Today guidelines: It may be a short term bears climax and it is not a bad idea to play in a different way. Simple way, just go long with your selective stocks.
......
https://stockmarketwinner.wordpress.com

[BullBear52x]

I am shorting here, just to test the water.