11/22/2011 Intraday Watering

[MrMiyagi]

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

This market is one legged as in a cripple.

[EvilTrader]

120 again today ?

what an intraday roller-coaster !

never enough to repeat the trader's mantra #2983 :

"Bull make money, Bear make money, Pigs get slaughtered"

[Cobra]

so far still look like a consolidation (before continuing down) to me. We need a strong rebound.

[HighRev]

Zerohedge says it's "enough to fund Italy and Spain for... two months". http://www.zerohedge.com/news/uncle-sam ... t-facility

But that's using the 500% 6 month liquidity line as a basis for TD's calculations.

RANsquawk also reports a new credit line that can be used under a 12 to 24 month arrangement with access up to 1000% of cuota.

In any event, using Zerohedge's worst case scenario "half life", it looks like Santa may be on his way.

[pady]

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

xxx.png

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

[juankim]

some good news?

According to Zerohedge,,,,

Uncle Sam To The Rescue: IMF Creates New European Bail Out Facility, The "Precautionary And Flexible Credit Lines"

Quickly losing steam though...

[Unique]

Quite disappointed that you advanced traders missed that rebound..

[Me XMan]

WHERE'S THE BAZOOKA?

some good news?

According to Zerohedge,,,,

Uncle Sam To The Rescue: IMF Creates New European Bail Out Facility, The "Precautionary And Flexible Credit Lines"

Quickly losing steam though...

[MrMiyagi]

Aaaaaaannnnnnnnnnnd... rebound done. Lower low here it come.

[Dow Trader]

We still in the down trending channel

[Al_Dente]

Wow, my last intraday update today GLTA
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

[dcurban1]

Zerohedge says it's "enough to fund Italy and Spain for... two months". http://www.zerohedge.com/news/uncle-sam ... t-facility

But that's using the 500% 6 month liquidity line as a basis for TD's calculations.

RANsquawk also reports a new credit line that can be used under a 12 to 24 month arrangement with access up to 1000% of cuota.

2 months is not going to solve these problems.

1000% of quota? Who is managing the risk profile here?

[MrMiyagi]

I say below 119$ by 12:36EST, half an hour later in Newfoundland.

[pady]

seekingalpha latest - " If the IMF news sounds familiar, that's because it was essentially agreed to 3 weeks ago at the G-20 meeting in Cannes. From the FT on November 3."

LOL...

[pady]

@Strike - That completes the flat/irregular triangle ???

[BullBear52x]

Wow, my last intraday update today GLTA
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

no buy today? Turkey god is a little late, but will be here soon.

[chodaboy19]

Wow, my last intraday update today GLTA
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

no buy today? Turkey god is a little late, but will be here soon.

I'm waiting... hehe

[alvian33]

may be H&S forming on /es with the break to the upside?

[fehro]

indicators showing strength

[Me XMan]

Market is making right shoulder for IHS...