02/16/2011 Intraday Watering

[Cobra]

Much more risk though because in the morning, it's 5 min OR low support while a moment ago only volume surge tells and it's dangerous to short on a (well, was) strong uptrend day.

[Cobra]

Looks pretty much like a small rising wedge to me or bear flag, so I'll assume the low will be tested?

[Traderwill33]

Cobra--- sorry for the bother again... how about 225x225 or something in that area.... 20K is fine on the avatar.

[Cobra]

Cobra--- sorry for the bother again... how about 225x225 or something in that area.... 20K is fine on the avatar.

256x256 now.

[Traderwill33]

Cobra--- sorry for the bother again... how about 225x225 or something in that area.... 20K is fine on the avatar.

256x256 now.

Thanks again!!!

[Cobra]

Just some quick measurement about the rebound, I still the low will get tested.

[noknowledge]

Cobra,

thanks for this blog... i'm really enjoing it

do you think we're are going to see the usual run up in the last half an hour?

today it doesn't feel like it.....

[noknowledge]

sorry,

i see we have the same feeling.... ok, thanks

[Cobra]

Again, the bid may appear strong, but we need watch up vol : down vol and adv : dec closely. Normally, up vol : down vol should be higher than adv : dec, but strange enough today that adv:dec is more than up vol:down vol. This is not a good sign as far as I remember.

[Cobra]

Cobra,

thanks for this blog... i'm really enjoing it

do you think we're are going to see the usual run up in the last half an hour?

today it doesn't feel like it.....

No, I doubt that.

[PRI]

Cobra,
Thank you for this new forum and for sharing your insight here and in your blog.
Just a heads up... FOMC minutes from the last meeting are due to be released at 2.

[99er]

EURUSD
H&S?
http://99ercharts.blogspot.com/2011/02/eurusd_16.html

[Cobra]

Here comes out FOMC Minute, I don't think it'd be bear friendly?

[Cobra]

Again, the bid may appear strong, but we need watch up vol : down vol and adv : dec closely. Normally, up vol : down vol should be higher than adv : dec, but strange enough today that adv:dec is more than up vol:down vol. This is not a good sign as far as I remember.

OK, my mistake. It's actually is TRIN. I remembered wrong stuff, not this one. Today TRIN is a little above 1 which is not good, but it's very common nowadays. So basically it's nothing.

[Cobra]

Volume surge and a bear bar, let's see if any further pullback here. Nowadays simply every bull reversal is one legged V reversal, no 2nd leg to test low, speechless.

[rbharol]

Bulls should be worried now....

WASHINGTON (MarketWatch) -- Federal Reserve officials were confident that the economy was on firmer footing at their January meeting, leading a few officials to wonder whether the central bank could scale back its $600 billion bond-purchase plan, according to a summary of the meeting released Wednesday. "A few members noted that additional data pointing to a sufficiently strong recovery could make it appropriate to consider reducing the pace or overall size of the purchase program," the minutes said. Others on the Fed's interest rate setting Open Market Committee said they didn't think the outlook would change in any material way before the program is set to expire at the end of June.

[Traderwill33]

If they are questioning QE2 then QE3 is probably off the table... sooner or later that reality will show up in the market.

[lilyywwang]

你这个签名是查IP的吗？就是我在的地方，看得我心惊。

Bulls should be worried now....

WASHINGTON (MarketWatch) -- Federal Reserve officials were confident that the economy was on firmer footing at their January meeting, leading a few officials to wonder whether the central bank could scale back its $600 billion bond-purchase plan, according to a summary of the meeting released Wednesday. "A few members noted that additional data pointing to a sufficiently strong recovery could make it appropriate to consider reducing the pace or overall size of the purchase program," the minutes said. Others on the Fed's interest rate setting Open Market Committee said they didn't think the outlook would change in any material way before the program is set to expire at the end of June.

[rbharol]

[quote="lilyywwang"]你这个签名是查IP的吗？就是我在的地方，看得我心惊。

I wish I could read chinese..

[q2model]

你这个签名是查IP的吗？就是我在的地方，看得我心惊。

I wish I could read chinese..

Your signature always show something about my IP and location ( I guess lilyywwang's on his/her screen). It is a bit scary to him/her.