05/06/2011 Intraday Watering

Tabby · Post by **Tabby** » Fri May 06, 2011 12:49 pm

Bull bear52,
How about buying inverse etfs?

MajorEasy · Post by **MajorEasy** » Fri May 06, 2011 12:57 pm

the $TICK chart can confirm and predict
after COBRA it's my best trading buddy

BullBear52x · Post by **BullBear52x** » Fri May 06, 2011 12:59 pm

Tabby wrote:Bull bear52,
How about buying inverse etfs?

I still hold on my half lot short etfs, and new short SSO today. when SRS stay green this morning I know something is not right but then again so long SPY trade under its 5dma it's down trend to me. sell the rally is intact.

later, hungry now.

Post by **Cobra** » Fri May 06, 2011 1:02 pm

breakdown then back test, critical time, bulls must show strength here otherwise the patten will be bearish.

Tabby · Post by **Tabby** » Fri May 06, 2011 1:07 pm

I like AGQ.
It hits lower BB and when STO, RSI are the lowest point, it goes up by $2-$3 and then I sell it. I am using 1 min chart. It is basic, it works for me.

Tabby · Post by **Tabby** » Fri May 06, 2011 1:08 pm

I don't suggest anyone trading it. It is very voltile. It was shorted from $379 to $179 in past couple weeks.

uempel · Post by **uempel** » Fri May 06, 2011 1:11 pm

I'm off for today. It's sunny outside and I'm going for a jog. Wish you guys and most notably all the mothers a happy weekend...

KENA · Post by **KENA** » Fri May 06, 2011 1:12 pm

The NTSI closed dn at 655.18. Today may be a blip up move but it still has more dn togo befor turning up. Also it has been in its low range for long time .This not showing a strong mkt. Could turn dn any time. Watch, wait and see.

Dow Trader · Post by **Dow Trader** » Fri May 06, 2011 1:13 pm

big news in Eur.. wow

99er · Post by **99er** » Fri May 06, 2011 1:17 pm

EURUSD
How do you say "oh shit" in Greek?
http://99ercharts.blogspot.com/2011/05/eurusd_5827.html

Post by **Cobra** » Fri May 06, 2011 1:19 pm

too bad, breakout pullback is a very reliable trading setup.

nikman · Post by **nikman** » Fri May 06, 2011 1:26 pm

Cobra wrote:too bad, breakout pullback is a very reliable trading setup.

Cobra,

After today's news and several trading set-ups, what is your short-term and intermediate-term targets?

99er · Post by **99er** » Fri May 06, 2011 1:30 pm

10-Year Note
Will it break north?
http://99ercharts.blogspot.com/2011/05/10y.html
Possible IH&S.

MajorEasy · Post by **MajorEasy** » Fri May 06, 2011 1:30 pm

$TNX is now negative
http://stockcharts.com/h-sc/ui?s=$TNX&p ... 3896291469

Post by **Cobra** » Fri May 06, 2011 1:36 pm

nikman wrote:
Cobra wrote:too bad, breakout pullback is a very reliable trading setup.
Cobra,

After today's news and several trading set-ups, what is your short-term and intermediate-term targets?

Intermediate-term is still up until proven wrong.

short-term I still think that yesterday lows will be revisited then we'll see.

Post by **Cobra** » Fri May 06, 2011 1:37 pm

just an update to keep you guys awake. I was mostly sleepy those days. Channel I see.

uempel · Post by **uempel** » Fri May 06, 2011 1:39 pm

I closed the shorts a bit too early at 1344. This chart would have given the correct support level. I wanted to leave and go for a jog, but I keep on staring at the screen.... As to what happens on Monday - it's a game of Roulette

, so I'm 100% cash now.

Post by **Cobra** » Fri May 06, 2011 1:41 pm

so far the good news for bulls is UUP hitting the trend line resistance now.

nikman · Post by **nikman** » Fri May 06, 2011 1:44 pm

Cobra wrote:
nikman wrote:
Cobra wrote:too bad, breakout pullback is a very reliable trading setup.
Cobra,

After today's news and several trading set-ups, what is your short-term and intermediate-term targets?
Intermediate-term is still up until proven wrong.

short-term I still think that yesterday lows will be revisited then we'll see.

Thanks!

lilitulip · Post by **lilitulip** » Fri May 06, 2011 1:51 pm

Hi, SMH hitting new high, but seems RSI is weekening, what's your thoughts about shorting it? thanks

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05/06/2011 Intraday Watering

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