Back to www.cobrasmarketview.com

05/26/2011 Intraday Watering

Post Reply
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 05/26/2011 Intraday Watering

Post by KENA »

I don't see any reason why the Mkt would not go higher today.The Econ. data for the last 2 weeks has not been good and the Mkt goes up.So why not up today.Something is wrong.
Top
User avatar
Anaconda
Posts: 487
Joined: Fri May 06, 2011 2:57 pm

Re: 05/26/2011 Intraday Watering

Post by Anaconda »

KENA wrote:I don't see any reason why the Mkt would not go higher today.The Econ. data for the last 2 weeks has not been good and the Mkt goes up.So why not up today.Something is wrong.
I think even the bots are starting to get angry with the manipulation. :twisted:
Top
User avatar
Cobra
Site Admin
Posts: 64721
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/26/2011 Intraday Watering

Post by Cobra »

watch the dollar, if it drops like shit again, then no TA or FA or whatever A is needed, everything will be up. :mrgreen:
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Top
stockcycle
Posts: 329
Joined: Fri May 20, 2011 6:31 am
Location: Vietnam
Contact:
Contact stockcycle

Re: 05/26/2011 Intraday Watering

Post by stockcycle »

EUR/USD is bouncing up means Bulls are supported
Top
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 05/26/2011 Intraday Watering

Post by agnosia »

this week is done... the big day was yesterday .. everyone is out at the hamptons already enjoying the sun..
Top
gabor
Posts: 298
Joined: Mon May 09, 2011 6:16 am

Re: 05/26/2011 Intraday Watering

Post by gabor »

Cobra wrote:watch the dollar, if it drops like shit again, then no TA or FA or whatever A is needed, everything will be up. :mrgreen:
Cobra, could you let me know when you close your yesterday's short?
Top
User avatar
Cobra
Site Admin
Posts: 64721
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/26/2011 Intraday Watering

Post by Cobra »

gabor wrote:
Cobra wrote:watch the dollar, if it drops like shit again, then no TA or FA or whatever A is needed, everything will be up. :mrgreen:
Cobra, could you let me know when you close your yesterday's short?
I don't close until stop hit.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Top
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 05/26/2011 Intraday Watering

Post by uempel »

This is tricky, economic results are so gloomy that the Fed might be considering QE3. Implementation would shoot the shorts in the same way the Seals shot Bin Laden... Another hint is BPSPX, which is at support. I don't feel very comfortable with so much uncertainity and I covered my shorts.
SPX3.png
Top
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 05/26/2011 Intraday Watering

Post by uempel »

Cobra, did you get any edge from the sentiment charts this morning?
Top
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 05/26/2011 Intraday Watering

Post by KENA »

agnosia wrote:this week is done... the big day was yesterday .. everyone is out at the hamptons already enjoying the sun..
What sun.It is 47 deg. and raining.
Top
User avatar
Cobra
Site Admin
Posts: 64721
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/26/2011 Intraday Watering

Post by Cobra »

uempel wrote:Cobra, did you get any edge from the sentiment charts this morning?
those newsletter writers start to look for correction which means we'll see a new high soon, if history still repeats. too bad for bears.
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Top
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 05/26/2011 Intraday Watering

Post by uempel »

Update:
SPX4.png
Top
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 05/26/2011 Intraday Watering

Post by agnosia »

KENA wrote: What sun.It is 47 deg. and raining.
80's in nyc & the hamptons today.
Top
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 05/26/2011 Intraday Watering

Post by uempel »

Update of the daily:
SPX5.png
Top
User avatar
pezhead9000
Posts: 380
Joined: Tue Feb 15, 2011 9:34 am
Contact:
Contact pezhead9000

Re: 05/26/2011 Intraday Watering

Post by pezhead9000 »

stockcycle wrote:EUR/USD is bouncing up means Bulls are supported
"Euro Surges On News Chinese White Knight To Make Repeat Appearance, Attempt To Bail Out Europe For Second Time"
http://www.zerohedge.com/article/euro-s ... pe-second-
Top
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 05/26/2011 Intraday Watering

Post by KENA »

uempel wrote:Update of the daily:
SPX5.png
I agree but I would like to see 1310 and lower for a bit. I like your charts Uempel. Thanks
Top
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 05/26/2011 Intraday Watering

Post by uempel »

Cobra wrote:
uempel wrote:Cobra, did you get any edge from the sentiment charts this morning?
those newsletter writers start to look for correction which means we'll see a new high soon, if history still repeats. too bad for bears.
Thanks.
Top
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 05/26/2011 Intraday Watering

Post by cougar »

SPX 1315 support level holds OK
Top
User avatar
soku
Posts: 1893
Joined: Fri Mar 25, 2011 10:02 am

Re: 05/26/2011 Intraday Watering

Post by soku »

agnosia wrote:
KENA wrote: What sun.It is 47 deg. and raining.
80's in nyc & the hamptons today.
lol me sitting on beach, trading on ipad, and doing some bird watching
The goal is not uniformity. It is understanding and idea exchange.
Top
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 05/26/2011 Intraday Watering

Post by agnosia »

i like a reversal at 1310 for a possible inverted h&s on the hourly...
Top
Post Reply

Return to “Traders Lounge”