11/01/2011 Intraday Watering

[Me XMan]

When are you gonna get the bulls out of back of woodshed?

BENNNNNYYYY WHERE ARE YOU???

L2 short, no good for bulls.

[SB73]

Might be a descending triangle. Disclosure I have close 40% of shorts.

[Me XMan]

72 days of marriage...longer than Britney S...

I cannot believe Kim Kardashian's divorce announcement could cause such a collapse in the markets........troubling times.

[StrikePrice]

New lows on SPX and Dow but Euro is still in bounce mode and bonds have not made new highs. Favours a bounce this afternoon.

VIX/TVIX has made a new high though. so it's a bit of a mixed bag.

Hey Guys. Been away on business. Closed short at 1216. I agree after lower low on SPX we are winding up for a bounce this afternoon. My count would put us in Wave 4 correcting up for the bounce. Wave 2 was a Double Combination (Zig-Zag to Triangle) so good chance we alternate with a Zig-Zag and retrace to 1,235 for the A and 1251 for the C (and close the Gap).

On the flip side if SPX breaks the current low at 1215.57 it's likely we've completed Wave as a Running Flat and we're now in Wave 3 of 5 aiming for either the 1187 or 1203 pivots. So if we break above 1227 I'm long and if we break below 1215 I'm short.

[jarbo456]

Might be a descending triangle. Disclosure I have close 40% of shorts.

descending triangle, agreed. however, there are incidences where it breaks to the upside. seems like more room on the upside then the downside at this point. might cover my puts (after MANY WEEKS), without a LOD.

[stockcycle]

Any one has a story to tell about a beggar who is going to demand the donors?
Where a beggar can find his foods if all donors turn their back to him?
Hopefully that the Greece’ referendum idea is a result of the mad and simply it will not happen and the calm will be back to the markets.

[Netrom]

have a limet buy ordre at 2275 Nas100 right at the 200ma on the 60min chart, SL at 2262 fore a afternone bounce.

[Cobra]

descending triangle. no good for bulls.

[Cobra]

key time. bulls need pray a strong rebound here.

[standard_and_poor]

1218.69 spx this morning may have been the end of an irregular abc flat.
http://standardpoor.wordpress.com

[SigmaEcho]

key time. bulls need pray a strong rebound here.

bulls have imagination

[Netrom]

key time. bulls need pray a strong rebound here.

i think it will come after sharp sellof, then bounse

[Me XMan]

I think the bulls will get relieved from today's spanking

key time. bulls need pray a strong rebound here.

[StrikePrice]

1218.69 spx this morning may have been the end of an irregular abc flat.
http://standardpoor.wordpress.com

What label goes on the lower low at 1215.57 then?

[BullBear52x]

Don't feel good for Buy the dipers, remember a Cluster Island Reversal return is 5-8% by that static.

[cougar]

Today one can detect a reliable partition between “strong stocks” and “junk“:
Strong stocks bounced and stay there, while junk did not bounce and some of them trade now even lower…

[cougar]

I hope that bulls don’t pray in Spanish…The matador might show up !

[Cobra]

the 3rd touch, the low might not hold this time.

[waverider]

If LOD breaks down, are people holding shorts into the close?

[keesa]

If LOD breaks down, are people holding shorts into the close?

definitely, wait for the panicking finale