12/14/2011 Intraday Watering

[uempel]

A different SPX view:

[Al_Dente]

gold is pretty ridiculous. the sell-off may not be as large in absolute dollar terms as the previous major drop, but it's seriously threatening a break below its 200MA. and it doesn't look like a capitulation crash to it either. there's much more purpose in the sell-off. i follow that gold bug gary dood...he just went in 30% on GDX with the tag of the 200MA, i'm not fully convinced though.

thanks jar
who is "gary"
would u have a linkie handy?

[cougar]

The GLD breakdown will be confirmed of it closes the week under MAE(34)

Cougar thanks for gold, she’s acting like the “Madwoman of Chaillot” perhaps following the inverted dollar down (while TIPS are still holding bull).
She just broke 200ma support on the dailies, next support 154.19 (9/26)…..mmmmm.
PS: did u notice my purple crayon trendline on the weekly coincides with a fib fan line at something-or-other-percentage?
I wonder if I’m drawing the fib fan properly? I don’t think so.
I have little bitty GLD in long term acct that I may have to sell soon, and that will really pist me off.
http://stockcharts.com/h-sc/ui?s=GLD&p= ... =250841168

PS: your target silver week(s) ago WAS SPOT ON dude, thanks
yo coug, cheerleaders, oy! http://www.youtube.com/watch?v=GKg8G9sM ... re=related

Monday before close, Tom McClellan, interviewed on Bloomberg, explained the gold lease rates paradox and the “point of recognition” threshold. It is probably still available in the archive of B. Those interested in the real stuff might read it to understand what is happening…
No “conspiracy theory”! Just pure arbitrage in specific trading conditions…amplified by greed!

[Petsamo]

What do we have here. The calm before another storm? or is the selling drying up?

[Buckethead]

We saw this same thing during week of Thanksgiving too.
The herd loaded up long for a Santa Rally. We will have a rally once the herd dumps.
Maybe Thurs/Fri.
I would not look for a buy today. Today is first day VIX up, means the sheeple finally getting scared it is DAY 1.

I agree with you but by the time you and me load up long, we're already gapped up 60 points to 1268. They sure don't make it easy for people to join the St. Nick ride.

Yes u must take the trade before the move obviously and it will cause short term pain. Today is still too early though.

[Buckethead]

Today everyone is a dollar trader whether they know it or not

[BullBear52x]

The GLD breakdown will be confirmed of it closes the week under MAE(34)

Cougar thanks for gold, she’s acting like the “Madwoman of Chaillot” perhaps following the inverted dollar down (while TIPS are still holding bull).
She just broke 200ma support on the dailies, next support 154.19 (9/26)…..mmmmm.
PS: did u notice my purple crayon trendline on the weekly coincides with a fib fan line at something-or-other-percentage?
I wonder if I’m drawing the fib fan properly? I don’t think so.
I have little bitty GLD in long term acct that I may have to sell soon, and that will really pist me off.
http://stockcharts.com/h-sc/ui?s=GLD&p= ... =250841168

PS: your target silver week(s) ago WAS SPOT ON dude, thanks
yo coug, cheerleaders, oy! http://www.youtube.com/watch?v=GKg8G9sM ... re=related

Monday before close, Tom McClellan, interviewed on Bloomberg, explained the gold lease rates paradox and the “point of recognition” threshold. It is probably still available in the archive of B. Those interested in the real stuff might read it to understand what is happening…
No “conspiracy theory”! Just pure arbitrage in specific trading conditions…amplified by greed!

better than Abby lady?

[proteus46]

It would be cool if the board had an optional "Tweet + Submit" button, so both could be done at the same time.

Tough to stay near the PC at all times during the day.

imo, out of AMZN, AAPL and GOOG, I like AMZN as the play once we hit bottom.

[jarbo456]

gold is pretty ridiculous. the sell-off may not be as large in absolute dollar terms as the previous major drop, but it's seriously threatening a break below its 200MA. and it doesn't look like a capitulation crash to it either. there's much more purpose in the sell-off. i follow that gold bug gary dood...he just went in 30% on GDX with the tag of the 200MA, i'm not fully convinced though.

thanks jar
who is "gary"
would u have a linkie handy?

i'll pm it to you uncle al.

