06/01/2011 Intraday Watering

[Cobra]

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

No stats, but if we do close deep in red, I'm sure there'll be plenty of such a stats around.

[cougar]

Cobra; Yes, today QQQ is stronger and my QQQ puts don't make enough money. LOL!

[jamesmith]

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:

SPX5.png

leaving alraedy? thanks for the amazing charts~~ have a nice day~~

[stockcycle]

The rebound shows higher Lows! I am loading little by little.

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/06/crude.html

[99er]

Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver.html

[99er]

Gold
Update.
http://99ercharts.blogspot.com/2011/06/gold.html

[Cobra]

just to remind you that I'm still awake. hard to call, no comment here.

[99er]

SPX
MACD Histogram still has a long way to drop.
http://99ercharts.blogspot.com/2011/06/spx_7840.html
We're perhaps half way there.

[MajorEasy]

recently this company has pledged to buy back 50,000 shares of it's own stock.
that's about one billion dollars worth, my guess is that when the company stops supporting
the stock's price.... the price will fall like a rock....
put this one on your watch list, i want to short it to zero.
ever wished you could have shorted buggy whip manufacturers or maybe type writer companies,
how about shorting a printer???????
http://stockcharts.com/h-sc/ui?s=RRD&p= ... 9216254736

[Cobra]

could be H2 long here, not sure. tough call here, there's a chance the rebound could go far this time.

[Cobra]

hmm, bad call. anyway, i'm clueless now, need watch more.

[Cobra]

critical time here, cannot breakdown decisively then the low was in at least for today cuz it's very common bottom pattern, so bears need show strength here, real strength.

[Cobra]

watch the volume, really critical here.

[stockcycle]

I should be sick today!

[Cobra]

info only, MA200 as support.

[mafuada]

Cobra,

Extremely small sample size but on SPY since 1998 when Weekly 2 RSI < 5 and CL > 50 SMA next week returns avg > 2% higher. This was triggered at 1330 so 2% would be approximately
1357.00 by say Monday (allowing for 5 trading days) Sample size 6 though.

Rob

[BullBear52x]

Sit on 5 dma

[cletus]

I post these hugely profitable trades on here and it seems like some other people get a lot of thanks and credit for posting a chart and giving hardly any advice at all (not speaking about cobra). Strange world we live in.

Just look at oil. I said I was shorting USO off the open yesterday at 40.70 and a now it's under 40.

You're welcome.

[Cobra]

this bar is critical, down with no volume, then a rebound will be in the card, down hard with even more volume then an exhaustion bar is in.