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Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:05 pm
by HappyFriday
DOW up 50 points at last half min. !!!
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:07 pm
by jarbo456
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.
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:08 pm
by gabor
I see bearish reversal in oil. I fact, spx is at almost the monthly low.
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:08 pm
by kaiboliu
hoping for a gap up tomorrow. Holding long and short over night.
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:08 pm
by TWT
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
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:08 pm
by jarbo456
CRM getting hammered in the afterhours...down over 10%. Q3 loss of 3 cents.
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:10 pm
by MrMiyagi
See y'all tomorra.
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:13 pm
by fehro
hmm.. a larger channel... this could argue a bounce right here
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:21 pm
by wayne0708
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.
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:31 pm
by TWT
SPX: If we get the overlap then the pattern could be an Ending Diagonal wave (C)
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 5:44 pm
by Cobra
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.
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 7:08 pm
by pidge66
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
Re: 11/17/2011 Intraday Watering
Posted: Thu Nov 17, 2011 7:42 pm
by dcurban1
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.