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Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:12 pm
by BullBear52x
is this bear flag going to do it again?
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:14 pm
by Cobra
paul wrote:Cobra, What's your take on Apple...It's taken a beating lately...
text-book-ly the chart is still not bad until $320 is taken DECISIVELY.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:17 pm
by Cobra
not a perfect L2 at EMA20, there're chances this bear flag was over, the price may continue down here, not sure...
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:25 pm
by Cobra
well, bear flag still goes on. the lesson is still we need a perfect L3/L4 etc.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:25 pm
by 99er
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:31 pm
by Anaconda
Thanks, Ninety-Nine!
Appreciate your charts. Bought a bunch of July ZSL calls, yesterday, hoping for that turn. Hope it pans out.
A.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:36 pm
by 90ufo
cobra; the L3 short failed again. wow.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:40 pm
by BullBear52x
I will reenter the short at 128.2/128.18 small lot for the weekend, once it filled I will shut her down. so wishing everyone a great weekend and profitable trading.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:40 pm
by Cobra
so far, still looks like a bear flag.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:41 pm
by Cobra
90ufo wrote:cobra; the L3 short failed again. wow.
no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:44 pm
by 99er
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:45 pm
by stockcycle
I see TNA meeting MA200 (Also 3/15 low) (support?) and nicely bounce up. May be we load a bit for the Monday rebound?
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:47 pm
by matrix
Remember there's a big Silver25 July Put....bet.....100K contracts
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:47 pm
by lmcfester
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:48 pm
by cougar
Support zone for IWM
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:54 pm
by 90ufo
Cobra wrote:90ufo wrote:cobra; the L3 short failed again. wow.
no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.
I need to review what's perfect setup again. the 12:30 made a L3 (I stop sell), then reversed up, should I wait for the 12:30 bar to finish at 12:35?
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 12:59 pm
by Cobra
90ufo wrote:Cobra wrote:90ufo wrote:cobra; the L3 short failed again. wow.
no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.
I need to review what's perfect setup again. the 12:30 made a L3 (I stop sell), then reversed up, should I wait for the 12:30 bar to finish at 12:35?
you need a bear bar as a signal bar. L3 and L4, they don't have perfect bear bar. also lots of people don't even trade L3 and L4, risks are high.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 1:00 pm
by cougar
SPY: a timid reversal. The bulls need legs! That means that we should see an increased acceleration soon!
So far…not good enough!
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 1:01 pm
by Cobra
90ufo wrote:Cobra wrote:90ufo wrote:cobra; the L3 short failed again. wow.
no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.
I need to review what's perfect setup again. the 12:30 made a L3 (I stop sell), then reversed up, should I wait for the 12:30 bar to finish at 12:35?
also, I only see L3, no L4 here. L3 short is going now, the signal bar was a Doji bar, not perfect but got some chances this time.
Re: 06/10/2011 Intraday Watering
Posted: Fri Jun 10, 2011 1:04 pm
by Cobra
here's the L1, L2 and L3, we're talking. the L3 got a Doji bar plus 3 push up here (if you're not experienced, you can clear see it in 1 min chart) as signal bar so a little better chances.