06/20/2011 Intraday Watering

[99er]

Good Morning.

Pardon, Monsieur Trichet?
EURUSD http://99ercharts.blogspot.com/2011/06/eurusd_20.html
"Apres moi, le deluge."

[99er]

ES
Back test.
http://99ercharts.blogspot.com/2011/06/es_20.html

[Cobra]

a little trend line here, that's why the price stalled here.

[Cobra]

AAPL

[lumeipro]

AAPL leads the market both way. not a good sign for the market...

[cc2265]

are you trading UNG as well? thanks.

******************
TRADE UPDATE
******************

Please note our IYR long is surging. This is not at all bearish for the markets.

[Cobra]

AAPL again.

[Cobra]

not sure what the market is doing. I'll watch for awhile.

[BBFinance]

Cobra...my blog is only 2 weeks old. All I have been doing is write. Just this weekend I started reading Lisa Sabin-Wilson's book - WordPress for Dummies. I am not very computer savvy; therefore, it took me a while to figure some of the simpliest things out on the computer.

when I started my blog and my forum 4 years ago, I didn't ask anyone to promote for me and neither post any links to any other blogs or forum or web site. Until now, never had I posted any of my links to other blogs, forums or web sites (other than the public chart list in StockCharts). All I want are fairness. If your website is not completed, please stop promoting here, thanks, because I know some others are frequent visitors here and they do have their web sites, some are fee based but they didn't post their links and some did bring me lots of visits so I mean they have even more solid reasons than you to promote here but why didn't they do the same?

Very well said. I had commented earlier that trying to push your own blog in other's site is kind of unethical. More like spam.
Let this forum be a clean one with emphasis on learning and sharing thoughts with respect.
Amen!

[HK88]

AAPL again.

QQQ is flat, I wonder what is making it up...

[budfox]

Cobra,

I will stop posting link on your site. You seem very upset.

[roamingjan]

Hi Cletus, any cycle turns we should watch for today? Thanks in advance!

[cletus]

If IYR can break resistance here a reasonable measured move is shown below for a profit taking level

[cletus]

Hi Cletus, any cycle turns we should watch for today? Thanks in advance!

12:30 EST and 2 EST

[cletus]

are you trading UNG as well? thanks.

******************
TRADE UPDATE
******************

Please note our IYR long is surging. This is not at all bearish for the markets.

No. I screwed up that trade and got out of shorts too soon. And the next two months are seasonally bearish for nat gas, so I would say sell rips if they present themselves.

[barbaragull]

********************
TRADE ALERT
********************

Bought Aug 39 calls on USO for 1.01. Amateurs are taking down crude at this point.

Hi cletus, I am a learner here, and have got much useful info from Cobra and you guys. I am thinking of long crude at some point. I still remember last time when the crude changed direction from 147, it went all the way to 40s (?). Could it be a little early at this time to enter? Thanks.

[cc2265]

Me too, i got out of short at $11.47.
I looked at 20 years NG price, july is not too bad in recent 10 years. September could be the one of the worst

are you trading UNG as well? thanks.

******************
TRADE UPDATE
******************

Please note our IYR long is surging. This is not at all bearish for the markets.

No. I screwed up that trade and got out of shorts too soon. And the next two months are seasonally bearish for nat gas, so I would say sell rips if they present themselves.

[cletus]

********************
TRADE ALERT
********************

Bought Aug 39 calls on USO for 1.01. Amateurs are taking down crude at this point.

Hi cletus, I am a learner here, and have got much useful info from Cobra and you guys. I am thinking of long crude at some point. I still remember last time when the crude changed direction from 147, it went all the way to 40s (?). Could it be a little early at this time to enter? Thanks.

I can't see that far out ahead for crude. My time frame on this trade could be anywhere from one or two days to a week.

When I point out here that "amateurs are taking crude down", what that means is you have small traders coming in and shorting the lows and getting blown out, which is typical at short term turning points, so I think crude will bounce from here. For how long and what price it will achieve, that remains to be seen. I see it as a good short-term trade.

[barbaragull]

I see. Thank you.

********************
TRADE ALERT
********************

Bought Aug 39 calls on USO for 1.01. Amateurs are taking down crude at this point.

Hi cletus, I am a learner here, and have got much useful info from Cobra and you guys. I am thinking of long crude at some point. I still remember last time when the crude changed direction from 147, it went all the way to 40s (?). Could it be a little early at this time to enter? Thanks.

I can't see that far out ahead for crude. My time frame on this trade could be anywhere from one or two days to a week.

When I point out here that "amateurs are taking crude down", what that means is you have small traders coming in and shorting the lows and getting blown out, which is typical at short term turning points, so I think crude will bounce from here. For how long and what price it will achieve, that remains to be seen. I see it as a good short-term trade.

[Cobra]

Cobra,

I will stop posting link on your site. You seem very upset.

thanks, really appreciate.