12/28/2011 Intraday watering

[ctu688]

very small double bottom here. I don't think it's significant enough to call bottom, still expecting a 2nd leg down.

Hi Cobra,

When it close to the bottom of the channel (124.6ish), do you think it is a buy since you mention that usually the first pull back is a buy?

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/12/copper_28.html
Crude http://99ercharts.blogspot.com/2011/12/crude_28.html

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/12/gold_28.html
Silver http://99ercharts.blogspot.com/2011/12/silver_28.html

[tdo722]

From Cobra yesterday's report: "But, according to the NORMAL top pattern, even today’s high was the high, chances are the high will be revisited soon within a very short time. The chart below illustrated, (again) NORMALLY, the fastest top pattern. So before seeing the very first meaningful pullback and then rebound to test the previous high (either with higher high or lower higher), I cannot prove the top was in yet."

I wouldn't go long until at least minimum spx 1243.

[heavenskrow]

vxx 5 min channel...

[waverider]

ZH should be read for entertainment, nothing more than that. Trade price not news

[99er]

Updates

Dollar http://99ercharts.blogspot.com/2011/12/dollar_28.html
30-Year http://99ercharts.blogspot.com/2011/12/30y_28.html

[L_T]

Haha I love how zerohedge was making such a "superb" post on gold bouncing off the 200DMA and saying its a great entry.... while on the log charts we broke support a long time ago. Bias kills people.

You wouldn't believe the amount of crap zerohedge puts out and the amount of morons that follows. Many of them are on this very board.

well I am one of those followers lol but I hate when everyone on there is absolutely sure on the outcome of gold and silver...when charts tell a different story.

I can't say for certain the future of SLV but this daily chart sure doesn't look bullish......

[bonzodon]

Hi Cobra, I am expecting a bear flag to develop before the second leg can start.......(learned from you only )

very small double bottom here. I don't think it's significant enough to call bottom, still expecting a 2nd leg down.

[heavenskrow]

AEX-Index with candlevolume bars

[Tabby]

ZH should be read for entertainment, nothing more than that. Trade price not news

I agree. They do not reveal all the facts.

[Cobra]

Hi Cobra, I am expecting a bear flag to develop before the second leg can start.......(learned from you only )

very small double bottom here. I don't think it's significant enough to call bottom, still expecting a 2nd leg down.

yes, we're probably making a bear flag here.

[dr659]

out the other half of my SDS (1000) at 19.50 so that means we have more down

[Me XMan]

Writers over ZH are very knowledgeable and insightful. They're way ahead of the game.

ZH should be read for entertainment, nothing more than that. Trade price not news

[tdo722]

out the other half of my SDS (1000) at 19.50 so that means we have more down

Good choice, we're about to have another equal leg down.

[dr659]

out the other half of my SDS (1000) at 19.50 so that means we have more down

Good choice, we're about to have another equal leg down.[/qsu
Sure I sold too early, But I always do

[L_T]

OK guys help me out. If there was only one blog or site you could read regularly (besides Cobra's of course) which would it be? One of my "go to" sites called it quits at Christmas and I feel like I've lost a major source of information. Thanks in advance.

[Cobra]

tinted area could be the rebound target.

[tdo722]

They're just gonna go sideways all damn day until closing. Well, done for today. Still holding short.

[johnnywa]

so wha is in store for tomorrow.Cobra if we hold 1250 is that a buy and retest of top?