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Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:38 pm
by Me XMan
Dollar is going down more until it's no longer reserved currency.
99er wrote:DXY
Well. as Americans, we're long.
http://99ercharts.blogspot.com/2011/04/dxy_27.html
The weekly sports a bullish Gartley Pattern.

Aston Martins for all!

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:38 pm
by Cobra
resistance. I think this last bar could be an exhaustion bar. but we'll have to wait for tomorrow to see if I made it right or not. If I'm right, I'll sure let you guys know but if I'm wrong, I'll simply pretend that I didn't say anything. :mrgreen:

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:42 pm
by Tabby
Cobra,
How come your pink line TLT and SPX going the same direction?

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:43 pm
by Cobra
Tabby wrote:Cobra,
How come your pink line TLT and SPX going the same direction?
TLT doesn't matter anymore, pay attention to green line.

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:44 pm
by BullBear52x
This one for Me Xman, lets go get them... I am loading up on shorts here, if this is not divergence I don't know what is....

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:46 pm
by Tabby
Do you mean gray line FXA:FXY?

Thank you.

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:46 pm
by Artyomzzz
Cobra wrote:resistance. I think this last bar could be an exhaustion bar. but we'll have to wait for tomorrow to see if I made it right or not. If I'm right, I'll sure let you guys know but if I'm wrong, I'll simply pretend that I didn't say anything. :mrgreen:
I guess we'll see it in the futures tonight?

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:46 pm
by 99er
Me XMan: "Dollar is going down more until it's no longer reserve currency."

I'm inclined to agree with you but the chart is saying something else. Take it with a grain of salt.

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:50 pm
by Thunder
LET´S C IF HE IS RIGHT ....!!

http://astroadvisor.com/

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:50 pm
by Cobra
still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:51 pm
by 99er
ES
Update.
http://99ercharts.blogspot.com/2011/04/es_6110.html
It's always more fun at night.
Stick around.

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:52 pm
by PRI
Cobra, thanks for the great forum. Unless it truly is different now, I can't help but expect a decent pullback imminently based on good old fashioned mean reversion. Specifically daily futures and a 10 ma. Can logic no longer matter?

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:55 pm
by BullBear52x
Cobra wrote:still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.
I don't get it, we use dollars here, what risk? there's no value to it anyways :lol: :lol: :lol:

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 3:58 pm
by Cobra
well, I had power failure here, cannot see chart now. thank you guys, I'll see you tomorrow.

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 4:02 pm
by Me XMan
Fed God will print and print and print until "something" happens...
BullBear52x wrote:This one for Me Xman, lets go get them... I am loading up on shorts here, if this is not divergence I don't know what is....

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 4:04 pm
by Cobra
BullBear52x wrote:
Cobra wrote:still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.
I don't get it, we use dollars here, what risk? there's no value to it anyways :lol: :lol: :lol:
:lol:

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 4:06 pm
by Rezito
I couldn't help it but to buy some QQQ May puts. That wedge looked too good to pass up on :mrgreen:

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 4:07 pm
by AK84
99er wrote:ES
Update.
http://99ercharts.blogspot.com/2011/04/es_6110.html
It's always more fun at night.
Stick around.
Hi 99er.

Just a question out of curiosity for u . Why do u always have ONLY downside targets on ur charts (except GLD and SLV) .....as long as I can remember ive seen downside bearish targets. are these long term coz if u traded what u saw then i wouldnt have those downside targets.

Not trying to be offensive....just trying to understand ur MO.

THanks.

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 4:23 pm
by Dow Trader
Rezito wrote:I couldn't help it but to buy some QQQ May puts. That wedge looked too good to pass up on :mrgreen:
most of 2 consicutive candles on the daily that closes outside the Bollinger band will be retraced completely specially after an extended move

Re: 04/27/2011 Intraday Comment

Posted: Wed Apr 27, 2011 6:31 pm
by 99er
AK84: "Why do u always have ONLY downside targets on ur charts"

Okay, here's a bullish target: SPX 1439.
http://99ercharts.blogspot.com/2011/04/spx_1285.html