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11/16/2011 Intraday Watering

Re: 11/16/2011 Intraday Watering

Postby rhight » Wed Nov 16, 2011 5:01 pm

Dow Trader wrote:Daily ( warning for bulls ) 8-)


I agree Dow Trader, I've seen that line develop for 6 weeks now, and it has to be considered the up trend, close to being broken.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
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Re: 11/16/2011 Intraday Watering

Postby Dow Trader » Wed Nov 16, 2011 5:04 pm

rhight wrote:
Dow Trader wrote:Daily ( warning for bulls ) 8-)


I agree Dow Trader, I've seen that line develop for 6 weeks now, and it has to be considered the up trend, close to being broken.

yes, agree .. also it closed exactly at the line while they left it for the thursday trading which is usually a crazy day with big swings .. lets see what will happen tommorow, I think it is a key day 8-)
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Re: 11/16/2011 Intraday Watering

Postby Cobra » Wed Nov 16, 2011 5:04 pm

Ed02 wrote:
Cobra wrote:continue down after a pause as I said. no time now, just hopefully I could finally find something to say tonight.


Cobra, for today's case, did your portfolio open a position for TNA?


yes, sure, it's mechanical system, so definitely it longed.

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Re: 11/16/2011 Intraday Watering

Postby rhight » Wed Nov 16, 2011 5:07 pm

Dow Trader wrote:
rhight wrote:
Dow Trader wrote:Daily ( warning for bulls ) 8-)


I agree Dow Trader, I've seen that line develop for 6 weeks now, and it has to be considered the up trend, close to being broken.

yes, agree .. also it closed exactly at the line while they left it for the thursday trading which is usually a crazy day with big swings .. lets see what will happen tommorow, I think it is a key day 8-)


Here's my version of that chart.
Last edited by rhight on Fri Feb 17, 2012 11:11 am, edited 1 time in total.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
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Re: 11/16/2011 Intraday Watering

Postby L_T » Wed Nov 16, 2011 5:12 pm

gabor wrote:
L_T wrote:Have we fallen out of the triangle yet?

Not yet. Tomorrow.


I see most everyone is gone already but I thought I would throw this up there. To me trend lines are subjective the more you "zoom in" so I suppose these are as good as any. I guess I answered my own question as well. Tomorrow will either be interesting as we fall below the lower line or boring if we grind higher again.
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Re: 11/16/2011 Intraday Watering

Postby Dow Trader » Wed Nov 16, 2011 5:15 pm

rhight wrote:
Dow Trader wrote:
rhight wrote:
Dow Trader wrote:Daily ( warning for bulls ) 8-)


I agree Dow Trader, I've seen that line develop for 6 weeks now, and it has to be considered the up trend, close to being broken.

yes, agree .. also it closed exactly at the line while they left it for the thursday trading which is usually a crazy day with big swings .. lets see what will happen tommorow, I think it is a key day 8-)


Here's my version of that chart.

nice chart
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Re: 11/16/2011 Intraday Watering

Postby TWT » Wed Nov 16, 2011 5:23 pm

SPX: Something different

We know that if 1226.64 is breached the Triangle is dead

Below an alt count which calls for an ED wave (C) of (B)
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Re: 11/16/2011 Intraday Watering

Postby Cobra » Wed Nov 16, 2011 8:51 pm

rocstockmarketlevels wrote:IMO here are the current support and resistance levels for oil, gold, and silver.



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