03/01/2011 Intraday Watering

[wave]

Forex AUDUSD AUDJPY all are giving warning signal.

[pezhead9000]

Bernanke expects modest and temporary inflation rise

[jedwards]

Any opinions on the cloud stocks, especially VMW? Is it pretty much dead meat now?

[Cobra]

Support. But don't long here as I mentioned moment ago, after 3 push up (looks confirmed it's indeed), should be 2 legged pullback at least, so wait.

[bear33]

cobra by two leg pullback you mean we will retouch the lows below 1300? thank you!

[Cobra]

Hey cobra

do you think Oil Crude is going higher ?

The charts looks strange...maybe a bull flag ?

http://finviz.com/futures_charts.ashx?t=CL

Yes, I'm bullish on oil.

[Cobra]

cobra by two leg pullback you mean we will retouch the lows below 1300? thank you!

No, 15 min chart 2 legged pullback, so should just be a minor one.

[Cobra]

always know your time frame, otherwise you'll confused by my report and comment.

[Cobra]

Bernanke expects modest and temporary inflation rise

Modest and temporary? Ha, he also siad sometime ago that the sub-mortgage risk was contained, nothing to worry.

[wave]

Couple weeks ago, he also stated that there was no inflation threat in the US.

Bernanke expects modest and temporary inflation rise

Modest and temporary? Ha, he also siad sometime ago that the sub-mortgage risk was contained, nothing to worry.

[99er]

/ES
New and broader down channel but the same Wolfe Wave target of 1274.
http://99ercharts.blogspot.com/2011/03/es.html
Love red candles.

[greenback]

Bernanke on the Hill for his semiannual visit: Price spikes in oil and other commodities are "at most, a temporary and relatively modest" spur to inflation - and don't blame the weak dollar, because commodities are rising in all major currencies. Fed expects real GDP gains of 3.5-4% in 2011. Many conditions are much improved, but jobs and housing are very weak.

[99er]

EURUSD
Overhead resistance. If prices break north, we're all in shit creek--the USD is close to a record low.
http://99ercharts.blogspot.com/2011/03/eurusd.html
Got paddles?

[nelsonbelchior]

Cobra rebound confirmed?

[KENA]

FYI.....If we cannot hold the 1325/1327 area and break below the 1320 level we could see a down move to 1303/1305.Yesterdays up move was not confirmed by mkt internals. This presents a problem. The current up move to 1325 may turn down. Watch that 1320 area.

[Jennyahwu]

Cobra, please tell me ( qingjiao ) for MRO, it goes down to 50.40 , does it mean the gap filled ? thanks

[Cobra]

Fib 50 retracement, not sure if there's more.

[Cobra]

Cobra, please tell me ( qingjiao ) for MRO, it goes down to 50.40 , does it mean the gap filled ? thanks

No idea.

[mtljaysfan]

The sell-off this morning totally caught me off-guard, considering the bullishness of over-night Globex session.

[mtljaysfan]

Was thinking about either to short the previous high 1340sh potential resistance or to buy the potential BO