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03/28/2012 Intraday Watering

Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 2:51 pm

well, I think there're chances the low was in for today. could be a double bottom here.
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Re: 03/28/2012 Intraday Watering

Postby KeiZai » Wed Mar 28, 2012 2:55 pm

My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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Re: 03/28/2012 Intraday Watering

Postby tomsky » Wed Mar 28, 2012 2:56 pm

EURUSD higher high, 4th from the low. But the up move is overlapped, looks corrective. Maybe more down tomorrow.
Edit: As Cobra said in the past, if bears don't dare to hold overnight and sure looks like it, tomorrow most likely will be red.
Last edited by tomsky on Wed Mar 28, 2012 3:03 pm, edited 2 times in total.
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Re: 03/28/2012 Intraday Watering

Postby BullBear52x » Wed Mar 28, 2012 3:00 pm

My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 03/28/2012 Intraday Watering

Postby shumushu » Wed Mar 28, 2012 3:02 pm

wow, double bottom so fast. 8 white bars on the 5minutes.
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 3:04 pm

not a valid breakout but no harm to know the target.
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Re: 03/28/2012 Intraday Watering

Postby fehro » Wed Mar 28, 2012 3:08 pm

trendlines...watch breakdown 1385?, or could be another triangle forming, or another bull flag.. or...?
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Re: 03/28/2012 Intraday Watering

Postby usctrojan99 » Wed Mar 28, 2012 3:08 pm

Cobra,
Thoughts on FCX? It broke down after a near month of consolidation. Filled the December end gap, but held so far. Looking at prior quarter ends, there's a sell-off, it usually makes a move the first part of the following month.
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Re: 03/28/2012 Intraday Watering

Postby stucap » Wed Mar 28, 2012 3:11 pm

usctrojan99 wrote:Cobra,
Thoughts on FCX? It broke down after a near month of consolidation. Filled the December end gap, but held so far. Looking at prior quarter ends, there's a sell-off, it usually makes a move the first part of the following month.


Highly correlated to the metals (and well equity). Not likely to rally if the market goes down. So if you think we're headed to 1500+, damn good buy with FCX. I'm long at 37 (but not from this time around) and holding, maybe adding.
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Re: 03/28/2012 Intraday Watering

Postby BullBear52x » Wed Mar 28, 2012 3:13 pm

Cobra wrote:not a valid breakout but no harm to know the target.

My lead man says sell. this is the decision point
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 3:13 pm

usctrojan99 wrote:Cobra,
Thoughts on FCX? It broke down after a near month of consolidation. Filled the December end gap, but held so far. Looking at prior quarter ends, there's a sell-off, it usually makes a move the first part of the following month.


Not good looking, a breakout, measured move target. I don't believe 100% target but 61.8% is possible.
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Re: 03/28/2012 Intraday Watering

Postby Petsamo » Wed Mar 28, 2012 3:14 pm

usctrojan99 wrote:Thoughts on FCX?

Look at JOY too. It's more hammered than FCX.
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Re: 03/28/2012 Intraday Watering

Postby xXRichXx » Wed Mar 28, 2012 3:14 pm

Since FCX came up a few time today, here's someone else's views.
http://blog.kimblechartingsolutions.com/
Nice for the simple folks like me that prefer to not watch the 5min all day, heh.
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 3:15 pm

normally, should be 2 legged up here.
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Re: 03/28/2012 Intraday Watering

Postby Valance » Wed Mar 28, 2012 3:17 pm

BullBear52x wrote:
Cobra wrote:not a valid breakout but no harm to know the target.

My lead man says sell. this is the decision point



When you say sell do you mean go short for breakdown or sell your shorts because market is going up?
Last edited by Valance on Wed Mar 28, 2012 3:18 pm, edited 1 time in total.
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Re: 03/28/2012 Intraday Watering

Postby usctrojan99 » Wed Mar 28, 2012 3:18 pm

Cobra wrote:
usctrojan99 wrote:Cobra,
Thoughts on FCX? It broke down after a near month of consolidation. Filled the December end gap, but held so far. Looking at prior quarter ends, there's a sell-off, it usually makes a move the first part of the following month.


Not good looking, a breakout, measured move target. I don't believe 100% target but 61.8% is possible.


At the end of last December, we saw a dip below that horizontal trend line, and saw a huge run up in January. Not saying it will happen here, but will be interesting to see what happens. Commodities have been hammered all day. I've got FCX with an average of $38 and getting a decent 3% yield. Considering dipping in but hesitant as this could turn down to $33-$34, as well. May scale in a little right here.
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Re: 03/28/2012 Intraday Watering

Postby BullBear52x » Wed Mar 28, 2012 3:22 pm

Valance wrote:
BullBear52x wrote:
Cobra wrote:not a valid breakout but no harm to know the target.

My lead man says sell. this is the decision point



When you say sell do you mean go short for breakdown or sell your shorts because market is going up?

I'll be more clear next time, normally it's intraday move, some times couple times a day. you can get better idea of what's in my mind click my link below.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 03/28/2012 Intraday Watering

Postby Al_Dente » Wed Mar 28, 2012 3:24 pm

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Re: 03/28/2012 Intraday Watering

Postby gappy » Wed Mar 28, 2012 3:28 pm

LME copper price futures stepping down four months out so far. Silver must hold this 32/oz support or risk 30 then 28. China is key.
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Re: 03/28/2012 Intraday Watering

Postby Valance » Wed Mar 28, 2012 3:29 pm

BullBear52x wrote:
Valance wrote:
BullBear52x wrote:
Cobra wrote:not a valid breakout but no harm to know the target.

My lead man says sell. this is the decision point



When you say sell do you mean go short for breakdown or sell your shorts because market is going up?

I'll be more clear next time, normally it's intraday move, some times couple times a day. you can get better idea of what's in my mind click my link below.


Thx Bull- checked out your page.
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