11/30/2011 Intraday Watering

[brokebybernacke2]

inverse head shoulders target round 1238ish? buy dips back on from there i thinks...

[BlackThought]

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.

Same here. I shorted the September 2010 monster rally cause I used to read ZH everyday. Now I follow them on twitter and just read the headlines from time to time but refrain from reading the articles. Doing much better since then.

[cougar]

COUGAR..Are you still holding to 1262 your projection.

Yes, but not for today. This would be for the week...
Before that, however I found some resisatnce at 1252, on a 130 min chart.
Chart soon.

Here is the 1252 zone, also for a swing. Probably not today...

[jarbo456]

there may be an argument that SPX is targeting the 200MA again around 1260/65. but definitely need some digestion before getting there. maybe 1 small red day to "digest".

[uempel]

Barbara, roll over ES to March Wednesday before the close at the latest, never let expire on Friday.

[Al_Dente]

Behind the curtain the great and powerful Oz.. http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

[barbaragull]

Barbara, roll over ES to March Wednesday before the close at the latest, never let expire on Friday.

Thanks, uempel.

[KENA]

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

[TWT]

EUR:

If "only" ABC up the 1x1.618 extension target is 1.3635

[oldpigwang]

I think this week MM is killing wkly option, put; and short.
Next week, will kill calls and longs.

[L_T]

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.

[soku]

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.

[SB73]

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

[SB73]

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

in the effort of full disclosure I only had a pilot short position out there so losses are manageable.

[barbaragull]

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

Yeah, people need develop Event Analysis (or Anouncement Analysis)

[KENA]

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.

Thats ok good to have you back.

[dcurban1]

Reading Material, November 30, 2011 – US/EU FTA and the EFSF

http://atruecontrarian.blogspot.com/201 ... -useu.html

Technical Analysis – XAU and HUI Gold Stock Indices

http://atruecontrarian.blogspot.com/201 ... -gold.html

[tdo722]

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.

[Me XMan]

Where's BB52X? TURKEY GOD has arrived this week!

[dcurban1]

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

The sad part is you can see the manipulation clear as day in terms of news flow.

Last night C, GS, BAC all get their ratings cut.

The Chinese ease reserve requirements and ok news from Europe makes the market go wild.