11/29/2011 Intraday Watering

[noob]

in any cases, you don't want to see a failed 2nd attempt because that's usually you Earth people give up, so this bar doesn't look good, we need watch carefully now.

Well, still goes by your evil plan, up in the morning, down in the afternoon, doesn't look good for the rest of the week. Right right?

[tdo722]

don't rollover now. complete the god damn pattern please.........

It just does not feel like it wants to does it?

Well, don't see a doji anywhere on that 5minute chart so rules are rules, I can't jump in.

[dcurban1]

Reading Material
http://atruecontrarian.blogspot.com/201 ... er-29.html

[MrMiyagi]

Cramer's Bearish, a rarity as he's a perma bull pimp.
You can take this two ways;
1) He's always wrong so this is a bullish signal if I ever saw one, besides he's in shenanigans with the BigBoys.
Or
2) His little follower monkeys will start dumping their stock and push momentum down.

[Petsamo]

I didn't think this bad tick was significant.



Apparently, so far, it is.

[99er]

Jeez honey...what's this about Hank Paulson?

Treasury Secretary Henry Paulson Tipped Off Prominent Hedge Funds Regarding Fannie Mae While Telling the US Senate and General Public a Different Story

http://globaleconomicanalysis.blogspot. ... ipped.html

Or this: http://www.zerohedge.com/news/hank-paul ... ks-advance

Just Occupy? http://99ercharts.blogspot.com/2011/11/just-occupy.html

[Cobra]

in any cases, you don't want to see a failed 2nd attempt because that's usually you Earth people give up, so this bar doesn't look good, we need watch carefully now.

Well, still goes by your evil plan, up in the morning, down in the afternoon, doesn't look good for the rest of the week. Right right?

hard to say. let's wait.

[MrMiyagi]

Nasdaq red thanks to AAPL

[99er]

Better yet...

http://99ercharts.blogspot.com/2011/11/call-cops.html

Call the cop.

[Petsamo]

Nasdaq red thanks to AAPL

Nah, it's all AMR's fault

[tdo722]

great USO is going according to plan. New High please, new high baby!

[Cobra]

Triangle, so the bias is still up.

[jarbo456]

patterns like these are too subjective. whoever was asking about a double top on /HG on the hourly...it could be interpreted as an ascending triangle as well.

what looks like a two push up attempt at 120.80 on SPY could be seen as a triangle continuation pattern as well. so i guess it's wait and see at this point.

[Apple]

Jeez honey...what's this about Hank Paulson?

Treasury Secretary Henry Paulson Tipped Off Prominent Hedge Funds Regarding Fannie Mae While Telling the US Senate and General Public a Different Story

http://globaleconomicanalysis.blogspot. ... ipped.html


Just Occupy? http://99ercharts.blogspot.com/2011/11/just-occupy.html

...business as usual. Hey, where's Jon
http://www.nypost.com/p/news/opinion/op ... z1ckMPFXJ3

[Denali92]

Cobra,

Also, one follow up question, please: Is it too early in the week to consider Friday's employment report and what it might mean in terms of a "pivot day"?

Thanks again!

Re turns before employment - I posted this on the main site this morning

First - Thanksgiving has now produced a low 5 out of the last 5 years (Friday lows in 2009 and 2011) and Monday (2007, 2008 and 2009).

Most of those lows proved to be THE low in to at least the Fed meeting or opex in December - ie. the time to sell the longs accumulated around the Thanksgiving holiday was not until some time in December!

Having said that, I do think there are a number of similarities to both May and August and both of those had sharp rallies that had the bears GNASHING their teeth.... and both of those ended at month end....

Lastly, prior to employment, we have been making changes in trend on the Tues before (Nov, Oct, June and April) and the Wednesday before (Sep, and March), so I definitely agree that there is a strong basis for the rally to end today or tomorrow and then we just will have to see what Friday brings...

THANKS!

-D

[Me XMan]

Oh yeah...break that $121

Triangle, so the bias is still up.

[uempel]

Grid makes SPX's behavior nearly foreseeable... Crossings are tricky, so are traps. I'm waiting for something to happen, but perhaps it will be tomorrow.

[MrMiyagi]

SPY has to break and maintain 120.72$ or no go amigo.

[tdo722]

come on give me the doji on /cl or uso or sco now please...

[SB73]

Cobra,

Also, one follow up question, please: Is it too early in the week to consider Friday's employment report and what it might mean in terms of a "pivot day"?

Thanks again!

Re turns before employment - I posted this on the main site this morning

First - Thanksgiving has now produced a low 5 out of the last 5 years (Friday lows in 2009 and 2011) and Monday (2007, 2008 and 2009).

Most of those lows proved to be THE low in to at least the Fed meeting or opex in December - ie. the time to sell the longs accumulated around the Thanksgiving holiday was not until some time in December!

Having said that, I do think there are a number of similarities to both May and August and both of those had sharp rallies that had the bears GNASHING their teeth.... and both of those ended at month end....

Lastly, prior to employment, we have been making changes in trend on the Tues before (Nov, Oct, June and April) and the Wednesday before (Sep, and March), so I definitely agree that there is a strong basis for the rally to end today or tomorrow and then we just will have to see what Friday brings...

THANKS!

-D

good notes thanks