11/22/2011 Intraday Watering

[HighRev]

Amazing. The IMF news came across the wire just minutes after the /es hit its 50% retrace of the move off of its Oct. 4th low to the tick!

Well planed wouldn't you say..This happens quite a bit.

And certainly something to keep a close eye on as a failure at this point would be megabearish IMO.

[Dow Trader]

lowered the entry buy stop to 1189.00

[PRI]

Notice that the $VIX has dropped below the trendline from its 10/31/11 low.

[mac769]

Dollar can't pass trendline resistance. If it passes that stupid trendline resistance then the stock market is toast. Bond on the other hand is hovering above that trendline hanging out there waiting for the buddy usd.

... who do you think has an imminent interest in not letting the EUR/USD getting out of control?

... but then who buys the USD when the printing press is already running hot ...

[StrikePrice]

VXX backs up Evil Plan. I'll wait on how this goes BEFORE getting more Long SPY.

[Me XMan]

NOOOOOO!
LEAVE OUR TURKEY GOD ALONE!

Bold prediction of the day; SPY closes 119.14$

Turkey God is dead.

[mac769]

Updates

Copper http://99ercharts.blogspot.com/2011/11/copper_22.html
Crude http://99ercharts.blogspot.com/2011/11/crude_22.html

thanks for the nice charts, I think copper is toast for some time

[Dow Trader]

no trade yet but I have a buy stop at 1191.25 and waiting for adjustment

You're talking about spx or /es

ES

So we need a green bar that has a low above 1190.25 correct? I'm confused about this low risk setup. Can you draw up something? Thanks much.

example .. also you can wait for the above the green but both methods will work perfectly, keep in mind that this kind of trade is only good for futures because you have to follow it if you stopped out until you have your target

[MrMiyagi]

NOOOOOO!
LEAVE OUR TURKEY GOD ALONE!

Bold prediction of the day; SPY closes 119.14$

Turkey God is dead.

It's Tuesday, the bird is defrosting, thawed on Wednesday, cooked on Thursday, leftovers on Friday.

[PRI]

VXX backs up Evil Plan. I'll wait on how this goes BEFORE getting more Long SPY.

Notice my post above. $VIX - not the futures broke and has stayed below the same lower trendline since earlier today...

[fehro]

Invs H&S, a little lower channel retest? then a break out up? target 1213

[Algyros]

Cobra,

Am I right in assuming that if the SPY closes in the red today, the CIS will go short?

As always, thanks for all your tireless work.

[MrMiyagi]

Coming up to last hour, stuck in a comatose range.
I still say lower close.

[Dow Trader]

stopped and waiting for another signal ( same method )

[tdo722]

this market so gay.

[MrMiyagi]

Bye Bye Spy

[SB73]

Lots of positive divergences setting up. Expecting doji close with gap higher, but holding core shorts only because index is very weak.

[BullBear52x]

so much of a turkey, I am out the here.

[Me XMan]

Now it's time to go long

so much of a turkey, I am out the here.

[jessyjamz]

ya, whipsaw, no real direction