11/30/2011 Intraday Watering

[Me XMan]

You've got lucky and the best part is your pooch got saved!!

Oh my god. I am so happy I sold my 2000 shares SDS in the after hours market after I made $400 from it. I was not so sure even thought that 3 push up pattern and the huge negative divergence. hahhaha.. big smile on my face this morning.

[dcurban1]

SOKU..Are you back home or still in China.

too bad, me back last week.
i think i should relocate, since i cannot live asian hours here.

I would love to be back living in China. Loved it when I worked for a startup hedge fund there.

[cougar]

TVIX made a nice AB = CD.
Now it is at a critical level.
"To buy... or not to buy?"

[fehro]

1250ish? Trendlines meeting

[99er]

Update

RUT http://99ercharts.blogspot.com/2011/11/rut_30.html

Try ski jumping instead?

[tdo722]

You've got lucky and the best part is your pooch got saved!!

Oh my god. I am so happy I sold my 2000 shares SDS in the after hours market after I made $400 from it. I was not so sure even thought that 3 push up pattern and the huge negative divergence. hahhaha.. big smile on my face this morning.

Oh my god, so 1158 is the end of wave B. now we go past 1292 and that's an 80% probability trade. Am I right?

[jarbo456]

I read recently that the SPX on any given week has a 52% chance of closing in the green so I totally agree with your statement below.

jarbo / AL / Cobra / anyone does anybody have a good source for the kind of info such as the average return of the SPX on any given week? I tried Googling it but didn't get too far.

nothing against ZH per se, but i have definitely cut way down on how much i read his articles. i still follow him on my twitter feed, but i realized he was really getting into my head in terms of viewing the market so bearishly all the time.

the fact remains that the structure of the financial industry is to buy, buy, buy. as a result, surprises will almost always come to the upside. i'm looking for a time to close out my longs for a profit, and sit in cash and wait for my next entry.

this isn't bragging at all, but this is a few of my positions since i stopped being so bearish the market.

i think you could probably run your own analysis using the historical prices provided on a lot of sites. easiest might be to go to yahoo finance and look up ^GSPC, export the historical prices and run your own basic arithmetic. that's all i got...

[jarbo456]

You've got lucky and the best part is your pooch got saved!!

Oh my god. I am so happy I sold my 2000 shares SDS in the after hours market after I made $400 from it. I was not so sure even thought that 3 push up pattern and the huge negative divergence. hahhaha.. big smile on my face this morning.

Oh my god, so 1158 is the end of wave B. now we go past 1292 and that's an 80% probability trade. Am I right?

good save man.

[PolarBull]

Days like this sure shake my faith in this concept of technical analysis.

You know you're saying this at the holy ground of technical analysis right?

Imo, technical analysis is powerful when volatility and significant market moving events are absent (like during bull run when the world is a "peaceful" place). In times like this, I like to use my common sense about what's happening around the world more, and supplement it with doses of technical analysis.

And always read ZH with a huge bear-filtering glasses.

[Me XMan]

Wow...they're squeezing good...

[quatzl]

Offtopic. Are there many folks here that live in China, or visit often? Just curious. I lived there from 2003-2005.

[noob]

Morning Cobra, wow what a strong day, does this nullify what you said last night? This is the strong push up that you mentioned here yesterday? Feels like October all over again though I'm highly skeptical myself.

[brokebybernacke2]

jarbo
yes, i think low 1300s on horizon, this very strong, dont fight multiple Bens.....

[Al_Dente]

TVIX made a nice AB = CD. Now it is at a critical level.
"To buy... or not to buy?"

“So foul and fair a day I have not seen” [Macbeth, Shakespeare]
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

[rola]

I know you do not like ZH, but still, read:http://www.zerohedge.com/news/did-large ... last-night

[Unique]

Scalpers prepare to short 1239-1240. Acted as as support/resistance multiple times, check your 30min/60min charts . 78.6% fib retracement.

SHORT SHORT SHORT!

[hiram]

Days like this sure shake my faith in this concept of technical analysis.

You know you're saying this at the holy ground of technical analysis right?

Imo, technical analysis is powerful when volatility and significant market moving events are absent (like during bull run when the world is a "peaceful" place). In times like this, I like to use my common sense about what's happening around the world more, and supplement it with doses of technical analysis.

And always read ZH with a huge bear-filtering glasses.

I agree 100 percent on both points!


Hiram

[proteus46]

SPY is very close to 61.8 Fibonacci line ($ 124.45 to 124.50)

[CognitiveDissonance]

Oh my god. I am so happy I sold my 2000 shares SDS in the after hours market after I made $400 from it. I was not so sure even thought that 3 push up pattern and the huge negative divergence. hahhaha.. big smile on my face this morning.

good to hear!

[Cobra]

so far so good, maintain the target. Trade this market is to trade the direction you find hardest to believe, that's it. I'm not kidding.