04/28/2011 Intraday Watering

[Tabby]

I haven't opened a position in SDS, still waitting. We might go higher but first we need a pullback.

[alvian33]

Morning Cobra, what do you think of /SI and GC? more upside? or you think /SI will put a double top? thanks

PS: you should have a link so we can at least donate you some profit based on your analysis, very appreciated, you are a good man!

[99er]

Copper
Prices now below key level and headed towards lower boundary of falling channel.
http://99ercharts.blogspot.com/2011/04/copper_28.html

[DCS]

well, believe me, there'll be a pullback. I'm more than 80% sure.....

Do you have any pullback targets?

Thx!

[Cobra]

the problem here is ChiOsc way too high.

[Cobra]

well, believe me, there'll be a pullback. I'm more than 80% sure.....

Do you have any pullback targets?

Thx!

check "active bearish outlook" in my market outlook, you'll see.

[Cobra]

Morning Cobra, what do you think of /SI and GC? more upside? or you think /SI will put a double top? thanks

PS: you should have a link so we can at least donate you some profit based on your analysis, very appreciated, you are a good man!

for GC, I assume you mean gold? no worry.

for SI, I assume you mean SI? no worry too.

[Cobra]

resistance. my bias today so far is up. subject to change at any time of course.

[jamesmith]

the problem here is ChiOsc way too high.

Morning~~

[alvian33]

yes, gold and silver futures. by no worry you mean we go up? thanks

[jamesmith]

the problem here is ChiOsc way too high.

Got this from stockcharts~~
1. Money Flow Multiplier = [(Close - Low) - (High - Close)] /(High - Low)
2. Money Flow Volume = Money Flow Multiplier x Volume for the Period
3. ADL = Previous ADL + Current Period's Money Flow Volume
4. Chaikin Oscillator = (3-day EMA of ADL) - (10-day EMA of ADL)
So low volume and small ranger will lower ChiOsc? :?:

[99er]

SPX
Mesdames et Messieurs...
http://99ercharts.blogspot.com/2011/04/spx_28.html
Les jeux sont faits.

[AK84]

Hi Cobra,

DO you think the first pullback in AMZN is a buy given yday's huge price action and Cobra's law of inertia ? Although AMZN is WAYYYYYYYYYYYY above top BB .

[jamesmith]

Hi Cobra,

DO you think the first pullback in AMZN is a buy given yday's huge price action and Cobra's law of inertia ? :) Although AMZN is WAYYYYYYYYYYYY above top BB .

i wanted the same question~~

[lilitulip]

No comment

Hi Cletus,

what is the reason you wach IYR so closely? currently it seems it performed the best compared with other index, and RSI pretty high. Do you think buy DRV too early? thanks

[cletus]

No comment

Hi Cletus,

what is the reason you wach IYR so closely? currently it seems it performed the best compared with other index, and RSI pretty high. Do you think buy DRV too early? thanks

It is very overbought and at key resistance. If you are in DRV, just hold, if you haven't bought it, probably good to wait for confirmation of selling, but good short opportunity is there from risk/reward perspective.

[99er]

DXY

Going out on a limb here but the USD may have bottomed. Caveat: With Ben's tricks and the "currency wars," this thing is the most difficult of all assets to analyze.

Daily: http://99ercharts.blogspot.com/2011/04/dxy-d.html
Weekly: http://99ercharts.blogspot.com/2011/04/dxy-w.html

No opinions without charts.

[Cobra]

Hi Cobra,

DO you think the first pullback in AMZN is a buy given yday's huge price action and Cobra's law of inertia ? Although AMZN is WAYYYYYYYYYYYY above top BB .

yes, amzn is buy.

[Rezito]

SPY tested yesterday's high but the QQQs didn't do the same. If $59 gets a 2 bar break down I'd expect SPY to follow suit...until then...

[Cobra]

hmm, a little late now (because I need time to draw chart and download images), anyway, the bias is still on the upside.