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11/16/2011 Intraday Watering

Re: 11/16/2011 Intraday Watering

Postby chodaboy19 » Wed Nov 16, 2011 4:34 pm

"Trading in Micron and Rambus shares halted"
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Re: 11/16/2011 Intraday Watering

Postby BullBear52x » Wed Nov 16, 2011 4:34 pm

newbie_77 wrote:great :D any idea regarding the target of this down move :D

BullBear52x wrote:This floor is getting old, it need remodel.

For swing trade I will use Fib extensions as a guide for now. 120 is in the card. doesn't mean it will but it's in the card.
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Re: 11/16/2011 Intraday Watering

Postby agnosia » Wed Nov 16, 2011 4:34 pm

covered 101.85 for another +1 today in crude .. i am ready to take a vacation :)
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Re: 11/16/2011 Intraday Watering

Postby Me XMan » Wed Nov 16, 2011 4:35 pm

Oh F*@#! :twisted:
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Re: 11/16/2011 Intraday Watering

Postby waverider » Wed Nov 16, 2011 4:35 pm

TZA new HOD, lol... Just exited TZA yaaay! Good luck all, thanks for the analysis Cobra.
Last edited by waverider on Wed Nov 16, 2011 4:37 pm, edited 2 times in total.
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Re: 11/16/2011 Intraday Watering

Postby Cobra » Wed Nov 16, 2011 4:35 pm

I think this is the exhaustion bar, so we might see a consolidation here, then we'll see. the feeling still is game over for bulls.
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Re: 11/16/2011 Intraday Watering

Postby 99er » Wed Nov 16, 2011 4:36 pm

And here's Honey skiing today.

http://www.youtube.com/watch?v=6LCui2jqng0

And the team http://www.youtube.com/watch?v=Gy1MNJYQ6PA

Have a good one.
Last edited by 99er on Wed Nov 16, 2011 4:41 pm, edited 2 times in total.
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Re: 11/16/2011 Intraday Watering

Postby dcurban1 » Wed Nov 16, 2011 4:38 pm

chodaboy19 wrote:VIX above 32 again

Well I got my charts for tomorrow all ready to go.

Check out BAC, just broke $6 on the downside.
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Re: 11/16/2011 Intraday Watering

Postby jarbo456 » Wed Nov 16, 2011 4:39 pm

still looks it's well within the triangle though. i don't count the bulls out quite yet.

that's cuz i'm a scared bear.
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Re: 11/16/2011 Intraday Watering

Postby EvilTrader » Wed Nov 16, 2011 4:39 pm

I love this market. :lol:
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Re: 11/16/2011 Intraday Watering

Postby kaiboliu » Wed Nov 16, 2011 4:41 pm

anyone holding short over night?
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Re: 11/16/2011 Intraday Watering

Postby rpccharts » Wed Nov 16, 2011 4:42 pm

ERY EDZ took spike profits going to cash for AM :lol:
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Re: 11/16/2011 Intraday Watering

Postby TWT » Wed Nov 16, 2011 4:43 pm

This triangle if it is the correct one it will be a bullish trap.

It would delay the resumption of the up trend since it would need a wave (C) down first
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Re: 11/16/2011 Intraday Watering

Postby Cobra » Wed Nov 16, 2011 4:43 pm

pause as I said, but if no sharp rebound here instead of just a consolidation or small rebound, then I'm afraid, there's more and in case gap down again tomorrow, then better not to hope we have sharp reversal again, after all prime ministers are limited.
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Re: 11/16/2011 Intraday Watering

Postby KENA » Wed Nov 16, 2011 4:44 pm

We are a lot closer to 1220 now then 1280 for break out.Stay hedged everyone.
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Re: 11/16/2011 Intraday Watering

Postby Dow Trader » Wed Nov 16, 2011 4:45 pm

8-)
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Re: 11/16/2011 Intraday Watering

Postby pady » Wed Nov 16, 2011 4:45 pm

123.8-124 is the triangle bottom line. Crucial for bears.
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Re: 11/16/2011 Intraday Watering

Postby Mr. BachNut » Wed Nov 16, 2011 4:46 pm

We'll see where it closes, but XLF showing a clean break on a Descending Triangle. The financials obviously didn't get the memo about the bullish symetrical triangle.
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Re: 11/16/2011 Intraday Watering

Postby mozart » Wed Nov 16, 2011 4:49 pm

kaiboliu wrote:anyone holding short over night?

Exited my short on Silver, I anticipate that we might see bounce tomorrow.
Dow just reversed on high volume.
Not holding any position overnight.
Just another opinion.
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Re: 11/16/2011 Intraday Watering

Postby dcurban1 » Wed Nov 16, 2011 4:49 pm

Cobra wrote:pause as I said, but if no sharp rebound here instead of just a consolidation or small rebound, then I'm afraid, there's more and in case gap down again tomorrow, then better not to hope we have sharp reversal again, after all prime ministers are limited.


I agree. Op ex is Friday and if anyone goes underwater they may just liquidate further exasperating the selling.
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