01/26/2012 Intraday Watering

[Petsamo]

I'm playing UNG again. 150 shares only at 5.53

[fusuke]

Any thoughts on GLD? Has it broken out of its channel?

Also, what does C&H mean? thx.

[jarbo456]

here's one for the masses...

FTK - another oil industry provider

Is it a H&S top?
or
Are you buying value getting in at the trend line that has held since october?

CRR target according to another book:
[The “ER expected minimal similarity” extension has been reduced from 100% to a prudent 78.6%, as an expression of movenet contraction at a lower level.
At the same level, an intersection of 2 Fan Time/Price Lines]

i think i'm too dumb to read your chart.

could you explain it a little to me?

i'll get back short CRR probably by the end of the day. it's rare that today's plunge is the end of it...

[ClarkW]

That looks like a dangerous chart Jarbo on a crazy volatile stock. Good luck! Could pay HUGELY if betting on the downside it breaks that trendline

here's one for the masses...

FTK - another oil industry provider

Is it a H&S top?
or
Are you buying value getting in at the trend line that has held since october?

[Al_Dente]

To Cobra: continued
Those three words of yours are MONEY words “don’t front run….”
Sure, we may get crushed on the 400 point gap-down-open coming tomorrow/next month/next whenever…
But we’ve been cheating and lightening up a bit on the way up, so…..
KEEP UP THE GOOD WORK KING COBRA

Thanks....But the question is: since "don't front run", then why bother keep reporting signals that are bearish?...
Only experienced readers understand why but most people would think that misleading, I guess....
So if indeed the market keeps ignoring all the signals, I'd be in deep trouble writing the market outlook.

Reminder of your own words: “THE SHORT-TERM MODEL BELIEVES THE TREND …..HOLDING ….. POSITION OVERNIGHT”
“I don’t see enough of my ultimate weapons hit extremes … so I’d stay … with reduced … positions though…”
This is not last month Cobra, this was LAST NIGHT.
There’s plenty more where that came from, let me know if u want me to continue quoting yourself back to you…

You SEE signals/indicators divergences, you report them, you stay true to TREND FOLLOWER
U will be in deep trouble if u DO NOT write the market outlook dude, rrrrrr, king…

PS: I gave up on your CPCE trendline signal two years ago.
I prefer and LOVE your wacky RSP:$CPCE, with $NYSI and $BPSPX and $BPNDX and my old Cobra notes on my chart that say, paraphrased “use nysi and bp as primary signal, whichever comes first, but both must confirm…”
I even have your notes from May 2010 on my chart “macd at 13 =cobra says screaming top sell…”
That P/C works better for me, I added my own 34ma and it’s stayed long, and I’ve been watching for u to yakkk more about it….

Yea, and u think I’m talking nonsense? Au contrare mon king. Don’t mess with someone who has followed u for four years.
Just remember what u taught us:
“Never underestimate the power of the “””bulls””””
“Don’t front run”
That has made lotta people lotta money….

[EFA]

here's one for the masses...

FTK - another oil industry provider

Is it a H&S top?
or
Are you buying value getting in at the trend line that has held since october?

My question is: are you shorting it? Thanks!
E.

[jarbo456]

here's one for the masses...

FTK - another oil industry provider

Is it a H&S top?
or
Are you buying value getting in at the trend line that has held since october?

My question is: are you shorting it? Thanks!
E.

took a small short position via puts - 20 March 12.5 puts @ 1.70

HIGH risk trade.

1) against he trend
2) options aren't that liquid on this name
3) as has been discussed H&S pattern has a high rate of failure

will watch this closely.

[soku]

here's one for the masses...

FTK - another oil industry provider

Is it a H&S top?
or
Are you buying value getting in at the trend line that has held since october?

CRR target according to another book:
[The “ER expected minimal similarity” extension has been reduced from 100% to a prudent 78.6%, as an expression of movenet contraction at a lower level.
At the same level, an intersection of 2 Fan Time/Price Lines]

i think i'm too dumb to read your chart.

could you explain it a little to me?

i'll get back short CRR probably by the end of the day. it's rare that today's plunge is the end of it...

my reading of the chart.
4 er showed on the chart. 1 and 3, 2 and 4 are in similarity. using er2 as the pattern and applying to this quarter, the fibo is showed on chart. 100% is 70ish. since the fan on the chart works pretty well, there is chance it will only drop to 78.6% which is around 84.

[Petsamo]

UNG is being UNG again. Thank goodness I got out with a profit

Goog job Petsamo, btw is where is your avatar from???

