11/29/2011 Intraday Watering

[Shanky]

Well done buddy - I never got a reply from that thing I was looking into for you. Keep up the great work.

[Mongoose]

This is a very good interview with Mohamed El-Erian with Pimco

http://www.cnbc.com/id/45477287

[Dow Trader]

Euro

[jimme]

Just found my skis and just bought a SDS ticket to ski.

[tdo722]

gotta wait til the end of the day to add shorts but sure look tempting right now.

[tdo722]

wow nasdaq sucks and I think it leads this bear market.

[Cobra]

OK, got to go. Nothing new to say, bulls must have a strong breakout, not necessarily today, but it's a must.

[TWT]

EUR : Busted the Inv. H&S project

Maybe a Triangle if 1.3292 holds ......

[Dow Trader]

Just for fun, see the calculation in the chart

[alvian33]

this market is nuts, it's shacking out everyone... too hard to trade

[tdo722]

wave 2 took 4 days. I was expecting wave 4 to take a little longer but I guess not.

[jarbo456]

seems like everyone is calling this just a dead cat bounce, and being hyper vigilant ready to drop their longs at the first sign of weakness. xlf and nasdaq definitely bringing the weakness today. oil stayed strong, and VIX dropping off a fair amount. i'm watching /hg and aud/jpy, which are staying pretty strong.

will have to wait and see, but i think spy, spx, and /es will be manipulated just enough to keep everyone on their toes...

[KENA]

I would not go short right now..The push is up some more and if 1200 breaks to the up side and holds we could visit the 1230 area which is the top of the SPX channel and lots of res..It may a week to get there and we have to break thru the 1220 area first.IMHO.

[jimme]

They are out of lipstick...

[Me XMan]

I assume you're going long?
If there's a stick save at EOD then bears better watchout.
SPX could be over 1200 then.

Man there's a fierce battle today...

I would not go short right now..The push is up some more and if 1200 breaks to the up side and holds we could visit the 1230 area which is the top of the SPX channel and lots of res..It may a week to get there and we have to break thru the 1220 area first.IMHO.

[99er]

Honey...how about a late lunch?

SPX http://99ercharts.blogspot.com/2011/11/spx_8805.html

Okay. How about a MACD cross with red sauce into the close?

[MrMiyagi]

I am buying a few TZA here as a hedge; still have TNA long but hope to get out soon if the price is right.

[jarbo456]

looks pretty good for a break up....target around 79...no?

[KENA]

I assume you're going long?
If there's a stick save at EOD then bears better watchout.
SPX could be over 1200 then.

Man there's a fierce battle today...

I would not go short right now..The push is up some more and if 1200 breaks to the up side and holds we could visit the 1230 area which is the top of the SPX channel and lots of res..It may a week to get there and we have to break thru the 1220 area first.IMHO.

Yes I'm long.

[newbie_77]

yesterday was a ramp up.. .and looks like a ramp down today... yesterday's move must have suckered in few bulls ...