11/17/2011 Intraday Watering

[HighRev]

XLF and BKX doing surprisingly well.

[Richarab]

XLF and BKX doing surprisingly well.

VIX is not

[waverider]

XLF and BKX doing surprisingly well.

Yup, looks like China led us down this morning, now bull reversal.

[MrMiyagi]

Four musketeers

How do you get combined charts on Stockcharts Alfredo?

[agnosia]

ok now comes the time when late bears start shorting and shorting all the way back up to the bottom of the triangle... then BAM... turkey god surprise

[jarbo456]

is this when the great intraday reversal happens? we're testing S2 for the 2nd time on this "rebound".

aud/jpy being aggressively bought curling the macd into a possible bulish cross on the shorter time frame.
obviously, the same goes for eur/usd. it's been bought pretty much all day.

[fuddleduddle]

Side note: Nov 23rd super committee needs to issue a recommendation for $1.5 trillion in deficit reductions.

Should be an interesting ride next week when things suddenly sink in that a reduction of $1-1.5 trillion over 10 years will be useless at the rate the US is adding debt.

[Al_Dente]

XLF and BKX doing surprisingly well.

Hi Rev: u must be watching a different XLF and $BKX than I am ?
Or maybe u meant the reverse?

[pady]

If bears have any strength, 50% retrace is 1183 ( of 1075-1292 ). And you a real BEAR, then act normal and retrace to 61.8% ( 1153 ). 38.2% is 1209 ( chicken - not a bear ).

[uempel]

This is tricky, SPX has to make a strong reversal today otherwise the market will continue down...

[KENA]

FYI..We have the ma 50 and 1200 res to break on the dn.move thru and that may be hard.

[Richarab]

If bears have any strength, 50% retrace is 1183 ( of 1075-1292 ). And you a real BEAR, then act normal and retrace to 61.8% ( 1153 ). 38.2% is 1209 ( chicken - not a bear ).

i am growling here at Trader Vix.., "buy at sixty sell at eighty.." new song

[fehro]

H&S target met ( grey channel ).. now retest Triangle?... or a very weak bounce 1220-1230.. before we head down.. H&S v2 second chart

[pady]

Paging BullBear. You wanted 3 of 3 . Starting soon...

[HighRev]

XLF and BKX doing surprisingly well.

Hi Rev: u must be watching a different XLF and $BKX than I am ?
Or maybe u meant the reverse?

I was comparing to SOX.

Add: and keeping in mind that the financials *should* be one of the weakest sectors . . .

[MrMiyagi]

I think another bit of a leg down before rebound here.

[Buckethead]

Longs rest of the afternoon will be in for a tranny surprise

[pady]

Side note: Nov 23rd super committee needs to issue a recommendation for $1.5 trillion in deficit reductions.

Should be an interesting ride next week when things suddenly sink in that a reduction of $1-1.5 trillion over 10 years will be useless at the rate the US is adding debt.

Sad thing is there are going to be many suckers who might jump in that this is it. Good time to do a long trade and sell end of December.

[chodaboy19]

If bears have any strength, 50% retrace is 1183 ( of 1075-1292 ). And you a real BEAR, then act normal and retrace to 61.8% ( 1153 ). 38.2% is 1209 ( chicken - not a bear ).

i am growling here at Trader Vix.., "buy at sixty sell at eighty.." new song

Way too scary for me...

[EFA]

I think another bit of a leg down before rebound here.

Mr. M. are you buying any TNA?