11/22/2011 Intraday Watering

[tdo722]

We need another 15 minute candle outside the downtrend channel from Nov. 16th and we are home free to at least spx 1205.

[SB73]

A move this strong is rarely one legged...that is what the master taught me and I am taking advantage of a long.

Added on touch of the EMA 20. As this is a counter trend trade the stop is tight. As a whole, the trend is down and the core short position is still in tact.

[MrMiyagi]

indicators showing strength

Indicators have been showing oversold for a few days. I think it is almost at a point where everyone is going to give up on the Bull and sell which will make the turning pivot to 1300 (ok not 1300 but 1220).

[Seawaves]

mimic of daily SPX
http://3.bp.blogspot.com/-HDd0FUJGa6Q/T ... 2_2011.jpg

[tdo722]

please don't sideway on me bulls, please don't.

[jaijailyc]

a little more consolidation here and we can possibly make new highs of the day

[BullBear52x]

Bullish pitch fork,I am not buying in just yet.

[Rip Van Trader]

I love these tales of bankerly derring-do.

[Me XMan]

If bulls can close today in green, we're off to the races Wednesday.
That's the day I'll close long and go short.

please don't sideway on me bulls, please don't.

[rpccharts]

Egan Jones With Latest Jefferies Shocker: "Unsustainable... We Will Cut Without A Major Deleveraging" http://t.co/9A2eVjP3” - How many hedge funds using 400x leverage ready to go belly up?

[dcurban1]

Failed bond auction in Latvia and 2 banks go belly up.

http://blogs.ft.com/beyond-brics/2011/1 ... z1eSMl9qKu

[BullBear52x]

Cup and handle, man all kinds of bull tracks.

[Cobra]

more up I guess.

[pidge66]

more up I guess.

h2 long off ma.

[MrMiyagi]

Failed bond auction in Latvia and 2 banks go belly up.

Latvia? It still exists?

[99er]

Updates

NDX http://99ercharts.blogspot.com/2011/11/ndx_22.html
RUT http://99ercharts.blogspot.com/2011/11/rut_22.html

The grocery store is busier than this market.

[Cobra]

target. I don't believe this target, I just mean more up.

[MrMiyagi]

I think my screen is broken, it is showing green Nasdaq and S&P.

[Me XMan]

Give me one shoot up and BAMM! we're off to the races

target. I don't believe this target, I just mean more up.

[uempel]

The outer shell of an ellipse gives a signal - this one was perfect:

The attachment xxx.png is no longer available

When you have so many ellipses, wouldnt any bounce be caught ? Just kidding. Can you tell me what this trading method is ?

Check crosshairs and shell of each ellipse, mathematical formula locked up at GS