01/12/2012 Intraday Watering

[Cobra]

well, guess we don't need wait tomorrow, the breakout could happen today!

[alvian33]

cobra, do you still see a top of some kind here, I know we need to wait but what do you think?

Also, do you think gold is a buy, I hold some short gold, what is your view on it? thanks

[Al_Dente]

Did somebody say VIX?
It's been a looooong week waiting for the VIX do go down but I think it will.
PS - does anyone know how to make these jpg files smaller for upload?

COG: i like them just that big

[Petsamo]

Maybe we finish at the highs so we gap down.

[jarbo456]

bullish hammer on the SPX for the daily chart?

we haven't seen the 20MA on the daily in 15 trading days. in october it took the 16th day to drop down to it.

[CognitiveDissonance]

Did somebody say VIX?
It's been a looooong week waiting for the VIX do go down but I think it will.
PS - does anyone know how to make these jpg files smaller for upload?

COG: i like them just that big

Yeah me too. I almost posted 4 charts but didn't want to hog the screen space.

[lqiantobe]

Corba~ Have you seen the sign YGE is going to breakout $5 resistence?

looking good.

Corba's words are gold, any more comments?

[Cobra]

well, guess that's it for today. Bulls have marched to the bears gate, so be prepared for another gap up tomorrow to jump directly pass over the resistance. Thank you guys, I'll see you tomorrow.

[tdo722]

man look at those market thieves, they're cashing out and market drops a bit.

[ClarkW]

Would it depend on tomorrow's action? If we gap down tomorrow and close lower would we not have an Evening Star Doji Star?

http://thepatternsite.com/EveningDojiStar.html

bullish hammer on the SPX for the daily chart?

we haven't seen the 20MA on the daily in 15 trading days. in october it took the 16th day to drop down to it.

[SB73]

I am going to have to watch this one from the sideline....glta. It is a small one, but it still is a black candle and a hanging man doji to boot. I favor the bears but dont want to front run.

[Mr. BachNut]

Closed a portion of Pilot Short based on strong close. Stop wasn't hit but close enough. Tuesday highs were ticked above, which shouldn't have happened if this thing were rolling over.
Balance will be closed tomorrow if another strong day. May reposition if better evidence comes in.
The demise of Pilot Short will probably mark the top so pay attention...

[HappyFriday]

Tomorrow is Friday 13th, is it a monster happy Friday or not ?

[Cobra]

cobra, do you still see a top of some kind here, I know we need to wait but what do you think?

Also, do you think gold is a buy, I hold some short gold, what is your view on it? thanks

Still think top is around.

gold might have a short-term pullback first, then more up.

[jarbo456]

Tomorrow is Friday 13th, is it a monster happy Friday or not ?

i hate your happy fridays.

[BullBear52x]

PAGING Baron von PinkSheets
Only for you QQQ
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253605194

You have to admit the nas tickq has a much more revealing structure than that nyse tick (on the one min, it’s not on this chart).
Check that trinq !! (1.00 is still a valid benchmark on trinq).

http://www.youtube.com/watch?v=QR4vE9xL3yk

I would never give myself a pink slip, I will give myself a bonus tomorrow.

[Petsamo]

bullish hammer on the SPX for the daily chart?

we haven't seen the 20MA on the daily in 15 trading days. in october it took the 16th day to drop down to it.

Aren't bullish hammers suppose to appear at the bottom, like in UNG ?

[Tabby]

Tomorrow is Friday 13th, is it a monster happy Friday or not ?

i hate your happy fridays.

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: I got another sell signal 2min ago, should good for at least 5 spx points.

[TraderGirl]

Tomorrow is Friday 13th, is it a monster happy Friday or not ?

i hate your happy fridays.