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Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:46 am
by Cobra
consolidate then breakdown usually more likely a valid breakdown.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:48 am
by Cobra
EUOUSD approaching support area. I don't think it'd breakdown immediately but I certainly don't think the support would hold eventually.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:49 am
by 99er
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:49 am
by KENA
We might even go and test this weeks low of 1319 approx and break it for a new low for the week.Wait and see.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:50 am
by Cobra
another rebound should be in the card, after that we'll see.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:51 am
by jyao
Cobra wrote:AK84 wrote:what about weekend plans ??
buy annual to plant, it's flower time.
You better do it tomorrow. Victoria day is raining in TO.

Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:52 am
by stockcycle
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:53 am
by 99er
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:55 am
by Cobra
usually should go like this.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 10:58 am
by Cobra
double top or bearish 1-2-3 formation breakdown text book target by the way.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:04 am
by cletus
Silver surging. That was your last chance to get on board this bullish silver train.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:07 am
by KENA
This is about all for me today..We are heading dn to the big city. I have a Dr.check up and the wife is going shopping.Then we will have an early dinner at our favorite Chinese Rest.Thanks for the week COBRA.I will be holding my shorts over the weekend.Good trading to all.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:07 am
by gabor
Not much left for the bulls, except if the market reverses within an hour or two. Not very likely.

Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:08 am
by Mr. T
cletus wrote:Silver surging. That was your last chance to get on board this bullish silver train.
On board = "Toot - Toot!!"
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:11 am
by jamesmith
Cobra wrote:double top or bearish 1-2-3 formation breakdown text book target by the way.
may the force be with you~~ :mrgreen:
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:12 am
by AK84
Cobra,
Should I hold my GOOG puts short through the weekend ? red reversal bar on weekly right under the trendline though has me a bit worried. Hourly looks bearish. What do u think ? Im pretty much at breakeven on the puts.
Thanks.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:14 am
by Mr. T
Why not put a stop and not worry about it?
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:16 am
by Cobra
the rebound is more powerful than I thought the only thing not good FOR NOW is QQQ didn't take part in. I'll give it a little time, hopefully it could join later.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:18 am
by StrikePrice
Cobra wrote:usually should go like this.
Nice Cobra, you are a master.
Re: 05/20/2011 Intraday Watering
Posted: Fri May 20, 2011 11:24 am
by pablorynx
copper/oil rip right now