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11/22/2012 Thanksgiving Day Chat
Posted: Wed Nov 21, 2012 9:29 pm
by Cobra
Open this thread in case people want to chat during the Thanksgiving Day. I know some people are crazy about trading, like to talk it 24/7 and 356. So welcome!
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Wed Nov 21, 2012 9:35 pm
by Cobra
One thing I found interesting is, SPY huge block sell on Nov 20. $340M out flow is a very large number. Also for IWM, for 2 days in a row, all outflow were from block sell.
Well, may not mean anything, I just found it's interesting.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Wed Nov 21, 2012 9:41 pm
by Cobra
ES for now, looks like a Rising Wedge which is bearish biased in theory, it may take fairly long time before wedge could work though, so I don't trade wedge. The similar thing is divergence which implies a reversal in theory but again it may take very long time to work, so I generally don't trade divergence as well.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Wed Nov 21, 2012 10:33 pm
by vikasrao
Thanks for opening up the thread Cobra
Euro looks it had a strong reversal bar yesterday? Still consider it a bear flag?
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Wed Nov 21, 2012 11:55 pm
by Cobra
vikasrao wrote:Thanks for opening up the thread Cobra
Euro looks it had a strong reversal bar yesterday? Still consider it a bear flag?
Yes, still looks like a bear flag.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 9:46 am
by SigmaEcho
Cobra wrote:Open this thread in case people want to chat during the Thanksgiving Day. I know some people are crazy about trading, like to talk it 24/7 and 356. So welcome!
thanks Cobra.
looking after your european customers!
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 10:34 am
by wayne0708
Cobra:
I hope you don't mind that I borrowed your chart and edited a lil for my viewing purposes.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 12:15 pm
by Cobra
wayne0708 wrote:Cobra:
I hope you don't mind that I borrowed your chart and edited a lil for my viewing purposes.
Sure, no problem.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 12:28 pm
by Cobra
Futures now still pretty much a Rising Wedge looking, not very good looking as the slope is too steep.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 2:03 pm
by Cobra
TSX, the morning enthusiasm is fading...
Interesting to see how Canadian predicts SPX tomorrow. XSP.TO is Canada version of SPY. While US is closed today but XSP.TO still can be traded, so it somehow reflects how Canadian predicts the SPY.
Posted: Thu Nov 22, 2012 2:09 pm
by MrMiyagi
Take a break Cobra!! Go sleep a little.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 2:16 pm
by Cobra
Wow, RIMM is on fire. This bull shall have legs.
Long term, it has a long way to go though.
Posted: Thu Nov 22, 2012 2:47 pm
by MrMiyagi
I'm going to go veg on the couch now...
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 3:21 pm
by KeiZai
Have a great Turkey day folks!
P-bar fans, after a longer timeI have 2 "bars" pointing down, however just small ones...same on silver
Russell
Posted: Thu Nov 22, 2012 4:06 pm
by MrMiyagi
Ah.. what the hell...
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 4:12 pm
by pezhead9000
RIMM - waiting for the 13ema
Re:
Posted: Thu Nov 22, 2012 4:18 pm
by Cobra
MrMiyagi wrote:Ah.. what the hell...
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 4:22 pm
by pezhead9000
Intel @ support
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 4:25 pm
by Cobra
pezhead9000 wrote:Intel @ support
Hard to say, because your chart is not dividend adjusted, while dividend adjust chart is far from the support yet.
Re: 11/22/2012 Thanksgiving Day Chat
Posted: Thu Nov 22, 2012 4:27 pm
by pezhead9000