11/18/2011 Intraday Watering

[KENA]

thanks for all the answers guys! i appreciate the responsiveness!

Hay thats a awful big word. Ha

[tdo722]

market does not want to go up. i guess the once the triangle is broken to the downside, 1160 is where we will be.

[qtipped]

122 was support and now acting as resistance? only time will tell...

[Cobra]

consolidation above the support is bad and the funny thing is ChiOsc is a little too high now.

What will happen with high Chiosc, normally? Thanks, Cobra master!

4 hours pullback. the chiosc now is not high enough though.

[qtipped]

122 was support and now acting as resistance? only time will tell...

of course, as soon as i say that big boys will take it above it...time to go long!

[MrMiyagi]

Markets are oversold and have been for a couple of days except, except except for $tran and $indu which did not bottom and in fact have turned upwards.

[HighRev]

Cobra, I've been meaning to mention it, but keep forgetting - you site is still on Daylight Savings Time.

[MrMiyagi]

Cobra, I've been meaning to mention it, but keep forgetting - you site is still on Daylight Savings Time.

Yeah! Wuddup wit dat?

[Cobra]

Cobra, I've been meaning to mention it, but keep forgetting - you site is still on Daylight Savings Time.

no, it's your problem. Check "Getting Started".

[jarbo456]

Cobra, I've been meaning to mention it, but keep forgetting - you site is still on Daylight Savings Time.

Yeah! Wuddup wit dat?

he actually covered this for a couple of days. it's server time, and you have control over it via your profile.

you can change the day light savings option via the User Control Panel.

[qtipped]

on second thought, i will release my shorts before weekend...enough stress this week. guess what that means, big gap down on monday cuz i won't have anything.

[MrMiyagi]

Cobra, I've been meaning to mention it, but keep forgetting - you site is still on Daylight Savings Time.

Yeah! Wuddup wit dat?

he actually covered this for a couple of days. it's server time, and you have control over it via your profile.

you can change the day light savings option via the User Control Panel.

Yeah.. that's what I did..

[qtipped]

Pattern remains?

[99er]

Update

EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_1350.html

Hanging on by a thread.

[L_T]

Bits of a story I was just reading about that:

"What we've seen over the years is that the Wednesday before (Thanksgiving) and the Friday after have been bullish days," says Jeff Hirsch, Editor-in-Chief of the Stock Traders Almanac. "This is a short-term trading strategy."

Hirsch explains "we like to trade this getting long the week before Thanksgiving into some weakness and selling into any rally on Wednesday, and probably getting out mostly on Friday."

But keep in mind, there's a major deadline looming for the Super Committee to agree on a deficit reduction proposal by November 23rd. The talks right now seem to be at a stalemate. Failure to reach an agreement could have a major market impact that could buck any seasonal trend next week.

some trendlines.. I lean towards 1190 maybe a sharp move this afternoon, gap down on Monday?, but next week, short trading week, general bullish prior to holiday weekends, fewer pros trading, more retail,1240-50 on the 1/2 trading day next Friday, would not suprise me.

Great point on Thanksgiving week being seasonally strong. Does anyone have Stock Traders Almanac to tell us how strong it has been?

[tdo722]

on second thought, i will release my shorts before weekend...enough stress this week. guess what that means, big gap down on monday cuz i won't have anything.

what's with the negative feelings man? didn't uprofit enough from the 40 points dropped yesterday?

[dcurban1]

To further the deficit panel talk, the deadline is the 23rd but they have to deliver something to Congress on the 21st for review so the real deadline is the 21st.

Nobody is talking about the deficit panel yet and to me it is a wildcard for this weekend.

[HighRev]

Cobra, I've been meaning to mention it, but keep forgetting - you site is still on Daylight Savings Time.

Yeah! Wuddup wit dat?

he actually covered this for a couple of days. it's server time, and you have control over it via your profile.

you can change the day light savings option via the User Control Panel.

Roger.

[99er]

Update

ES http://99ercharts.blogspot.com/2011/11/es_6249.html

Treading water, hoping not to drown.

[MrMiyagi]

Very low volume on SPY past 30 minutes. Lunchtime.