12/08/2011 Intraday Watering

[Al_Dente]

hmmmmm I wonder if our King will say something about his $NYDNV:$NYUPV today?

[heavenskrow]

euro could be setting up a mini inverse H+S so be cautious

[michelangelo]

We look oversold. Think we get a bounce.

[Me XMan]

I think he's got taken out with that spike up....who knows.

yipieee.. we are going skiing...
where is 99er!!!!! i still miss him......

[Me XMan]

That $125 line was critical. Bulls gonna give another test soon.

You mean the green line below? I don't think it's as important as the broken one we just did, because that broken one has been tested several times therefore proven to be important but this green line hasn't been tested yet, so we don't know if anyone is willing to defend there.

[dcurban1]

Now if you had the ex-Italian PM there it would be gold.

[fulkdaddy]

guys, please, stop calling me "Master". I'm no master. If I were, I'd already sunbath at some famous beach now. So really I'm not.

Cobra, I am impressed and humbled by your humility. When we believe our success is of our doing, we are soon to be "spanked" by Mr. Market. If you have a good day trading, the best thing you can do is give some of it to those who are less fortunate to have had the Market God's bless them with reward.

When you give, the universe will reward you for valuing humility, generosity, and remember “but for the grace of God go I”. The Consciouness of the Universe (God, Consciousness, etc., use what works for you) gives us things to better the world with: money, children, relationships, etc. If we use them properly, we get to continue using them, and even more. When we don’t, He takes them away and gives them to those who would like a turn at trying. Free will, as uncovered in the metaphor of Garden of Eden by biting the forbidden fruit, is how we show Him how well we are doing His work, or at least trying to do our best at it.

I submit you all test my thesis and give it a try...profits await...the more I give the more the Universe rewards my trading

[cougar]

How about some oily trading? USO is famous for losing value during short periods of time. That makes it very interesting for a longer swing SHORT TRADE! If it drops through this support area (just above 38) it should have a next rendezvous with the 36 zone (next strong support).

Cougie: do you chart anything other than USO for oily indicator? I made a sweet little pot in USO in the ’08 bubble. Then it scared me away when it moved to Crazytown a while back…. It moved in right next door to Baltic Dry… now they both seem to be back on planet earth… but I still don’t trust USO yet… how about brent BNO… too new?
[edit: $WTIC ??]

Al: BNO is very different, as expected, since it is “Brent Oil”…
However, it also got a recent SELL signal and is now at support. IMHO, it’s going to break that support and it should kiss the BB (now at 73.49).

[Al_Dente]

1 min
Everything still confirming grizzly, and with nydec >2600 it could go higher/spy lower if it wants to, we shall see, needs a breather
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[BenAndLloyd]

Cobra, Al, BB, Heavenskrow, Richarab et al,
I wanted to thank you for the guidance you provide here everyday. I made decent money since yesterday based on your comments. Appreciate all the hardwork you guys put in.

[Cobra]

guys, please, stop calling me "Master". I'm no master. If I were, I'd already sunbath at some famous beach now. So really I'm not.

Cobra, I am impressed and humbled by your humility. When we believe our success is of our doing, we are soon to be "spanked" by Mr. Market. If you have a good day trading, the best thing you can do is give some of it to those who are less fortunate to have had the Market God's bless them with reward.

When you give, the universe will reward you for valuing humility, generosity, and remember “but for the grace of God go I”. The Consciouness of the Universe (God, Consciousness, etc., use what works for you) gives us things to better the world with: money, children, relationships, etc. If we use them properly, we get to continue using them, and even more. When we don’t, He takes them away and gives them to those who would like a turn at trying. Free will, as uncovered in the metaphor of Garden of Eden by biting the forbidden fruit, is how we show Him how well we are doing His work, or at least trying to do our best at it.

I submit you all test my thesis and give it a try...profits await...the more I give the more the Universe rewards my trading

Thanks for reminding me. I'll do as you said as I've been doing.

[Me XMan]

Man that last spike down was bad for bulls...
Looking like SPY will close near LOD.

[tigerwang9999]

Cobra,

do you still maintain to buy TNA and UCO today? Thanks

[MrMiyagi]

Cobra, what's with the Chinese transcript? Curious.

[heavenskrow]

bears....

[proteus46]

Must defend 123.60

[Al_Dente]

How about some oily trading? USO is famous for losing value during short periods of time. That makes it very interesting for a longer swing SHORT TRADE! If it drops through this support area (just above 38) it should have a next rendezvous with the 36 zone (next strong support).

Cougie: do you chart anything other than USO for oily indicator? I made a sweet little pot in USO in the ’08 bubble. Then it scared me away when it moved to Crazytown a while back…. It moved in right next door to Baltic Dry… now they both seem to be back on planet earth… but I still don’t trust USO yet… how about brent BNO… too new? [edit: $WTIC ??]

Al: BNO is very different, as expected, since it is “Brent Oil”…
However, it also got a recent SELL signal and is now at support. IMHO, it’s going to break that support and it should kiss the BB (now at 73.49).

cool, thanks….. but….. do I have to kiss the bb “The Baron”, eeewwwwwww
or can I just kiss the bolinger adios
http://www.youtube.com/watch?v=b9eTsLOGHGI

[knock]

anybody feels today pattern is very alike yesterday's?

[StrikePrice]

Dow 12,000 continues to hold. Closed the rest of my shorts and now I'm only in my trapped long. We'll see..

[Al_Dente]

Cobra, Al, BB, Heavenskrow, Richarab et al,
I wanted to thank you for the guidance you provide here everyday. I made decent money since yesterday based on your comments. Appreciate all the hardwork you guys put in.

OMG BenAndLloyd, you are a kind and handsome person. Thank you for your comments, appreciate that.

http://www.youtube.com/watch?v=BteIwbKU ... re=related