12/23/2011 Intraday Watering

[L_T]

Wow boring market.

5 minute chart from about 11:40 to now. It's gone nowhere.

[knock]

es descending triangle, anyone?

[67Chevy]

I wouldn't load up on UGA right now. Wait to either break above obvious trend line and 200 day MA or move lower to support below.

That's one way to look at it...here's a shorter term view.

Nice one! Time frame definitely makes a difference. I didn't bother to pull up a longer or shorter term chart than the daily. The logic you gave made me think of a holding period of weeks to months.....maybe a weekly chart would work better?

Just thought I'd take a shot at the breakout, it depends on how it acts when it starts to hit resistance. With a win/loss ratio of roughly 50%, definitely don't follow my trades, the proverbial monkey with a dart board can probably pick trades better than me! Only way I survive is with good stops and risk management...

Happy Holidays!

[fehro]

feels likes there'll be one more pop up... but if not 1255 pullback? mid channel... there's two tiny gaps
on this SPX holiday volume day the lower at 1258ish... that would seem reasonable to be filled today..

[Me XMan]

Very light market today and bulls can push market up very easily.
I see couple down days next week and then another jam job.

Wow boring market.

5 minute chart from about 11:40 to now. It's gone nowhere.

[waverider]

es descending triangle, anyone?

Nope, just a trading range

[Cobra]

Hi, Cobra and everyone,

Merry Xmas and Happy New year .

Thanks you too, Merry Christmas and Happy New Year!

[heavenskrow]

Wow boring market.

5 minute chart from about 11:40 to now. It's gone nowhere.

yeah lol i thought it was going to be an interesting one...

http://www.youtube.com/watch?v=CadVbw0LHNU

[TWT]

HAPPY HOLIDAYS EVERYONE

[Al_Dente]

5 min intraday
Note the faded red “water” mark
Note nyadv is still ~ 1900
Note the VIX is doing her bolinger “compression” dance

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

[L_T]

Everyone has left for the day to sip the nog.

[silkway]

Everyone have a great Christmas / holiday! Best wishes for you Family & Friends!
Special thankfulness for our King Cobra!

[waverider]

Wow boring market.

5 minute chart from about 11:40 to now. It's gone nowhere.

yeah lol i thought it was going to be an interesting one...

http://www.youtube.com/watch?v=CadVbw0LHNU

LOL!

[BullBear52x]

es descending triangle, anyone?

new Neg D here on ES

[gabor]

Is Dec 26 a trading day?

Merry Xmas for everybody!

[Me XMan]

You can check Traders Calendar on the home page.
Monday is off.

Is Dec 26 a trading day?

Merry Xmas for everybody!

[mozart]

Is Dec 26 a trading day?

Merry Xmas for everybody!

Canadian exchanges are closed on Monday, December 26, Tuesday, December 27 and Monday, January 2.

[Cobra]

AUDJPY dropped, not a good sign.

[L_T]

Alright I just walked the cubicles and I'm the only schmuck left at work. I'm out!!!

Merry Christmas everyone. Have an egg nog (or two) this weekend.

[Al_Dente]

1 min intraday
Note first time all day 4 million share volume in TWO minutes flat
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=e-VrfadKbco