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Re:

Posted: Thu Nov 29, 2012 4:50 pm
by L_T
MrMiyagi wrote:
151.png
That would be a gap fill down to yesterday's close.

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:50 pm
by Cobra
back to the high before the close so still a breakout is likely. Maybe not enough time for today though.

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:51 pm
by TraderJoe
uempel wrote:
TraderJoe wrote:Out of my SPY long, lost

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:52 pm
by Jupiter
Cobra...do you suggest holding longs overnight? Thx.

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:52 pm
by TraderGirl
tomorrow is a turn date...

Posted: Thu Nov 29, 2012 4:52 pm
by MrMiyagi
Petsamo wrote:I'm thinking of getting some TZA.
TZA/TNA charts getting to bottom/toppy areas. SPX/RUT still going higher... They are near tops as well but the Magic of Christmas is upon us (maybe). Even non-Christians can benefit this time of the year.

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:53 pm
by skittlesmds
Petsamo wrote:
skittlesmds wrote:Petsamo,

I have been getting whipsawed today. I have had some gains today but currently have a short position and unrealized loss of $600 right now. Looking at my trades for the week to see how much I want to risk before taking the loss.
I'm thinking of getting some TZA. I can't possibly do worse than my disasters of UNG, AMD, MCP, etc

I have an order in to buy to cover at ES 1412. That is my break-even point.

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:55 pm
by Al_Dente
Harapa wrote:
Al_Dente wrote:PAGING HARAPA
When I said I’d be patient I was just kidding :twisted:
The Blues: http://www.youtube.com/watch?v=oHowqKYS ... re=related
Early read:
Gapper in Upswing,
Risk of gap down < 12%
Thanks docboss
I tightened my stop so it’s choking me
I’m not dickin around up in here

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:55 pm
by ClarkW
TraderGirl wrote:tomorrow is a turn date...
Tomorrow or yesterday turn date for metals?

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:56 pm
by Cobra

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:56 pm
by skittlesmds
TraderGirl wrote:tomorrow is a turn date...
Turn lower? I hope we can get a pullback. I still think we can get a Santa rally; the only question that I have is when it starts.

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:58 pm
by Cobra
well, guess that's it for today. I need see one thing after close and members now know what I'd see. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Re:

Posted: Thu Nov 29, 2012 4:59 pm
by Petsamo
MrMiyagi wrote:
Petsamo wrote:I'm thinking of getting some TZA.
TZA/TNA charts getting to bottom/toppy areas. SPX/RUT still going higher... They are near tops as well but the Magic of Christmas is upon us (maybe). Even non-Christians can benefit this time of the year.
The Magic of Christmas doesn't need to involve greenbacks

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 4:59 pm
by TradersF
I'm still holding my TNA :D

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 5:00 pm
by Darkmatter
Man, they were really trying to hold that down.

Posted: Thu Nov 29, 2012 5:03 pm
by MrMiyagi
SPY almost

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 5:05 pm
by Darkmatter
Ya know, I don't so much mind the words "fiscal cliff" over and over and over and over and over again, as much as I mind extending the metaphor to "will we go over the fiscal cliff?" "we're at the edge of the fiscal cliff" ....

How about all the buffalo they're driving?

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 5:05 pm
by TraderGirl
ClarkW wrote:
TraderGirl wrote:tomorrow is a turn date...
Tomorrow or yesterday turn date for metals?
Merriman has a turn for Silver 28 or 29th...then big range day on Dec 2/3rd..

Usually reacts within a day of these dates...

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 5:15 pm
by ClarkW
TraderGirl wrote:
ClarkW wrote:
TraderGirl wrote:tomorrow is a turn date...
Tomorrow or yesterday turn date for metals?
Merriman has a turn for Silver 28 or 29th...then big range day on Dec 2/3rd..

Usually reacts within a day of these dates...
Thanks TG!

Re: 11/29/2012 Live Update

Posted: Thu Nov 29, 2012 6:55 pm
by KeiZai
TraderGirl wrote:Any news, numbers tomorrow..
Yep, I am expecting volatile day tmr