04/13/2011 Intraday Watering

[StrikePrice]

The WOW Index showed a sell right from the open.

http://algofutures.com/wow-indices/wow- ... ing-chart/

[shumushu]

Gold
Back test of neckline of two IH&S.
http://99ercharts.blogspot.com/2011/04/gold_13.html

Hello sir:

I don't use H&S patterns to trade. If I recall correctly, don't you need the pattern to appear at a low for the pattern to be considered useful? If this pattern is used at all time high, how is the "edge"? Thank you sir.

[Cobra]

the pullback was a little strong, so GENERALLY the very frist rebound shall fail. But nowadays bulls seem always to have miracle, so I dare not say.

[cletus]

Copper
Goldman is right.
http://99ercharts.blogspot.com/2011/04/copper_13.html

USO up 1% today. Goldman was "wrong". (They're never wrong, nearly 100% profitable trading days, and this can't be achieved without knowing the game plan.)

BUY CRUDE

[cletus]

Crude
Don't you just love Goldman Sachs?
http://99ercharts.blogspot.com/2011/04/crude_13.html

USO +1.5% and rising. Huge volume buying up yesterday.

I guess there are those who don't understand how Goldman operates yet.

[KENA]

The NYSI dropped 52 points yesterday down to 656.This up today may very temporary . Go to stock charts and enter NYSI and then NYA and compare how close they track each other.Also note that the NYSI has been on a negitave divergence for over the last 1 1/2 + years.If this is correct things do not look to good.NYSI is usually slow in moving but seems consistent. Wait and see.

[doji]

Anyone has comments on AUD/USD, AUD/JPY?

They are still at the top, really hard to knock it down. I guess that's why the commodity prices and stock markets are so resillent to bears attack.

[Cobra]

well, bulls may be full of miracles, but this still looks pretty much a bear flag to me. The heavy resistance area will be around Fib 50%.

[BullBear52x]

well, bulls may be full of miracles, but this still looks pretty much a bear flag to me. The heavy resistance area will be around Fib 50%.

Yes, all eyes.

[Cobra]

multiple support here.

[BullBear52x]

many stocks I scan through look like gap retest and now ready to continue their down journey. will just trade what I see and go from there, so far technical read short term playing out as it should with a little patience.

[99er]

10-Year Note
Update.
http://99ercharts.blogspot.com/2011/04/10y_13.html

[BullBear52x]

Watch the wedge line

[Cobra]

an interesting measurement.

[99er]

Crude
cletus says "buy crude."
http://99ercharts.blogspot.com/2011/04/crude_7520.html
Go ahead.

[Wallstreetrader]

[Cobra]

the previous red bar could be the exhaustion bar plus the measured move so we might see a rebound of some kind here but I expect the rebound to fail eventually as the push down seems strong.

[99er]

shumushu: IH&S

These patterns work best at bottoms of course but any "bottom" requires a time frame. In any case, these are potential patterns and a successful back test will provide confirmation.

http://thepatternsite.com/hsb.html

[Cobra]

ok, as I said the rebound failed, now let's see if yesterday's low could hold which is critical for bulls.

[nikman]

ok, as I said the rebound failed, now let's see if yesterday's low could hold which is critical for bulls.

The pink line is also on the rise this afternoon.