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The Really Useless Thread

  • #32,261
  • Nov 9, 2011 2:00pm Nov 9, 2011 2:00pm
Quoting darimik
exact same thing.... lol
that might not be a good thing...
Look Sharp/Trade Tight
  • #32,262
  • Nov 9, 2011 2:04pm Nov 9, 2011 2:04pm
Quoting PayTheLimit
3345 is the the mid of the weekly swing low, 3376 is the weekly swing low close, 3383 is a weekly swing low close from Jan 2011...plus a few others, big area...
Yeap bro thats the pic I got. The overflow of levels around that area is because there is a monthly S (also quarterly S or swing low in common terms) so I am using that monthly as reference for "health and safety" reasons to keep perspective.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,263
  • Nov 9, 2011 2:17pm Nov 9, 2011 2:17pm
Quoting sisse
Yeap bro thats the pic I got. The overflow of levels around that area is because there is a monthly S (also quarterly S or swing low in common terms) so I am using that monthly as reference for "health and safety" reasons to keep perspective.

sisse
indeed, big ass area, will open lots of downside up, here is a simple weekly swing low close, its the one from the second week of the year, we closed under it by less that 10 ticks, with a spinner, and the resulting reaction...definately an area I'll be watching like a hawk...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #32,264
  • Nov 9, 2011 2:21pm Nov 9, 2011 2:21pm
Quoting gatorinla
3523.8 i had once as a little support. so i closed
take with a grain of salt.. but 3581/3608 looks doable. we never went to 3638.. the LL voided it. sometimes it still goes to it. the mirror image mid is 3535.. we did stumble there briefly before the current low.
those who can, do. those who cant, talk about those who can
  • #32,265
  • Nov 9, 2011 2:22pm Nov 9, 2011 2:22pm
Quoting PayTheLimit
but 3538 could still hold on the hour...
did...that should be it for today...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 22 KB
Look Sharp/Trade Tight
  • #32,266
  • Nov 9, 2011 2:28pm Nov 9, 2011 2:28pm
Quoting PayTheLimit
that might not be a good thing...
lol...
  • #32,267
  • Nov 9, 2011 2:28pm Nov 9, 2011 2:28pm
Quoting gatorinla
take with a grain of salt.. but 3581/3608 looks doable. we never went to 3638.. the LL voided it. sometimes it still goes to it. the mirror image mid is 3535.. we did stumble there briefly before the current low.
Well, we did finally close above a previous swing high, albeit barely. 1.35538. But, just as soon as that happened, selling pressure has stepped back in again. Lets see if the 5m has any demand this time around.
  • #32,268
  • Nov 9, 2011 2:34pm Nov 9, 2011 2:34pm
mornin peeple, any action today? fade or rally on the close?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #32,269
  • Nov 9, 2011 2:35pm Nov 9, 2011 2:35pm
Quoting The Fool
mornin peeple, any action today? fade or rally on the close?
Hell if I know. I really hope we can get back to 3680 though.
  • #32,270
  • Nov 9, 2011 2:38pm Nov 9, 2011 2:38pm
Quoting PayTheLimit
did...that should be it for today...
My Quarterly and Monthly view for your reference as all these levels in text don't get mixed up on our future conversations ....

sisse
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Quarterly0911.png Size: 32 KB
Click to Enlarge Name: Monthly0911.png Size: 32 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,271
  • Nov 9, 2011 2:41pm Nov 9, 2011 2:41pm
Quoting Venice
Hell if I know. I really hope we can get back to 3680 though.
attempts at a e/u retrace lookin weak, I am trying to scalp short into a little wavelet top, could see after hours drift lower. Plenty o room for this turd below
"If The Fool persists in his Folly he will become wise." - William Blake
  • #32,272
  • Nov 9, 2011 2:43pm Nov 9, 2011 2:43pm
Quoting The Fool
attempts at a e/u retrace lookin weak, I am trying to scalp short into a little wavelet top, could see after hours drift lower. Plenty o room for this turd below
Yep. Sums it up well, Probably expect asia to pop it up a few times. I'm just looking for better places to sell this turd again.
  • #32,273
  • Nov 9, 2011 2:47pm Nov 9, 2011 2:47pm
Quoting sisse
My Quarterly and Monthly view for your reference as all these levels in text don't get mixed up on our future conversations ....

sisse
perfect, these will come in handy, thanks mate...

BTW, today's daily looks like a MIB...
Look Sharp/Trade Tight
  • #32,274
  • Nov 9, 2011 2:50pm Nov 9, 2011 2:50pm
Quoting The Fool
mornin peeple, any action today? fade or rally on the close?
Well my 2 cents will be to check the ES. Is fighting to hold daily S 1.223.xx for the close. A clean break daily will leave the door wide open for a clean continuation in the euro with support of stocks, gold and Treasuries. A failure there will give us some retrace overnight in my books...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,275
  • Nov 9, 2011 2:54pm Nov 9, 2011 2:54pm
Quoting PayTheLimit
perfect, these will come in handy, thanks mate...

BTW, today's daily looks like a MIB...
Sure. If it close below 1.361x (as it seems) it will engulf the range, broke the cluster (consolidation) and open the 10/10/2011 MIB.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,276
  • Nov 9, 2011 2:59pm Nov 9, 2011 2:59pm
Sigh, I missed the bag of crap on the wootoff I was really looking forward to snagging one of those.
  • #32,277
  • Nov 9, 2011 3:02pm Nov 9, 2011 3:02pm
PTL, what you make of AUD. Is a couple of ticks to open parity and beyond.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,278
  • Nov 9, 2011 3:06pm Nov 9, 2011 3:06pm
Quoting sisse
PTL, what you make of AUD. Is a couple of ticks to open parity and beyond.

sisse

indeed, I'm looking for 1.0048/69 now, will need to work on some levels latter to see what else is lurking..
Look Sharp/Trade Tight
  • #32,279
  • Nov 9, 2011 3:10pm Nov 9, 2011 3:10pm
Quoting PayTheLimit
indeed, I'm looking for 1.0048/69 now, will need to work on some levels latter to see what else is lurking..
Entry will be a bitch plus we have overnight reports that will make the play but out of my time. Also week almost closing tomorrow as most of Europe (except the UK) and US are closed on Friday...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,280
  • Nov 9, 2011 3:13pm Nov 9, 2011 3:13pm
Quoting sisse
A clean break daily
weak consol testing my patience, will be back for the AUD newstrade at teatime.

I don't see any answers in the blurbs for Italy. Could come after hours with the ratings or the IMF on stage. Usually when a ship goes down it takes a while, can be pretty noisy, rats swimming to whatever floats, but if she's loaded down real good, you blink you miss it. Nah that can't be Italy - they have all this...surely that will satisfy those pesky creditors?

http://msnbcmedia4.msn.com/j/MSNBC/C...p.grid-6x2.jpg
"If The Fool persists in his Folly he will become wise." - William Blake
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