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11/22/2011 Intraday Watering

Re: 11/22/2011 Intraday Watering

Postby HighRev » Tue Nov 22, 2011 3:34 pm

KENA wrote:
HighRev wrote:Amazing. The IMF news came across the wire just minutes after the /es hit its 50% retrace of the move off of its Oct. 4th low to the tick!


Well planed wouldn't you say..This happens quite a bit.


And certainly something to keep a close eye on as a failure at this point would be megabearish IMO.
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:35 pm

lowered the entry buy stop to 1189.00
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Re: 11/22/2011 Intraday Watering

Postby PRI » Tue Nov 22, 2011 3:37 pm

Notice that the $VIX has dropped below the trendline from its 10/31/11 low.
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Re: 11/22/2011 Intraday Watering

Postby mac769 » Tue Nov 22, 2011 3:38 pm

tdo722 wrote:Dollar can't pass trendline resistance. If it passes that stupid trendline resistance then the stock market is toast. Bond on the other hand is hovering above that trendline hanging out there waiting for the buddy usd.


... who do you think has an imminent interest in not letting the EUR/USD getting out of control?

... but then who buys the USD when the printing press is already running hot ...
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Re: 11/22/2011 Intraday Watering

Postby StrikePrice » Tue Nov 22, 2011 3:38 pm

VXX backs up Evil Plan. I'll wait on how this goes BEFORE getting more Long SPY.
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Re: 11/22/2011 Intraday Watering

Postby Me XMan » Tue Nov 22, 2011 3:41 pm

NOOOOOO!
LEAVE OUR TURKEY GOD ALONE!

MrMiyagi wrote:Bold prediction of the day; SPY closes 119.14$

Turkey God is dead.
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Re: 11/22/2011 Intraday Watering

Postby mac769 » Tue Nov 22, 2011 3:42 pm



thanks for the nice charts, I think copper is toast for some time :)
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:42 pm

tdo722 wrote:
Dow Trader wrote:
tdo722 wrote:
Dow Trader wrote:no trade yet but I have a buy stop at 1191.25 and waiting for adjustment 8-)


You're talking about spx or /es

ES


So we need a green bar that has a low above 1190.25 correct? I'm confused about this low risk setup. Can you draw up something? Thanks much.


example .. also you can wait for the above the green but both methods will work perfectly, keep in mind that this kind of trade is only good for futures because you have to follow it if you stopped out until you have your target
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Re: 11/22/2011 Intraday Watering

Postby MrMiyagi » Tue Nov 22, 2011 3:42 pm

Me XMan wrote:NOOOOOO!
LEAVE OUR TURKEY GOD ALONE!

MrMiyagi wrote:Bold prediction of the day; SPY closes 119.14$

Turkey God is dead.


It's Tuesday, the bird is defrosting, thawed on Wednesday, cooked on Thursday, leftovers on Friday.
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Re: 11/22/2011 Intraday Watering

Postby PRI » Tue Nov 22, 2011 3:43 pm

StrikePrice wrote:VXX backs up Evil Plan. I'll wait on how this goes BEFORE getting more Long SPY.


Notice my post above. $VIX - not the futures broke and has stayed below the same lower trendline since earlier today...
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Re: 11/22/2011 Intraday Watering

Postby fehro » Tue Nov 22, 2011 3:47 pm

Invs H&S, a little lower channel retest? then a break out up? target 1213
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Re: 11/22/2011 Intraday Watering

Postby Algyros » Tue Nov 22, 2011 3:49 pm

Cobra,

Am I right in assuming that if the SPY closes in the red today, the CIS will go short?

As always, thanks for all your tireless work.
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Re: 11/22/2011 Intraday Watering

Postby MrMiyagi » Tue Nov 22, 2011 3:52 pm

Coming up to last hour, stuck in a comatose range.
I still say lower close.
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:54 pm

stopped and waiting for another signal ( same method ) 8-)
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Re: 11/22/2011 Intraday Watering

Postby tdo722 » Tue Nov 22, 2011 3:55 pm

this market so gay.
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Re: 11/22/2011 Intraday Watering

Postby MrMiyagi » Tue Nov 22, 2011 3:57 pm

Bye Bye Spy
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Re: 11/22/2011 Intraday Watering

Postby SB73 » Tue Nov 22, 2011 4:08 pm

Lots of positive divergences setting up. Expecting doji close with gap higher, but holding core shorts only because index is very weak.
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Re: 11/22/2011 Intraday Watering

Postby BullBear52x » Tue Nov 22, 2011 4:09 pm

so much of a turkey, I am out the here.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 11/22/2011 Intraday Watering

Postby Me XMan » Tue Nov 22, 2011 4:11 pm

Now it's time to go long :D

BullBear52x wrote:so much of a turkey, I am out the here.
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Re: 11/22/2011 Intraday Watering

Postby jessyjamz » Tue Nov 22, 2011 4:12 pm

ya, whipsaw, no real direction
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