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11/18/2011 Intraday Watering

Re: 11/18/2011 Intraday Watering

Postby PLUNGE » Fri Nov 18, 2011 4:31 pm

Apple: "What an amazing mix of folks here. From politics to butterfly collector"

Not to mention surfer, world traveler, and ardent admirer of honey(s).
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Re: 11/18/2011 Intraday Watering

Postby Petsamo » Fri Nov 18, 2011 4:32 pm

Cobra wrote:consolidation above support is generally not good. I know nowadays everyone knows to buy at consolidation no matter it's bear flag or bull flag, any consolidation means up, but I still have to respect the normal cases: a consolidation above support GENERALLY is not a good sign. It acts like a spring and will burst at anytime and chances are it'd be on the downside.

We probably finish inside the triangle and let overseas markets determine whether we drop or rise, just like the previous triangle.
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Re: 11/18/2011 Intraday Watering

Postby rpccharts » Fri Nov 18, 2011 4:32 pm

Image

Image
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Re: 11/18/2011 Intraday Watering

Postby 99er » Fri Nov 18, 2011 4:33 pm

PLUNGE

The last rings most true.
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Re: 11/18/2011 Intraday Watering

Postby CognitiveDissonance » Fri Nov 18, 2011 4:33 pm

tdo722 wrote:
CognitiveDissonance wrote:
tdo722 wrote:Wow, thank god I waited, the damn RUT went back inside the up channel from 12:05PM. haha...



tdo, please don't take this the wrong way, as I'm in no way a pro at this, but sometimes you're my contra indicator :oops:


:) which is good because i'm a very bad trader. :)


FWIW, I think I'm a poor trader as well.

Thanks for being a good sport :)
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Re: 11/18/2011 Intraday Watering

Postby Tabby » Fri Nov 18, 2011 4:33 pm

99er wrote:Tabby

The piece about Congress' inability to balance the budget, particularly with the "Super Committee" report due next week on how they plan to reduce the current budget (expected to be an epic fail), demonstrates that our crisis is not only financial in nature but political as well. That 60 Minutes and Throw Them All Out highlight possible criminal conduct further adds fuel to the fire. That's why I consider our House to be comprised of crooks and clowns. Nothing personal, mind you; I spent the first two years out of college working on Capitol Hill. If I only knew then....

By the way, there are clowns in Europe too.

http://globaleconomicanalysis.blogspot. ... r-can.html


Aug 4, Obama's B day, those clowns were able to drop Dow by 500 points. Pink or white noise, the white noise that I am concerened with on Nov 23. This market goes up with spending not cut. If $USD goes up then equity comes down. Let's agree on our disagreement.

Peace.
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Re: 11/18/2011 Intraday Watering

Postby MrMiyagi » Fri Nov 18, 2011 4:34 pm

Looks like I`ll be holding TZA through the weekend.
I bet Monday huge gap up, Tuesday I eat cat food.
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Re: 11/18/2011 Intraday Watering

Postby CognitiveDissonance » Fri Nov 18, 2011 4:36 pm

Tabby wrote:
99er wrote:Tabby

The piece about Congress' inability to balance the budget, particularly with the "Super Committee" report due next week on how they plan to reduce the current budget (expected to be an epic fail), demonstrates that our crisis is not only financial in nature but political as well. That 60 Minutes and Throw Them All Out highlight possible criminal conduct further adds fuel to the fire. That's why I consider our House to be comprised of crooks and clowns. Nothing personal, mind you; I spent the first two years out of college working on Capitol Hill. If I only knew then....

By the way, there are clowns in Europe too.

http://globaleconomicanalysis.blogspot. ... r-can.html


Aug 4, Obama's B day, those clowns were able to drop Dow by 500 points. Pink or white noise, the white noise that I am concerened with on Nov 23. This market goes up with spending not cut. If $USD goes up then equity comes down. Let's agree on our disagreement.

Peace.



