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11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:05 am
by Cobra
Gap down open around yesterday's lows, so not sure if the gap will be filled or not.
The Global ES doesn't look good. Revisited yesterday's high overnight with a lower high and since it failed, according to you Earth people's rule, it's trying the low now. Should the blue line below broken, it'd be 1-2-3 trend change with the text book target around Nov 1st lows.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:10 am
by jarbo456
just a quick update on the EUR/USD. two short term trend lines...the lower started from the recent high on Friday. this was violated at the Euro open at 3am this morning, but the price has since then dropped precipitously. i don't see an equities trend change if either of these two trend lines hold. if the euro manages to pop over the higher boundary, we could see a green day in equities.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:13 am
by jarbo456
from Cashin's Comments this morning -
"The S&P appears to be at an important juncture. We have previously discussed the idea that the index has been
tracing out a triangle since its October 27 high. Since Tuesday’s rally occurred in the context of an outside day (a
lower low followed by a higher high compared to Monday’s extremes), a case can be made that the minimum
requirements for a complete triangle have been satisfied. As such, a rally through 1266-1267 in the next day or
two would help to confirm the completion of the pattern. Since triangles are continuation patterns, a breakout
would signal the resumption of the fourth quarter rally and pave the way for at least a test of May’s high.
A failure to immediately break out would not upset the triangle count. Indeed, the pattern could easily withstand
a pullback to 1242-1235 and remain valid. However, any near term weakness should not break 1226 and cannot
break 1215.
However, if the latter level were to be violated, the triangle would be invalidated. The risk then would be for
further
weakness to at least 1209; we view 1197-1191 as important second support."
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:14 am
by BullBear52x
GM, on price average ES has shown the sign of weakening since Monday. looking at 1220ish for good support stil, the bears early bird should start flying for the worms now.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:15 am
by gabor
Cobra wrote:Gap down open around yesterday's lows, so not sure if the gap will be filled or not.
The Global ES doesn't look good. Revisited yesterday's high overnight with a lower high and since it failed, according to you Earth people's rule, it's trying the low now. Should the blue line below broken, it'd be 1-2-3 trend change with the text book target around Nov 1st lows.
Hi Cobra, how do you interpret the result of the sentiment poll?
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:15 am
by agnosia
morning guys. was up till 4am trading /es and /cl . still very very confused as to why crude won't stop rising. regardless this morning we filled 100.74 gap. there's one more up at 101.87... i am trying some shorts for now before the inventory report comes out.
did a war break out i am not aware of???????
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:15 am
by 99er
Good Morning.
So honey...what's happening in Europe this morning?
http://99ercharts.blogspot.com/2011/11/euroland.html
Looking edgy.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:17 am
by 99er
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:20 am
by 99er
*
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:25 am
by 99er
But what will we do? Cross country?
ES
http://99ercharts.blogspot.com/2011/11/es_16.html
Downhill.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:30 am
by Cobra
once again we had "too many connections" error.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:31 am
by Cobra
the open. very stretched, so could be a rebound first.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:31 am
by chodaboy19
This is what I got this AM:
General Error
SQL ERROR [ mysqli ]
Too many connections [1040]
An sql error occurred while fetching this page. Please contact an administrator if this problem persists.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:31 am
by rocstockmarketlevels
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:34 am
by Al_Dente
Let’s see if we can hold a bear trend today?
On my watch, the spy has given EIGHT buy/sell signals in the last TWELVE trading days.
This is on our fav “Corey Cross” 50/200ma on the 5min, which is “usually/sometimes” good for a few days swing.
I believe that qualifies as “choppy” no? Here’s what my eyeballs see:
Sell 31 oct
Buy 3 nov
Sell 7 nov
Buy 7 nov
Sell 9 nov
Buy 11 nov
Sell 14 nov
Buy 15 nov
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =248897330
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:35 am
by KENA
Cobra wrote:once again we had "too many connections" error.
Yes ..I had a very hard time getting on..Guess I will have to get here eariler.
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:35 am
by BullBear52x
Al_Dente wrote:Let’s see if we can hold a bear trend today?
On my watch, the spy has given EIGHT buy/sell signals in the last TWELVE trading days.
This is on our fav “Corey Cross” 50/200ma on the 5min, which is “usually/sometimes” good for a few days swing.
I believe that qualifies as “choppy” no? Here’s what my eyeballs see:
Sell 31 oct
Buy 3 nov
Sell 7 nov
Buy 7 nov
Sell 9 nov
Buy 11 nov
Sell 14 nov
Buy 15 nov
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =248897330
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:35 am
by Cobra
did you check my last night Market Outlook?
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:37 am
by fehro
another H&S target... within a triangle
Re: 11/16/2011 Intraday Watering
Posted: Wed Nov 16, 2011 10:38 am
by rpccharts
EDZ up 1.20 from end of day yest call... taking profits
