Let’s Go Long – November 15, 2011

[Andrei]

Question: (Can someone post a max pain chart?)

http://leavittbrothers.com/blog/?p=5033

[nickola.pazderic]

From Andrei's link:

Overall Conclusion: The bears again placed bets to profit from a sell-off, and again, barring solid selling pressure the rest of the week, they will lose. Flat trading between now and Friday’s close would cause lots of pain. However, a slight move up would cause even more pain.

Luck be a Lady

[nickola.pazderic]

for what it is worth, a chart:


Attachment 11420Attachment 11420

[hgsfan]

Please excuse my ignorance but what does DPP stand for? thanks in advance

[hgsfan]

I take that DPP means Daily Pivot Point? Thanks in advance

for what it is worth, a chart:


Attachment 11421Attachment 11420Attachment 11420

[Billy]

I take that DPP means Daily Pivot Point? Thanks in advance

Yes, that's correct.
Billy

[nickola.pazderic]

Again, in the for what it is worth department.

[nickola.pazderic]

Resistance at DR2