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11/17/2011 Intraday Watering

Re: 11/17/2011 Intraday Watering

Postby HappyFriday » Thu Nov 17, 2011 5:05 pm

DOW up 50 points at last half min. !!!
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Re: 11/17/2011 Intraday Watering

Postby jarbo456 » Thu Nov 17, 2011 5:07 pm

HappyFriday wrote:DOW up 50 points at last half min. !!!


ridiculous. i thought google finance was wrong when i saw that it ended at 134...-_-

went from 180 to 134 in the last minute.
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Re: 11/17/2011 Intraday Watering

Postby gabor » Thu Nov 17, 2011 5:08 pm

I see bearish reversal in oil. I fact, spx is at almost the monthly low.
Last edited by gabor on Thu Nov 17, 2011 5:08 pm, edited 1 time in total.
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Re: 11/17/2011 Intraday Watering

Postby kaiboliu » Thu Nov 17, 2011 5:08 pm

hoping for a gap up tomorrow. Holding long and short over night.
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Re: 11/17/2011 Intraday Watering

Postby TWT » Thu Nov 17, 2011 5:08 pm

SPX

It looks like that this down leg could get impulsive = wave (C) down off the Triangle wave (B)
This count should be ok as long as we don´t get an overlap above 1226.76

At the eod we have a completed small triangle that should have established the bottom of the wave (3)
In addition with TRIN at 2.78 , it is reasonable to expect followthrough to the upside for tomorrow.

If we get the overlao then a large ED could be the pattern
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Re: 11/17/2011 Intraday Watering

Postby jarbo456 » Thu Nov 17, 2011 5:08 pm

CRM getting hammered in the afterhours...down over 10%. Q3 loss of 3 cents.
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Re: 11/17/2011 Intraday Watering

Postby MrMiyagi » Thu Nov 17, 2011 5:10 pm

See y'all tomorra.
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Re: 11/17/2011 Intraday Watering

Postby fehro » Thu Nov 17, 2011 5:13 pm

hmm.. a larger channel... this could argue a bounce right here
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Re: 11/17/2011 Intraday Watering

Postby wayne0708 » Thu Nov 17, 2011 5:21 pm

Cobra wrote:well, guess that's it for today. NORMALLY we should have a lower low first tomorrow. the intermediate-term trend is still up. thank you guys, I'll see you tomorrow.

Cobra:
I thought you mentioned somewhere in your market outlook that breaking 11/01 would be a trend change.
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Re: 11/17/2011 Intraday Watering

Postby TWT » Thu Nov 17, 2011 5:31 pm

SPX: If we get the overlap then the pattern could be an Ending Diagonal wave (C)
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Re: 11/17/2011 Intraday Watering

Postby Cobra » Thu Nov 17, 2011 5:44 pm

wayne0708 wrote:
Cobra wrote:well, guess that's it for today. NORMALLY we should have a lower low first tomorrow. the intermediate-term trend is still up. thank you guys, I'll see you tomorrow.

Cobra:
I thought you mentioned somewhere in your market outlook that breaking 11/01 would be a trend change.


not confirmed breakdown yet.

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Re: 11/17/2011 Intraday Watering

Postby pidge66 » Thu Nov 17, 2011 7:08 pm

Annotated SPY day trade using Al Brooke's price action technique. Please comment if you have any insight or suggestion. I'm here to learn.
http://wp.me/p1jbrN-hX
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Re: 11/17/2011 Intraday Watering

Postby dcurban1 » Thu Nov 17, 2011 7:42 pm

wayne0708 wrote:
Cobra wrote:well, guess that's it for today. NORMALLY we should have a lower low first tomorrow. the intermediate-term trend is still up. thank you guys, I'll see you tomorrow.

Cobra:
I thought you mentioned somewhere in your market outlook that breaking 11/01 would be a trend change.

You want to see that support level become a resistance level so it does not become a bear trap.

Then again next week will be odd with Thanksgiving. That should mean lower than normal volume, especially on Friday.
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