10/31/2011 Intraday Watering

[soku]

Sell SPX. Divergence between SPX and EUR/USD.
SPX will come down and close the gap.

bears ... no good... 4th attempt to break 126.70.. and still no luck.. looks like real bears are hibernating.. this looks like a fake bear

i am also thinking of the divergence. the thing bothers me is which one is leading. in a convergent correction, which direction we are moving toward?
can i hear your reasoning? tkx

[wayne0708]

key point here, bears must push hard otherwise it'd be Double Bottom. My bias today is on the bearish side though.

how about continuation of rectangle?

[tdo722]

consilidation here is bullish or bear please?

i'd say it is market indecision. could be a range day?

you think...

j/k... lol

[cougar]

Question of the day: Is Jon Corzine an unusual turkey, or just the first discovered cockroach?

[pady]

key point here, bears must push hard otherwise it'd be Double Bottom. My bias today is on the bearish side though.

Cobra - wave 4 - maybe abc - another wave up before the drop to complete Wave 5 ?

[chickencoop]

consilidation here is bullish or bear please?

i'd say it is market indecision. could be a range day?

you think...

j/k... lol

I gotcha!

[Al_Dente]

Question of the day: Is Jon Corzine an unusual turkey, or just the first discovered cockroach?

COUGAR: Off topic: Here’s my best (and last) “take” on that JJC wench
Recall watching solo gold miners and the GDX basket lag/meander around, while $GOLD continued its relentless march to the top. Recall the folly of using/trading GDX as a “proxy” for the real metal $GOLD.
Long story short: GDX is to $GOLD what JJC is to $COPPER, just a miner’s basket, often marching to the beat of a divergent drum. Both GDX/JJC are useless as indicators of the real commodity.
Further, as JJC is too thin to trade, that means nobody else believes her lies either. And, she is “impure,” with other metals in her mix.
At least with gold we have metal based GLD/DGP to trade instead of the miners, and with silver we have metal based SLV. For copper, we have only $COPPER to watch, and FCX to trade …. U with me?
PS: All the metals, and most everything else (except QQQ), just crossed to sell on my fav 5 minute 50/200ma

[tdo722]

key point here, bears must push hard otherwise it'd be Double Bottom. My bias today is on the bearish side though.

Cobra - wave 4 - maybe abc - another wave up before the drop to complete Wave 5 ?

Cobra does not care about EWP much pady.

and I don't blame him. EWP changes its mind all the time, flat, then, zigzag, to straight, to narrow, to crooked, to bent. hahahah....

[noob]

key point here, bears must push hard otherwise it'd be Double Bottom. My bias today is on the bearish side though.

Based on feeling or indicators? Thanks!

[cougar]

key point here, bears must push hard otherwise it'd be Double Bottom. My bias today is on the bearish side though.

Excellent question…
Strong support here:

[Me XMan]

I trust EUR/USD more than SPX. They run closely together.

Sell SPX. Divergence between SPX and EUR/USD.
SPX will come down and close the gap.

bears ... no good... 4th attempt to break 126.70.. and still no luck.. looks like real bears are hibernating.. this looks like a fake bear

i am also thinking of the divergence. the thing bothers me is which one is leading. in a convergent correction, which direction we are moving toward?
can i hear your reasoning? tkx

[Grizzly]

Question of the day: Is Jon Corzine an unusual turkey, or just the first discovered cockroach?

He's a great example of how stupid you can be and still get rich.

[tdo722]

Question of the day: Is Jon Corzine an unusual turkey, or just the first discovered cockroach?

He's a great example of how stupid you can be and still get rich.

I want to be stupid and rich. It beats being stupid and poor like how I am right now.

[Al_Dente]

Internals
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

[chickencoop]

Question of the day: Is Jon Corzine an unusual turkey, or just the first discovered cockroach?

He's a great example of how stupid you can be and still get rich.

I want to be stupid and rich. It beats being stupid and poor like how I am right now.

being smart and poor is a worse combination

[wayne0708]

looks like market wants to trend down today

[Richarab]

Question of the day: Is Jon Corzine an unusual turkey, or just the first discovered cockroach?

He's a great example of how stupid you can be and still get rich.

I want to be stupid and rich. It beats being stupid and poor like how I am right now.

yes.

[ultramarine]

New LOD on Euro.

1.39 will be very important today.

[BullBear52x]

Intraday down channel.

[cougar]

Question of the day: Is Jon Corzine an unusual turkey, or just the first discovered cockroach?

He's a great example of how stupid you can be and still get rich.

...and still keep your driver’s license after you drove a lemon at 95 mi/hr without a seatbelt…