[Me XMan]

Sitting here waiting for SPX 1200-1210 to cover my shorts and go long

[Al_Dente]

A different SPX view:

PX.png

Uempel: erase your type “check these two points” for a minute, and tell what you see in relation to gap filling of 30 nov

[minthan]

We saw this same thing during week of Thanksgiving too.
The herd loaded up long for a Santa Rally. We will have a rally once the herd dumps.
Maybe Thurs/Fri.
I would not look for a buy today. Today is first day VIX up, means the sheeple finally getting scared it is DAY 1.

I agree with you but by the time you and me load up long, we're already gapped up 60 points to 1268. They sure don't make it easy for people to join the St. Nick ride.

Yes u must take the trade before the move obviously and it will cause short term pain. Today is still too early though.

I totally agree with you again about the short term pain therefore I am willing to go 100% long when we get 61.8% or spx 1200.

[jarbo456]

It would be cool if the board had an optional "Tweet + Submit" button, so both could be done at the same time.

Tough to stay near the PC at all times during the day.

imo, out of AMZN, AAPL and GOOG, I like AMZN as the play once we hit bottom.

you got a bottom for amzn? i thought 178 then 175'ish...now i'm looking at 160...which is just scary.

[BullBear52x]

Normally it never go through my yellow line without a fight

[cougar]

The GLD breakdown will be confirmed of it closes the week under MAE(34)

Cougar thanks for gold, she’s acting like the “Madwoman of Chaillot” perhaps following the inverted dollar down (while TIPS are still holding bull).
She just broke 200ma support on the dailies, next support 154.19 (9/26)…..mmmmm.
PS: did u notice my purple crayon trendline on the weekly coincides with a fib fan line at something-or-other-percentage?
I wonder if I’m drawing the fib fan properly? I don’t think so.
I have little bitty GLD in long term acct that I may have to sell soon, and that will really pist me off.
http://stockcharts.com/h-sc/ui?s=GLD&p= ... =250841168

PS: your target silver week(s) ago WAS SPOT ON dude, thanks
yo coug, cheerleaders, oy! http://www.youtube.com/watch?v=GKg8G9sM ... re=related

Monday before close, Tom McClellan, interviewed on Bloomberg, explained the gold lease rates paradox and the “point of recognition” threshold. It is probably still available in the archive of B. Those interested in the real stuff might read it to understand what is happening…
No “conspiracy theory”! Just pure arbitrage in specific trading conditions…amplified by greed!

better than Abby lady?

LOL! yes...I forgot about her...

[99er]

Me XMan

1200?

Think we'll blow past it after the gap fill.

[grachu]

cobra for a quick learning lesson here. do you see the Apple intra day chart as consolidation before another move down , on the one minute looks like an ascending triangle getting rip to breakdown thanks !!!

[hiram]

good morning everyone,

just wanted to once again thank everyone for the hard work here on a daily basis this site has acted as a light in the dark for me over the last 4 yrs. i am a practicing financial planner with 10yrs experience and approx 2700 clients. being 34 in a business with an average age of 57 has made the process of learning a lonley journey, so i cant begin to explain how much i value the sense of community that i gain from this site on a daily basis. i found the time to register over the weekend and the 120 spent seems to good to be true for acces to cobra's skill set, not to mention that many of the daily contributors could run sucsessfull pay sites without question. may all members profits always be bigger than our losses.

thanks

[newbie_77]

loading the truck with green $$$ .. lucky you....
which brokerage firm do you use?

Sitting here waiting for SPX 1200-1210 to cover my shorts and go long

[Me XMan]

Using IB for DT$ and E*Turd for 401K.

loading the truck with green $$$ .. lucky you....
which brokerage firm do you use?

Sitting here waiting for SPX 1200-1210 to cover my shorts and go long