11/29/2011 Intraday Watering

[MrMiyagi]

SPY possible 120.65$ in the next 10 minutes... mebbeh

[Cobra]

Update:

mm.png

you short?

[uempel]

Can't go much more higher with NAZ and financials down.

Breaking to the upside?

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Right, there was a mini-mini bull trap...

[cougar]

For those that follow VIX, using TD, I have a pbar that shows up in the 5, 30 and 60 minute chart for VIX. After refreshing, its not going away.. Looks like a target of around $29.50 (from yesterday). Not sure why I didn't notice it until today.

Cougar, Richarab, what are your thoughts on drink specials?

Dr. Al, for you:
http://www.youtube.com/watch?v=sseRlBDDVaU
http://www.youtube.com/watch?v=f_JLkIOnq04

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Well...the indices are still “melting up” while VIX is dropping slowly..
Here is TVIX on slow Renko. I am watching it, for a potential breakout from the descending Regression Channel:
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That was not a "pbar" on VIX yesterday...It lasted for ~1mnute and I saw trades connected to it...Just fear!

[Cobra]

key time for bulls, breakdown here would be Double Top. Bulls must defend here.

[HappyFriday]

Market is up, but everything on my screem is red ?? What is going on ??
I guess my computer is broken

[luckystar2006]

Expecting a big pull back during this afternoon or latest by tomorrow morning...

[MrMiyagi]

SPY not going to hold I fear.

[uempel]

Let's see what happens in 12 minutes...

[fehro]

trendline retest?

[uempel]

Update:

mm.png

you short?

No... I don't know where the market is heading. To me it looks like some kind of squeezing operation, as if the big boys don't want the market to go down, don't want the bears to respire. Might be mistaken. No positions now except my old aapl short.

[michelangelo]

Are high beta stocks thought to be leaders?

[Cobra]

breakdown. target. I'm not sure about the target.

[MrMiyagi]

A little early but I'm going to call the close at 120.54$

[jarbo456]

/CL is staying strong. could give bulls some hope.

[StrikePrice]

breakdown. target. I'm not sure about the target.

The triangle could have broken into a Bull Flag. If we can't trade back above 120.41 I'll believe the breakdown more.

[uempel]

SPX is showing textbook behavior here, quite interesting. I'm off for some food, bye guys.

[jarbo456]

by my calculations we have 1-2 more hours before /cl tops. that's plenty of time for it to test the 100.74 high. then it's all up in the air for the broader market.

[newbie_77]

looks like the same move as yesterday...

[Cobra]

we might have already seen 3 push up pattern. not sure.