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11/29/2011 Intraday Watering

Re: 11/29/2011 Intraday Watering

Postby Shanky » Tue Nov 29, 2011 4:24 pm

Well done buddy - I never got a reply from that thing I was looking into for you. Keep up the great work.
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Re: 11/29/2011 Intraday Watering

Postby Mongoose » Tue Nov 29, 2011 4:26 pm

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

http://www.cnbc.com/id/45477287
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Re: 11/29/2011 Intraday Watering

Postby Dow Trader » Tue Nov 29, 2011 4:28 pm

Euro 8-)
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Re: 11/29/2011 Intraday Watering

Postby jimme » Tue Nov 29, 2011 4:29 pm

Just found my skis and just bought a SDS ticket to ski.
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Re: 11/29/2011 Intraday Watering

Postby tdo722 » Tue Nov 29, 2011 4:30 pm

gotta wait til the end of the day to add shorts but sure look tempting right now. :)
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Re: 11/29/2011 Intraday Watering

Postby tdo722 » Tue Nov 29, 2011 4:32 pm

wow nasdaq sucks and I think it leads this bear market. :)
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Re: 11/29/2011 Intraday Watering

Postby Cobra » Tue Nov 29, 2011 4:33 pm

OK, got to go. Nothing new to say, bulls must have a strong breakout, not necessarily today, but it's a must.
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Re: 11/29/2011 Intraday Watering

Postby TWT » Tue Nov 29, 2011 4:34 pm

EUR : Busted the Inv. H&S project

Maybe a Triangle if 1.3292 holds ......
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Re: 11/29/2011 Intraday Watering

Postby Dow Trader » Tue Nov 29, 2011 4:38 pm

Just for fun, see the calculation in the chart 8-)
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Re: 11/29/2011 Intraday Watering

Postby alvian33 » Tue Nov 29, 2011 4:38 pm

this market is nuts, it's shacking out everyone... too hard to trade
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Re: 11/29/2011 Intraday Watering

Postby tdo722 » Tue Nov 29, 2011 4:39 pm

wave 2 took 4 days. I was expecting wave 4 to take a little longer but I guess not. :)
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Re: 11/29/2011 Intraday Watering

Postby jarbo456 » Tue Nov 29, 2011 4:40 pm

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...
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Re: 11/29/2011 Intraday Watering

Postby KENA » Tue Nov 29, 2011 4:42 pm

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.
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Re: 11/29/2011 Intraday Watering

Postby jimme » Tue Nov 29, 2011 4:43 pm

They are out of lipstick...
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Re: 11/29/2011 Intraday Watering

Postby Me XMan » Tue Nov 29, 2011 4:45 pm

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...

KENA wrote: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.
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Re: 11/29/2011 Intraday Watering

Postby 99er » Tue Nov 29, 2011 4:48 pm

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?
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Re: 11/29/2011 Intraday Watering

Postby MrMiyagi » Tue Nov 29, 2011 4:49 pm

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.
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Re: 11/29/2011 Intraday Watering

Postby jarbo456 » Tue Nov 29, 2011 4:49 pm

looks pretty good for a break up....target around 79...no?
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Re: 11/29/2011 Intraday Watering

Postby KENA » Tue Nov 29, 2011 4:51 pm

Me XMan wrote: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...

KENA wrote: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.
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Re: 11/29/2011 Intraday Watering

Postby newbie_77 » Tue Nov 29, 2011 4:52 pm

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