11/22/2011 Intraday Watering

[Me XMan]

Thanks.

Can someone give me a 2nd opinion on SODA chart? Thks.

I think it's bottom out and in consolidation mode to move up.

not a bad counter trend here.

[Me XMan]

I believe she comes on Wednesday.

Is that where Turkey God sits?

little resistance here we should look up to the pink ball.

The turkey god late again, this time she's better move on.

[Buckethead]

Shakeout in the afternoon and late rally and/or up Wednesday.
They're not gonna make this easy for all you freebie longs

[Mr. BachNut]

Random opinion: If the bulls can't close the gap at SPY 122 with a light volume holiday short squeeze,it will mean things are really bad.

[MrMiyagi]

Momentum stalling..

[Dow Trader]

Bulls needs to make this pattern invalide because if this pattern is correct, then down we go again for below 1180

[deeko]

TBT ain't buying this move up.

Neither is TLT.

I'm not buying it either. I suspect we retest the lows of today.

I don't know about just retesting. If we go down there again, we are going down more. I personally hope we won't, and bulls are in good shape if we stay above approx 1190.

Good points, and I agree that if we hold 1185, then the bulls have a tenuous hold in the very near-term. That said, headlines are driving the markets, and not technicals. I also submit that the bond market has spoken, and things in Europe are not improving. French yields are soaring and nobody believes that they are a AAA rated country. This will weigh on the markets in the coming weeks.

[tdo722]

Shakeout in the afternoon and late rally and/or up Wednesday.
They're not gonna make this easy for all you freebie longs

Thanks for reminding me. I just adjusted my stop loss to 1181.65. Bought at 1183. I am willing to lose all profit as of now to bet this wave up.

On second thought, 1/3 out for now. 2/3 runaway.

[tomsky]

it was invalidated because broked down the range area defined by 15-20. This is an alternate but will be valid only if we rebound up to form the 27 wave.

Cobra and others:

Can someone please comment on the Three Peaks and Dome technical set up. Has it been eliminated by yesterday's drop? If not, at what point is it invalidated. Thanks all.....love this forum!

LE: One more thing to add: I didn't liked this scenario because the 11-14 range area is not defined, doesn't look like a consolidation to me.

[Cobra]

pullback is a little large, so here's the evil plan. let's see.

[Dow Trader]

Channel update

[MrMiyagi]

The orange shaded area; measured move?

[Buckethead]

Too many index call buying today for measly +1.00 on ES. Everyone smoking the rally hope-ium pipe. I believe we can rally if these bandwagonners are shaken some this afternoon.

[tdo722]

sold all longs. ABC move up is over folks.

[Dow Trader]

Now chart for the bulls, some hopes in MACD

[BullBear52x]

Cobra and others:

Can someone please comment on the Three Peaks and Dome technical set up. Has it been eliminated by yesterday's drop? If not, at what point is it invalidated. Thanks all.....love this forum!

If you referred to the tech book, well, I will not go there. I look at the point 10 and 28 as new starting point if it will. here my point 6 could be the 1.

[HighRev]

Amazing. The IMF news came across the wire just minutes after the /es hit its 50% retrace of the move off of its Oct. 4th low to the tick!

[Me XMan]

Not yet. We still have Turkey God coming

sold all longs. ABC move up is over folks.

[MrMiyagi]

Bold prediction of the day; SPY closes 119.14$

Turkey God is dead.

[BullBear52x]

for Bulls look at my MACD support and resistance line, an IHS is still possible. this could simply be a bear trap.