07/13/2011 Intraday Watering

[The Hook]

Believe it or not I bot ENTG under $1 in March 2009. Those were the days. Sold way too early.

[The Hook]

QQQ, QCOM and SMH very weak

[Anaconda]

After posting yesterday's end of day candlestick chart, showing an apparent shooting star construct, I said, "It needs confirmation. But, I think it is possible we see a hard, swift decline at the opening and then a higher close. But, the market will decide." I think we still get the higher close. But, more interesting will be what our candlestick looks like at the end of the day. Right now, we just might get the famous Cobra "reversal of a reversal."

[BullBear52x]

another evidence that trend down is intact. trades under 5dma for swing, DT trades under 200 ma.

[ccash04]

Simply incorrect and poor trading

Set up your own board then, hotshot, instead of giving Cobra crap. Your ego seems so big though that there probably wouldn't be room for anyone but you.

agreed.

[luckystar2006]

Futures chart does not look good.

[soku]

any idea on the sudden crash? it may break my bottoming pattern.

[alvian33]

so hard to trade this f### market, always get stopped with loss, sick of it

[ccash04]

looks like OpEx shenanigans, gold and silver holding their gains much better than SPY.

I'd like TLT if it could get above 97.50 or some consolidation around here and then higher for a cup handle on teh daily.

[cheech]

I was pointing out how IYR was red all day and it was ignored.

[Me XMan]

Greece and Italy defaulting?

Damn QE2.5 won't do anything good.

any idea on the sudden crash? it may break my bottoming pattern.

[agnosia]

so hard to trade this f### market, always get stopped with loss, sick of it

this is a very very tough market, better to stay in cash as hard as that is ..

[KENA]

Here is one for you...The mkt will probably go dn because i am now thinking it may go up.At least i am getting ready.Never a good sign.

[PRI]

Greece and Italy defaulting?

Damn QE2.5 won't do anything good.

any idea on the sudden crash? it may break my bottoming pattern.

That's probably it for the selling today, at least probably no lower.

[BullBear52x]

Greece and Italy defaulting?

Damn QE2.5 won't do anything good.

any idea on the sudden crash? it may break my bottoming pattern.

My uncle is trying his heart out OK.

[soku]

Greece and Italy defaulting?

Damn QE2.5 won't do anything good.

any idea on the sudden crash? it may break my bottoming pattern.

european market closed. i don't think they gave these kind of info in their mid-night.
we at 1314 again. imho, it has to hold, or the damage will be biiiig.

[EvilTrader]

I support CObra analysis for daytrading.

Only an idiot would think a trader must be right 100% of time. Even 55% is enough to make big money, if you do good management your position and stop-losses.

Cobra is too good a soul, should ban all the trollers from the forum (its his forum !)

[cougar]

Cheech = Cletus

u think so? the cletus guy was wrong from time to time but he at least gave trading signals ahead of time.
not the cheech guy. so far i only remember he is the only commodity trader who never check news. he front-ran one ng inventory and got right, then he's kinda lost in his mind.

But Cheech got the oil direction wrong yesterday morning. When I bought USO calls I was so scared of trading against his market views, that I posted here how worried I was to trade against HIM and even added: “…I am probably toast”. But I wasn’t toast... Neither were several other people here who were long oil…and Cheech was wrong….
But that’s alright …even cowgirls get the blues and even Cheech can be wrong! LOL!
I don't like to post that ...but I think that I should, considering what just happened...

[agnosia]

Greece and Italy defaulting?

Damn QE2.5 won't do anything good.

any idea on the sudden crash? it may break my bottoming pattern.

traders realize QE3 won't be started unless the market weakens, so they will weaken it

[The Hook]

Take a look at VXO all day