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Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 2:44 pm
by ctu688
cletus wrote:Here is an update on oil. It is moving along the projected path well but here is where I become neutral on it. You can clearly see a triangle or even a possible head & shoulders bottom on it. I can't discount anything here so I'm out of my short. Actually, I got out yesterday a bit too soon, but not regretting it. Look at that reversal. Just be careful if you're short crude. Wait for this path to take shape.
Thank you for the sharing. Two days ago, May 31, you called a short on oil. I don't see the reason on that day. How did you make sure a brave and great call?
ctu
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 2:45 pm
by alphahorn
5 min chart about to join the 1 min signaling trend change, also inverse H&S measures 1329 once confirmed with break back above neck
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 2:51 pm
by soku
alphahorn wrote:5 min chart about to join the 1 min signaling trend change, also inverse H&S measures 1329 once confirmed with break back above neck
me not that greedy. 1311 filled. plan to sell at 1317 then wait for another buy dip process.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 2:53 pm
by PRI
alphahorn wrote:5 min chart about to join the 1 min signaling trend change, also inverse H&S measures 1329 once confirmed with break back above neck
Great chart, thank you!
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 2:57 pm
by soku
soku wrote:alphahorn wrote:5 min chart about to join the 1 min signaling trend change, also inverse H&S measures 1329 once confirmed with break back above neck
me not that greedy. 1311 filled. plan to sell at 1317 then wait for another buy dip process.
greetings alpha. nice to see u here. i know u from the "drama queen" place, then some other blog, then i went to yr own blog until...
i am not going to tell u my id/ids. no ask.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 2:59 pm
by pablorynx
cobra, still maintain 60% chance green week this week?
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:07 pm
by Cobra
back test the previous high, anytime back test of the previous extremes, it's a critical time, failed here would be bad for bulls.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:07 pm
by 99er
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:10 pm
by Tabby
Cobra,
I don't see much volume toward the end. This market pushing on low volume.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:13 pm
by PRI
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:25 pm
by alphahorn
I hope it's consolidating a bit before it breaks up out of this inv H&S or ascending triangle.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:27 pm
by alvian33
hard to say, it also looks like a bear flag as well, so looks crapy here, unless we break 1317 on es
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:30 pm
by BullBear52x
I don't like this, I am a bull here, but if trades below 131.75. I will be a bear.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:36 pm
by alvian33
btw, when should Ben say if there will be QE3 or not? does anyone know?
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:37 pm
by nasa1100
close in red after MDD
?
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:38 pm
by KENA
BullBear52x wrote:I don't like this, I am a bull here, but if trades below 131.75. I will be a bear.
Get ready to be a bear.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:54 pm
by Cobra
speechless, it is back test the previous high then rollover on 5 min chart... guess that's it for today, thank you guys, I'll see you tomorrow.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:55 pm
by KENA
It looks like all the S&P and Vix will close in the red.Does that mean red day tomorrow.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 3:57 pm
by alf
Is it for a green close tomorrow?
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 4:03 pm
by BullBear52x
KENA wrote:BullBear52x wrote:I don't like this, I am a bull here, but if trades below 131.75. I will be a bear.
Get ready to be a bear.
I am now, hell with this market.
Thanks Cobra and everyone today.