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10/27/2011 Intraday Watering

Re: 10/27/2011 Intraday Watering

Postby Petsamo » Thu Oct 27, 2011 3:56 pm

RealMoneyIssues wrote:
Petsamo wrote:To prevent overseas markets from selling this and gapping US down, this thing needs to retreat well off the highs.

Doesn't look like it wants too...

Finishing at the highs gives a 60% probability of a gap down.
Finishing at the lows gives a 60% probability of a gap up.
I did a spreadsheet on it once to get the statistics.
It makes sense too because overseas markets are challenging US, if you wanna continue up, rally again, or if you wanna continue down, sell off again.
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Re: 10/27/2011 Intraday Watering

Postby BullBear52x » Thu Oct 27, 2011 3:57 pm

4 min. to go here the number to watch, and then make your candle prediction.
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Re: 10/27/2011 Intraday Watering

Postby janez » Thu Oct 27, 2011 3:57 pm

so many good short set ups. must be something wrong with my eyes. insane!
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Re: 10/27/2011 Intraday Watering

Postby MrMiyagi » Thu Oct 27, 2011 3:59 pm

Allright.. gotta go to the "library".
Hasta manana.
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Re: 10/27/2011 Intraday Watering

Postby michelangelo » Thu Oct 27, 2011 4:00 pm

I think tomorrow we get a test of 1290 and not much more and then we head down.
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Re: 10/27/2011 Intraday Watering

Postby tdo722 » Thu Oct 27, 2011 4:01 pm

ultramarine wrote:Doji on the daily today?


Not doji. The previous day was a northern doji on spy daily. And northern doji means a reversal of trend to the upside which came true today.
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 4:03 pm

well, that's it for today. a little late, but thank you guys, I'll see you tomorrow.
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Re: 10/27/2011 Intraday Watering

Postby BullBear52x » Thu Oct 27, 2011 4:07 pm

tdo722 wrote:
ultramarine wrote:Doji on the daily today?


Not doji. The previous day was a northern doji on spy daily. And northern doji means a reversal of trend to the upside which came true today.

it's only has 51% chance. well better than Vegas. since today didn't close below 127.66 it's not a Doji, but a gap up tomorrow will give another short an excellent spot to short, so far it close under 200ma 1min. chart, I am shorts so I will have to sugar coat my view. :D
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 4:08 pm

MrMiyagi wrote:Hey Cobra, what is that Google bot/Yahoo bot stuff in the list at the bottom?


that's OK, they need index my site otherwise the search engine cannot find us.

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Re: 10/27/2011 Intraday Watering

Postby Mr. BachNut » Thu Oct 27, 2011 4:10 pm

uempel wrote:Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...

Today my charts were traps. Hope nobody was mislead.
AF4.png


Agree on the fundamentals, but I have lost money trading fundamentals against the tape. So, I acknowledge it when the tape is contrary to my beliefs and look forward to when the tape trades with my beliefs.
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Re: 10/27/2011 Intraday Watering

Postby tdo722 » Thu Oct 27, 2011 4:16 pm

BullBear52x wrote:
tdo722 wrote:
ultramarine wrote:Doji on the daily today?


Not doji. The previous day was a northern doji on spy daily. And northern doji means a reversal of trend to the upside which came true today.

it's only has 51% chance. well better than Vegas. since today didn't close below 127.66 it's not a Doji, but a gap up tomorrow will give another short an excellent spot to short, so far it close under 200ma 1min. chart, I am shorts so I will have to sugar coat my view. :D


:)

Here's the good news, the hourly candle is a southern doji, so pretty good chance the opening hour will be in red. if you short at the close today, you're in safe hands. :) I hate playing daytrading shit. waiting for that negative divergence so I can swing a few days for fun.
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Re: 10/27/2011 Intraday Watering

Postby Anaconda » Thu Oct 27, 2011 4:26 pm

Friends/Colleagues,

It's been a while! Travel overseas and new job back in the States... But, I have been observing / listening (good stuff, as always). Interestingly, no discussion of Zweig Breadth Indicator here. This plays, I believe, strongly into the strong rise we've seen in the markets. But, shorts, stay strong! Fibonnaci says we're close to another demarcation point... Good luck all.
A.
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Re: 10/27/2011 Intraday Watering

Postby GreedyKojiro » Thu Oct 27, 2011 4:27 pm

stockcycle wrote:This statistic is for fun: Condition to screen SPX had a day down then up from 1-1.5% the next day (like yesterday) then up more than 2.5% (may be like today). Buy at close today (collum 3) and to see the next day (collum 4). The screening data from Jan 02 1950. We can see the 8/11 is the positive.


Cobra said higher high tomorrow. Your stat suggests chance that close in green tomorrow is greater than 72%... Bulls rule!
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Re: 10/27/2011 Intraday Watering

Postby rocstocktrader » Thu Oct 27, 2011 4:52 pm

Stock market article: “Eurozone On The Verge Of Triggering A Shift In Trends”

http://stk.ly/qYFCaS
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