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12/29/2011 Intraday Watering

tdo722
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Re: 12/29/2011 Intraday Watering

Post by tdo722 »

all this contraction is building up for a breakout to the north or south is yet to be known but for sure there will be a breakout.
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99er
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Re: 12/29/2011 Intraday Watering

Post by 99er »

Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
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Al_Dente
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Re: 12/29/2011 Intraday Watering

Post by Al_Dente »

one minute volume spike
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 12/29/2011 Intraday Watering

Post by BullBear52x »

see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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dcurban1
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Re: 12/29/2011 Intraday Watering

Post by dcurban1 »

99er wrote:Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
I love this. For me a proxy on the overall market has been the stock prices of Citibank and Bank of America.

You cannot have a strong economy without a functioning banking system.
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Al_Dente
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Re: 12/29/2011 Intraday Watering

Post by Al_Dente »

BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
Or as Cobra so eloquently put it last night: “ball or no ball” ….I LOVED that one :mrgreen:

http://www.youtube.com/watch?v=Q9G0-4TWwew
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Me XMan
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Re: 12/29/2011 Intraday Watering

Post by Me XMan »

Nice read. Thanks.
99er wrote:Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
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jarbo456
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Location: New York, NY

Re: 12/29/2011 Intraday Watering

Post by jarbo456 »

99er wrote:Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
Shopping list 2012...or not????

LOL

Good stuff man.
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Me XMan
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Re: 12/29/2011 Intraday Watering

Post by Me XMan »

Are you suggesting my squirrel to short more :lol:
BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
tdo722
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Re: 12/29/2011 Intraday Watering

Post by tdo722 »

BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
both /es and spy been hanging out at resistance all day (july-oct-november-december decline trend line). If it breaks this then it is free to retest 1269 and possibly make a new high.
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CognitiveDissonance
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Re: 12/29/2011 Intraday Watering

Post by CognitiveDissonance »

99er wrote:Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
totally agree with you, the politicos are spending away the future
@cognitivebias1
hemlock21
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Re: 12/29/2011 Intraday Watering

Post by hemlock21 »

I also see thr triangle.

A little longer term, many indicaters are pointing to the credit crisis coming to fruition. Europena 10 yr yields all rising, Italy's above 7%, TED spread is making new highs daily and the Libor is rising as well.
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BullBear52x
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Re: 12/29/2011 Intraday Watering

Post by BullBear52x »

Me XMan wrote:Are you suggesting my squirrel to short more :lol:
BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
I can't stop laughing every time I see your avatar :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
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silicon_beaver
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Re: 12/29/2011 Intraday Watering

Post by silicon_beaver »

Cobra wrote:
dr659 wrote:
Cobra wrote:
wayne0708 wrote:
Cobra wrote:still looks like an ascending triangle to me.
Cobra: did i miss breakout?
no valid breakout yet.
This is what the 3rd 4th try today? does the resistence get weaker each try or does the try get weaker each time ( or something like that ) :) :?
resistance gets weaker and weaker on each try because every time a potential sellers are in therefore less and less sellers.
Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.
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waverider
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Re: 12/29/2011 Intraday Watering

Post by waverider »

Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.[/quote]

This pattern isn't bearish, higher lows and moderately higher/flat highs. If this breaks to the upside, probably a lot of bulls will cover.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"

-Jesse Livermore
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Al_Dente
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Re: 12/29/2011 Intraday Watering

Post by Al_Dente »

anyone notice the SPY high lasted all of one minute, not exactly what Cobra would call a “decisive breakout” yet
nyadv remains bull at >2200 not giving up much, as other indicators weaken
note the gappy gappy gappy TICK already
All it will take is some final-hour bear-short-covering here….or not
1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=_No4g5ZULI8
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 12/29/2011 Intraday Watering

Post by Cobra »

silicon_beaver wrote: Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.
you should read the Ascending Triangle then you won't say that. The key is the low gets higher and higher indicating that bulls are getting more and more anxious. That said, like every chart pattern, there're some cases the ascending triangle does breakout on the downside. but again the point is the lower gets higher and higher.

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knock
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Re: 12/29/2011 Intraday Watering

Post by knock »

waverider wrote:Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.
This pattern isn't bearish, higher lows and moderately higher/flat highs. If this breaks to the upside, probably a lot of bulls will cover.
EURUSD seems to break the tiny triangle, and now in range of the bigger symmetric triangle.
tdo722
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Re: 12/29/2011 Intraday Watering

Post by tdo722 »

buy stop 126.10, sell stop 125.70.
dr659
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Re: 12/29/2011 Intraday Watering

Post by dr659 »

Me XMan wrote:Are you suggesting my squirrel to short more :lol:
BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
That squirrel needs some shorts, But they might not be long enough. :lol:
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