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11/21/2011 Intraday Watering

Re: 11/21/2011 Intraday Watering

Postby Mr. BachNut » Mon Nov 21, 2011 11:18 am

Riding short position. Added one layer to pilot position last week upon sell signal. Would have added two (for full short position) but my sell price did not get hit Friday. As this week is typically bullish, I figured I would have an opportunity to get my price if Friday didn't execute. Now I am not so sure.
Intermediate trend is down IMO. I had been concerned about strength in the non-SPY/QQQ stocks, but today may break that down.
Planning on a squeezy bounce at some point as short term oversold is near. The August plunge initiated from an oversold condition though, so I don't rule out the possibility of things unraveling.
We shall see. Followed 99er's suggestion and have put my skis on...
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Re: 11/21/2011 Intraday Watering

Postby uempel » Mon Nov 21, 2011 11:19 am

I'm out on a stoploss or at 1199...
sss.png
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Re: 11/21/2011 Intraday Watering

Postby Me XMan » Mon Nov 21, 2011 11:20 am

YIKES!

99er wrote:Update

SPX http://99ercharts.blogspot.com/2011/11/spx_1209.html

Rock n' Roll!

Great day, eh?
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Re: 11/21/2011 Intraday Watering

Postby jimme » Mon Nov 21, 2011 11:21 am

Cobra,

Please setup a Paypal donation bucket so that I may show my appreciation for your work. Your site is very unique, and it causes me to make tons of money. I would like to share my good fortune with the causes. Thanks for your considerations and carry on.

jimme
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Re: 11/21/2011 Intraday Watering

Postby seeyou » Mon Nov 21, 2011 11:22 am

jimme wrote:Cobra,

Please setup a Paypal donation bucket so that I may show my appreciation for your work. Your site is very unique, and it causes me to make tons of money. I would like to share my good fortune with the causes. Thanks for your considerations and carry on.

jimme

count me in !!!!!!!!!!!!!!!!!!!!!!!!!!
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Re: 11/21/2011 Intraday Watering

Postby GreedyKojiro » Mon Nov 21, 2011 11:26 am

Cobra wrote:OR breakdown target, 80% chances, but I'm not sure. I just know the morning low will be revisited even we rebound from here and no turning back for the rest of the day.


I heard the Democrats and Republicans have agreed on a common plan. They are going to have a press conference to announce it in the next hour. We would see the market rebounding and no coming back :lol:
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Re: 11/21/2011 Intraday Watering

Postby CMT » Mon Nov 21, 2011 11:26 am

jimme wrote:Cobra,

Please setup a Paypal donation bucket so that I may show my appreciation for your work. Your site is very unique, and it causes me to make tons of money. I would like to share my good fortune with the causes. Thanks for your considerations and carry on.

jimme


I was just scouring the site looking for a donate button, no reason for you to bear any cost when we can all contribute!
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Re: 11/21/2011 Intraday Watering

Postby alphahorn » Mon Nov 21, 2011 11:27 am

been a nice run down from the top
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Re: 11/21/2011 Intraday Watering

Postby alvian33 » Mon Nov 21, 2011 11:33 am

no rebound, damn it :|
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Re: 11/21/2011 Intraday Watering

Postby fehro » Mon Nov 21, 2011 11:36 am

will it hold... or break .. with a quick tag of 1176ish... mid grey channel.. and blue triangle target.
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Re: 11/21/2011 Intraday Watering

Postby agnosia » Mon Nov 21, 2011 11:37 am

alvian33 wrote:no rebound, damn it :|


patience grasshopper :) we're at the bottom of the channel. i would be very surprised if we don't have a bounce near these levels. first they might take out stops for the morning?
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Re: 11/21/2011 Intraday Watering

Postby Me XMan » Mon Nov 21, 2011 11:38 am

I wouldn't dip my fingers in just yet...

alvian33 wrote:no rebound, damn it :|
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Re: 11/21/2011 Intraday Watering

Postby Me XMan » Mon Nov 21, 2011 11:39 am

1150 may be next

fehro wrote:will it hold... or break .. with a quick tag of 1176ish... mid grey channel.. and blue triangle target.
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Re: 11/21/2011 Intraday Watering

Postby agnosia » Mon Nov 21, 2011 11:39 am

long crude 95.55.. the 200 sma ... lets see if it holds.
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Re: 11/21/2011 Intraday Watering

Postby soku » Mon Nov 21, 2011 11:39 am

soku wrote:1 more thing. i did some research on the correlation between es and gc. in extremely, they tend to go in the same direction. only cash is king. w/o downgrade risk, bonds the closest cousin of cash is fine too.

well, i really don't want to spread the panic, but rumor says US may be downgraded again. god bless
The goal is not uniformity. It is understanding and idea exchange.
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Re: 11/21/2011 Intraday Watering

Postby alvian33 » Mon Nov 21, 2011 11:39 am

agnosia wrote:
alvian33 wrote:no rebound, damn it :|


patience grasshopper :) we're at the bottom of the channel. i would be very surprised if we don't have a bounce near these levels. first they might take out stops for the morning?


haha, I just got burned a bit this morning, but still holding my other half let's see...
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Re: 11/21/2011 Intraday Watering

Postby tdo722 » Mon Nov 21, 2011 11:41 am

50% retracement from Oct 4th rally. Who dares want to go long? I am so tempted but scared.
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Re: 11/21/2011 Intraday Watering

Postby CognitiveDissonance » Mon Nov 21, 2011 11:44 am

agnosia wrote:long crude 95.55.. the 200 sma ... lets see if it holds.



Thanks for the floor trader movie links, just finished it - very interesting.
@cognitivebias1
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Re: 11/21/2011 Intraday Watering

Postby tdo722 » Mon Nov 21, 2011 11:44 am

whoever shorted from 1292 and hold it until now has become bill gates.
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Re: 11/21/2011 Intraday Watering

Postby TWT » Mon Nov 21, 2011 11:45 am

SPX a potential count
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