12/29/2011 Intraday Watering

[SigmaEcho]

Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?

I see it as consolidation before the next leg down.

Hi Cobra, once you're at it. How about AEX?

http://stockcharts.com/c-sc/sc?s=$AEX&p ... 755&r=6656

Thanks

[cougar]

GLD now trading under the MAW(89) on weekly, as discussed on Dec 10, when my view encounterd some vehement oposition!
Nothing to do with "conspiracy theory"...Just fundamentals of hypothecation, borrowing... and TA of cycles = left translation!

[cougar]

GLD now trading under the MAW(89) on weekly, as discussed on Dec 10, when my view encounterd some vehement oposition!
Nothing to do with "conspiracy theory"...Just fundamentals of hypothecation, borrowing... and TA of cycles = left translation!

GLD weekly chart:

[SB73]

Last 3 MDDs have been followed by a big gap up...although this one is smaller it will be interesting to see if it gets filled. No wonder bears cover like cockroaches in the light right before close.

[waverider]

Thanks for the chart Cougar!

[BullBear52x]

GLD now trading under the MAW(89) on weekly, as discussed on Dec, when my view encounterd some vehement oposition!
Nothing to do with "conspiracy theory"...Just findamentals of hypothecation, borrowing... and TA of cycles = left translation!

GLD weekly chart:

using Fib extensions measurement here. she is heading lower.

[Cobra]

Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?

I see it as consolidation before the next leg down.

Hi Cobra, once you're at it. How about AEX?

http://stockcharts.com/c-sc/sc?s=$AEX&p ... 755&r=6656

Thanks

so far not bad. but this leg up to test the Oct highs already 2 legged, so the up momentum is weakening. I think it's similar to SPX, may have some upside, but should be cautious.

[cougar]

GLD now trading under the MAW(89) on weekly, as discussed on Dec, when my view encounterd some vehement oposition!
Nothing to do with "conspiracy theory"...Just findamentals of hypothecation, borrowing... and TA of cycles = left translation!

GLD weekly chart:

using Fib extensions measurement here. she is heading lower.

Ye, it makes sense...

[BullBear52x]

GLD now trading under the MAW(89) on weekly, as discussed on Dec, when my view encounterd some vehement oposition!
Nothing to do with "conspiracy theory"...Just findamentals of hypothecation, borrowing... and TA of cycles = left translation!

GLD weekly chart:

using Fib extensions measurement here. she is heading lower.

Here's using CCI for longer term trend guage, GLD is in trouble, CCI 21 hit the bottom now there might have some bounce but the bounce will be sold into.

[lqiantobe]

Corba~ I know usually you don;t comment on any specific stocks, can you please say sth. about BAC? do you think is it the time to load some?

[waverider]

Thanks for the insights bb.

Here's a 4 year chart of gold sentiment. Notice it hit 0 in late 2008 lol!

[bullybear]

Last 3 MDDs have been followed by a big gap up...although this one is smaller it will be interesting to see if it gets filled. No wonder bears cover like cockroaches in the light right before close.

Sometimes you get little feeling you might be in wrong place at wrong time... But... one thing no need to hope and pray about, you know moma nearby and watch closely

wrong_time_place.jpg (41.9 KiB) Viewed 6350 times

[jarbo456]

Thanks for the insights bb.

$bpgdm.png

Here's a 4 year chart of gold sentiment. Notice it hit 0 in late 2008 lol!

sentiment-wise, it looks like gold is due for a bounce. but i have to agree that the chart looks weak, though gyrations between 1460-1500 might be a tradeable bottom.

[BullBear52x]

UUP any one, I am betting on the 3rd time is a charm. daily chart.

[Al_Dente]

1min intraday
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[BullBear52x]

1min intraday
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Welcome back Dr. Al

I see SPY is right under 5DMA pennies from sell the Rally spot. first one let see how this one will pan out for da bear.

[waverider]

sentiment-wise, it looks like gold is due for a bounce. but i have to agree that the chart looks weak, though gyrations between 1460-1500 might be a tradeable bottom.[/quote]

Yeah, 1440 is the 78.6% retracement from the top, of course we don't have to get there. If sentiment goes to zero I'd be a buyer.

[cougar]

By various criteria, AMZN broke support today:

[jonerica]

It looks like it will be a quiet range bound day, consolidating the drop from yesterday.

The SPX will be forming a bear flag in this process and we should either hit the interim low today or tomorrow near 1240′s. The low is favoured to be tomorrow, due to the consolidation movement made today. However, if the speed and volume increases, then we could see the low made today.

We could close in Doji today. This infers that the closing price will be somewhere near to the opening of 1250.

http://timeandspiral.wordpress.com/

[Al_Dente]

1min intraday
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Welcome back Dr. Al
I see SPY is right under 5DMA pennies from sell the Rally spot. first one let see how this one will pan out for da bear.

Hi dude
5min, 20 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251963404