07/15/2011 Intraday Watering

[Tabby]

Cobra,
I think it explains why you spent 8 hours in your bank everyday and looking for a blonde long leg. Dude; you are in the wrong bank!!!!!!!!

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/07/gold_15.html
Silver http://99ercharts.blogspot.com/2011/07/silver_15.html
Copper http://99ercharts.blogspot.com/2011/07/copper_15.html
Crude http://99ercharts.blogspot.com/2011/07/crude_15.html

[KENA]

I can't find much to trade to day except ENTG. Looking at SSO but may wait until next week to see what this mkt is going to do.

what's yr basis? bet on 7/21 er?
checked the chart. not my type. may think of it with a firm close above 8.66.

Ya I know Soku,I don't usually trade like this but I thought the risk is low and may pick up 2.00 in a few days.

[Cobra]

no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.

[Cobra]

Cobra,
I think it explains why you spent 8 hours in your bank everyday and looking for a blonde long leg. Dude; you are in the wrong bank!!!!!!!!

haha, you're funny!

[Dow Trader]

bought EUR 141.15 again for but this time for 20 pips

[guelder_rose]

Why next year will have one?

[keesa]

why did the mkt stall all day today? any reason?

[richer]

no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.

You deserve a very good vocation. Many thanks for sharing...

[AK84]

why did the mkt stall all day today? any reason?

options expiring and pinning.

[silicon_beaver]

no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.

Will the blog be closed in your absence? time to miss your blog and you.

[keesa]

why did the mkt stall all day today? any reason?

options expiring and pinning.

So the blond long leg Cobra was peeking at will show up next Monday....?

[rhight]

Cobra has no real vacation for 4 years, but next year will definitely have one.

We're in the same boat, although I would rather it be a cruise ship
Two things that could indicate some support for stocks here has been USD weakness last 2 days, and small positive divergence of the Materials sector relative to Consumer Staples.

[Cobra]

no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.

Will the blog be closed in your absence? time to miss your blog and you.

As long as there's internet, I might be able to update. lightly of course.

[uempel]

Last post before I'm off: if weekly SPX MA 9 breaks for more than an hour or two, a good trade is to ride down to the lower weekly BB with setting 13/1, now at 1288 (first resistance). Bye guys...

[uempel]

no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.

Will the blog be closed in your absence? time to miss your blog and you.

As long as there's internet, I might be able to update. lightly of course.

You too? I'll be gone for two weeks

[99er]

Vacation Idea

http://www.amanresorts.com/

[99er]

Hot Off The Press

Herman Van Rompuy just tweeted the following:

I have decided to convene a meeting of the Euro area Heads of State or Government on Thursday, 21 July, at 12.00 in Brussels. Our agenda will be the financial stability of the Euro area as a whole and the future financing of the Greek programme. I have asked the preparatory work to be brought forward inter alia by the Finance Ministries.

Perfect timing for the announcement of a "soft" Greek default: just a day before the US debt ceiling legislative deadline. Are we going to see a major market crash next week just so everyone is reminded of what all is at stake?

From Zero Hedge

[StrikePrice]

no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.

Cobra, do you think we've had 2 legs down yet, or a 2nd is coming soon here?

Do you use anything besides chart patterns for these calls, like Stochs or RSI?

[Cobra]

no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.

Cobra, do you think we've had 2 legs down yet, or a 2nd is coming soon here?

Do you use anything besides chart patterns for these calls, like Stochs or RSI?

no 2nd leg down yet.

I don't use indicators mostly,