12/21/2011 Intraday Watering

[spark]

Zerohedge reports;
Just hitting the tape are these quite perplexing headlines out of Bloomberg:

Did S&P Just Telegraph An Imminent French Downgrade?

[99er]

Ready skiers?

SPX http://99ercharts.blogspot.com/2011/12/spx_9938.html

It's show time!

And a roll of the dice:

http://www.youtube.com/watch?v=-5MfBAwm ... AAAAAAAAAg

[janez]

out GS long.

[BullBear52x]

What do you see? left or right chart? I play the left.

[tdo722]

out GS long.

damn scalper.

[Cobra]

the rebound is stronger than the morning rebound, so high likely 2 legged at least, I mean more up should be.

[lqiantobe]

Corba, so it's already 3 push down and turns to be up?

[tdo722]

both usd and stock rally at the same time under 5min. this is sweet.

[waverider]

out GS long.

Why? Still looks quite bullish

[Cobra]

Corba, so it's already 3 push down and turns to be up?

Yes. It's 2 leg up now. not sure if the 1st leg finished yet.

[Al_Dente]

PAGING AL DENTE
Do not fight the internals dude, they are smarter than you, got it?
Remember: green means go/bull, red means stop/bear, blue means failed, pink means wait-and-see or WTF
Keep it simple, when in doubt go with cobra or sit it out
Note: there are a lot of >1 million volume spikes today on the 1 min

http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Cobra]

by the way, don't get too bullish here. it's still SPY leads the charge with QQQ lags a lot. and we retailers are buying lots of calls (for santa rally I guess).

[janez]

out GS long.

Why? Still looks quite bullish

true. got lazy.

[MrMiyagi]

Haven't been following closely lately but I think this is it for the Santa Rally, maybe a small move up here but by the end of the week probably start heading lower for the New Year.

[Al_Dente]

PAGING any accountants/CPAs on board
Trying to figure out year end tax-loss-selling dates.
Sellers will need to sell by Dec _____ in order for the trade to settle by the last day of the year for tax right off.
(PS: normally an answer that begins with “I’m guessing that…” works just fine, but not on this one please.)

http://www.youtube.com/watch?v=bU-NfNzZ ... re=related

[TWT]

OIL : We have a potential Double ZZ completed

In addition the structure of the up leg off Monday´s lod has an impulsive look, therefore the odds that price has completed the correction off the November´s high are large as long as price maintains the sequence of impulse up legs and corrective down legs.

If the correction is over then it would be a wave (B) which should be followed by a wave (C) up with a target in the range = 109.72-120.25

If this scenario pan out, given the positive correlation with equities, then SPX should unfold a bullish pattern (triangle or impulsive/ending diagonal wave C) that will "drive" price back towards the summers highs

[tdo722]

PAGING any accountants/CPAs on board
Trying to figure out year end tax-loss-selling dates.
Sellers will need to sell by Dec _____ in order for the trade to settle by the last day of the year for tax right off.
(PS: normally an answer that begins with “I’m guessing that…” works just fine, but not on this one please.)

http://www.youtube.com/watch?v=bU-NfNzZ ... re=related

Turquoise oooh la la

[noob]

by the way, don't get too bullish here. it's still SPY leads the charge with QQQ lags a lot. and we retailers are buying lots of calls (for santa rally I guess).

1.png

2.png

Well ORCL is dragging down the Qs. Sorry to be so dumb again, but you are talking about intraday right?

[BullBear52x]

I gave up on bear side, vix just got smack down again.

[Cobra]

now the 2nd leg up. 100% Measured Move target.