05/06/2011 Intraday Watering

Post by **Cobra** » Fri May 06, 2011 3:32 pm

I don't think it's wise now to buy oil and slv. the law of inertia, simple as that, you Earth people cannot overcome the inertia yet. We Martian on the other hand are much much more advanced. blah blah blah. @#$!%%@$##!#!#... ... ... ...

Mr. T · Post by **Mr. T** » Fri May 06, 2011 3:33 pm

People are scared of the Greece meeting tonight = Monday the dollar tanks.

Post by **Cobra** » Fri May 06, 2011 3:34 pm

ok, i think the rebound isn't over yet, got to be another push up attempt, we'll see then. another small bear flag could be in the forming though.

greenback · Post by **greenback** » Fri May 06, 2011 3:35 pm

Cobra,

Do you think the low has been tested?

soku · Post by **soku** » Fri May 06, 2011 3:37 pm

cobra, any suggestion on weekend holding?

Mr. T · Post by **Mr. T** » Fri May 06, 2011 3:39 pm

I've got a suggestion Yoku - drop the gun and so for second base!!!!

Anyone who can lock lips that long deserves an upgrade!!!

Post by **Cobra** » Fri May 06, 2011 3:41 pm

greenback wrote:Cobra,

Do you think the low has been tested?

no idea yet. the question is will inertia work? if so the Dollar rebound is not over yet, so neither the correction of the stock market. will Ben's printing magic change all this? I sure have no idea.

uempel · Post by **uempel** » Fri May 06, 2011 3:42 pm

silverharp wrote:what does a black bar represent?

Everybody speaking about bars today, you thirsty

A black bar opens higher and ends lower - but it does not "touch" the body of the preceding bar. You can go to stockcharts.com - even if you are not a subscriber - and learn a lot more from their chartschool. Or you can read Murphy's classic introduction: TA of the financial markets. Without that minimal basis trading with TA makes no sense...

Post by **Cobra** » Fri May 06, 2011 3:43 pm

should be more. I was right, the rebound this time should be much stronger. now I'm over 95% correct.

Post by **Cobra** » Fri May 06, 2011 3:45 pm

let's see how the market close here.

soku · Post by **soku** » Fri May 06, 2011 3:52 pm

Mr. T wrote:I've got a suggestion Yoku - drop the gun and so for second base!!!!

Anyone who can lock lips that long deserves an upgrade!!!

na, too much maintenance. me, a trader. take a hit then move on.
how come u sound like "buy rumor sell on news"?

Post by **Cobra** » Fri May 06, 2011 3:58 pm

well, I guess that's it for today, the best thing bulls did was voided a potential weekly bearish engulfing which if so would be very very bearish for the intermediate-term. but whether the short-term correction is down, I'm not sure yet, my guess is should be more though. thank you guys, I'll see you the next Monday!

BullBear52x · Post by **BullBear52x** » Fri May 06, 2011 3:59 pm

Thanks Cobra and everyone for wonderful charts. have a good one.

Me think 133 Monday

Tabby · Post by **Tabby** » Fri May 06, 2011 4:03 pm

Thanks everyone for sharing your charts and info.
Me thinks $SPX 1250 in few weeks.

cletus · Post by **cletus** » Fri May 06, 2011 4:04 pm

Cobra wrote:I don't think it's wise now to buy oil and slv. the law of inertia, simple as that, you Earth people cannot overcome the inertia yet. We Martian on the other hand are much much more advanced. blah blah blah. @#$!%%@$##!#!#... ... ... ...

Big professional buyers came in on silver and crude the past two days.

Post by **Cobra** » Fri May 06, 2011 4:10 pm

cletus wrote:
Cobra wrote:I don't think it's wise now to buy oil and slv. the law of inertia, simple as that, you Earth people cannot overcome the inertia yet. We Martian on the other hand are much much more advanced. blah blah blah. @#$!%%@$##!#!#... ... ... ...
Big professional buyers came in on silver and crude the past two days.

we'll see. maybe you're right this time. but my goal is in the long run, high odds win, so generally I don't bet on lower odds. it is true a very short-term rebound is possible though so if you're quick enough.

JTrader · Post by **JTrader** » Fri May 06, 2011 4:24 pm

I went heavily long into the close, per my system... I was tickled when I saw this... (Sorry the pic is cut off below... it's from your 1.0.0 chart, as you can probably tell) Cheers!

uempel · Post by **uempel** » Sat May 07, 2011 1:59 am

uempel wrote:
silverharp wrote:what does a black bar represent?
Everybody speaking about bars today, you thirsty

A black bar opens higher and ends lower - but it does not "touch" the body of the preceding bar. You can go to stockcharts.com - even if you are not a subscriber - and learn a lot more from their chartschool. Or you can read Murphy's classic introduction: TA of the financial markets. Without that minimal basis trading with TA makes no sense...

What I wrote here ain't quite precise: the black candle can touch the body of the preceding candle if the preceding candle is red. To check the details go to:

http://support.stockcharts.com/entries/ ... stick-mean

uempel · Post by **uempel** » Sat May 07, 2011 2:00 am

uempel wrote:
silverharp wrote:what does a black bar represent?
Everybody speaking about bars today, you thirsty

A black bar opens higher and ends lower - but it does not "touch" the body of the preceding bar. You can go to stockcharts.com - even if you are not a subscriber - and learn a lot more from their chartschool. Or you can read Murphy's classic introduction: TA of the financial markets. Without that minimal basis trading with TA makes no sense...

What I wrote here ain't quite precise: the black candle can touch the body of the preceding candle if the preceding candle is red. To check the details go to:

http://support.stockcharts.com/entries/ ... stick-mean

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05/06/2011 Intraday Watering

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