07/13/2011 Intraday Watering

[Tabby]

Physical Palladium (PALL) breakout!
===,
I am long PALL stock. It has no options.

I like all your charts. The expresso machine is the best if you could put in your chart. I am waiting for piff piff sound when $SPX is going down.

[cougar]

...but the ”little palladium”, PAL (N. American Palladium), stole the show.
Literally…it hit gold… and is up 16.5%.

[Cobra]

ok, I hope it's a bull flag now. cannot believe what I see here.

Cobra,

Why don't you consider the Gap Up a push Up?

Then wouldn't we have had the 2 pushes up and now we get 3 pushes down? Thoughts?

i see this morning's gap up as the 1st push up as I see already 3 push down on SPY 60 min chart. the yesterday's selling before the close it very typical the 3rd push down bear trap hence we should go much much higher here.

LOL, much much higher, will be proven wrong I believe, for failure to see the bear flag in the forming that is obvious

it's not bear flag. even it is, it should be a much bigger bear flag because so far it's the first touch on the upside of the flag now perhaps forming the 2nd touch of the downside of the flag, either way, it doesn't affect my call. for me 10 points are much much higher already. I mean this generally should be 2 legged up.

[agnosia]

last line of defense for the bulls is 60ema @ 1319... got stopped out of /cl short by 2c!!

[BullBear52x]

bullish divergence, if failed here, Bulls are in the big doo doo

[cougar]

Physical Palladium (PALL) breakout!
===,
I am long PALL stock. It has no options.

I like all your charts. The expresso machine is the best if you could put in your chart. I am waiting for piff piff sound when $SPX is going down.

Thanks Tabby! My espresso machine has been recently promoted…It now has a name: Volpinacci [a fusion between “volpino” (ital. for fox) and Fibonacci]. After a few technical modifications, Volpinacci will try to produce an “Algorithmic Whisper Indicator” aiming at predicting the SPX moves on close and, sometimes, the direction or gap at open next day. When he is ready, I’ll let you know what he says…

[PRI]

Cobra,
Would you mind updating your current (short term) thoughts?
Thanks

[soku]

SOKU...Just checked the chart on CAT..It hit support yesterday so this is why it is up(also Big Ben).I am thinking it may go up a little more then turn dn again.Wait and see.

my 110c will be expired this friday. really wish it could close now at 109.99
market has been quiet for a while. i am expecting a sudden break out. could be both way but i prefer 1320 since 1328.5 was multi-tested support turned to res

1320 target hit. i think it will go a little bit lower. i put in a trailing stop and not worrying about it anymore.

[cheech]

Only cheech correctly identified it, target SPY 129

[Cobra]

OR high as support, too bad this doesn't look like a Bull Flag anymore, the pullback is just too deep.

[Anaconda]

Only cheech correctly identified it, target SPY 129

Props to you. Nicely done.

[cheech]

Gold reversing hard. Only true amateurs bought that break out. The dollar shall rise hugely.

[The Hook]

Copper doji

[rhight]

This is the way I see it.

[biotrader]

Only cheech correctly identified it, target SPY 129

Not a bear flag... Cobra explained it well...

[cougar]

GS is still confined to the +/- 1SD Regression Channel down, until it will be time to go long…i.e when the bullish bat will be completed...IMHO

[The Hook]

Bull flag TLT

[cheech]

ok, I hope it's a bull flag now. cannot believe what I see here.

Cobra,

Why don't you consider the Gap Up a push Up?

Then wouldn't we have had the 2 pushes up and now we get 3 pushes down? Thoughts?

i see this morning's gap up as the 1st push up as I see already 3 push down on SPY 60 min chart. the yesterday's selling before the close it very typical the 3rd push down bear trap hence we should go much much higher here.

LOL, much much higher, will be proven wrong I believe, for failure to see the bear flag in the forming that is obvious

it's not bear flag. even it is, it should be a much bigger bear flag because so far it's the first touch on the upside of the flag now perhaps forming the 2nd touch of the downside of the flag, either way, it doesn't affect my call. for me 10 points are much much higher already. I mean this generally should be 2 legged up.

Simply incorrect and poor trading

[Cobra]

volume surge, let's see how this bar and the next bar finishes. I still see 2 legged up here, but market is always right so I'm ready to change my view at any time.

[PRI]

volume surge, let's see how this bar and the next bar finishes. I still see 2 legged up here, but market is always right so I'm ready to change my view at any time.

Thanks for the chart Cobra!