06/10/2011 Intraday Watering

[BullBear52x]

is this bear flag going to do it again?

[Cobra]

Cobra, What's your take on Apple...It's taken a beating lately...

text-book-ly the chart is still not bad until $320 is taken DECISIVELY.

[Cobra]

not a perfect L2 at EMA20, there're chances this bear flag was over, the price may continue down here, not sure...

[Cobra]

well, bear flag still goes on. the lesson is still we need a perfect L3/L4 etc.

[99er]

lilitulip:

Close up of Silver.

http://99ercharts.blogspot.com/2011/06/silver_8434.html

[Anaconda]

lilitulip:

Close up of Silver.

http://99ercharts.blogspot.com/2011/06/silver_8434.html

Thanks, Ninety-Nine!

Appreciate your charts. Bought a bunch of July ZSL calls, yesterday, hoping for that turn. Hope it pans out.

A.

[90ufo]

cobra; the L3 short failed again. wow.

[BullBear52x]

I will reenter the short at 128.2/128.18 small lot for the weekend, once it filled I will shut her down. so wishing everyone a great weekend and profitable trading.

[Cobra]

so far, still looks like a bear flag.

[Cobra]

cobra; the L3 short failed again. wow.

no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.

[99er]

Silver
Wolfe Wave on 60-minute.
http://99ercharts.blogspot.com/2011/06/silver_9637.html
Target is 35.

[stockcycle]

I see TNA meeting MA200 (Also 3/15 low) (support?) and nicely bounce up. May be we load a bit for the Monday rebound?

[matrix]

Remember there's a big Silver25 July Put....bet.....100K contracts

[lmcfester]

Unless I missed it I haven't seen any mention of NYADV vs. NYDNV. Any thoughts out there?

http://stockcharts.com/h-sc/ui?s=$NYADV ... 2033346887

or

http://stockcharts.com/def/servlet/Favo ... 79]&disp=P

[cougar]

Support zone for IWM

[90ufo]

cobra; the L3 short failed again. wow.

no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.

I need to review what's perfect setup again. the 12:30 made a L3 (I stop sell), then reversed up, should I wait for the 12:30 bar to finish at 12:35?

[Cobra]

cobra; the L3 short failed again. wow.

no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.

I need to review what's perfect setup again. the 12:30 made a L3 (I stop sell), then reversed up, should I wait for the 12:30 bar to finish at 12:35?

you need a bear bar as a signal bar. L3 and L4, they don't have perfect bear bar. also lots of people don't even trade L3 and L4, risks are high.

[cougar]

SPY: a timid reversal. The bulls need legs! That means that we should see an increased acceleration soon!
So far…not good enough!

[Cobra]

cobra; the L3 short failed again. wow.

no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today.

I need to review what's perfect setup again. the 12:30 made a L3 (I stop sell), then reversed up, should I wait for the 12:30 bar to finish at 12:35?

also, I only see L3, no L4 here. L3 short is going now, the signal bar was a Doji bar, not perfect but got some chances this time.

[Cobra]

here's the L1, L2 and L3, we're talking. the L3 got a Doji bar plus 3 push up here (if you're not experienced, you can clear see it in 1 min chart) as signal bar so a little better chances.