06/03/2011 Intraday Watering

[cougar]

DRL: good point on PALL! We shall see...

[pablorynx]

NFP, fade the big move on the open, either up or down

[Cobra]

cobra, in your view, so far does it look like a tipical NFP day? reversing to the upside, or you still expect a touch of the lows before real bounce?

Bear Flag was already fulfilled. now we need next pattern to make my next call. I have no idea if the market would reverse today. need watch awhile.

How do you trade in these situations ? U just sit on theside ? or make speculative bets?

I trade only patterns. There's difference between knowing the path and walking the path.

[Cobra]

huge bar with volume surge, if this is not an exhaustion bar, then pretty much bears are dead. QE3 will be in the play, i'd ask you guys donate me CANADIAN DOLLAR please no US$!

today the NFP usual pattern does happen! bear dead!

What is NFP pattern? Even Cobra mentioned as well.
Thanks...

ah ha, didn't read my report last night, or you don't know i have report everyday, actually 2 reports everyday.

[shumushu]

I think today's gap will fill actually. My reasoning. $tick is doing great. $vix is actually in red which usually leads the market.

[99er]

COMP
Swimming against the current.
http://99ercharts.blogspot.com/2011/06/comp_03.html
And when the levee breaks...

[jyao]

What is NFP pattern? Even Cobra mentioned as well.
Thanks...

ah ha, didn't read my report last night, or you don't know i have report everyday, actually 2 reports everyday.

Okay, got it, Non Farm Payrolls.
I know you have reports everyday, but I didn't read it last night.
Thanks...

[BullBear52x]

I still feel good not cover this morning, feel like losing some gain, but this time is different I think.

[cougar]

SPX: Sq of at 1297,posted yesterday morning, is support today. LOD was 1297.90. We could test it one more time...

[alvian33]

cobra you are too quite today!

[99er]

SPX
Levee's gonna break.
http://99ercharts.blogspot.com/2011/06/spx_6924.html

[Cobra]

cobra you are too quite today!

nothing to say. If I see possible pivot, i'd say. for now, everyone is buying dips, i really hope all could be right...

[KENA]

I still feel good not cover this morning, feel like losing some gain, but this time is different I think.

I did not sell my shorts either.This may be good spot to add to more shorts.The low will be revisited and may go lower.

[HK88]

Next economic report is due Tuesday 3.00pm (consumer credit). If bulls can finish strong today, there could be a bit more upside going into next week...

[KENA]

Fed. Fisher said no need to ease so QE3 may be off the table.Mkt is now moving dn Wait and see.

[Cobra]

info only, for bear case, the usual patten would go like this.

[Cobra]

bulls need H2 here to seal the deal.

[alvian33]

cobra, any thoughts on /CL? thank you

[Cobra]

no H2 yet, wait...

[Cobra]

cobra, any thoughts on /CL? thank you

I'd think it as Bear Flag on daily chart.