12/16/2011 Intraday Watering

[noob]

OK, rebound before hitting the double top target. I'm not sure if the market wants to drop anymore, judging by AUDJPY and XIU.To, after all it's OE day.

Maybe double bottom in the forming =). OE day is wacky.

[stucap]

OK, rebound before hitting the double top target. I'm not sure if the market wants to drop anymore, judging by AUDJPY and XIU.To, after all it's OE day.

if it doesn't drop then it must go up, no? only at 3pm though, that's the rule right? money's free if you're long at three?

failed on the 2nd try on the low, so bears must be careful now.

Another bearish MACD cross turns into a buy signal. Bears are screwed.

[BullBear52x]

Bear flag at this juncture you don't want to leave your position open unattended. Top wedge blue line will help the bulls a little today if breaks out.

[Anaconda]

....yes, they are, for the short term.

[Cobra]

target. I said bears must be careful, this is for intraday only of course.

[mac769]

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_6480.html

Hungry bears gonna try again.

Need some more hungry bears to join the party --- volume is piss poor right now at support.

+


The chart of RSP with a negative TRIX and deteriorating OBV does not look very good imho, but maybe this is not the "desired outcome" for the day...

[BullBear52x]

my internal got flashing buy, what????? I will have to lighten up my shorts. before close today.

[stucap]

my internal got flashing buy, what????? I will have to lighten up my shorts. before close today.

bulls are holding support, zero sellers at the lows......if it wasn't witching day we'd be in blast off mode right now.....

[BullBear52x]

Bears need to pray for new LOD.

[uempel]

Bye guys, have a great weekend

[Al_Dente]

Internals
SSO….SSO here
One day only
http://stockcharts.com/h-sc/ui?s=SSO&p= ... listNum=15

[stucap]

Bears need to pray for new LOD.

I AGREE. Posted that a few hours ago i think. Bears need a miracle.

[heavenskrow]

VXX breaks support

[uempel]

well....anyone holding long or short over the weekend?

Unless drastic move last 1.5 I'm holding short.

Short term it's roulette... More fun in Monte Carlo, there you can play with sleek girls, Chinese mafiosi, Albanian gangsters, Russian oil magnates and US - yeah, who's there from the US?

[Tabby]

Bored?

Fifty Facts

http://www.zerohedge.com/news/50-econom ... zy-believe

ZH must be one heck of Rupublican crook or EVIL clown or both.

[FinancePhD]

I sense there might be a gap up next Monday or Tuesday. The big money are preparing something...

FYI, OECD president is urging ECB to reward those countries that pass the austerity plan. I believe some political game is going on under table in Europe.

1. If German want to lead the Europe again, they need stick + carrot policy to let others bow. We see Merkel's stick but did we see the true carrot yet?

2. If German doesn't have any promise to those PIIGS, will they stay so calm under the pressure of further downgrade? Why no PM or President from PIIGS jump out and blame the stubborn of Merkel & the crucial heart of rating agencies?

3. Competitive devaluation (or the printing of money) between countries will start soon. India started to do it, China (rumor) will start to do it. German will have no edge in exporting any more if they don't catch up with the printing game.

Anyway, I guess next week would be interesting.

[BullBear52x]

Buy, Cover first ask later.

[jarbo456]

weird AMZN option action. AMZN up .5%...yet my options are down by a good amount.

[waverider]

Bears need to pray for new LOD.

Yep, /ES regained EMA 20 support fer now, $HXC full bull intraday. Good advice regarding indicators, some people put too many on their charts. Indicators just affirm what we see in price, It's all personal preference. I think trend lines are more useful than any indicator.

[BullBear52x]

It's Friday Friday Friday
tomorrow is Saturday Saturday

Why want to ruine your weekend both Bulls and Bears alike, I am in cash and feel like Monday. but with the next two days off.