10/25/2011 Intraday Watering

[Petsamo]

I wonder if copper will gauge this economy in the future much longer since we are now gone wireless, what say you? smart TV is leading the home entertainment wireless in the big way these days.

Canada imposed data restrictions on wireless last year. AT&T said wireless data transfers increased 8000x. I think fiber optics is the future, and I don't think copper is a component of fiber optics.

[MrMiyagi]

Canada imposed data restrictions on wireless last year. AT&T said wireless data transfers increased 8000x. I think fiber optics is the future, and I don't think copper is a component of fiber optics.

Correct, there's no copper in glass fiber.

[simpletrader]

4th time to break out 5min 50ema

[CognitiveDissonance]

Guys the bond market is going almost parabolic.... someone knows something and wants treasuries

Bond market still up? I'm only watching TLT

[Petsamo]

Last night, only the Nikkei sold off. Hang Seng & India rallied from their open. The German DAX rallied a little from its open. So, unless we rally significantly from the lows, I think we gap down tomorrow.

[bobo]

I have been lurking for about a week or so, but this is my first post.

Cobra: Do you use Elliott Wave Theory in your analysis? If so, where are we in the wave count?

Others please weigh in. I know the terminology differs depending on the blog.

I believe we are in minor 2 of P3, but am unclear as to whether A up or C up just concluded. I believe some have us in C and in either (ii) or (iv) down. It strikes me that the rebound off the lows may have met the test for the conclusion of minor 2, but not the time element. Consequently, I think that perhaps A up has just concluded and we are looking at a B wave pullback. If so, C would have to truncate or we may blow right through the 200-day SMA.

Any thoughts?

[tdo722]

shit, bear rally is so short lived.

[Tabby]

I wonder if copper will gauge this economy in the future much longer since we are now gone wireless, what say you? smart TV is leading the home entertainment wireless in the big way these days.

Interesting. Where else is copper used ?

I think they use it for food stamps cards. " bridge cards"

Water lines, A/c units, radiators, power transmission lines, LOTS of stuff

Bushwaffles, when people don't have money to eat, do you think they go for copper. Number one burglariy is copper pipes from forclosed home.

[Cobra]

I have been lurking for about a week or so, but this is my first post.

Cobra: Do you use Elliott Wave Theory in your analysis? If so, where are we in the wave count?

Others please weigh in. I know the terminology differs depending on the blog.

I believe we are in minor 2 of P3, but am unclear as to whether A up or C up just concluded. I believe some have us in C and in either (ii) or (iv) down. It strikes me that the rebound off the lows may have met the test for the conclusion of minor 2, but not the time element. Consequently, I think that perhaps A up has just concluded and we are looking at a B wave pullback. If so, C would have to truncate or we may blow right through the 200-day SMA.

Any thoughts?

Thanks and welcome aboard.

I mostly don't use wave.

[bobo]

The benchmark I am using is SPX cash.

[CognitiveDissonance]

yep, they're pumping the euro and copper is up, little chance of bear time now. But, one never knows...

[StrikePrice]

Wave Count Update: Primary Count is looking good as long as we close strong.

This Count should setup a very Bearish end to the week as the break of the Green Line will bring a swift sell-off.

[Cobra]

like Cobra mentioned this morning, a range day.

let's why I don't bother commenting a lot today. sometimes recognize the market earlier can save us lots of time and energy.

[silicon_beaver]

shit, bear rally is so short lived.

Actually, either is short. rally of Bulls or Bears. At time loaded FAZ, I told myself, exit with 10% gain. But I closed it this morning under 10%.

I am turning a little bullish in Holiday seasons.

[Cobra]

range day is no good for bears, because it only eliminates overbought signals.

[BullBear52x]

shit, bear rally is so short lived.

The run up like we have had in last few days, you think Bulls will just fold? so far bears got their day, let see if the bears can follow through tomorrow, if not, you know the drill. for now bears are roaming.

[SB73]

Cobra any early thoughts for tomorrow? More bullish or bearish biased?

[PRI]

OK, the view is a little more clear now, could be a triangle breakdown, target green line below.

Cobra,
Have you ruled this out for the day?

[pady]

I believe we are in minor 2 of P3, but am unclear as to whether A up or C up just concluded. I believe some have us in C and in either (ii) or (iv) down. It strikes me that the rebound off the lows may have met the test for the conclusion of minor 2, but not the time element. Consequently, I think that perhaps A up has just concluded and we are looking at a B wave pullback. If so, C would have to truncate or we may blow right through the 200-day SMA.

Any thoughts?

I feel we are in a B which can take us to 1150-70 range ( 50-62% ).

[PRI]

OK, the view is a little more clear now, could be a triangle breakdown, target green line below.

Cobra,
Have you ruled this out for the day?

Oops, I thought the chart would print as well...
Anyway, the target is in the 122.7 area.