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04/28/2011 Intraday Watering

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BullBear52x
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Re: 04/28/2011 Intraday Watering

Post by BullBear52x »

This is real not the over night gap craps! just to show how the support fails in bear market intraday a technician dream. not gonna mention which stock but I did a little moon walk over this.
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KENA
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Re: 04/28/2011 Intraday Watering

Post by KENA »

BullBear52x wrote:New high enough to take out shorts stop, I think we roll down now
I am all for it .I got a SPY short to make up.
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99er
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Re: 04/28/2011 Intraday Watering

Post by 99er »

RUT
May have just completed a Double Top at the 100% retrace of the prior high.
http://99ercharts.blogspot.com/2011/04/rut_28.html
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Me XMan
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Re: 04/28/2011 Intraday Watering

Post by Me XMan »

But they keep hitting the BUY button!
BullBear52x wrote:Classic Bulls trap
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Cobra
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Re: 04/28/2011 Intraday Watering

Post by Cobra »

q2model wrote:
Cobra wrote:just kidding. if the dollar keeps dropping like this, eventually I have to ask you guys for money (because I earn dollar but spend in CAD and this is true that I lost more than 40% of my properties simply due to dollar depreciation! those who live in US don't have single idea, how much dollar depreciation can affect the other's life!). and please, the money has to be CAD, absolutely no US$ please! :mrgreen:

Can u use your methods for Canadian market?
of course I can. you might not understand the story behind it: if all you have are US$ but you have to spend in other currency, you're essentially broken, no matter how hard you work. just look at how much the dollar depreciated. Once, CAD to US is 0.62:1, now, it's 1.05:1, and the Canadian goods are still 25% more expensive than US plus you have to pay far more tax than US, income tax, 13% sales tax etc etc. Just think about the other countries, say, China, all the US debt it holds depreciated 40%, that means 40% of its properties are gone and no signs that this is going to end soon because still QE3 or QE2.5 is possible. The question is to what extend that the other part of the world (other than US) wouldn't accept the US$ and US debt anymore?

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BullBear52x
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Re: 04/28/2011 Intraday Watering

Post by BullBear52x »

Me XMan wrote:But they keep hitting the BUY button!
BullBear52x wrote:Classic Bulls trap
Lots of support below still, we play you pay, that's how Washington rolls. today's problem is too little tax not enough money to spend LOL :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Cobra
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Re: 04/28/2011 Intraday Watering

Post by Cobra »

still ChiOsc is too high. let's see if the wedge support could hold here.
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BullBear52x
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Re: 04/28/2011 Intraday Watering

Post by BullBear52x »

$vix is too low to get the Bears going. I am not cheering for the crash. to me market spend same energy to move up and down, if it moves one way or the other far enough I am good. hate side ways :|
My comments are for entertainment/educational purpose only. NOT a trade advice.
jasmine
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Re: 04/28/2011 Intraday Watering

Post by jasmine »

Cobra wrote:still ChiOsc is too high. let's see if the wedge support could hold here.
Cobra, can you please explain the text book pull back target of this chart? thanks! :D
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Cobra
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Re: 04/28/2011 Intraday Watering

Post by Cobra »

jasmine wrote:
Cobra wrote:still ChiOsc is too high. let's see if the wedge support could hold here.
Cobra, can you please explain the text book pull back target of this chart? thanks! :D
no target. used to mean 4 hour pullback.

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Me XMan
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Re: 04/28/2011 Intraday Watering

Post by Me XMan »

The calm before the storm...
BullBear52x wrote:$vix is too low to get the Bears going. I am not cheering for the crash. to me market spend same energy to move up and down, if it moves one way or the other far enough I am good. hate side ways :|
cletus
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Re: 04/28/2011 Intraday Watering

Post by cletus »

Massive intraday volume spike in DRV.
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Cobra
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Re: 04/28/2011 Intraday Watering

Post by Cobra »

i think this is a typical breakdown trend line then back test the previous high then rollover pattern, so should see a little bit bigger intraday pullback here.
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lilitulip
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Re: 04/28/2011 Intraday Watering

Post by lilitulip »

cletus wrote:Massive intraday volume spike in DRV.
what does that indicate?

but IYR has low volume.
pdz
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Re: 04/28/2011 Intraday Watering

Post by pdz »

Cobra wrote:
q2model wrote:
Cobra wrote:just kidding. if the dollar keeps dropping like this, eventually I have to ask you guys for money (because I earn dollar but spend in CAD and this is true that I lost more than 40% of my properties simply due to dollar depreciation! those who live in US don't have single idea, how much dollar depreciation can affect the other's life!). and please, the money has to be CAD, absolutely no US$ please! :mrgreen:

Can u use your methods for Canadian market?
of course I can. you might not understand the story behind it: if all you have are US$ but you have to spend in other currency, you're essentially broken, no matter how hard you work. just look at how much the dollar depreciated. Once, CAD to US is 0.62:1, now, it's 1.05:1, and the Canadian goods are still 25% more expensive than US plus you have to pay far more tax than US, income tax, 13% sales tax etc etc. Just think about the other countries, say, China, all the US debt it holds depreciated 40%, that means 40% of its properties are gone and no signs that this is going to end soon because still QE3 or QE2.5 is possible. The question is to what extend that the other part of the world (other than US) wouldn't accept the US$ and US debt anymore?
You could buy a house in Florida and trade over there. Why are you stuck in Canada? :lol:
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99er
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Re: 04/28/2011 Intraday Watering

Post by 99er »

Wanna Bet On Bernanke?

http://www.intrade.com/v4/markets/contr ... tId=748903

h/t Zero Hedge
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soku
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Re: 04/28/2011 Intraday Watering

Post by soku »

99er wrote:Wanna Bet On Bernanke?

http://www.intrade.com/v4/markets/contr ... tId=748903

h/t Zero Hedge
i think he will be.
from yesterday's press conf, i think the market likes him.

add: measured res at 1354.75, expected cycle sup 1347.00
The goal is not uniformity. It is understanding and idea exchange.
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Cobra
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Re: 04/28/2011 Intraday Watering

Post by Cobra »

critical time, break it or make it. my bias now is on the downside but I don't expect it to breakdown right now because I'm going to have lunch now. the menu is beef today, yes, beef.
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AK84
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Re: 04/28/2011 Intraday Watering

Post by AK84 »

Cobra,

WHat kind of beef? DId u make it ?

Im sooooo curious to know what the genius behind the name Cobra looks like !!!!Put up a picture and not of a cobra coz i know u wud :lol:

How old r u ...ive always wondered. m bet is around 33
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BullBear52x
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Re: 04/28/2011 Intraday Watering

Post by BullBear52x »

I think it will create neck line at the bottom of my lower second yellow box.

update SPY chart.
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Last edited by BullBear52x on Thu Apr 28, 2011 1:50 pm, edited 1 time in total.
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