01/09/2012 Intraday Watering

[BullBear52x]

DBV is the only one that doesn't give green light to buy here, every thing else on my internals are givng a go.

[Al_Dente]

nyadv 1900+
1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[SB73]

What is a 7 top called? (SPY 5 min)

Its called odds are we close at the high of the day near 128.30

[waverider]

Looks ripe?

[Al_Dente]

A day like today I would have to say the last 1h candle, will determine tomorrow's out come, right now Da Boyz try to communicate to one another of how to handle the failure of AA ER. hahahaa....I joke I know Dr. Al is reading this

...1 min

never sure what these mean? care to elaborate a little?

Hi stu
Not sure if that Q was for me
Here’s 1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
I’m trying to blab less and let indicators speak for themselves, but my red/bear and green/bull arrows and lines are just my interpretation of the internals (pinks are maybe).
Happy to answer any specific Q if I can.

[stucap]

A day like today I would have to say the last 1h candle, will determine tomorrow's out come, right now Da Boyz try to communicate to one another of how to handle the failure of AA ER. hahahaa....I joke I know Dr. Al is reading this

...1 min

never sure what these mean? care to elaborate a little?

Hi stu
Not sure if that Q was for me
Here’s 1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
I’m trying to blab less and let indicators speak for themselves, but my red/bear and green/bull arrows and lines are just my interpretation of the internals (pinks are maybe).
Happy to answer any specific Q if I can.

thanks al.

[Cobra]

the chart should be clear: resistance, the bias is still up.

[CognitiveDissonance]

I am loving the VIX dropping along with TVIX following suit

[Al_Dente]

A day like today I would have to say the last 1h candle, will determine tomorrow's out come, right now Da Boyz try to communicate to one another of how to handle the failure of AA ER. hahahaa....I joke I know Dr. Al is reading this

...1 min

never sure what these mean? care to elaborate a little?

Hi stu...Not sure if that Q was for me...Here’s 1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
I’m trying to blab less and let indicators speak for themselves, but my red/bear and green/bull arrows and lines are just my interpretation of the internals (pinks are maybe).....Happy to answer any specific Q if I can.

thanks al.

Stu: when u say “never sure what these mean?” that’s the perfect reaction on days when everything is indicating up and down wacky.
Three important things I try to keep in mind:
1) data is reality
2) IMHO is kool-aid
3) Price rules
And number four would be Cobra’s “Never underestimate the power of the bulls“ (which to me is a euphemism for “bears-covering-their-shorts”)

[Me XMan]

Just got back from meeting with Moses and he said to go short.
I ain't messing with Moses.

[FinancePhD]

Its my view and with the charts that I am looking at on here that the bears are running on hope , while the bulls and just buying time wearing out the hope of the bears,before the onslaughter in the last hour or tomorrow..

we don't post enough charts to support bear case here? I think we mentioned a very balance point here no? you want to add some TA so we can learn from one another? this board is not about being bull or bear. for new position I would say 50/50 at this juncture IMO

Good point BullBear!
For most of us who, unfortunately, don’t have a Ph.D. in Finance, here are 2 opportunistic charts on FXI and FXP.
If you think that China has a good chance of recovering (…at least for a swing-trade) the conclusion should be : do not buy FXI, but short FXP.
I hope the game of price drop versus gain shows that clearly…

But is China starting at least a short term recovery, engineered under the guidance of the CCP?
Could someone, who knows more about China thab I do, help me?

What sectors takes the lead last night in Chinese stock market? Coal and nonferrous metal. Are they capable of leading a round of nice uptrend? I don't think so.

Shanghai, Hong Kong and Seoul are high beta markets, dropping more than developed markets in bear market as usual. And when Europe collapsed, liquidity comes back to US, not to emerging markets. A type of 97 Asian Financial Crisis could happen again.

Besides, Chinese stocks are not cheap as a whole among BRIC countries. Russia is around 4-5 P/E; Brazil is around 7-8; China exceeds 11-12. So the true bottom of Chinese market is still not coming.

I recently made a trip to China and the tune there is not encouraging. In 2008 Lehman time, everyone in China believed we are different and immune to this crisis. All the restaurants were so crowding that they don't even accept reservation. But now? Everyone is talking about how much housing price could drop in 2012, bosses are talking about how much exporting orders could disappear in 2012? My buddy at government told me they have to change the CPI basket every month to manually adjust down the inflation numbers! So could they use QE like US? I don't think so.

Finally, China is full of insider trading. If the CCP could really stimulate the stock market, stock market should go north several days before the CCP financial meeting. Now it seems even the insider doesn't buy the idea of "a meeting could save a market", why should you?

The bottom-line is: the Chinese economy car is decelerating, unless we see it stops first, we shouldn't buy into it.

[Al_Dente]

STUCAP
Fib fans aren’t data but they’re pretty good anyway.
Pull out to 30 min and see the fans and other internals (except VIX) saying we’re just hanging on here for dear life....WHILE SPY MAKES AN INTRADAY HIGH...
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[waverider]

Just got back from meeting with Moses and he said to go short.
I ain't messing with Moses.

lol...

[99er]

Just woke up from a nap...

SPX http://99ercharts.blogspot.com/2012/01/spx_3342.html

Dreaming of Butterflies.

[alvian33]

cobra, do you think gold is short for swing trade? thanks

[CognitiveDissonance]

Just got back from meeting with Moses and he said to go short.
I ain't messing with Moses.

Damn dude, how did you get into his appt book. I've been trying to do that for years without a permanent meeting lol

[waverider]

I am loving the VIX dropping along with TVIX following suit

Why are you short TVIX?

[mozart]

Silver,right under trend line:

[Cobra]

cobra, do you think gold is short for swing trade? thanks

I won't short. Short might work on very short-term I think.

[tdo722]

I am loving the VIX dropping along with TVIX following suit

I'm waiting to buy TVIX/VXX but no breakout buying volume.