I picked it up at imageshack.us
I did a search on "soldier"

[bushwaffle]

rebound is weak, no?

[BullBear52x]

I would not hope too much for a bear, unless bears can take out 131

[EFA]

To Cobra: continued
Those three words of yours are MONEY words “don’t front run….”
Sure, we may get crushed on the 400 point gap-down-open coming tomorrow/next month/next whenever…
But we’ve been cheating and lightening up a bit on the way up, so…..
KEEP UP THE GOOD WORK KING COBRA

Thanks....But the question is: since "don't front run", then why bother keep reporting signals that are bearish?...
Only experienced readers understand why but most people would think that misleading, I guess....
So if indeed the market keeps ignoring all the signals, I'd be in deep trouble writing the market outlook.

Reminder of your own words: “THE SHORT-TERM MODEL BELIEVES THE TREND …..HOLDING ….. POSITION OVERNIGHT”
“I don’t see enough of my ultimate weapons hit extremes … so I’d stay … with reduced … positions though…”
This is not last month Cobra, this was LAST NIGHT.
There’s plenty more where that came from, let me know if u want me to continue quoting yourself back to you…

You SEE signals/indicators divergences, you report them, you stay true to TREND FOLLOWER
U will be in deep trouble if u DO NOT write the market outlook dude, rrrrrr, king…

PS: I gave up on your CPCE trendline signal two years ago.
I prefer and LOVE your wacky RSP:$CPCE, with $NYSI and $BPSPX and $BPNDX and my old Cobra notes on my chart that say, paraphrased “use nysi and bp as primary signal, whichever comes first, but both must confirm…”
I even have your notes from May 2010 on my chart “macd at 13 =cobra says screaming top sell…”
That P/C works better for me, I added my own 34ma and it’s stayed long, and I’ve been watching for u to yakkk more about it….

Yea, and u think I’m talking nonsense? Au contrare mon king. Don’t mess with someone who has followed u for four years.
Just remember what u taught us:
“Never underestimate the power of the “””bulls””””
“Don’t front run”
That has made lotta people lotta money….

Al, I fully agree with this comment! Perfect!
E.

[jarbo456]

here's one for the masses...

FTK - another oil industry provider

Is it a H&S top?
or
Are you buying value getting in at the trend line that has held since october?

CRR target according to another book:
[The “ER expected minimal similarity” extension has been reduced from 100% to a prudent 78.6%, as an expression of movenet contraction at a lower level.
At the same level, an intersection of 2 Fan Time/Price Lines]

i think i'm too dumb to read your chart.

could you explain it a little to me?

i'll get back short CRR probably by the end of the day. it's rare that today's plunge is the end of it...

my reading of the chart.
4 er showed on the chart. 1 and 3, 2 and 4 are in similarity. using er2 as the pattern and applying to this quarter, the fibo is showed on chart. 100% is 70ish. since the fan on the chart works pretty well, there is chance it will only drop to 78.6% which is around 84.

haha. thanks! i'll definitely be looking to go short again before the close.

[BullBear52x]

it ain't going any where until financial go.

[Petsamo]

UNG is being UNG again. Thank goodness I got out with a profit

Basic UNG chart going back 5 years for perspective. Wonder if it will ever see those levels again? I have a hard time believing it will be this cheap forever. If I were an industrial complex looking to hedge energy prices I would be locking in the current nat gas prices for as far out as I could.

We have a 200+ year supply of natural gas. The spike in UNG resulted from an announcement that a natural gas driller is cutting production due to cheap prices.

[Cobra]

target. I don't believe the target but I'd be happy if it could hit the green line below.

[Al_Dente]

And back to work:
Last night checking the fib retracement on SPX vs China and Europe, the fib drawn from the April/May highs; you can see that the SPX retracement is a bit more exhuberant than the rest….
http://stockcharts.com/h-sc/ui?s=$SPX&p ... =249907215

[soku]

haha. thanks! i'll definitely be looking to go short again before the close.

reading the charts, finding the patterns, telling the story. u make me recall kindergarten. it is 2 years to me (that's for real too).
you need to have solid education from k to understand trader's language.

[KENA]

The 1306/1308 area has to be broken .Below 1306 the mkt will will have a nice drop to the 1295 area.Anything above 1308/1310 will be a sideways move.Lets see.

[BullBear52x]

UK said it's time to ramp up stimulus, look at USA it's working. hahahaaa more chips on the table, this time I hope they get straight flash.