07/08/2011 Intraday Watering

[Cobra]

Cobra - look at monthly chart of UUP and FXE.

To me Euro FXE looks like it could have a nasty leg down over some months , with the dollar about to breakout in a big way and a little uptrend to start for a few months possible.

If so - markets should react to the downside... all imo

Just got a UUP daily buy signal. I won't tell winning rate here, in case someone blindly followed...

[cougar]

CTU: not earlier than Sep 9, 2011. But it could be later, since I am using a 3 Line Break chart which "condenses time" when the price tries to change direction.

[stockcycle]

well guys this is the dip you've all been waiting for. i still haven't sold my longs.. 1400+ still my target. regardless of today's report, the s+p gets 40% of its profits oversees and as shitty as this sounds the fact that people are getting paid more to do less and corp's are staying slim is good for profits. welcome to america. have a good trading day guys, i'm holding firm.

Cheer Agnosia! I got the same idea. And I'm following Cobra to play the main trend. Today is to buy the dip.

[Sqwii]

Well Cobra

FXE is indeed sitting on some critical support... so if FXE breaks down further - I would say bye bye to commodities , oil and so on...

By the way USO has a completed daily chart HS pattern with right shoulder in yesterday....

Not sure - I'm just trying to follow the trend ... and the trend has been up until today where I got my first daily sell signal.... so a bounce monday and then further down ? I dont know... SPX needs to get above 1350 to get bullish again imo.

[cougar]

Time for the bernank to come in and say:

“Allez les garcons!
Je buy le dip!”

And the Boyz go with the market….

[TexasGordon]

There are two phantom bars from this morning at 135.3558 and now it is on my quote screen as the high of the day. If we start a rally here and go back to even for the day, it will be once again be a crooked prearranged trade , showing once again how crooked this market is. Looks like Ben Bernanke will have something once again to report to the SEC about.

[cheech]

well guys this is the dip you've all been waiting for. i still haven't sold my longs.. 1400+ still my target. regardless of today's report, the s+p gets 40% of its profits oversees and as shitty as this sounds the fact that people are getting paid more to do less and corp's are staying slim is good for profits. welcome to america. have a good trading day guys, i'm holding firm.

Cheer Agnosia! I got the same idea. And I'm following Cobra to play the main trend. Today is to buy the dip.

That is the most retarded thing I've ever read.

[KENA]

well guys this is the dip you've all been waiting for. i still haven't sold my longs.. 1400+ still my target. regardless of today's report, the s+p gets 40% of its profits oversees and as shitty as this sounds the fact that people are getting paid more to do less and corp's are staying slim is good for profits. welcome to america. have a good trading day guys, i'm holding firm.

Cheer Agnosia! I got the same idea. And I'm following Cobra to play the main trend. Today is to buy the dip.

That is the most retarded thing I've ever read.

Welcom your a good bear

[KENA]

I think it is over for the bears today anything over 1340 is bullish.I only hold my traped shorts

[The Hook]

Again, ignore US and watch EM's folks.

[shumushu]

I think we might have just hit the intraday high on the spy. The top end of the resistance.

[Cobra]

another key here, hold, then bears are pretty much over for today, breakdown, then it's bear flag finally works out...

[Dow Trader]

just notice for the bears, check when you have NAMO close above 80 level, check if you buy at the close of the 1st big down day.... it have a high posibilty to retrace the big down day quickly and make a new high for the wave.
So, I will not be short after a big down day that came after NAMO above 80... but thats just me

[pidge66]

There are two phantom bars from this morning at 135.3558 and now it is on my quote screen as the high of the day. If we start a rally here and go back to even for the day, it will be once again be a crooked prearranged trade , showing once again how crooked this market is. Looks like Ben Bernanke will have something once again to report to the SEC about.

I saw that print on my tradestation, too, though it's been removed since.

[Cobra]

still fighting, the dark side is too strong to see. The usual pattern marked as below which is purely a blind guess, wildest-est-est-est-est-est kind guess.

[cougar]

Wow, Cobra!!!!

[Cobra]

15 min chart looks clearly a bear flag, but I really have no confidence in calling bear case those days.

[Anaconda]

For those who are interested in history, do a Google search on Austrian banks and the Great Depression. Then look up the history behind this bank: Unicredit (now of Italy -- hat tip to Zerohedge):

[Tabby]

still fighting, the dark side is too strong to see. The usual pattern marked as below which is purely a blind guess, wildest-est-est-est-est-est kind guess.

Cobra,
You are DA Snakiest Snake that I've met. It pays to be a snake, not bulls, nor bears.

[bb8bb9]

First time posting here, tremendous respect for Cobra and a shout-out to many folks here posting thoughtful views and analysis!

I am not surprised to see a lot of buy-dips going on considering how bullish the market has been in the last 2 weeks--as usual a lot of us are brain-washed by the short-term trend, as we were in June. Today's job report is simply atrocious and I suspect the now-priced-in rosy ER season might not fare well either. I have been closely watching the DJ U.S. TSM (float) figure to gauge big boys actions, it was negative for both July 6 and 7, and seems to getting more negative today. Bears are still on life-support, but there is a chance that bulls might be closes to a cliff than they are aware of