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12/15/2011 Intraday Watering

bobo
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Re: 12/15/2011 Intraday Watering

Post by bobo »

It's not the only commodity being taken to the woodshed. To top it off, I believe OPEC announced a production hike yesterday. The oil services sector is underperforming today.
jarbo456 wrote:oil just looks so darn weak. -_- anyone have thoughts on it?
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99er
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Re: 12/15/2011 Intraday Watering

Post by 99er »

Ugh.

SPX http://99ercharts.blogspot.com/2011/12/spx_26.html


Edit: Hell..there's always tonight.

EURUSD-ES http://99ercharts.blogspot.com/2011/12/eu-es_15.html

Have a good one.
Last edited by 99er on Thu Dec 15, 2011 5:30 pm, edited 2 times in total.
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Petsamo
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Re: 12/15/2011 Intraday Watering

Post by Petsamo »

702 K last buy on SPY, not unusually large.
Twitter @jackwag0n
SB73
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Joined: Wed Sep 14, 2011 12:20 pm

Re: 12/15/2011 Intraday Watering

Post by SB73 »

taggard wrote:
ClarkW wrote:I'm a novice regarding trading but I thought black candles point to a likely directional change, which would point more to a move up. Not being confrontational, just trying to learn. Am I wrong on this?
SB73 wrote:From a candlestick perspecitive a black candle today says more downside tomorrow. I'll have to watch the close, but right now I am adding shorts on each pathetic push higher.
remember everything is context--so what time frame? what happened before the black candlestick? the end of a (long) trend generally more likely to mean something different could happen. it could also mean options exp is messing up action both ways.
To me it means we should at least see a lower low than today. My stop can now be blaced just above the body of the black candle stick. They can be all over the board, but based on today's anemic action my guess is tomorrow will be lower than today's low at some point once that occurs I can move my stop up and lock in profits.
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waverider
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Re: 12/15/2011 Intraday Watering

Post by waverider »

jarbo456 wrote:oil just looks so darn weak. -_- anyone have thoughts on it?
Looks like possible channel support overthrow and five waves down. Good for a scalp maybe
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"

-Jesse Livermore
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jarbo456
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Re: 12/15/2011 Intraday Watering

Post by jarbo456 »

waverider wrote:
jarbo456 wrote:oil just looks so darn weak. -_- anyone have thoughts on it?
Looks like possible channel support overthrow and five waves down. Good for a scalp maybe
i'm in long already, but wondering if i should lighten up. price action today was worrisome. was hoping 95 would hold.

RIMM earnings should be interesting. i'm mildly bullish as there's so much bearish sentiment over the name since it dropped like a rock to 15.
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waverider
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Re: 12/15/2011 Intraday Watering

Post by waverider »

Not looking great, fingers crossed for a bullish descending wedge
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"

-Jesse Livermore
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bushwaffle
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Re: 12/15/2011 Intraday Watering

Post by bushwaffle »

waverider wrote:Not looking great, fingers crossed for a bullish descending wedge
per your avatar...my best friend is an arctic wolf.
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chocobee
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Re: 12/15/2011 Intraday Watering

Post by chocobee »

Stopped out on both AGQ (small profit) and DGP (small loss) today. PM is sicker than I thought. :x Holding a small position of TZA I bought this morning over night.
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Cobra
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Re: 12/15/2011 Intraday Watering

Post by Cobra »

jaijailyc wrote:Cobra,

When you say bigger picture is not good for bulls? What is the time frame of the "bigger picture"? week, month, quarter?

Thank you
Just a few days. I cannot see weeks or months.

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billrider321
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Joined: Wed Apr 20, 2011 3:35 pm

Re: 12/15/2011 Intraday Watering

Post by billrider321 »

test
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