04/27/2011 Intraday Comment

[Me XMan]

Dollar is going down more until it's no longer reserved currency.

DXY
Well. as Americans, we're long.
http://99ercharts.blogspot.com/2011/04/dxy_27.html
The weekly sports a bullish Gartley Pattern.

Aston Martins for all!

[Cobra]

resistance. I think this last bar could be an exhaustion bar. but we'll have to wait for tomorrow to see if I made it right or not. If I'm right, I'll sure let you guys know but if I'm wrong, I'll simply pretend that I didn't say anything.

[Tabby]

Cobra,
How come your pink line TLT and SPX going the same direction?

[Cobra]

Cobra,
How come your pink line TLT and SPX going the same direction?

TLT doesn't matter anymore, pay attention to green line.

[BullBear52x]

This one for Me Xman, lets go get them... I am loading up on shorts here, if this is not divergence I don't know what is....

[Tabby]

Do you mean gray line FXA:FXY?

Thank you.

[Artyomzzz]

resistance. I think this last bar could be an exhaustion bar. but we'll have to wait for tomorrow to see if I made it right or not. If I'm right, I'll sure let you guys know but if I'm wrong, I'll simply pretend that I didn't say anything.

I guess we'll see it in the futures tonight?

[99er]

Me XMan: "Dollar is going down more until it's no longer reserve currency."

I'm inclined to agree with you but the chart is saying something else. Take it with a grain of salt.

[Thunder]

LET´S C IF HE IS RIGHT ....!!

http://astroadvisor.com/

[Cobra]

still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.

[99er]

ES
Update.
http://99ercharts.blogspot.com/2011/04/es_6110.html
It's always more fun at night.
Stick around.

[PRI]

Cobra, thanks for the great forum. Unless it truly is different now, I can't help but expect a decent pullback imminently based on good old fashioned mean reversion. Specifically daily futures and a 10 ma. Can logic no longer matter?

[BullBear52x]

still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.

I don't get it, we use dollars here, what risk? there's no value to it anyways

[Cobra]

well, I had power failure here, cannot see chart now. thank you guys, I'll see you tomorrow.

[Me XMan]

Fed God will print and print and print until "something" happens...

This one for Me Xman, lets go get them... I am loading up on shorts here, if this is not divergence I don't know what is....

[Cobra]

still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.

I don't get it, we use dollars here, what risk? there's no value to it anyways

[Rezito]

I couldn't help it but to buy some QQQ May puts. That wedge looked too good to pass up on

[AK84]

ES
Update.
http://99ercharts.blogspot.com/2011/04/es_6110.html
It's always more fun at night.
Stick around.

Hi 99er.

Just a question out of curiosity for u . Why do u always have ONLY downside targets on ur charts (except GLD and SLV) .....as long as I can remember ive seen downside bearish targets. are these long term coz if u traded what u saw then i wouldnt have those downside targets.

Not trying to be offensive....just trying to understand ur MO.

THanks.

[Dow Trader]

I couldn't help it but to buy some QQQ May puts. That wedge looked too good to pass up on

most of 2 consicutive candles on the daily that closes outside the Bollinger band will be retraced completely specially after an extended move

[99er]

AK84: "Why do u always have ONLY downside targets on ur charts"

Okay, here's a bullish target: SPX 1439.
http://99ercharts.blogspot.com/2011/04/spx_1285.html