06/17/2011 Intraday Watering

[99er]

Gold
Update.
http://99ercharts.blogspot.com/2011/06/gold.html

[cougar]

Cobra: nice triangle!

[lilitulip]

nothing to say, triangle i see.

Hi Cobra, so more up? thanks

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/06/crude.html

[Cobra]

nothing to say, triangle i see.

Hi Cobra, so more up? thanks

normally yet, but given the fact today's OE, so I don't know.

[alphahorn]

looks like a pretty typical wave 4 flag, should see a nice pop us soon

[StrikePrice]

Anybody know what's holding up the NASDAQ? With Google, Apple and Netflix down, you'd think the techs would all be getting hammered. Interesting.

Anaconda: I noticed that too and I have an exotic theory:
Before “really” taking the market up, Da Boyz are engineering a make-believe bearish condition for the Top Techs, for two reasons:
1. To give themselves a chance to buy them cheap.
2. To create panic among the TA-dependent retailers, who should not dare to go long.

Here's the deal with ORCL and GOOG

http://www.bloomberg.com/news/2011-06-1 ... wsuit.html

where's the trader who says GOOG is going to $150, gotta love this

[99er]

COMP
Some rally.
http://99ercharts.blogspot.com/2011/06/comp.html

[lilitulip]

Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver.html

when it would break down, waiting.... forever

[Anaconda]

Anybody know what's holding up the NASDAQ? With Google, Apple and Netflix down, you'd think the techs would all be getting hammered. Interesting.

Anaconda: I noticed that too and I have an exotic theory:
Before “really” taking the market up, Da Boyz are engineering a make-believe bearish condition for the Top Techs, for two reasons:
1. To give themselves a chance to buy them cheap.
2. To create panic among the TA-dependent retailers, who should not dare to go long.

Wouldn't put it past them! But, my guess is institutional holders are exiting these 3 very overvalued plays and getting into the blue chips.
We'll see.

[HK88]

That is really unique, a triangle that has come almost 100% and did not break either side!

[nasa1100]

nothing to say, triangle i see.

test trendline 7 times, ready to breakout up?

[BullBear52x]

Tick tock tick tock tick

very typical OEX. Zzzzzzz.......

[TrendTrade]

EUR/USD backtesting head and shoulders breakdown from earlier this week. Major resistence and could reverse the dollar here. Lets see how this plays out.

[99er]

lilitulip: "when it would break down, waiting.... forever"

You know, it might bounce back up from here. Appears to be very strong support.

[BullBear52x]

I double checked my fear indexes, Sell the rally is well intact, my long date MACD is still pointing up not bullish for the market.

[cougar]

Anybody know what's holding up the NASDAQ? With Google, Apple and Netflix down, you'd think the techs would all be getting hammered. Interesting.

Anaconda: I noticed that too and I have an exotic theory:
Before “really” taking the market up, Da Boyz are engineering a make-believe bearish condition for the Top Techs, for two reasons:
1. To give themselves a chance to buy them cheap.
2. To create panic among the TA-dependent retailers, who should not dare to go long.

Here's the deal with ORCL and GOOG

http://www.bloomberg.com/news/2011-06-1 ... wsuit.html

where's the trader who says GOOG is going to $150, gotta love this

Good point, SP! However, IMO, ORCL had only a modest pop, and already gave back some of its gains:

[Cobra]

support i see.

[BullBear52x]

Fear all around, VXD not giving up yet.

[TrendTrade]

bear cross on the 15 min MACD