11/16/2011 Intraday Watering

[alvian33]

come on gap fill ! 1255,75

are you still in /cl? if not, are you trying to short again? thanks

[Cobra]

Cobra,
I wasn't aware of your server costs. Why don't we all pitch in towards the cost? Please think about it. Even $3-5 each would cover it.

thanks. I'm going to have a donation page soon.

[soku]

i feel es is drawing a 222. it will be ideal if we dip to 1244-1245 area then go up to take out 1252-1253

so far i read it as no dip, straight trying overhead and rejected. i think we need to go down to 1247 since it is still pretty strong cross board

[agnosia]

come on gap fill ! 1255,75

are you still in /cl? if not, are you trying to short again? thanks

nope i got out for a small profit. am in long 101.74

[alvian33]

come on gap fill ! 1255,75

are you still in /cl? if not, are you trying to short again? thanks

nope i got out for a small profit. am in long 101.74

Glad you made some money, let me know if you will go short, I might join you...

[Al_Dente]

Intraday
[kool-aid] Yes, it is another big squeeze turnaround BTFD, but if u look at it this way (THREE DAY), you may see a lobster, bull biased, where the trendlines are too steep to sustain without pullback(s) or more....??
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

“You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.” [Friedrich Nietzsche, Philosopher]

PS: my freestockcharts is “not responding” anyone else?

[Cobra]

it's the oil saved the day I guess. the question is how high the oil could go? It's already $100+ a barrel.

[DRL]

Intraday
[kool-aid] Yes, it is another big squeeze turnaround BTFD, but if u look at it this way (THREE DAY), you may see a lobster, bull biased, where the trendlines are too steep to sustain without pullback(s) or more....??
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

“You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.” [Friedrich Nietzsche, Philosopher]

PS: my freestockcharts is “not responding” anyone else?

freestockcharts working fine for me.......................

[pady]

it's the oil saved the day I guess. the question is how high the oil could go? It's already $100+ a barrel.

I am short oil from last week

[uempel]

Update:

[BullBear52x]

My money line 125.71, buy above sell below, I a seller today so I will wait for below.

[99er]

SPX
http://99ercharts.blogspot.com/2011/11/spx_5009.html

Looks like the channel is going to hold. Buckle up.

[Cobra]

consolidation or pullback then more up.

[agnosia]

Glad you made some money, let me know if you will go short, I might join you...

market is a bit bonkers. so shorting seems like a death wish at the moment. that said we are too extended. i will let u know if try though ..

[pidge66]

it's the oil saved the day I guess. the question is how high the oil could go? It's already $100+ a barrel.

It's mind boggling while the crude went up straight line, the gas at the pump has been quite steady.

http://stockcharts.com/h-sc/ui?c=$gaso,uu[w,a]daclyiay[dc][pc50!c100!c200!!c30!i!f!h][vc60][iut!ub14!la8,17,9!lb21!lp14,5,3!lg!ll14!lc20][j26945825,y]

[Cobra]

it's the oil saved the day I guess. the question is how high the oil could go? It's already $100+ a barrel.

I am short oil from last week

you should watch my daily portfolio update, so far got very lucky with no single loss. Guess the lucky day is over pretty soon.

[Buckethead]

Some thoughts. This feels like calm before the storm. Here is why:

1) as Cobra pointed out Money flow is negative 5 days and most likely again today
2) Large option traders are buying enormous quantities of index put options. My concern is why hedging so big here if it is true they want to chase beta into year end, they would not be index hedging
3) Volume is absolutely dead. It feels calm before storm
4) VIX remains >30 (very troublesome)

I believe ECB will not act aggressively unless push comes to shove and a large drop is the shove.
A false breakdown in the triangle to 1180-1200 will be enough to bring sentiment to extreme bearishness again and then possibly a year end multi week rally to end right about here at 1250

[mac769]

Waiting for a move just after midday:

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What are the three little men waiting in line there?

They wait for the next Bollinger Band lift towards 1260

Provided it arrives in time

[agnosia]

it's the oil saved the day I guess. the question is how high the oil could go? It's already $100+ a barrel.

It's mind boggling while the crude went up straight line, the gas at the pump has been quite steady.

http://stockcharts.com/h-sc/ui?c=$gaso,uu[w,a]daclyiay[dc][pc50!c100!c200!!c30!i!f!h][vc60][iut!ub14!la8,17,9!lb21!lp14,5,3!lg!ll14!lc20][j26945825,y]

that's because the product markets ( gas, heating oil ) are priced off of brent not wti

[jarbo456]

just jumped the pivot on the 5 minute chart. guess we're heading way higher today. amazing. this market can't even hold a 130 point down day.