12/09/2011 Intraday Watering

[Cobra]

corba's posting is not many as before

I'd comment a lot in trend day. I'd pretty much clueless in a range day most likely.

[heavenskrow]

Some of you guys need a reminder: trade charts which work, buy support, sell resistance. And my main message: try to forget what "you think", because what you think ain't important, does not make you money

Amen.

[uempel]

Ellipses suggest reversals at 11.10 am and at 13.05 pm:

SPX11.png

Thanks Umpel. Great chart - took profits and I am now ready to go skiing

Thanks chocobee, but bear in mind that these reversals don't indicate direction. For direction Al's system is quite reliable, but you might have your own system with stochs, macds, rsis, momentum... At the mom I'm testing Al's system and it looks good.

[mac769]

This is why the thinly traded Friday is a really dangerous place for anybody being short.

Most models show about 8-10 points being "manipulated" into the market..

but who cares, the sheeple will follow or cover the shorts...

On a day like this, you are short at your own peril, so the best strategy is to ride the uptrend until market close and then go short over the weekend, if you have the stomach...

[Anaconda]

Still on track... Small bull flag to the gap (in blue). Then testing yesterday's low.

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/12/copper_09.html
Crude http://99ercharts.blogspot.com/2011/12/crude_09.html

[Al_Dente]

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

Your system is really good - you should charge a license, $10 an hour?

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

[uempel]

Some of you guys need a reminder: trade charts which work, buy support, sell resistance. And my main message: try to forget what "you think", because what you think ain't important, does not make you money

Amen.

I know, I know, I sound like a priest. But sometimes I'm appalled. None of my business, I know.

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/12/gold_09.html
Silver http://99ercharts.blogspot.com/2011/12/silver_09.html

[heavenskrow]

CL breaks out

[StrikePrice]

Euroxx50 (Dec11) : strong rebound ..... but it is not an impulse up

TWT, You don't consider a Diagonal an Impulse?

[99er]

Updates

Dollar http://99ercharts.blogspot.com/2011/12/dollar_09.html
30-Year http://99ercharts.blogspot.com/2011/12/30y_09.html

[Me XMan]

Interesting...good to know.

This is why the thinly traded Friday is a really dangerous place for anybody being short.

Most models show about 8-10 points being "manipulated" into the market..

but who cares, the sheeple will follow or cover the shorts...

On a day like this, you are short at your own peril, so the best strategy is to ride the uptrend until market close and then go short over the weekend, if you have the stomach...

[Me XMan]

What city?

You're from Vietnam? Really?

The price drop on Dec. 8, 2011 could be the mark of a trend change.

Yes, It's 10:53PM in VN

[jarbo456]

just out of mild curiosity. anyone know WHAT the EU accord said?

[Richarab]

You're from Vietnam? Really?

The price drop on Dec. 8, 2011 could be the mark of a trend change.

i am not from vietnam - i am not sure where you got that - i am from the middle east and i am over 80 years old...
i do some banking in SE asia - maybe that is what you are referring to

[Richarab]

just out of mild curiosity. anyone know WHAT the EU accord said?

i just read the accord. it said buy TVIX

[Me XMan]

Short order in for $125.85...

[heavenskrow]

weeeeeeeeeeeeee

[BullBear52x]

No Neg D, need to bring up RSI higher.