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06/08/2011 Intraday Watering

06/08/2011 Intraday Watering

Postby Cobra » Wed Jun 08, 2011 9:04 am

Small gap down, but below yesterday's low, so not sure if the gap will get filled or not. We'll have to wait and see. A little consolidation below the breakdown point would be very bad while on the other hand sharply rebound would be very good for bulls.
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Re: 06/08/2011 Intraday Watering

Postby AK84 » Wed Jun 08, 2011 9:14 am

Good Morning Cobra!!
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Re: 06/08/2011 Intraday Watering

Postby alphahorn » Wed Jun 08, 2011 9:17 am

me thinks a green close today
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Re: 06/08/2011 Intraday Watering

Postby FJoe » Wed Jun 08, 2011 9:20 am

Just seems not normal we would go straight down to 1250 (if that is where we are going) without a 20-30 point bounce first. Is the overnight action similar to 5/2 where it traded up overnight and opened well off the highs...and then 5/25 where it traded down overnight and opened well off the lows. Similar, thought not as big to those days.
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Re: 06/08/2011 Intraday Watering

Postby 99er » Wed Jun 08, 2011 9:20 am

Good Morning.
A six and an eight...lucky numbers!
ES: http://99ercharts.blogspot.com/2011/06/es_08.html
Expecting a possible bounce around 1270.
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Re: 06/08/2011 Intraday Watering

Postby cletus » Wed Jun 08, 2011 9:22 am

I'm putting a short on nat gas and watch for some extremely bullish action in crude the next few sessions.
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Re: 06/08/2011 Intraday Watering

Postby cougar » Wed Jun 08, 2011 9:23 am

Good morning Cobra!
SPX: the kiss of death happened yesterday before the Bernank delivered his fuzzy and ambiguous speech….
The written version of the speech was already in the hands of the banksters and subjected to a “content embargo”…LOL!
There is some talking around that a fixing of the damage should be expected today!
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Re: 06/08/2011 Intraday Watering

Postby 90ufo » Wed Jun 08, 2011 9:24 am

cletus: how is your signal for SPX, yesterday was confirmed bullish, how about now?
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Re: 06/08/2011 Intraday Watering

Postby cougar » Wed Jun 08, 2011 9:25 am

Selling IWM. Fast RENKO:
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Re: 06/08/2011 Intraday Watering

Postby PurpleRosesLover » Wed Jun 08, 2011 9:26 am

Cobra , I have a question about your statistics for IWM weekly Bearish Engulfing:
http://lh6.ggpht.com/-dCEJd-JqBuk/TerJM ... 25255D.png
Your statistics in the table says “hold for 1.5 weekly bars, we win 11 times out of 11 times.”
What does “holding for 1.5 weeks” mean?
For example, if I shorted SPY @ 130.42 at last Friday (June 3) close, by definition of 1.5 bars,
does it mean:
A) I close position at any time during next next week (during June 13 and June 17)?
Or does it mean:
B) I close position on exact Wednesday next next week which is June 15?
Thanks !
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Re: 06/08/2011 Intraday Watering

Postby cletus » Wed Jun 08, 2011 9:28 am

Watch for a turn higher in cotton in the next few days. Could be a great trade as this thing moves.
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Re: 06/08/2011 Intraday Watering

Postby 99er » Wed Jun 08, 2011 9:29 am

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Re: 06/08/2011 Intraday Watering

Postby cougar » Wed Jun 08, 2011 9:29 am

SPX weekly: a bearish crossover.
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Re: 06/08/2011 Intraday Watering

Postby StrikePrice » Wed Jun 08, 2011 9:30 am

Good way to see which way Futures are going into the open.

http://algofutures.com/wow-indices/wow- ... ing-chart/
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Re: 06/08/2011 Intraday Watering

Postby Cobra » Wed Jun 08, 2011 9:30 am

PurpleRosesLover wrote:Cobra , I have a question about your statistics for IWM weekly Bearish Engulfing:
http://lh6.ggpht.com/-dCEJd-JqBuk/TerJM ... 25255D.png
Your statistics in the table says “hold for 1.5 weekly bars, we win 11 times out of 11 times.”
What does “holding for 1.5 weeks” mean?
For example, if I shorted SPY @ 130.42 at last Friday (June 3) close, by definition of 1.5 bars,
does it mean:
A) I close position at any time during next next week (during June 13 and June 17)?
Or does it mean:
B) I close position on exact Wednesday next next week which is June 15?
Thanks !


That 1.5 week is just an average: some cases the IWM down straight for 2 more weeks but some cases the IWM up one more week then down 2 weeks in a row, so on average it's 1.5 meaning not necessarily the next week. By the way, the software treat that 2 weeks down in a row as one weekly bar, so that's why you see 1.5 weekly bar instead of 2.5 or 3 weekly bar something - just let you know that nothing wrong here.

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Re: 06/08/2011 Intraday Watering

Postby HK88 » Wed Jun 08, 2011 9:30 am

ChiOsc on daily SPY is lowest since last July dip...
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Re: 06/08/2011 Intraday Watering

Postby Roadrunner » Wed Jun 08, 2011 9:31 am

cletus - i am short NG as well .. but will cover before the inventory report, which I suspect will be very bullish since some areas of the country have heat waves - and we love our air conditioning
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Re: 06/08/2011 Intraday Watering

Postby Cobra » Wed Jun 08, 2011 9:32 am

the open.
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Re: 06/08/2011 Intraday Watering

Postby cletus » Wed Jun 08, 2011 9:33 am

LOOK AT CRUDE RUN
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Re: 06/08/2011 Intraday Watering

Postby agnosia » Wed Jun 08, 2011 9:34 am

oh man the opec gods have helped this morning... got long 98.70... now at the weekly pivot so i sold 100.58... wow.

the spread is a record levels - brent over 118 ..

http://www.futurespros.com/energies/bre ... ming-chart
Last edited by agnosia on Wed Jun 08, 2011 9:35 am, edited 1 time in total.
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