11/02/2011 Intraday Watering

[silicon_beaver]

ok, time to leave for ariport. you guys don't fight, I'll bring back candy!

why u go to airport again? sending yr wife to china as anniversary gift?

Cobra said, his parents.

[StrikePrice]

Out of long at Target. Looks like a possible Leading Diagonal as I see 3-3-3-3-3 to 1,242. Can't seem to get image upload to work?

[Unique]

Where's the ignore button? Some people here clearly have zero knowledge on drawing a grade 1 support line for EUR/USD and failing to call out the overall trend. Sigh

[stocksage]

100% agree with Clark, people should learn HOW to trade here, not expect to be told exactly WHAT to trade.

I am one of the newbies learning and agree that folks should take the time to look up (Google, Investopedia) the terms, etc.
Please realize too that some of the slang or "trade talk" doesn't make sense to many of us... I have been trying to keep up day to day so that I can try to learn the lingo, but it is a slow process.
I am not defending stupid questions, just trying to explain sometime things that make sense to you seasoned traders do not to us newbies...

I agree too. If you have question, just don't hesitate to ask. If I see it, I'd answer. Sometimes, if I get really busy or not focused, I might skip the questions, I must be honest, I sometimes do skip some questions.

I'd skip all the stupid questions and the constant whining of some posters. These people need to learn how to think.

[Al_Dente]

PAGING L_T
http://graphics.thomsonreuters.com/11/0 ... 411_SC.gif
Also, something new to obsess about, re FCX: Keep one eye open for anything out of the Democratic Republic of Congo [DRC]. If they can get their politics and infrastructure together, they may be the future biggest copper producer.
FCX leads a partnership with Lundin Mining (LUN.TO) and the DRC government, in the country's largest copper mine at Tenke Fungurume (Gecamines mine), where deposits “comprise one of the world's largest known copper-cobalt resources....Congo's copper output, decimated in the 1980s, has risen from 96,000 tonnes in 2007 to a projected 500,000 tonnes this year…” (Reuters, 10/28/11)

Also internals update; bull confirmed:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

[waverider]

Have a safe drive Cobra! CAT is among the top bullish on put/call data (in the upper right box): http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

[soku]

Have a safe drive Cobra! CAT is among the top bullish on put/call data (in the upper right box): http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

wow thanks for the info. fortunately me out yesterday. kena u covered?

[chodaboy19]

Where's the ignore button? Some people here clearly have zero knowledge on drawing a grade 1 support line for EUR/USD and failing to call out the overall trend. Sigh

Click the person's name then select "Add foe".

[uempel]

For many reasons (not shown here) 1240 area is important. My guess is that SPX will close in this area.

[cougar]

A ~50% extension of the previous leg UP has been achieved at HOD=124.4

[99er]

Update

RUT http://99ercharts.blogspot.com/2011/11/rut_375.html

Bear Flag complete.

[pady]

Out of long at Target. Looks like a possible Leading Diagonal as I see 3-3-3-3-3 to 1,242. Can't seem to get image upload to work?

Finally someone explained the action since yesterday's morning low. Thought it was a flat which today didnt hold. Almost at 38% retrace. If we fall from here, the bears have it. Else 50% possible to fill gap.

[jarbo456]

anyone know where agnosia's at? been missing his /CL outlooks...

[waverider]

Have a safe drive Cobra! CAT is among the top bullish on put/call data (in the upper right box): http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

wow thanks for the info. fortunately me out yesterday. kena u covered?

no problem. Nice renko chart Cougar, I like the way renko smooths the price.

[BullBear52x]

Where's the ignore button? Some people here clearly have zero knowledge on drawing a grade 1 support line for EUR/USD and failing to call out the overall trend. Sigh

Click the person's name then select "Add foe".

How is the Friend work? why is it there?

[pady]

Out of long at Target. Looks like a possible Leading Diagonal as I see 3-3-3-3-3 to 1,242. Can't seem to get image upload to work?

Finally someone explained the action since yesterday's morning low. Thought it was a flat which today didnt hold. Almost at 38% retrace. If we fall from here, the bears have it. Else 50% possible to fill gap.

124.75 or 125.6 targets.

[StrikePrice]

Out of long at Target. Looks like a possible Leading Diagonal as I see 3-3-3-3-3 to 1,242. Can't seem to get image upload to work?

Finally someone explained the action since yesterday's morning low. Thought it was a flat which today didnt hold. Almost at 38% retrace. If we fall from here, the bears have it. Else 50% possible to fill gap.

I don't think it looks good for Longs right now. But with FOMC day you never know.

I'm getting server error trying to upload an image. Is it just me?

[SB73]

I see 3 push up pattern completed...Expecting selling to commence toward 1220.

[KENA]

Have a safe drive Cobra! CAT is among the top bullish on put/call data (in the upper right box): http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

wow thanks for the info. fortunately me out yesterday. kena u covered?

Yes..Sold all my shorts yesterday..Went long mako,Athn,SPY call and a put hedge.Things ok..How about you and did you have a good trip??

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/11/copper_02.html
Crude http://99ercharts.blogspot.com/2011/11/crude_02.html