05/02/2011 Intraday Watering

[99er]

COMP
Here we go...
http://99ercharts.blogspot.com/2011/05/comp.html
Long way down.

[StrikePrice]

I'm liking this pullback so far. Bought my first weekly Put on the SPY.

Targets anyone?

[KENA]

Come on Bears lets go Bull hunting and get this mkt dn then we can ride it back up.Waiting.

[silverharp]

The dow futures bounced of its pivot 12747 to the point,

[Cobra]

the 3rd attempt for a rebound, should be a little strong this time and it should fail eventually. Dip buyers should wait at least until the trend line broken.

[Artyomzzz]

Cobra, where is your green line support coming from?

[Cobra]

Cobra, where is your green line support coming from?

that's just the previous low. other people are watching the same line too and that's why it's a support.

[BullBear52x]

Short term play see red line area, IWM and TRAN are deep in sell zone, the SPY, DIA, and QQQ are fighting to hold on, below RED, SELL SELL SELL

TZA is beauty, VIX is picking up speed.

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/05/crude_02.html
This asset's a pain in the....

[Cobra]

usually the bottom pattern should like this. we'll see.

[BullBear52x]

Intraday, little H&S is in the making

[orion.colorado]

Hi All--

Apologies if this is OT:

Has anyone done any research re: buying up makers/producers of "tablet" components?

http://www.9to5mac.com/64907/did-asuste ... ing-power/

Given AAPL's tie up of all things tablet, maybe there will be some price spikes as suppliers fulfill other orders? Maybe that will translate into some bubbly pricing for said producers?

As always...thanks for this site Cobra, great stuff to check in on.

FWIW,
orion

[Artyomzzz]

usually the bottom pattern should like this. we'll see.

Thanks Cobra, this helps.

[Cobra]

my guess this is the 2nd leg down. the 2nd leg doesn't have to be a lower low, could be rebound at anytime. let's see.

[jamesmith]

my guess this is the 2nd leg down. the 2nd leg doesn't have to be a lower low, could be rebound at anytime. let's see.

may force be with bulls~~~ :|

[Cobra]

too bad, nowadays, bear seems to have only 1 leg at the most. The chart below shows the max measured move target IF BREAKOUT. Chances are high for a breakout by the way.

[BullBear52x]

my guess this is the 2nd leg down. the 2nd leg doesn't have to be a lower low, could be rebound at anytime. let's see.

Two things I am looking for to buy, lower low 136.13 atleast to get RSI divergence, or trades higer than 136.71 before the bulls can have the ball back. so long it trade under 136.71 I am bearish bias, selling is out number buying per ticks/tickQ

[StrikePrice]

my guess this is the 2nd leg down. the 2nd leg doesn't have to be a lower low, could be rebound at anytime. let's see.

Two things I am looking for to buy, lower low 136.13 atleast to get RSI divergence, or trades higer than 136.71 before the bulls can have the ball back. so long it trade under 136.71 I am bearish bias, selling is out number buying per ticks/tickQ

I still think this is a multi-day retrace, so 2nd leg down could come later today into tomorrow.

[Cobra]

whether this is a valid breakout, need see how this bar closes.

[BullBear52x]

Continuation run I am looking for will look like this (UNG as example here)