11/17/2011 Intraday Watering

[uempel]

Update, next change of direction at the green vertical.

The attachment h.png is no longer available

uempel, do you see anything around Nov. 24 using Gann? I'm curious bc a trader I know swears that there will be a significant reversal then. I'm not too handy with Gann so I'm curious.

Thanks

CD

I posted this on Cobra's blog in early morning. It ain't Gann, it's what I call a Fuzzy, shows some strong move next week, d'ont know the direction yet. (I've been focussing on these charts lately and right now I don't have the time to check out Gannish grids - perhaps later (I'd post it to you directly).

[tdo722]

hi Cobra,

Is today's reversal going to be stronger? Because today is the first day that the euro won't go down anymore? also, dollar is looking like taking a nose dive on all time frame.

[soku]

Mkt trend is still up..Bulls and bears both weak with bulls just a little stronger..I will lean on the bullish trend for now so lets see.

nov options expire tomorrow. people (both sides) will try to manage their risk.

[99er]

Okay honey...
SPX http://99ercharts.blogspot.com/2011/11/spx_3721.html

Anytime you're ready...

[BullBear52x]

Helloooooo? am I talkin’ to myself on this shite board?
Has Al ever provided u with a useful link, a chart update, an inspiring quote, a decent song?
Could a smarter TA person please reciprocate by posting the name of the TA genius who says that after the third or fourth time you “fan out” the uptrend line, a big drop is imminent....I’m not asking for your firstborn here folks, just a name… pretty please?

“Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them.” [His Holiness, The Dalai Lama]

PS: I AM SICK OF LOBSTER. Here’s yr THREE DAY internals
http://stockcharts.com/h-sc/ui?s=$NYDEC ... listNum=15

Anyone see Dr. Al posting anything today? I think he mistakenly put himself in everyone foes' folder. if you see his post tell him I missed him, and please straighten up his foes folder.

[cougar]

If one assumes that THEY observe "extensions proportionality", the next SPY targets could be 124.33 & 124.71

[Travelfrog]

Isn't Nov 22 a Bradley Turn Date?

[Cobra]

hi Cobra,

Is today's reversal going to be stronger? Because today is the first day that the euro won't go down anymore? also, dollar is looking like taking a nose dive on all time frame.

I don't think we'll have a reversal today.

[dcurban1]

Who knows anything about the Spanish bond auction?

To be honest, I think the European bond market problems are partly caused by the Greek bailout.

Only the market participants are taking a haircut, the sovereign and pension fund holders will remain whole.

Now ask yourself, why should I invest in PIIGS debt if those are the bailout terms. The market is re rating European debt based on Greek default risk across the board.

[soku]

interestingly, my bot draw another line at 1233 and we are in the break out and retest mode. if retest failed, we will drop to 1228.5 to restart

[agnosia]

long attempt 2 on /cl.. long 101.08, stop .10cents. confidence on this one is 50 / 50

also long /es 1232, stop 1 point.

[newbie_77]

hi cobra,
in light of all gods .. bear flag means we go long on dips right?

volume surge and EMA20, let's see if any pullback here. so far still looks like a Bear Flag.

[barbaragull]

Where is Buffet, the Qs are so weak

[dcurban1]

Isn't Nov 22 a Bradley Turn Date?

Yes.

Bradley's chart has a bump up then a downleg.

I am out for the day. Need to study and write.

[Cobra]

hi cobra,
in light of all gods .. bear flag means we go long on dips right?

volume surge and EMA20, let's see if any pullback here. so far still looks like a Bear Flag.

ha ha, funny, real funny.

[Richarab]

Where is trader VIX? I close out TVIX I enter yesterday at 57.5 for 10% gain.

buy at fifty sell at sixty.. that's the fight song i like to sing while watching college football here at Trader Vix

[jarbo456]

hi cobra,
in light of all gods .. bear flag means we go long on dips right?

volume surge and EMA20, let's see if any pullback here. so far still looks like a Bear Flag.

that's right! bear flag means a nasty break to the upside!

[Al_Dente]

Anyone see Dr. Al posting anything today? I think he mistakenly put himself in everyone foes' folder. if you see his post tell him I missed him, and please straighten up his foes folder.

Gad-forbid u post a music link, buddy… if/when u do, just make sure the singer is fully clothed please
However, as with all “rules”, there are exceptions
http://www.youtube.com/watch?v=ae58cUQ1 ... re=related

[cougar]

If one assumes that THEY observe "extensions proportionality", the next SPY targets could be 124.33 & 124.71

Although SPY was rejected at the 66% extension, I maintain (by analogy with yesterday’s UP move) a main target at the 78% extension = 124.33 (magenta).

[99er]

You don't want to jump?

http://www.youtube.com/watch?v=otDOe2rL ... re=related

Downhill will do.