11/16/2011 Intraday Watering

[chodaboy19]

"Trading in Micron and Rambus shares halted"

[BullBear52x]

great any idea regarding the target of this down move

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.

[agnosia]

covered 101.85 for another +1 today in crude .. i am ready to take a vacation

[Me XMan]

Oh F*@#!

[waverider]

TZA new HOD, lol... Just exited TZA yaaay! Good luck all, thanks for the analysis Cobra.

[Cobra]

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.

[99er]

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.

[dcurban1]

VIX above 32 again

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

Check out BAC, just broke $6 on the downside.

[jarbo456]

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.

[EvilTrader]

I love this market.

[kaiboliu]

anyone holding short over night?

[rpccharts]

ERY EDZ took spike profits going to cash for AM

[TWT]

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

[Cobra]

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.

[KENA]

We are a lot closer to 1220 now then 1280 for break out.Stay hedged everyone.

[Dow Trader]

[pady]

123.8-124 is the triangle bottom line. Crucial for bears.

[Mr. BachNut]

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.

[mozart]

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.

[dcurban1]

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.