12/19/2011 Intraday Watering

[Me XMan]

Dipsters: Don't get your fingers cutoff

[heavenskrow]

Here is the Russel... I covered TVIX when Russel hit support...
Of course if we break this, we could get some more bear porn tomorrow..... but im not here to gamble.....

Well played!!

thanks but not that great....TVIX broke resistance and blasting off again

[johnnywa]

Dead cat bounce no Santa Rally

[Me XMan]

Gotta tell that to the market

Santa got a flat and called in sick today and tomorrow

So now we've got the lower low - santa should arrive starting tomorrow IMO.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

TWO week santa rally starting tomorrow. Cover your short. One last flush today to 1190 - 1198 would be nice. We'll see. IMO

Put it back on in 2 weeks. IMO

[noob]

why the market holds here? Because it's 12/15 overnight low.

chances of santa rally starting here?

[Me XMan]

Shares in Bank of America have dipped below $5 to their lowest since the financial crisis in 2009.
Billionaire Warren Buffett spent $5bn on a stake in the bank in August, when shares were at $8.65. He is reportedly €1.5bn underwater on his stake. The shares have dipped to €4.93, meaning the bank's market cap has fallen below $50bn.


Europe Is Now Officially Bazooko's Circus - Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy

[Me XMan]

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

[Eagle_Eye]

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

Nope. This is the last flush. Market about to call an audible.

[SB73]

My perspective is that this market needs a gap down and reversal. Right now the morning gaps higher are leaving too much weakness. I have been sitting short for 5 days now...far longer than I would like, but have not seen any signs of panic selling (especially something overnight). I may lighten some of the position with a sell off before close, but right now I am not seeing any signs of capitulation rather Santa rally hope.

[TWT]

SPX: Follow up of the potential wave (C) of (Y) which should have a target in the range 1195-1190

[janez]

Here is the Russel... I covered TVIX when Russel hit support...
Of course if we break this, we could get some more bear porn tomorrow..... but im not here to gamble.....

Well played!!

thanks but not that great....TVIX broke resistance and blasting off again

Perhaps a trailing stop could have done the trick! Still, nice trade.

[Me XMan]

Market is smelling fishy over Eurozone.
One day you wake up and no more EURO.
Too bad.

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

Nope. This is the last flush. Market about to call an audible.

[waverider]

why the market holds here? Because it's 12/15 overnight low.

chances of santa rally starting here?

nope

[Eagle_Eye]

Bought TNA 39.56 for a swing.

[Me XMan]

CALLING SANTA!!!

[L_T]

Cobra what's the call for tomorrow given the probable red close?

[Eagle_Eye]

CALLING SANTA!!!

LOL

[DRL]

Shares in Bank of America have dipped below $5 to their lowest since the financial crisis in 2009.
Billionaire Warren Buffett spent $5bn on a stake in the bank in August, when shares were at $8.65. He is reportedly €1.5bn underwater on his stake. The shares have dipped to €4.93, meaning the bank's market cap has fallen below $50bn.


Europe Is Now Officially Bazooko's Circus - Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy

Don't feel too sorry for BRK. They got a sweetheart deal, not available to you and I:

"Despite the drop in the shares, Buffett, the chief executive of Berkshire Hathaway (BRKa.N), will easily profit from his investment. Under the terms of the deal, he has warrants to buy 700 million shares of common stock, priced at just over $7.14 per share with an unusually long 10-year exercise period.
In addition, Bank of America will also sell Berkshire 50,000 shares of cumulative perpetual preferred stock with a 6 percent annual dividend. The Dow component can buy back the investment at any time by paying Buffett a 5 percent premium."

[fehro]

Gap down tomorrow? followed by a very strong bounce?... or a giant failure to 1140?

[SB73]

Market is smelling fishy over Eurozone.
One day you wake up and no more EURO.
Too bad.

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

Nope. This is the last flush. Market about to call an audible.

Are you holding over night?