11/30/2011 Intraday Watering

[SB73]

nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.

kinda funny to think about the last sell off. We reversed the opening gap down like 3 times before it finally stuck. In this case, we simply reversed the car that was accelerating down hill. We didn't even need to use the brakes.

[Cobra]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

dd.png

Come on Uempel, we have plenty of food for thought here. Don't you think you need no other food

[BullBear52x]

Swing BB base analysis, Blue is mid BB, red and green is +/- 1 std

[Cobra]

master cobra,
you sound emotional. you are expecting ....

so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again

nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.

I did mean I expect something different today, either up huge before the close, or down huge. Let's wait and see.

[EFA]

nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.

How likely is it that SPY ramps up at the end of the day to touch $125 and then drops, take one day breather and then "who knows" what?
Looks like the rest of the world is a lot more bearish than we are....
Thanks Cobra

[Cobra]

so far I read it as Bull Flag.

[Dow Trader]

5-min update

[Al_Dente]

intraday
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[little piggy]

Cobra,

I registered today, actually I was looking for pay you one time a year. Anyway, anything we could pay you back for your excellent work!

[uempel]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

dd.png

Come on Uempel, we have plenty of food for thought here. Don't you think you need no other food

No, I'm really hungry. And read that article in the FT today, A wise man knows one thing- the limits of his knowledge. You'll find it online, it's about Keynes. Very good. Bye, and I'll also drink a beer for you

[Xian]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

The attachment dd.png is no longer available

[EFA]

so far I read it as Bull Flag.

Thanks, Cobra!

[alvian33]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

dd.png

hahahah

[BlackThought]

so far I read it as Bull Flag.

that's a really long flag

[BlackThought]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

dd.png

LMAO

[ultramarine]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

dd.png

Hey that Kandinsky has a rising wedge on the right hand side, doesn't it? Definitely looks bearish!

[Xian]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

dd.png

Hey that Kandinsky has a rising wedge on the right hand side, doesn't it? Definitely looks bearish!

ha!

[rpccharts]

Fed Made Decision To Bail Out Europe On Monday
Submitted by ZEROHEDGE Tyler Durden on 11/30/2011 11:17 -0500

It appears that the Fed decision to bail out Europe was not made this morning, or yesterday, but on Monday as per the following two headlines:

LACKER DISSENTED AGAINST FOMC SWAP DECISION ON NOV. 28
LACKER VOTED INSTEAD OF PLOSSER, WHO WAS UNAVAILABLE
It also means that the decision was leaked on Monday, and explains the relentless surge in stocks since then despite progressively worse news out of Europe. Q.E.D. - a plan so good Hank Paulson could have leaked it to his hedge fund buddies.

[BullBear52x]

Double Tops: Risk/Reward zone, the logic behind it is the trap bulls from last peak is dying to get even and stay safe this time around after losing confidence from last move. after long night pray " god please if I got my money back this time I will never touch it again" mentality

Cool, thanks
SLV has that big old gap of 11/16 that it couldn’t fill today… on third try….
It’s now in the “Bermuda Triangle” zone

I can understand the need of silver and copper, gold? I never understand the logic in trading it. me no metal guy.

[CognitiveDissonance]

Fed Made Decision To Bail Out Europe On Monday
Submitted by ZEROHEDGE Tyler Durden on 11/30/2011 11:17 -0500

It appears that the Fed decision to bail out Europe was not made this morning, or yesterday, but on Monday as per the following two headlines:

LACKER DISSENTED AGAINST FOMC SWAP DECISION ON NOV. 28
LACKER VOTED INSTEAD OF PLOSSER, WHO WAS UNAVAILABLE
It also means that the decision was leaked on Monday, and explains the relentless surge in stocks since then despite progressively worse news out of Europe. Q.E.D. - a plan so good Hank Paulson could have leaked it to his hedge fund buddies.

That explains the large buying of financials and the covering of financial shorts yesterday. To bad we weren't in the loop