06/01/2011 Intraday Watering

[Cobra]

cobra any thoughts why dollar is down and the market down as well? usually they go opposite?

yes, usually. so whether today's selling is for real we'll have to wait and see because QQQ is not selling off too.

[Cobra]

Thanks. Oh, yesterday revisited high.. so now we should consider short at bounce? Thanks

I won't say that "short at bounce", hard to say.

[cougar]

AAPL: the curse of the parabolic ramp…

[Cobra]

support and double top text book target.

[cletus]

support and double top text book target.

I see head & shoulders target under 131.60

[stockcycle]

SPX paid back nearly 2 day gains!!!

[cougar]

Cletus: maybe 131.35

[Cobra]

another rebound attempt, but normally, should fail. we'll see.

[MajorEasy]

out of the 500 stocks in the S&P (SPY)
32 stocks are advancing..

[nasa1100]

revenge push up to new high...

[BlackThought]

cobra any thoughts why dollar is down and the market down as well? usually they go opposite?

yes, usually. so whether today's selling is for real we'll have to wait and see because QQQ is not selling off too.

hiii cobra, the QQQ tends to do better than the other major indexes in the month of june. techs rally.

here's a chart from stock trader's almanac:

[uempel]

I love this kind of trading, but it exhausts me. I'm off for today. Here a last glance at SPX 1325/1330, which in my view is crucial:

[Cobra]

cobra any thoughts why dollar is down and the market down as well? usually they go opposite?

yes, usually. so whether today's selling is for real we'll have to wait and see because QQQ is not selling off too.

hiii cobra, the QQQ tends to do better than the other indexes during the summer. techs rally.

here's a chart from stock trader's almanac:

interesting, thanks.

[cletus]

Silver busting higher. May have bottomed there! Oh well. We'll see how it trades in the coming days.

[mlif]

cobra any thoughts why dollar is down and the market down as well? usually they go opposite?

yes, usually. so whether today's selling is for real we'll have to wait and see because QQQ is not selling off too.

hiii cobra, the QQQ tends to do better than the other major indexes in the month of june. techs rally.

here's a chart from stock trader's almanac:

Different period though. Do you have data for S&P 500 after 1971?

[uempel]

Bye guys, but before I leave a last comment: the beauty of grid charts is that they work! I first drew this chart 90 minutes ago (SPX5) and posted it here, and now the sequel SPX7:

[Bencat]

another rebound attempt, but normally, should fail. we'll see.

very strong down! --SPY may test 133 again.

[gabor]

Today is new moon. It means a start of a new cycle. But we have to figure out if it is a bull or a bear cycle.

[SigmaEcho]

another rebound attempt, but normally, should fail. we'll see.

Hi Cobra, you have any stats on first day of the month red days. what follows?
Thanks

[MajorEasy]

QQQ back inside the red forks