11/27/2012 Live Update

[kongen]

IWM daily up 7 days. Today, high just touched 200 MA and nearly touched downtrend line from Sept high. I suppose the most likely course is to pull back here, then try to attack again, hopefully with the first higher low since downtrend began.

[ClarkW]

Don't know if going long right now makes much sense but EA appears to have broken out? Any other opinions, both good and bad would be much appreciated

BTW: NOT A RECOMMENDATION, DO NOT OWN. I might wait for a pullback myself

[daytradingES]

Filled (sim NTA)

[wayne0708]

Battle of 1400!

[KeiZai]

Damn I missed the breakout, was too busy with choppy market last time it was nice run, not tading advice u know

FSLR on pitchfork target:

http://stockcharts.com/h-sc/ui?s=FSLR&p ... &cmd=print

Thx KaZoom so if I am reading it right now is in uptrend but at median line, am I right? thanks again

[Al_Dente]

xiv low on day

[L_T]

Filled (sim NTA)

Target?

[KENA]

It will be good for the bears if the mkt can close under 1400.. Then mkt to test 1390 tomorrow.

[KeiZai]

Damn I missed the breakout, was too busy with choppy market last time it was nice run, not tading advice u know

FSLR on pitchfork target:

http://stockcharts.com/h-sc/ui?s=FSLR&p ... &cmd=print

First Solar (FSLR) is ripping here. See my notes on this as we discussed yesterday. However, just be careful here getting long. The biggest trade in the option market today is actually a bearish bet. Trader sold 3,000 Jan 27 calls to finance 3,000 Jan 24 puts. The bearish risk reversal went off for 19 cents net credit.

The chart clearly looks like it is breaking out, but option activity is bearish out in January. Be careful if playing long here.

Thanks TJ for info I am trying to be always careful not going to jump in today want to see some follow through and need to cool off a little, then maybe yes

[Cobra]

back to day low, still hard to call here.

[MrMiyagi]

Pathetic... Santa ought to be ashamed of his failed rally.
At this rate, I'll convert to Judaism. No wait.. they don't eat pork ribs. Hinduism. No no no scratch that to...

[TraderJoe]

Pathetic... Santa ought to be ashamed of his failed rally.
At this rate, I'll convert to Judaism. No wait.. they don't eat pork ribs. Hinduism. No no no scratch that to...

You are funny

[Darkmatter]

This is soooooooo fail
Only thing that can save this market is an Elvis sighting
Or short-covering wuss

A/D at 50/50 means that anything can happen……

[TraderGirl]

paging KeiZai

$USD got hammer yesterday, panic! well XIV say so.

I closed all risk currency trades at midnight (5PM in US) due to 4h hammer on USDCHF

DXY bounced strong from 80.11 so coming days should become interesting even if we get one more push up pullback is just matter of time, can´t wait for that pullback to see how deep will be

The moon and the star guru saying we bottom on the 29th, well, I'll leave that to TG to tell us more? what say you miss TG?

Looking for a two legged pullback....so low may not be far away...29/30th? There is a turn on Monday, Wednesday and Friday...so Wednesday could be down into Friday...?? We'll see...

[Cobra]

members only update at 3:52pm
http://www.cobrasmarketview.com/2012/11 ... ve-update/

[L_T]

Pathetic... Santa ought to be ashamed of his failed rally.
At this rate, I'll convert to Judaism. No wait.. they don't eat pork ribs. Hinduism. No no no scratch that to...

[KENA]

Pathetic... Santa ought to be ashamed of his failed rally.
At this rate, I'll convert to Judaism. No wait.. they don't eat pork ribs. Hinduism. No no no scratch that to...

Christian..We can eat anything thats good.

[MrMiyagi]

141.png (17.22 KiB) Viewed 4565 times

[fehro]

Pathetic... Santa ought to be ashamed of his failed rally.
At this rate, I'll convert to Judaism. No wait.. they don't eat pork ribs. Hinduism. No no no scratch that to...

last year Santa rally paused at the 200day from underneath Dec 7 then went down till Dec 20... fwiw.

[TWT]

SPX: If bears fail then the pattern could evolve into a bullish Traingle wave (B)