06/14/2011 Intraday Watering

[Cobra]

pullback as i said. my feeling however, there's at least one more push up, but i'm very alert here now. Look at my eyes:

[cletus]

ok, those who become very bullish today, be sure to pay a little attention to the volume. which pattern is destined to fail and which one means the real push up?

ISEE is very high today. Likely a pullback tomorrow. I don't see the bears as being very strong either on any timeframe. This is what one would expect from a market is that is in a consolidation phase.

I mean, just look at the daily S&P chart. All I see are a bunch of A-B-C type waves. It's obvious to the naked eye.

[StrikePrice]

ok, those who become very bullish today, be sure to pay a little attention to the volume. which pattern is destined to fail and which one means the real push up?

So if 2pm-4pm volume is bigger than 10am-12pm volume that's a good sign for BULLS or are we talking multi-day here?

[Cobra]

ok, those who become very bullish today, be sure to pay a little attention to the volume. which pattern is destined to fail and which one means the real push up?

So if 2pm-4pm volume is bigger than 10am-12pm volume that's a good sign for BULLS or are we talking multi-day here?

looks at the constantly down up volume. This is called price volume negative divergence, a sudden volume surge would mean an exhaustion in pushing up.

[Cobra]

ok, those who become very bullish today, be sure to pay a little attention to the volume. which pattern is destined to fail and which one means the real push up?

ISEE is very high today. Likely a pullback tomorrow. I don't see the bears as being very strong either on any timeframe. This is what one would expect from a market is that is in a consolidation phase.

I mean, just look at the daily S&P chart. All I see are a bunch of A-B-C type waves. It's obvious to the naked eye.

indeed.

[Sqwii]

agree with Cobra and the volume - volume decreasing to the upside = very weak...

Target range reached today 1290-1295 , we got there , next target for me is below 1270 if I'm right over next 1-2 days

[Sqwii]

Cobra - if you can do a chart of UUP 30 min chart - then I see a very potential inverted HS pattern with right shoulder being in at 21.2 - if so , major rally in dollar and plunge in euro to come (which means for me - markets lower)

[Cobra]

Cobra - if you can do a chart of UUP 30 min chart - then I see a very potential inverted HS pattern with right shoulder being in at 21.2 - if so , major rally in dollar and plunge in euro to come (which means for me - markets lower)

I'm NOT BEARISH on dollar, but nowadays dollar rally doesn't mean stock market going down. it all depends on AUD.

[oldpigwang]

Cobra: Could u please re-post your link for L1, L2... which you posted yesterday. I lost it, want it back. TThanks a lot.

[seeyou]

cobra .. no decline Today or yesterday.. means trend is up ?

[Cobra]

tough call here. my feeling or more accurately wishful thinking is one more push up at least. i'm on full alert here, look at my eyes again

[Cobra]

Cobra: Could u please re-post your link for L1, L2... which you posted yesterday. I lost it, want it back. TThanks a lot.

it's in getting start.

[Cobra]

cobra .. no decline Today or yesterday.. means trend is up ?

huge up tomorrow means bears are dead AGAIN. for now, hard to say.

[PRI]

tough call here. my feeling or more accurately wishful thinking is one more push up at least. i'm on full alert here, look at my eyes again

Agree, XLF and BKX are rising again after a pull back w/ the majors.

[Cobra]

i see very tiny double bottom here (you may need see 1 min chart to get the idea), a H2, so hopefully up up up ole' ole' ole', up up up ole' ole' ole'!

[HK88]

cobra .. no decline Today or yesterday.. means trend is up ?

huge up tomorrow means bears are dead AGAIN. for now, hard to say.

If huge up tomorrow, then we could see 1315 in the short term. There is not a whole a lot of resistance between 1296/1300 and 1315. But first, we should finish at day's highs and preferably a MAD (actually it will be first since Dec 1st, 2010)

[cc2265]

tough call here. my feeling or more accurately wishful thinking is one more push up at least. i'm on full alert here, look at my eyes again

Cobra, how do you feel 2 push up, 3 push up or more? thanks.

[Cobra]

remember if this indeed is today's final push up, it could fail at any time, doesn't have to be a higher high. that said, if breakout the previous high decisively, then more up to go. i think now you should get how i gauge the market strength. yeah, all about the strength, feel it, feel it around you.

[dr659]

Cobra: Could u please re-post your link for L1, L2... which you posted yesterday. I lost it, want it back. TThanks a lot.

Go up to top of this page ,Clic Trading, you will see Getting Start.

[Cobra]

tough call here. my feeling or more accurately wishful thinking is one more push up at least. i'm on full alert here, look at my eyes again

Cobra, how do you feel 2 push up, 3 push up or more? thanks.

feel the force around you. you need time to get the feel. Years to become a Jadi master it takes.