06/16/2011 Intraday Watering

[99er]

doji:

I'm quite bearish on oil actually and am expecting a drop to around $82.50.

[Cobra]

Hi Cobra...Only lots of hard work produces good end results..Thanks for your web sites and info(they show hard work and lots of time)

be prepared. I got a deadly blow last night which is psychological and is enough for me to give up the hope that in this world a hard working guy could be rewarded. Remember, if there's some change in the future, which if indeed, I'll explain, but really I did all my best I could. simply this world leaves me no choice at all.

Did you solve the problem with google adsense? Hope the customer service responded back to you.

I think their customer services are just software applications. so no, but I'll wait for a few days.

[bikerdav]

anyway, let's stop such discussion here. let's just hope sometimes miracle does happen, well, sometimes.

Thanks Cobra for all you do, we will keep good intentions for your success

[slamdunk]

I benefit much from this forum,wish you a better tomorrow, cobra

[Anca]

Miracles DO HAPPEN and I really wish one for you!

[endangered510]

I click ads several times a day. You are a master, Cobra. Get well soon.

[HK88]

i'm tired today, so may not have lots of comments. here, a L1 would be bad for bulls, not L1 yet, let's wait for the next bar.

BAN ZHANG, tired? what happend?

I'm human.

Nowadays I write ipad application, comment intraday, and at least 3 hours to write the report-S you see everyday, and have a forum to run besides this forum. You think how I manage to do all these, every day, for the past 4 years?

Take some time off, recharge batteries (a quick recharge please), but make you that you get back

[PRI]

Cobra,
If anyone deserves a miracle it is you for so generously sharing your work with us.
You have certainly built up enough good karma!
All the best!

[Cobra]

big picture, i'll maintain what I said last night. noticed RSP and QQQ are weak, they usually lead. IWM sometimes lead sometimes not, not as good as QQQ and RSP.

[Tabby]

Cobra,
If anyone deserves a miracle it is you for so generously sharing your work with us.
You have certainly built up enough good karma!
All the best!

Indeed.
Good Karma and good hearted. You answer everybody's questions and care about anyone's opinion. You are an amazing Cobra.

[Neroli]

Thank you for all your hard work, Cobra. I wish you will get better soon.

[HK88]

big picture, i'll maintain what I said last night. noticed RSP and QQQ are weak, they usually lead. IWM sometimes lead sometimes not, not as good as QQQ and RSP.

Do not forget VIX, it sometimes leads too. I see that it is making new highs..

[99er]

EURUSD
Update.
http://99ercharts.blogspot.com/2011/06/eurusd_9769.html
Bear Flag.

[Cobra]

not sure if this is something real for the pullback, need see more bars. doesn't feel so though.

[cletus]

Hi Cletus, very good analysis. Does your analysis show the approximate price when the pick or the pull back will reach? Will the pull back around June 23rd make a lower low (lower than yesterday low of 126.68 on SPY)? Will the pick around June 29 make a higher high and approximately at what level on SPY? Thanks!

I don't have any projection on how high it could go or how much it will pullback. However, the main theory is that it doesn't matter. Your best entries and exits will come at those times, and as far as which action to take, depends completely on the market at that moment and whether it looks like a top or bottom. I'll let you know as we progress which I think it is.

[Anaconda]

Cobra -

I know you have considered in the past whether or not to charge a fee for use of this site. And you have chosen not to. Perhaps it would be worth reconsidering. Please don't be offended by my unsolicited suggestion. But there is some rationale to it...

I was a strategy consultant for 15 years and, among other things, worked on numerous pricing-related engagements. One strong finding is that when it comes to using services, many people tend to value things depending on how much they pay for them. Sounds obvious perhaps. But, one of the often cited sayings in the business was, "If you charge nothing, that's what people will think it's worth." (A corollary is, "You get what you pay for.")

In the case of this blog site, it is clear from my own experience and that of many others here, that you add tremendous value. Charging even a nominal membership fee might be worth considering...again. Regardless, I thank you for the highly informative site you have put together, your patience in answering questions here, and your generosity in doing it all for free.

A.

[Cobra]

tough call here as 2 leg down has been fulfilled (not perfectly but i have no more excuses for pullback anymore), most likely be up because you can see it as bull flag. lunch time, I'll be back.

[uempel]

Bye guys, this is kind of boring and I'm leaving. A last glance at the MA 33 now down at 1275.62 and support now at 1262. By the way, I closed yesterday's longs, not because I had a sell signal, I just didn't want to leave a fairly large ES position unattended.

[budfox]

Here are some my intermediate thoughs about the market...

http://www.greedandmoney.com/?p=358

[99er]

uempel: "this is kind of boring"

You can say that again. Have a nice afternoon!