07/18/2011 Intraday Watering

[Cobra]

Corbra, I don't know whether I understand it right or not? Is it bullish Short-term Setup July 15 according to
TradingMarkets?

Yes, they claimed to have above 80% winning rate, but they don't use stop loss, so this means if trapped, you simply hold until the exit condition being met.

[davros]

Silver's still posting a bear flag in dollar terms (and, let's face it, these days it's all about the dollar):

chart.png

rectangle not bear flag

Yes. Thanks for clarification.

that's fine, the second two charts on this post - http://peterlbrandt.com/charts-i-am-loo ... y-18-2011/ are good for different ways to look at silver now, is it a rectangle or was it a triangle.

[alf]

consolidation here means more down ahead.

[Cobra]

confirmed breakdown, nothing to say. RSP and IWM leads. QQQ holds well, i think because of AAPL, but you all know what usually happens after AAPL ER.

[99er]

Beef Fondue?
BKX http://99ercharts.blogspot.com/2011/07/bkx_18.html

[Cobra]

symmetrical triangle target met, I think the real target could be the green line below.

[agnosia]

95.69 gap fill on /cl... looks like the triangle is breaking to the downside. i am not trading it until the aug to sept contract switch this week.
there's a gap on /es at 1291.75 and that should hold. will go long near 1292-93

[BullBear52x]

who is buying bear flag?

[Me XMan]

I hear ya.

95.69 gap fill on /cl... looks like the triangle is breaking to the downside. i am not trading it until the aug to sept contract switch this week.
there's a gap on /es at 1291.75 and that should hold. will go long near 1292-93

[seeyou]

Silver's still posting a bear flag in dollar terms (and, let's face it, these days it's all about the dollar):

chart.png

ZSL call options volune on Friday was most since May

[stockcycle]

Corbra, I don't know whether I understand it right or not? Is it bullish Short-term Setup July 15 according to
TradingMarkets?

Yes, they claimed to have above 80% winning rate, but they don't use stop loss, so this means if trapped, you simply hold until the exit condition being met.

Thank you Cobra, If we calculate that US can't be default,we can partly follow them.

[Michelle]

TZA looks to have formed a J Hook pattern..........on two day chart you see the J, now it's forming a high and tight flag. Bullish for TZA

[Michelle]

It broke up as I was typing.

[Anaconda]

Silver's still posting a bear flag in dollar terms (and, let's face it, these days it's all about the dollar):

chart.png

ZSL call options volune on Friday was most since May

Interesting to know. I was part of that action... Appears I may have been part of the herd.
Still, although my timing may be off, silver's going down hard, sooner rather than later, IMO.
GL

[Cobra]

Corbra, I don't know whether I understand it right or not? Is it bullish Short-term Setup July 15 according to
TradingMarkets?

Yes, they claimed to have above 80% winning rate, but they don't use stop loss, so this means if trapped, you simply hold until the exit condition being met.

Thank you Cobra, If we calculate that US can't be default,we can partly follow them.

US default, then we're all doomed, no matter bear or bull, because our broker might be broken. So I hope those congressmen knew what they're doing. Last minute deal is OK, just don't go tech default for a short period.

[KENA]

I will cover my shorts today,Who knows i might even make lunch money.Tomorrow we may get a pop up because of IBM.Wait and see.

[stockcycle]

Unread postby Cobra » Mon Jul 18, 2011 10:57 am
US default, then we're all doomed, no matter bear or bull, because our broker might be broken. So I hope those congressmen knew what they're doing. Last minute deal is OK, just don't go tech default for a short period.
Can not say "no!" against a TA expert.

[soku]

1293-1295 good supp. may see reb

[stockcycle]

I will cover my shorts today,Who knows i might even make lunch money.Tomorrow we may get a pop up because of IBM.Wait and see.

Good idea. But no one link this market with the market a week before Greek Parliament Vote on austerity plan.

[cougar]

IWM today: between resistance and support at 81.25 (MM base of the octave).
My bet is that they will break that support...Let's see...

I am amazed that IWM support is still holding …Turbo-Tax Tim is probably not…