04/27/2011 Intraday Comment

BullBear52x · Post by **BullBear52x** » Wed Apr 27, 2011 12:19 pm

The resistances are getting stronger, once the RED Fib fan line gave up support it will be hard to trade back up this time.

StrikePrice · Post by **StrikePrice** » Wed Apr 27, 2011 12:30 pm

VIX continues to fall so does that lead us higher?

Post by **Cobra** » Wed Apr 27, 2011 12:36 pm

well, show time, but I think the real show is 2:15pm ET.

Post by **Cobra** » Wed Apr 27, 2011 12:43 pm

resistance.

Thunder · Post by **Thunder** » Wed Apr 27, 2011 12:52 pm

NEWS FROM THE FED !!!

http://www.marketwatch.com/story/fed-ho ... 2011-04-27

Post by **Cobra** » Wed Apr 27, 2011 1:08 pm

simply from 60 min chart, the consolidation here mean more on the upside.

soku · Post by **soku** » Wed Apr 27, 2011 1:18 pm

es is challenging 1346-1347 area. if makes, we may see 1355 today

rptrader · Post by **rptrader** » Wed Apr 27, 2011 1:32 pm

it's always buy dip trade, market always trend up with Fed/Bernake print money, my every bet on bear failed.

Post by **Cobra** » Wed Apr 27, 2011 1:41 pm

the chart still looks like a breakout on the upside is in the card. I'm not as sure as some other days before because I saw weaknesses somewhere else, so let's wait and see.

maldini · Post by **maldini** » Wed Apr 27, 2011 1:52 pm

Don't know whether COBRA has posted sth similar, anyway, here is an wedge

Artyomzzz · Post by **Artyomzzz** » Wed Apr 27, 2011 1:53 pm

Cobra, what other weaknesses are you seeing?

Post by **Cobra** » Wed Apr 27, 2011 1:55 pm

breakout indeed, I just hope this is not a head fake.

Post by **Cobra** » Wed Apr 27, 2011 1:55 pm

Artyomzzz wrote:Cobra, what other weaknesses are you seeing?

the rise so far is caused by heavy weighted stocks, so not good enough.

99er · Post by **99er** » Wed Apr 27, 2011 1:59 pm

Gold
New high.
http://99ercharts.blogspot.com/2011/04/gold_27.html
Again.

soku · Post by **soku** » Wed Apr 27, 2011 2:00 pm

Cobra wrote:breakout indeed, I just hope this is not a head fake.

i have some tool indicating a cycle top at es 1347.5
the same indicator successfully predicted cycle bottom and top at 1340.25 and 1346.25 for today. i have seen all kinds of exceptions.
probability-wise, i will say no real break out until 2:15. no position. just watching

BillyRipken · Post by **BillyRipken** » Wed Apr 27, 2011 2:01 pm

Cobra,
How are you feeling about the last two days of the month in light of this new high, and tomorrow's GDP announcement? Do we get a small reset or are we just going to blow the top off this thing?

Post by **Cobra** » Wed Apr 27, 2011 2:02 pm

critical time again, fail to up huge from here would mean a 2 legged down.

99er · Post by **99er** » Wed Apr 27, 2011 2:03 pm

Silver
Heading on up...
http://99ercharts.blogspot.com/2011/04/silver_27.html
Again.

Post by **Cobra** » Wed Apr 27, 2011 2:05 pm

well, chances for a 2 legged pullback becomes higher and higher. why 2 legged down because I saw clear 3 push up here.

Mr. BachNut · Post by **Mr. BachNut** » Wed Apr 27, 2011 2:08 pm

U.S. $ ready to give up the ghost. It is down more than equities are up.

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04/27/2011 Intraday Comment

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