11/08/2011 Intraday Watering

[BullBear52x]

Sorry bears, wait for new set up, this is the price to pay when trying to nail the top good risk reward zone, so far the risk is out weight the reward for the counter trend bears, but the action we see here bulls trying to take out 200DMA I just don't buy it, but that doesn't mean it will no happen.

[tdo722]

Entering small TZA position here.

haha, too early my friend. i am waiting for new hod.

[hdenandy]

Exactly what the market wanted.

Forget all your technical indicators.

1300 on the SPX within a couple of days is now a certainty.

[agnosia]

ok guys, hold on we're headed for 1280.75.. probably overnight move with europe leading the way. i am holding all /es longs.

[jarbo456]

first of all, euro is being bought like it's the second coming of Jesus Christ (on the shorter time frame at least - i'm watching 3 minute charts intraday)....

secondly, can someone smarter than me explain why the market is cheering political disorder in countries that need stability the most - aka Greece, Italy, who's next?

[Cobra]

challenge the high as I said. we have another new PM?

[easycomeeasygo]

Told yeah they were going to defend 1257 and that the recovery rally was on the fed

Now that we have tried to close below 1257 3 times, tomorrow will be the charm we now have solid devergance on the 60 min and 15 min strength on the 5 min was weak shorts covering. I would sell the close


Easy

[MrMiyagi]

[dcurban1]

ZH headline - Silvio to resign AFTER austerity budget approval - 2012 budget approval.

ummm...call me an idiot, but isn't this exactly the crux of the problem...aka the reason why they're calling for his resignation to begin with?

the bullshit can't even get creative now...

There is a lot more under the surface. Lots. The only reason he has survived so long is because the opposition is a complete mess.

[Apple]

first of all, euro is being bought like it's the second coming of Jesus Christ (on the shorter time frame at least - i'm watching 3 minute charts intraday)....

secondly, can someone smarter than me explain why the market is cheering political disorder in countries that need stability the most - aka Greece, Italy, who's next?

France, then Germany

[BullBear52x]

Exactly what the market wanted.

Forget all your technical indicators.

1300 on the SPX within a couple of days is now a certainty.

This is very helpful, you come to TA board and telling everyone throw out what they do here? hmmmm I think I waste my time after all these years.

[Me XMan]

HAHAHAHAHA !!!!

ZH headline - Silvio to resign AFTER austerity budget approval - 2012 budget approval.

ummm...call me an idiot, but isn't this exactly the crux of the problem...aka the reason why they're calling for his resignation to begin with?

the bullshit can't even get creative now...

[SB73]

Thought I had a good short setup and got chopped off at the knees. Break even for the day....too much work to go break even.

[uempel]

Red ellipses keep pushing SPX back down...

[HappyFriday]

challenge the high as I said. we have another new PM?

Market will be on fire, and the DOW should be up 300 points today !
Oh yea ! Berlusconi resigns !

[dcurban1]

first of all, euro is being bought like it's the second coming of Jesus Christ (on the shorter time frame at least - i'm watching 3 minute charts intraday)....

secondly, can someone smarter than me explain why the market is cheering political disorder in countries that need stability the most - aka Greece, Italy, who's next?

It is more of a play on who is in power.

They believe that the Greek PM was a mess and the last week proved that.

In terms of Italy, Berluscolini was a mess. There is a wiki page devoted to the numerous trials which he survived.

[qtipped]

this market is owned by the europeans....it's dependent on one person each week...ridiculouso!

[99er]

Silvio's last erection?

SPX http://99ercharts.blogspot.com/2011/11/spx_3575.html

Ciao Belo.

[Buckethead]

I am short Gold and Silver GLD, SLV.

[agnosia]

guys who cares about the news, just trade what you see and know. stocks go up into the holidays and any excuse to do so will make it happen. trade accordingly.