06/06/2011 Intraday Watering

[agnosia]

Let me promote my sexy UNG, 8 months of accumulation and break out is about to happen at any moment, longer term investors they will be dying to see this beautiful set up. they tried to shake me out of it in last three months well, buy the dip is on all the way here.

be careful, nat gas has a huge contango so only use UNG as a short term trading vehicle. Trust me I learned the hard way ... now i trade futures directly.

do yourself a favor and just plot UNG returns vs nat gas over a year or so and you will see.

also nat gas traders are bonkers

[agnosia]

hey where is our market guru cobra today?

[Me XMan]

Margin calls going out yet?

[terranmn]

hey where is our market guru cobra today?

writing ipad apps

[Tabby]

hey where is our market guru cobra today?

I was wondering too. He usually announces washroom/ lunch breaks, doctor's appointment, etc.

[chickencoop]

hey where is our market guru cobra today?

I was wondering too. He usually announces washroom/ lunch breaks, doctor's appointment, etc.

too much information

[Cobra]

another possible double bottom here. no idea what the market is doing. kind of having a rest today.

[Tabby]

hey where is our market guru cobra today?

I was wondering too. He usually announces washroom/ lunch breaks, doctor's appointment, etc.

too much information

It is new Cobra GPS.

[cletus]

Watch for a reaction at 1288 or so...this is a key cluster of fibonacci and square of nine values. However, this market looks pretty bidless at the moment with not volume coming on the dips.

But a lack of volume is not always bearish. Sometimes it indicates a vacuum of sellers, too. In this case, I can't be certain whether there's no demand or no sellers left.

[Cobra]

overshot, volume surge, could be a rebound of some kind here, could be a little bigger rebound as I see clear 3 push down here.

[HK88]

I wish we close near 1282 with a MDD, that would be a nice in that 2 MDD within 5 days is a tradable bottom, as far as I can recall...

[99er]

RUT
Update.
http://99ercharts.blogspot.com/2011/06/rut_3904.html
"Told you so."

[PRI]

[Cobra]

another overshot, let's see if volume surges when this bar ends...

[PRI]

spy update.png

OOPS! WRONG ONE!

[ocassional observer]

per the data in yahoo finance we will have a hindenburg omen today if things remain similar, however the wsj count doesn't corroborate.

[99er]

SPX
Still has room to run.
http://99ercharts.blogspot.com/2011/06/spx_6740.html

[PRI]

[BullBear52x]

Let me promote my sexy UNG, 8 months of accumulation and break out is about to happen at any moment, longer term investors they will be dying to see this beautiful set up. they tried to shake me out of it in last three months well, buy the dip is on all the way here.

be careful, nat gas has a huge contango so only use UNG as a short term trading vehicle. Trust me I learned the hard way ... now i trade futures directly.

do yourself a favor and just plot UNG returns vs nat gas over a year or so and you will see.

also nat gas traders are bonkers

A bonker ha? well, got to get my fix. good luck trading all. Hey it's a swiss made knife, very sharp be careful.

[Cobra]

panic selling, i sense.