06/01/2011 Intraday Watering

[Cobra]

again, it's panic sell, could be a sharp rebound anytime but hard to time, so let's just watch.

[alvian33]

can go broke before the rebound, I tried few times today and it costs me a month of gain

[Cobra]

i think here comes the sharp rebound i said, that's bears covering, won't change anything. guess that's it for today, the daily chart looks very ugly, so bulls need be careful now although over 60% chances a green day tomorrow... thank you guys, I'll see you tomorrow.

[cougar]

There is still hope for a higher AAPL:

[Cobra]

hi Cobra,

As you always say INDU is the leader. now almost at May 25th low. SPX will follow soon?

yes, that's a bad sign.

[Cobra]

Cobra, volume is low respect to the size of the red bar......

down day, you don't want to see high volume as a bear.

[Cobra]

another question regarding volumes, the AD is not nearly as bearish as the volume AD, what to make of this, also regarding the AD line made a new high but the market didn't?

good question, long story to answer, maybe another time.