05/05/2011 Intraday Watering

Mr. T · Post by **Mr. T** » Thu May 05, 2011 3:48 pm

Time for Uncle Ben and his wild rice to make an appearance.

Que Jack and his magic beans....... spotlight to stage right.......

Post by **Cobra** » Thu May 05, 2011 3:48 pm

99er wrote:Cobra:

"Most users ever online was 350 on Thu May 05, 2011 11:31 am"

Congratulations!

that's a bad sign for bears.

99er · Post by **99er** » Thu May 05, 2011 3:49 pm

uempel: "You bearish?"

Yes. A lot of technical damage was done today in many assets. Where the hell is Ben?

BullBear52x · Post by **BullBear52x** » Thu May 05, 2011 3:50 pm

Looking at daily, no buy insight, a support at 20dma now and intraday is trading under resistance still.

KENA · Post by **KENA** » Thu May 05, 2011 3:51 pm

We have 4 days dn ...tomorrow may be green.Fri. and Mon.May be bullish. Wait and see.

99er · Post by **99er** » Thu May 05, 2011 3:56 pm

BullBear52x:

Love your charts!

Post by **Cobra** » Thu May 05, 2011 3:57 pm

well, I guess that's it for today. sorry, I didn't pay enough attention today, otherwise I should've warned you about the failed rebound. I still feel uncomfortable for bears because the selling is not broad based. but I'll live with the reality that the chart at least looks like the low will be tested sometime later. Thank you guys, I'll see you tomorrow.

DaWay · Post by **DaWay** » Thu May 05, 2011 3:58 pm

Cobra wrote:OK, I should've paid more attention today. I'm still shocked but my very first reflection is, well, any rebound from will fail, the low will be retested then we'll see.

Shocked? Hardly, not even 7 days ago, no sir, this was my target posted then.

http://iloliway.blogspot.com/2011/04/la ... html#links!
And FAZ buy at 5/2 Bamboo Shoot.
http://iloliway.blogspot.com/2011/05/52 ... html#links

Me XMan · Post by **Me XMan** » Thu May 05, 2011 3:59 pm

Benny got caught jacking off at airport restroom

99er wrote:uempel: "You bearish?"

Yes. A lot of technical damage was done today in many assets. Where the hell is Ben?

BullBear52x · Post by **BullBear52x** » Thu May 05, 2011 3:59 pm

99er wrote:BullBear52x:

Love your charts!

Thanks, I like your butter fly charting too, turns out nice most of the time.

uempel · Post by **uempel** » Thu May 05, 2011 4:06 pm

99er wrote:uempel: "You bearish?"

Yes. A lot of technical damage was done today in many assets. Where the hell is Ben?

I know, I know, you're mostly bearish!

soku · Post by **soku** » Thu May 05, 2011 4:19 pm

yoku wrote:ppt is back. they may push es to 1335 close

4:15 cboe close es stopped at 1335.
good day

wishful · Post by **wishful** » Thu May 05, 2011 5:17 pm

Cobra wrote:well, I guess that's it for today. sorry, I didn't pay enough attention today, otherwise I should've warned you about the failed rebound. I still feel uncomfortable for bears because the selling is not broad based. but I'll live with the reality that the chart at least looks like the low will be tested sometime later. Thank you guys, I'll see you tomorrow.

Remembered last time "selling is not broad based." is mentioned here, the 2nd day a gap up 200 pt day...will history repeat itself?

MajorEasy · Post by **MajorEasy** » Fri May 06, 2011 12:12 am

different chart services don't always agree on $TICK extremes ...here's tradestations
for thursday May 5th

Cobra's Market View

Back to www.cobrasmarketview.com

05/05/2011 Intraday Watering

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