05/27/2011 Intraday Watering

[alvian33]

CObra, do you think we will visit the highs of the day today? you normally mention that 2-3 push up pattern, do you think we might visit the highs today?

[agnosia]

Skiing Off A Cliff...

http://www.youtube.com/watch?v=SwbP9WLX3fY

this is a great video... you need to both fear and respect the mountains because they are a much more powerful force than you are ( just like the markets ) . when i was in BC 5 people died at the resort i was skiing at....

[gabor]

What will drive this rally next week with vix as low as it is and the euro rally in doubt ?

some of us have been asking the same question for the past 2 years including me... YES WE CAN don't need any reasoning.

Bears can make a rally.

[MajorEasy]

60 minute just became a short term sell with tight buy stops...

[gabor]

Gap down to 1303 or below is also possible.

[KENA]

The NYSEBP did add a little green the last two days but is far from changing trends.They are still pointing dn.I do not trust this 3 day up move.Since i put faith in the NYSEBP i still think the mkt will go lower. I hold short with protection for my swing trades. This has nothing to do with my intra day trades.These can change by the hour. Wait and see.

[agnosia]

i am long 1327.50... i think we close at 1329.

[KENA]

i am long 1327.50... i think we close at 1329.

Good Luck.

[Cobra]

target reached and rebound from the OR low, and H1 long on the 3rd leg down, so I think it has chances to go much higher from here presumably 2 legged up at least.

[Cobra]

CObra, do you think we will visit the highs of the day today? you normally mention that 2-3 push up pattern, do you think we might visit the highs today?

not sure.

[Cobra]

still a little shy of my mini pullback target. still looks like a bull flag, so the action is not bearish.

laoda, does AAPL's chart also look like a bull flag? Thanks~~

nope, that's a different story. AAPL looks not bullish at all.

[agnosia]

i am long 1327.50... i think we close at 1329.

Good Luck.

thanks...

[Olly Varadi]

I'm not sure that any long would want to hold over a three day weekend, I guess the VIX will drop even more (not a student of the VIX so I may stand corrected), potentially three very weak up days which doesn't normally jive with the 4th (Tuesday) being a big up day.

I suspect we may close marginally red but funnily enough, 4 down weeks are usually followed by a week up - unless we are on the edge of something very nasty but we haven't really gone down hard enough for a nasty surprise.

JMHO

[Cobra]

ok, my guess for the beginning of the next week: should be at least one more push up. so guess bulls will have a good long weekend from here.

[Olly Varadi]

Clearly there are far braver souls than I out there!

[Cobra]

indeed a strong rebound and this should be a 2 legged up at least.

[alvian33]

Cobra, there is no words to thank your hard and transparent work you do here, I lear and thanks to you, my account is adding little by little more value, so thank you for your work, and have a great weekend, I guess you do not have the memorial day over there on monday.

[Cobra]

Cobra, there is no words to thank your hard and transparent work you do here, I lear and thanks to you, my account is adding little by little more value, so thank you for your work, and have a great weekend, I guess you do not have the memorial day over there on monday.

thanks. you have a nice long weekend!

[Cobra]

could be a pullback or something here, guess that's it for today. US$ dropping a like a shit now, so guess bulls are on better position for the long weekend.

[99er]

EURUSD
Out of room.
http://99ercharts.blogspot.com/2011/05/eurusd_7758.html