11/02/2011 Intraday Watering

[BullBear52x]

I am back shorting SSO,
Per AL, borrow to sell short to the box

http://www.youtube.com/watch?v=s9PcMWa9 ... re=related

Too many people predicted up higher that's why I do it.

[Cobra]

key time. any time challenging the previous high, there's a chance for reversal, let's see.

[janez]

Also think more to the upside first.

[RealMoneyIssues]

100% agree with Clark, people should learn HOW to trade here, not expect to be told exactly WHAT to trade.

I am one of the newbies learning and agree that folks should take the time to look up (Google, Investopedia) the terms, etc.
Please realize too that some of the slang or "trade talk" doesn't make sense to many of us... I have been trying to keep up day to day so that I can try to learn the lingo, but it is a slow process.
I am not defending stupid questions, just trying to explain sometime things that make sense to you seasoned traders do not to us newbies...

[cougar]

Some levels to consider:

[Al_Dente]

100% agree with Clark, people should learn HOW to trade here, not expect to be told exactly WHAT to trade.

Hi Bushie: so.... what should I buy here?
Am trying to find my earlier post where I said I don’t believe the NYAD, so I can delete it.
DON’T EVER LET ME mistrust that a/d

[Cobra]

breakout target. 75% chances.

[Me XMan]

Short SPY 124.2

[janez]

Be humble and be quiet if confused.

[bushwaffle]

100% agree with Clark, people should learn HOW to trade here, not expect to be told exactly WHAT to trade.

Hi Bushie: so.... what should I buy here?
Am trying to find my earlier post where I said I don’t believe the NYAD, so I can delete it.
DON’T EVER LET ME mistrust that a/d

my CD will be on Itunes in a couple weeks, buy that.

[L_T]

Al could you please explain how you came to that conclusion? Thanks!

FCX just went sell

[Cobra]

I don't post on here very often because I recognize the talent in this room and feel I can't provide insight to match. But I would say in the couple months I've been on here I've seen an increasing number of people asking Cobra for clarification, each person might ask a couple times but collectively it's getting to be much. In my opinion, it's better to sit back and soak it all in, decepher things for yourself than seeking the "quick answer". Below is his opening comment, I don't view it as predicting a downtrend at all....more of uncertainty.
I'm only saying this because I've been in rooms before where this happens and witnessed it start to wear on the one provider (Cobra) and change the beauty of the site.....that's all. Apologize if seeming rude, not my intention at all

Cobra:
Gap up above yesterday's high, so chances are the gap won't be filled, not sure as almost all the gaps the next day after a Major Distribution Day got filled.

The global ES is a clear Bear Flag, so the rebound eventually would fail, well, NORMALLY.

Cobra. Who needs to pray today?

normally, today should be very bullish.

so bears should.

NORMALLY.

Your open post predicted a downtrend today? Sorry I am a little confused, and would appreciate some clarification! Thanks much.

Thanks. Appreciate.

The opening statement is more about a little bit bigger picture because it's on 60 min chart.

The day's trend relies on 5 min chart which obviously is up.

[soku]

i found this website via cobra's blog roll. interesting stuff such as fiat money by glong
http://www.safehaven.com/article/20159/ ... 011-themes

[Cobra]

100% agree with Clark, people should learn HOW to trade here, not expect to be told exactly WHAT to trade.

I am one of the newbies learning and agree that folks should take the time to look up (Google, Investopedia) the terms, etc.
Please realize too that some of the slang or "trade talk" doesn't make sense to many of us... I have been trying to keep up day to day so that I can try to learn the lingo, but it is a slow process.
I am not defending stupid questions, just trying to explain sometime things that make sense to you seasoned traders do not to us newbies...

I agree too. If you have question, just don't hesitate to ask. If I see it, I'd answer. Sometimes, if I get really busy or not focused, I might skip the questions, I must be honest, I sometimes do skip some questions.

[Al_Dente]

Al could you please explain how you came to that conclusion? Thanks!

FCX just went sell

Hi L_T, ....very short term intraday scalper moving average sell. Even tho it just crossed vwap, it's still a scalper sell at the moment

[BullBear52x]

100% agree with Clark, people should learn HOW to trade here, not expect to be told exactly WHAT to trade.

Hi Bushie: so.... what should I buy here?
Am trying to find my earlier post where I said I don’t believe the NYAD, so I can delete it.
DON’T EVER LET ME mistrust that a/d

Normally Cobra will say I see 3 push up, the evil plan will make a final bump up and then turn

[Cobra]

ok, time to leave for ariport. you guys don't fight, I'll bring back candy!

[99er]

Gee honey...
SPX http://99ercharts.blogspot.com/2011/11/spx_2159.html

Here's that Butterfly again.

[Cobra]

the bigger picture so far, still looks like a bear flag. remember it's the bigger picture, not today's trend which obviously is up.

[soku]

ok, time to leave for ariport. you guys don't fight, I'll bring back candy!

why u go to airport again? sending yr wife to china as anniversary gift?