06/21/2011 Intraday Watering

[TrendTrade]

Something that looks pretty bearish to me is the rising wedge in the EUR/USD. I see them ALL the time in this currency pairing and it pans out very frequently. It will be interesting to see how this develops.

[Cobra]

hmm, interesting, failed H2 on a strong uptrend day. now i see volume surge, hopefully it could rebound from here.

[Sqwii]

Pullback from 1295 neckline inverted HS pattern- SPX pullback target is (IF we are lucky to get it) 1284-1285. 1330 SPX target should come by end of this month imo

[Cobra]

forgot the ChiOsc is very high here. Hmm. the price action looks like a Bull Flag therefore not bearish, just as you know that green and pink got me worried and this ChiOsc stuff... Hmm, too dark to see the future is...

[StrikePrice]

GM

Cobra could you share the direct link(stockcharts) of these chart please, thanks.
download/file.php?id=4099&mode=view

it's in my public chart list. always there.

If you haven't visited it. Cobra's Public Chartbook is AMAZING!

All newbies should study them good.

[Cobra]

here's what I see: a Bull Flag. just green and pink got me worried, but I still cannot believe a strong rally like this could simply fail without at least trying the morning high...

[TrendTrade]

1291 is a pretty important pivot that will likely act as support. If not then this will be one hell of a fake out... I do believe this is a bull flag with one more high coming either today or tomorrow.

*** I am fully short now. While the market may have one more high coming soon... I am okay with a few points above todays high. The bearish wedge in the EURO I believe will pan out.

[cletus]

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

Bought July 147 GLD puts at 0.94.

[BullBear52x]

After option expiration day, GAP down then traded up = Bearish, check out the last two expiration since peak. right now bull flag no more!

[Cobra]

green keeps dropping, i really don't understand what's going on here.

[BullBear52x]

My new intraday buy/sell line.

[TrendTrade]

green keeps dropping, i really don't understand what's going on here.

And to add to that... TLT (long bond prices) looks like a 3day bull flag that may break out. Interesting action with the S&P up this much.

[Cobra]

ok, got to go. hopefully this is the start of the push up to at least test the day's high. I'll see if i can update via 3G device while outside. be nice to each other guys, don't forget to do your homework, absolutely no ice cream please!

[KENA]

Dome not forming dn fast enough.I don't think it will follow thru today.

[proteus46]

GM

Cobra could you share the direct link(stockcharts) of these chart please, thanks.
download/file.php?id=4099&mode=view

it's in my public chart list. always there.

If you haven't visited it. Cobra's Public Chartbook is AMAZING!

All newbies should study them good.

Can you provide a link to his public chartbook? Thanks

[HK88]

Can you provide a link to his public chartbook? Thanks[/quote]

http://stockcharts.com/def/servlet/Favo ... =ID2393449

[fjemry47]

Good call by Cobra last Tuesday after runup on S&P, noting "Bearish Engulfing " pattern on the SPY; and thanks to the member who noted that same pattern on the VIX yesterday, it paid off today.

[TrendTrade]

Very important here:

[matrix]

as a reference....GOOG $500 is resistance...

[BullBear52x]

best flick ever. it's still a Buy.