12/09/2011 Intraday Watering

[newbie_77]

if we don't get a decent pull back lets say to 125.25 then we grind higher..

[StrikePrice]

We all knew that was coming....

[mac769]

Filled...let's go bears...beat on little bulls...damn it!

Short order in for $125.85...

I would bet on 126 according to my charts, but even this might be pre-mature, so better wait until the "turn-around" is here...

[heavenskrow]

Target! Cease fire! Hit the blue bar. We will likely hit the top, at 78%, and then go down. Dumped my long positions, back short to yesterday's lows.
A.

same time VXX hits support....

[mac769]

Filled...let's go bears...beat on little bulls...damn it!

Short order in for $125.85...

I would bet on 126 according to my charts, but even this might be pre-mature, so better wait until the "turn-around" is here...

as I said before, in a market like this "being early is most of the time being wrong"

and this can cost you dearly if you are not hedged

[Me XMan]

Was that the 2nd leg up and finished at $126.09?

Filled...let's go bears...beat on little bulls...damn it!

Short order in for $125.85...

I would bet on 126 according to my charts, but even this might be pre-mature, so better wait until the "turn-around" is here...

as I said before, in a market like this "being early is most of the time being wrong"

and this can cost you dearly if you are not hedged

[BullBear52x]

Resistance dead on 5 DMA and RSI indicates sideways action to come we move this high my RSI is not going any higher, my hope for Neg. D will have to wait awhile. going for a walk.

[Me XMan]

Noooo...don't leave me BB52X!

Resistance dead on 5 DMA and RSI indicates sideways action to come we move this high my RSI is not going any higher, my hope for Neg. D will have to wait awhile. going for a walk.

[Richarab]

Target! Cease fire! Hit the blue bar. We will likely hit the top, at 78%, and then go down. Dumped my long positions, back short to yesterday's lows.
A.

same time VXX hits support....

drink specials in trader vix....

[Cobra]

overshot, 2 bar reversal, let's see how this pullback goes, I think there should be one more push up at least after the pullback.

[99er]

Update

TNX http://99ercharts.blogspot.com/2011/12/tnx.html

Wolfe Wave here.

[heavenskrow]

Target! Cease fire! Hit the blue bar. We will likely hit the top, at 78%, and then go down. Dumped my long positions, back short to yesterday's lows.
A.

same time VXX hits support....

drink specials in trader vix....

Very tempting...I will check with the Europoean market closes to see if I can drink with you.

[mac769]

The "normally" very bullish crude seems to be petering out, even in fact of some justified geo-political problems in Syria and Iran...

This makes me think "HMMMMH" where will we go from here?

or as some people say:

"You can fool most of the people most of the time, but not all of the people all of the time"

[uempel]

Crucial for the timing of reversals with ellipses is the precision of the drawing. The last one I showed was not precise enough, sorry. Here a second go - and notice that a new reversal point is due very soon (this is a 5 min chart)

[Al_Dente]

PAGING Baron von DBV, again many thanks for DBV its very good I’m even watching it intraday for great clues
1 minute
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

http://www.youtube.com/watch?v=9IslXuqNW6k

[jarbo456]

The "normally" very bullish crude seems to be petering out, even in fact of some justified geo-political problems in Syria and Iran...

This makes me think "HMMMMH" where will we go from here?

or as some people say:

"You can fool most of the people most of the time, but not all of the people all of the time"

i'm long /cl mostly as a hedge against my shorts...but oil has been really nutty for the past day. by the law of inertia, this downleg should be two legged. however, there's already positive d forming on the hourly mac d. but on the daily, it took out the pretty important 53 RSI level. if it holds below that, then i'll close my longs, and consider a short. may be forming a lopsided double top. i do like that oil just went negative for the day, should confirm a strong pullback in equities.

[Me XMan]

Drop through $125...pleeeezzz

[newbie_77]

uempel,
so reversal point = @ this moment we are going up so the next direction will be down or;
will it be based on how we reached that point?

Crucial for the timing of reversals with ellipses is the precision of the drawing. The last one I showed was not precise enough, sorry. Here a second go - and notice that a new reversal point is due very soon (this is a 5 min chart)

SPXIII.png

[stucap]

Drop through $125...pleeeezzz

seriously, this is the saddest pullback i've ever seen...

[StrikePrice]

Out of my short. Keeping small long for now. Done for the day. Have a great weekend guys!