11/29/2011 Intraday Watering

[Cobra]

forgot to say: Target.

[standard_and_poor]

hi cobra, here's the current roadmap for anybody interested:
http://standardpoor.wordpress.com/

[ib612]

now that MA resistance has been broken, are we looking at 7 day rule before more down?

[Seawaves]

GM, Cobra
One first grade question, how do ppl post picture here? Has to upload it to somewhere else first?

[Me XMan]

So buy on the dip?

forgot to say: Target.

[uempel]

Update:

[Cobra]

GM, Cobra
One first grade question, how do ppl post picture here? Has to upload it to somewhere else first?

Check Getting Started. basically, use the "Upload attachment".

[PLUNGE]

Market neutral.
Had a pilot short yesterday that was stopped out during yesterday's closing spike for small profit.
In spite of gain, technicals still look weak. Looking to re-establish short at higher prices.
Mechanical model is in sell mode.

Today is interesting for Tom DeMark followers. I believe a TD Sequential Setup buy signal will trigger today with an SPX close <1188.04. Above that, the setup is nullified, which I guess would keep followers of this signal on the sidelines.

Thanks for this observation! Here's my DeMark count:

And his rules for a TD:
"If before price bar 9 is reached a price bar fails to close below that of four bars previously then the Setup is abandoned and the numbers are automatically deleted. Once nine consecutive price bars have been completed the trader will be looking for a "perfected" Setup; one that is now valid for trading. Buy Setup perfected when the low of either price bar 8 or 9 is less than the lows of both price bars 6 and 7."

But I'm a novice at DeMark, so not being critical

[Cobra]

So buy on the dip?

forgot to say: Target.

this kind of push up should be 3 legged. the very first pullback should be a buy.

[soku]

i spent some time looking around. now the wave guys are in doubt again. are we really in 3 of 3 of 3?
here is a typical one.
http://1.bp.blogspot.com/-w9bY1RA3lsc/T ... weekly.png

i am not a wave trader. my main source of signal comes from volatility. my perfect scenario is dip to 1180, then head up. 1215 or 1230 will tell me what's next.

[wayne0708]

Cobra: what was bull target?

[soku]

Market neutral.
Had a pilot short yesterday that was stopped out during yesterday's closing spike for small profit.
In spite of gain, technicals still look weak. Looking to re-establish short at higher prices.
Mechanical model is in sell mode.

Today is interesting for Tom DeMark followers. I believe a TD Sequential Setup buy signal will trigger today with an SPX close <1188.04. Above that, the setup is nullified, which I guess would keep followers of this signal on the sidelines.

Thanks for this observation! Here's my DeMark count:

sc3.png

And his rules for a TD:
"If before price bar 9 is reached a price bar fails to close below that of four bars previously then the Setup is abandoned and the numbers are automatically deleted. Once nine consecutive price bars have been completed the trader will be looking for a "perfected" Setup; one that is now valid for trading. Buy Setup perfected when the low of either price bar 8 or 9 is less than the lows of both price bars 6 and 7."

But I'm a novice at DeMark, so not being critical

i am trading demark setup and countdown for a long time. a flip is not a good trading signal. you should wait for couple more bars. 4-5 is kinda commonly accepted entry point. overall i should say demark is more on reversal. i use it more on exit side.

[Al_Dente]

Internals, different view, 5 days, 1 minute
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249244776

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/11/copper_29.html
Crude http://99ercharts.blogspot.com/2011/11/crude_29.html

[L_T]

Mr BachNut / PLUNGE/ soku where do you guys find good info on DeMark? It's one thing I've never been able to locate a "tutorial" of sorts for. Thanks for any info you can provide.

Market neutral.
Had a pilot short yesterday that was stopped out during yesterday's closing spike for small profit.
In spite of gain, technicals still look weak. Looking to re-establish short at higher prices.
Mechanical model is in sell mode.

Today is interesting for Tom DeMark followers. I believe a TD Sequential Setup buy signal will trigger today with an SPX close <1188.04. Above that, the setup is nullified, which I guess would keep followers of this signal on the sidelines.

Thanks for this observation! Here's my DeMark count:

sc3.png

And his rules for a TD:
"If before price bar 9 is reached a price bar fails to close below that of four bars previously then the Setup is abandoned and the numbers are automatically deleted. Once nine consecutive price bars have been completed the trader will be looking for a "perfected" Setup; one that is now valid for trading. Buy Setup perfected when the low of either price bar 8 or 9 is less than the lows of both price bars 6 and 7."

But I'm a novice at DeMark, so not being critical

i am trading demark setup and countdown for a long time. a flip is not a good trading signal. you should wait for couple more bars. 4-5 is kinda commonly accepted entry point. overall i should say demark is more on reversal. i use it more on exit side.

[Apple]

Anybody looking at the XOI run-up?

XOI oil and TRAN strongest on my little board today so far

“If you want to make an apple pie from scratch, you must first create the universe." [Carl Sagan, Astronomer]

My guess is that XOI is going to top at about 1192 (and leading for TRAN ?) sometime before Thursday...

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/11/gold_29.html
Silver http://99ercharts.blogspot.com/2011/11/silver_29.html

[99er]

Updates

Dollar http://99ercharts.blogspot.com/2011/11/dollar_29.html
30-Year http://99ercharts.blogspot.com/2011/11/30y_29.html

[uempel]

Whoever shorts now is either stupid or he has cojones di ferro...

[99er]

Updates

TNX http://99ercharts.blogspot.com/2011/11/tnx.html
VIX http://99ercharts.blogspot.com/2011/11/vix_29.html