Best quote I read all day " both parties have run this country into the ground'

I'm a poli sci professor and I gave up on both parties a while ago...
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Re: 11/18/2011 Intraday Watering

Postby KENA » Fri Nov 18, 2011 4:36 pm

For those that were asking about what the Stock Traders Almanac says about Thanksgiving week. Quote..Enter mkt long in weakness prior and exit on strength after.
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Re: 11/18/2011 Intraday Watering

Postby Petsamo » Fri Nov 18, 2011 4:37 pm

MrMiyagi wrote:Looks like I`ll be holding TZA through the weekend.
I bet Monday huge gap up, Tuesday I eat cat food.

You bought TZA using unsettled funds?
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Re: 11/18/2011 Intraday Watering

Postby tdo722 » Fri Nov 18, 2011 4:39 pm

Petsamo wrote:
MrMiyagi wrote:Looks like I`ll be holding TZA through the weekend.
I bet Monday huge gap up, Tuesday I eat cat food.

You bought TZA using unsettled funds?


I love eating kibbles too. :)
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Re: 11/18/2011 Intraday Watering

Postby Cobra » Fri Nov 18, 2011 4:41 pm

20 min to go, OE day, anything can happen. bears need pray, as long as we close flat today, then it's a victory which if indeed I'd explain in the weekend report.
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Re: 11/18/2011 Intraday Watering

Postby 99er » Fri Nov 18, 2011 4:42 pm

Update

SPX http://99ercharts.blogspot.com/2011/11/spx_6104.html

Bear Flag widened; still back testing and, more importantly, it's the same flag pole.
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Re: 11/18/2011 Intraday Watering

Postby BullBear52x » Fri Nov 18, 2011 4:42 pm

OK here is another TA note short term, see RSI(5) daily, any gap down on Monday I wll see it as exhaustion gap and should be bought, anyways, will Doji possible today? this one will be another one to look at also, I am checking out, Thanks Cobra and all everyone, have a good weekend.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 11/18/2011 Intraday Watering

Postby MrMiyagi » Fri Nov 18, 2011 4:43 pm

Petsamo wrote:
MrMiyagi wrote:Looks like I`ll be holding TZA through the weekend.
I bet Monday huge gap up, Tuesday I eat cat food.

You bought TZA using unsettled funds?


Unsettled funds?
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Re: 11/18/2011 Intraday Watering

Postby L_T » Fri Nov 18, 2011 4:43 pm

That's kinda cryptic. Do you mean as long as we close flat today it's a victory for the bears?

Cobra wrote:20 min to go, OE day, anything can happen. bears need pray, as long as we close flat today, then it's a victory which if indeed I'd explain in the weekend report.
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Re: 11/18/2011 Intraday Watering

Postby StrikePrice » Fri Nov 18, 2011 4:44 pm

Perfect touch of trendline on SPY...could be a fakeout my friends
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Re: 11/18/2011 Intraday Watering

Postby zhyuan04 » Fri Nov 18, 2011 4:44 pm

Hi Cobra. Thanks. Do you mean victory for bears or bulls?

Cobra wrote:20 min to go, OE day, anything can happen. bears need pray, as long as we close flat today, then it's a victory which if indeed I'd explain in the weekend report.
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Re: 11/18/2011 Intraday Watering

Postby EFA » Fri Nov 18, 2011 4:44 pm

tdo722 wrote:
Petsamo wrote:
MrMiyagi wrote:Looks like I`ll be holding TZA through the weekend.
I bet Monday huge gap up, Tuesday I eat cat food.

You bought TZA using unsettled funds?


I love eating kibbles too. :)


You guys are too funny!!! Cat food is better than junk food, isnt't it?
Plus nothing seems very strong on the bull side.... bulls have been very disappointing today! :lol:
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Re: 11/18/2011 Intraday Watering

Postby laoguo » Fri Nov 18, 2011 4:45 pm

What if VIX and SPY both close read, any implication? Cobra?
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