05/06/2011 Intraday Watering

[BullBear52x]

YM
Having trouble breaking out......
http://99ercharts.blogspot.com/2011/05/ym_06.html
U-turn?

If down trend to continue, a u-turn here will validate it. if not here not now Bulls will rumble again.

[cletus]

Don't short until 1366 is hit. If you do take profits as soon as you get them.

[Cobra]

the very first time touching EMA20 after 2 plus hours of not touching usually is buy. Let's wait to see how H2 long goes (not yet of course).

[uempel]

Status at noon:

[BullBear52x]

I see strong support at 134.75, let see if I can get that today so far trend pattern is playing out on my side.

[Me XMan]

Do you see SPX below 1300 in June?

Don't short until 1366 is hit. If you do take profits as soon as you get them.

[Cobra]

well, great, even no chance for H2. so far a range day today.

[99er]

Gold
Back test of mid-channel line.
http://99ercharts.blogspot.com/2011/05/gold_06.html
Likely to correct to lower boundary.

[Cobra]

Cobra, you going long into the closeee brooo ?

short-term model longed and trapped.

[99er]

Silver
Critical Doji today.
http://99ercharts.blogspot.com/2011/05/silver_06.html

[Cobra]

will rebound from OR low I think, we'll see. typical range day.

[MajorEasy]

wow! was i wrong, so far an 8.75 ES point range

[99er]

Copper
Speaking of "critical dojis"...
http://99ercharts.blogspot.com/2011/05/copper_06.html
Hanging on for dear life.

[BullBear52x]

Bulls need to defense 134.75 very important on technician psych. new intraday low is no bullish.

[cletus]

Do you see SPX below 1300 in June?

Don't short until 1366 is hit. If you do take profits as soon as you get them.

Yes

[uempel]

Looking for support:

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/05/crude_06.html

[uempel]

I closed shorts here at 1344:

[BullBear52x]

If anyone buy here, you either working for GS or my uncle.

[99er]

SPX
To bounce or not to bounce?
http://99ercharts.blogspot.com/2011/05/spx_06.html
That is the question...again.