12/14/2011 Intraday Watering

[Me XMan]

I do see Santa is coming so market can overshoot but they gonna rally hard next week.

Me XMan

1200?

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

[uempel]

NSABM - never short a boring market

[Al_Dente]

Normally it never go through my yellow line without a fight

Yo von Grinchie: any wus bears covering yet ???
What about your softie RSI pos diverg, when does that shite kick in zzzzzzzzzzz

[BullBear52x]

Normally it never go through my yellow line without a fight

Yo von Grinchie: any wus bears covering yet ???
What about your softie RSI pos diverg, when does that shite kick in zzzzzzzzzzz

not yet. I expect to see some buying here, not seeing anything obvious just yet.

[Al_Dente]

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” ...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!

Thanks cougar
Anyone on board who can find the link to that Bloomberg Mcclellan interview and/or can translate “gold lease rates paradox and the point of recognition threshold” into English, gets a plate of spaghetti on the house.

[Mr. BachNut]

Market can overshoot and go $119 you know...

Intermediate Long. Took hedges off too soon. Ugh.
Market has moved toward max pain (SPY 121 I believe).
I should have known better.
If today's close is ugly, I may get a sell on mechanical model.
I have got a stop to throw hedges back on if necessary but would like to be patient through Opex.

Yep. 121 +/- 2 should be the probable zone.

[EvilTrader]

I do see Santa is coming so market can overshoot but they gonna rally hard next week.

Me XMan

1200?

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

SANTA CLAUS ?

LONG TIME NO SEE MY FREUND.

[99er]

Me XMan

I'm not expecting Santa this year.

DWCF http://99ercharts.blogspot.com/2011/12/dwcf_14.html

[lqiantobe]

Corba~ do you expect lower lower ahead (intraday)?

[BullBear52x]

Looking at IWM and EEM here, still more to go?

[jarbo456]

there's the descending triangle break.

[Al_Dente]

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

Hiram what a nice post !
I agree with you
It’s cold and raining outside here today, but always warm on this board
Good luck to you
http://www.youtube.com/watch?v=8uf1n1wU ... re=related

[Petsamo]

Looking at IWM and EEM here, still more to go?

XME, XOP, KOL are more beat up. They'll outperform going up (down).

[dcurban1]

For those interested in how the Gold market is manipulated check the price action from 10:30 to 11:30 today.

[minthan]

Dollar is not supporting further drop so we got a fundamental divergence. Now we need a technical divergence from either RSI or MACD.

[jarbo456]

http://www.optionmonster.com/drj_blog/a ... 7s+Blog%29

[Tabby]

Me XMan

I'm not expecting Santa this year.

DWCF http://99ercharts.blogspot.com/2011/12/dwcf_14.html

I believe in Goldman Santa. They predicted spx close at 1250 for year 1211.

[Cobra]

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 !!!

I think AAPL is not good looking. The trend is down.

[chocobee]

Anyone else picking up gold/silver around here?

[pady]

Anyone think UNG is a buy ? It has been a vertical non-stop drop for a couple of years now.