05/31/2011 Intraday Watering

[Cobra]

I am SHORT oil. I repeat, I am SHORT oil!!

CL chart looks more like a consolidation before further breakdown to me, so may not be a bad idea.

[99er]

SPX
Nice channel.
http://99ercharts.blogspot.com/2011/05/spx_31.html

[jynmax]

GM

[shooker]

I am SHORT oil. I repeat, I am SHORT oil!!

CL chart looks more like a consolidation before further breakdown to me, so may not be a bad idea.

is CL a stock counter? trading at around 86 bucks now... thanks

[Cobra]

I am SHORT oil. I repeat, I am SHORT oil!!

CL chart looks more like a consolidation before further breakdown to me, so may not be a bad idea.

is CL a stock counter? trading at around 86 bucks now... thanks

CL is crude futures.

[dr659]

I am SHORT oil. I repeat, I am SHORT oil!!

Question, Why short USO instead of buying DNO?, Something to do with taxes or that 30 day buy rule? Thanks

[Abbly]

http://stockcharts.com/c-sc/sc?s=SPY&p= ... m=o&r=2507
GAP WILL BE FILL ,atleast td low will at 134

[AK84]

Morning Cobra!

Seasonality bullish for tomorrow ?

[Cobra]

Morning Cobra!

Seasonality bullish for tomorrow ?

yes, see weekend report, seasonality session.

[Cobra]

all the recent black bars, so how the current bar and next bar close will be important.

[MajorEasy]

HOD (high of the day) is in

[Cobra]

meanwhile, I want you to pay attention to AUDJPY, not looking good.

[Cobra]

possible exhaustion bar here, so a rebound of some kind should be close, then we'll see.

[Cobra]

my wild guess: VIX is bottomed here. I see clearly "BB Double Bottom". Don't ask me what's BB Double Bottom, it's very basic use of BB which I think most people have forgotten.

[cletus]

I am SHORT oil. I repeat, I am SHORT oil!!

Question, Why short USO instead of buying DNO?, Something to do with taxes or that 30 day buy rule? Thanks

I bought puts on it. I never short any stocks. lol. Too risky.

[Cobra]

rebound as I said, normally, this kind of rebound shall fail. we'll see.

[cletus]

COW update with price projection plotted. I said this had 5 waves down and recommended it at 27.50.

[MajorEasy]

traders still like TLT
surprise it's up today.....

[ken_d17]

Chicago PMI official release is 9:45am, but is released to subscribers on 9:42am, so watch 9:42 action. I guess SPX dip on data miss, then higher on hope of QE3.

UFO , that is most intersting. We saw a tiny negative reaction at 9:42 (QQQ went moved negative , $.05) and at 9:45 another negative reaction ($0.06 on QQQ).

You helped me to understand one of the many mysteries that take place daily !

[uempel]

rebound as I said, normally, this kind of rebound shall fail. we'll see.

Cobra, you once mentioned a rule for these breaks to the upside: if price does not retrace in 2 (?) hours a certain percentage the move will continue up for the day. I wrote the rule down, but I don't find it... Thanks.