11/17/2011 Intraday Watering

[BullBear52x]

not a wave guy, just for fun.

[jarbo456]

descending wedge...just not sure how it'll resolve.

[EvilTrader]

SPY unable to break 121.3

Odds are we may fly to VWAP around 122.8

That would be a nice bounce !

market lesson # 8921 : If volatility is high and you don´t go down, you will probably go up.

[knock]

not a wave guy, just for fun.

can you advise what pattern this is? I try to learn how you come up with the pink dot.

[rpccharts]

LETS GO BEARS

[agnosia]

and STAY DOWN !

[Cobra]

not very good, could be a Descending Triangle in the forming. Let's wait.

[gabor]

OK, the low got tested, now we have 3 push down plus volume surge, let's see how rebound goes, then we'd know if the low was in.

I think the low will be in at around 1000, as you predicted months ago.

[cougar]

and STAY DOWN !

Good one ! LOL!

[MrMiyagi]

$TRIN creeping up to day high +4.24

[Mr. BachNut]

My intraday McClellan Oscillator check is nearing and oversold kind of level. The TRIN is also elevated. So, there is a case for a bounce (dead cat?) if things don't unravel.

[fehro]

Should we bounce near here... or the 50SMA at 1205... retest of the triangle, could act as possible shoulder.

[Apple]

not very good, could be a Descending Triangle in the forming. Let's wait.

http://www.guardian.co.uk/business/2011 ... sfeed=true

Seems like a lot more negative news pressure. Shouldn't someone remind him that he needs to resign

[MrMiyagi]

I say last hour of trading will see buying.

[BullBear52x]

not a wave guy, just for fun.

can you advise what pattern this is? I try to learn how you come up with the pink dot.

I will put it as 123 pattern and put target to a recent support, which now turns resistance.

[waverider]

Next leg down started?

Probably not, look at the strong rebound in QQQ. It just broke an important resistance channel trend line, strong bull bars. Looks a bit like a diamond bottom? Seeing some big traders moving in too.

NOPE! So far, nothing to brag about!
We need substance!

Substance now, horns poking above the EMA 20!

[jarbo456]

see...whatever triangle...we break to the upside.

[tdo722]

santa claus is finally here ladies and gents.

[Al_Dente]

out early
covered early

[BullBear52x]

LETS GO BEARS

this is good shit, LOL