Comments on: Intraday Commentary ~ 11/24/2009

By: Anjali

Anjali — Wed, 25 Nov 2009 04:03:54 +0000

Thanks

By: Zeeshan Bin Laden with Gold

Zeeshan Bin Laden with Gold — Wed, 25 Nov 2009 03:37:43 +0000

Hey, rip van zeenkle just woke up and realized a 30% price swing that nice
and well manner Paladin has been spouting for weeks.

I think smart money outside of Iran’s Council is buying SGR.V and IOC.

Price is up, gold and silver opened up 1% in kong hong. Gotta go, playing
Midnight at the Oasis , , , , right after rocken the Kashbah.

By: zee

zee — Wed, 25 Nov 2009 03:18:35 +0000

GOLD– 1175.1
I remember so many people talked about GLD going to 1200 back at 880 due to U.S Federal Reserve printing tons of money.. I did not think it would go up so quick………………………

By: morris

morris — Wed, 25 Nov 2009 02:39:11 +0000

It was a strange situation with ERX on Friday because of the big downward price modification (the result of the short term capital gains distribution). That trend line in Woo’s chart would not have been hit if the distribution had not happened so the move was artificial to some extent.

I posted an ERX entry today @ 40.00 and you could have picked it up lower than that after my post. Unless it gaps up big tomorrow, I don’t see that you have really missed much of a trade yet.

By: woo

woo — Wed, 25 Nov 2009 02:05:11 +0000

apologies! sometimes it’s hard to keep up with everything. tomorrow is a new day =)

By: nastrades

nastrades — Wed, 25 Nov 2009 01:45:56 +0000

I asked this last week what is the best price to get in but never heard back from you and I missed a nice trade

By: Chacro (LONG MWJ)

Chacro (LONG MWJ) — Tue, 24 Nov 2009 23:55:53 +0000

SPY actually closed up today smack dab on the giant bear trend line that I’ve referred to ad nauseum.

We should move down tomorrow, but assuming a light volume day they (or the market) may take this opportunity to gap it above resistance tomorrow and then we can have a push higher, maybe a blow off top, who knows.

I would love to see a gap above resistance tomorrow, we can finally get some strong movement upward next week, capitulate all the bears, then we can start P3.

By: dfittsm20

dfittsm20 — Tue, 24 Nov 2009 23:27:06 +0000

a good video on TA for oil, produced 11/19, but still valid, except we are now sitting on the edge of support at 76 for Jan futures – a break of this resistance could be a game changer

http://broadcast.ino.com/education/crudeoil1119/

By: chris

chris — Tue, 24 Nov 2009 21:21:38 +0000

should know by tomorrow 10:30 am which direction oil will go

By: zee

zee — Tue, 24 Nov 2009 21:15:30 +0000

I still see a correction since we are still below Nov 16ths cycle high.. as long as 1130 is not taken out you should start to see some 1% down gaps… If 1130 get’s taken out I will cover my shorts for a 2% loss and will reload on December 1st.

If the market does make a high on December 1st, there’s a high probability of us making a 3-5 month top.

here is how im positioned.. will likely everything but UUP at 1075.
Symbol Position Initial Price Shares
CIT L $ 0.28 1000
DOW L $23.54 755
SSS.V L $0.12 10012
UUP Long $22.25 5000
SPY Short $111.00 1000
SDS Long $35.65 2000
SNV Long Stock $2.01 1400
VXX L $38.63 220