11/03/2011 Intraday Watering

[uempel]

Not sure if this cycle is up or down - perhaps no reaction:

[BullBear52x]

This another sell the rally spot, a retest of 5dma and Fib fan 78.2% down slope.

day trader always sell the double top or top of the box.

[StrikePrice]

Based on Fibo, this is either done here ( .62*A ) or 126.22 ( A ).

Since it's 11:30, I'm inclined to go with the 1st option. Lunch time traders.

But this market is so crazy maybe everyone will just be buying on their iPhones...

[Cobra]

good morning cobra . did you parents go away safe?
when we get consolidation sometimes you say , consolidation here no good consolidation good for bulls . no good for bulls
so you reference that a consolidation under resistance BEARISH?
and a consolidation above support BULLISH ?

like rich now seems we are consolidating below resistance so..... would be ????? THANKSSSSS

consolidation more often means continuation, all you need are to remember this.

[Richarab]

Based on Fibo, this is either done here ( .62*A ) or 126.22 ( A ).

Since it's 11:30, I'm inclined to go with the 1st option. Lunch time traders.

But this market is so crazy maybe everyone will just be buying on their iPhones...

i use thinkorswim iphone app - i like it better than the tdameritrade iphone app

[tdo722]

I'm quite positive high of today is in guys.

[Richarab]

good morning cobra . did you parents go away safe?
when we get consolidation sometimes you say , consolidation here no good consolidation good for bulls . no good for bulls
so you reference that a consolidation under resistance BEARISH?
and a consolidation above support BULLISH ?

like rich now seems we are consolidating below resistance so..... would be ????? THANKSSSSS

consolidation more often means continuation, all you need are to remember this.

who was it that had the acronym "JBTFD"?

[janez]

resistance. I gave up, this market wants to go up no matter what.

Laoda, I have to switch to camp of "buy-dip".
Yes, FED doesn't have $$$ but it control the policy.

I have also defaulted to the bull's side.

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/11/copper_03.html
Crude http://99ercharts.blogspot.com/2011/11/crude_03.html
30-Year http://99ercharts.blogspot.com/2011/11/30y_03.html

[zhyuan04]

resistance. I gave up, this market wants to go up no matter what.

Hi Cobra. I also gave up today for bears. Do you give up for today only or for the next few days?

[tdo722]

Think about it, I will take 1350 or 1150. Because 1350 - my retirement account will make some money and i can finally get out. 1150 - my trading account will make some money for daily expenses.

why 1350? can you tell me how to get that number?

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/11/gold_03.html
Silver http://99ercharts.blogspot.com/2011/11/silver_03.html

[pady]

Seeing 1 min chart, it is a minute wave 4 playing ( which are slow to say the least ). So one more small pop might be left to 125.4-125.5. Then either bears get in control or we consolidate for higher highs.

[Cobra]

I'm clueless now, the chart feels bearish (3 push up, aka rising wedge) but so far it's going up, so need wait and see. all push up were 2 legged, all the down push was 1 legged. I don't see weakening in either push up or push down though, all 100% Measured Move. Logically the next push down should be 2 legged.

[flight23]

NFLX calls anyone? Might have hit the lows... major call buying here per Twitter traders.

[pady]

Please, let this be the start of WAVE 3 down to 1150 and more.

[BullBear52x]

When it's bullish it's bullish, and I am no less bullish than any bulls here, but this is still a bears' town, TA front it is what it is. Bear Flags all over the place here so I will have to take it as on its face value until it failed to tell me so.

[Cobra]

key time, bulls cannot allow to fail here.

[uempel]

Some charts don't need a comment:

[99er]

SPX
http://99ercharts.blogspot.com/2011/11/spx_6135.html

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