I tried getting in here earlier. I couldn't get access. There were a lot of fancy trend lines, moving averages, ellipses, but you guys missed the most obvious trend line.
This is my first post to this excellent board...have been reading an learning a lot...(Cobra, you're a dynamo!!!...nice work)
Here is a post that stood out in my mind from last week...excellent call!
<<Re: 06/23/2011 Intraday Watering
by trust_yr_instinct » Thu Jun 23, 2011 1:17 pm
careful bears ! you have end of quarter end ( Q2 ) next week and only 4 days left to cover your very profitable positions for the quater, ( cover now while you can not when you HAVE to ) PMs and big Hedge fund managers will HAVE to mark up things next week for their performance bonus to kick in, and as we saw in the past ( ie esp march 2011 ) performance chasing, bonuses and the Q END numbers matter more than " ALL ELSE " ...even the nuclear problems in march didnt stop them from bringing the market back up into Q1 end... so ? what happens if everyone has to chase in the next few days !!>>
Last edited by stingrey on Fri Jul 01, 2011 3:15 pm, edited 1 time in total.
Cobra wrote:well, guess, that's it for today. not much to say today. a little bigger picture, the very first visible pullback on the SPY 60 min or daily chart is buy, very rare this kind of push up fails right away.