Veteran's Day Mid-session Update

I know a lot of us have been grumpy about the things we read every day in the news, including me, but it's a good idea to remember greater sacrifices today on Veteran's Day. I took this photo at the WWII Memorial in Washington D.C. and I can't begin to describe what a thrill it was to see so many of "The Greatest Generation," there.. some in wheel chairs, walkers.. bent over from old age.. all very precious to me. This isn't unique to just the United States either, as we all know. Anyway... the same day I laid a Christmas Wreath on a marker in Arlington for my best friend's son, who was killed by an IED in Iraq two days after arriving there. So.. it's a gift to be able to say thank you on a day like this to anyone who has served their country... any country.. with honor. No matter what is going on in the news today or on this tape, we all have our personal honor.

Moving right along, what a day this is already! I'm sharing Joe's poignant chart showing price and time. Thank you Joe, and also a big welcome to Gannsecret and all who come here every day to pitch in and work as a team. Let's trade this puppy!! :-)

SOSDD

Jim Rogers: “They are going to print so much money that stocks are going to the Moon, but I don’t want to own them”.

Good morning TTWers, we wake up and see the same familiar shanagan – yet another key levels are taken over on 100 es mini contracts overnight, dollar continued to be hammered (why would they respect the currency of the country that got no respect?)

At this point we are back to magic 1113 for wC target or 1120 for w3 target for SPX and my guess is as good as anyone’s – and I am really tired of this nonsense, so probably, I am going to scoop up whatever money left in my account and buy one way ticket – as far away as possible from this banana republic.

If this is of any use for you – price projections are below.

 

11/11/2009 Futures approx. BO
Daily Range Projection	Low	High
/ES	1088.50	1098
SPX	1090.21	1099.22
/NQ	1765.25	1783.25
NDX	1768.40	1782.55

/ES is a short for now at 1101 – for how long? Make a guess, say a wish…

 

Running on Fumes

I know.. it was as slow as molasses today, but volume didn't exactly snap back after yesterday's low volume, and tomorrow the bond market is closed, so it could be even more of a snoozer. Note on this chart of the Qs how price has jumped back into what could have been a beautiful bearish wedge, but all is not lost just yet if you note the tight zone of support and resistance. A quick look at the top ten holdings on the Qs shows how RIMM (thanks Osso for that catch) kept things spinning quite well all day. The INDU basically fulfilled the needed gap fill today at 10260.80. Okay.. so it's still off by a fraction, but we'll have to see if that will suffice. See you all later this evening with more charts. ~Keirsten

Zig Zag's Chart on $INDU

Forget DOW

Feeling a little disappointed tonight (tried to make a video, but ended up losing what is left of my voice again).

At the same time feeling a little lazy, so you will have to fill in blanks in between the charts…

 

SPX Monthly (have not seen that one for a while!)

wB satisfied MINIMUM requirements (it still NOT FIXED until November’s end – but it is nice to see my prognosis beginning to materialize). At the same time – November is bar 7 of TDSetup sell Monthly of 9 (with possible 9 in January 2010).

 

SPX Weekly

Nothing much to see here – damn TDSetup Sell has been rolling for 18 weeks now…

but as Osso noticed it makes 9 on bi-weekly – so here is 2 weeks interval chart.

 

Daily – we’ve got Countdown 13 printed today (it was deferred yesterday)

 

Something you don’t see often (thou I use it a lot) – 3 days chart

Here w4 of down seq = 1,2,3 of UP – that is a match.

 

 

Finally - “hourly” (OK, OK – 73min)

wave structure did not change…yet…

 

That is it for tonight (and tomorrow morning as well – will just append price projection in the morning, but I suspect they will make as little sense tomorrow as they did today)

 

But…what about DOW? Forgetaboutit!

 

Tonight’s musical selection…MONTY…not that…another one…

 

 

11/10/2009 Futures approx. BO
Daily Range Projection	Low	High
/ES	1078.25	1105.50
SPX	1082.70	1103.59
/NQ	1747.25	1787
NDX	1755	1780.70

Monday Bull Run

Well, wasn't that special? That's basically what my thought bubble had goin' on all day today. No gap fill yet on $INDU, but we're verrrry close, and I would have bid it up myself, but my eyes were too crossed to watch the screen this afternoon. Anyhoo.. a few charts that caught my attention late in the day, as they seem to be acting a little stranger than the rest of the tape in relation to the buck. UUP held support by EOD, fwiw. So here goes, and I'll hopefully meet back up with the rest of you later on when we have time to digest what lays in store for tomorrow and beyond. Thanks as always for generously posting your own analysis as these trading days progress, as it keeps us all on the straight and narrow, and is much appreciated!





 

 

 

 

    DDT here…this is what I have to say…

 

 

 

Oh, and else…someone asked me – what with the devilish avatar…

Devilish? Quite opposite… and fits me like a glove

http://salvoblue.homestead.com/wings.html

 

8:22PM EST DDT here…again…mad as always

I thought today is as good of a day as any to watch this clip – tribute to great American Freedom.

As much as you listen to George – that much, please, watch stupid neurotic looking asshole on the left.

 

Price and Time

Nothing to see here really, move along.. they've managed to gap up once again on low volume to avoid critical points of resistance and scare the living daylights out of the shorts yet again. So now we're dealing with just two elements- price and time. The question is which one will be the victor this week? Most of us have certain cycle targets in mind relating to the time factor, so it's not time to get nervous just yet, IMO. Just a pair of charts to share, as we've all posted a jillion charts already and know what we're facing in both directions. If you're getting battle fatigue with this game, don't hesitate to take yourself out and away until you can better focus on your trades, as this has been one rough tape as it moves like a car with a bad transmission.

Daily Range Projections 11/09/2009

11/09/2009 Futures approx. BO
Daily Range Projection	Low	High
/ES	1059.50	1076.25
SPX	1064.33	1076.47
/NQ	1717.25	1749.75
NDX	1719.82	1743.88

 

To help you wake up on this slow ridiculous dollar farewell healthcare screw up final turnaround morning…one more shot of tequila and lime please…