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Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:08 pm
by SB73
Looks like a descending triangle...breakout up?

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:10 pm
by 99er
Update

SPX http://www.99ercharts.com/archives/78

What's for lunch?

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:13 pm
by Green Prince
SPY intra day not looking so strong. Have a neg divergence with one of my indicators on both the 1min and 2 min.

http://1.bp.blogspot.com/-8lFBdKrpp3I/T ... /spy+1.png

http://3.bp.blogspot.com/-42mZo3CfGos/T ... /spy+2.png

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:17 pm
by Green Prince

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:20 pm
by Al_Dente
BullBear52x wrote:
Al_Dente wrote:1 min...PS: is there something in the water here today????...Baron von SmartyPants, what golden ratio?...Baron I gotta run, you’re in charge of internals….stay smart…stay nimble…never forget the power of u know who...Uempel, see what I mean, KeiZai is Gann too, oy, let the fireworks begin…

ratio 1.618...enjoy swimming old man :lol:

U stinker, U waited till I was gone to call me old man
I’ll get u for that, I'm gone now but I'll get u later...

Here Mishka, come here Mishka...http://www.youtube.com/watch?feature=en ... sdMvRuGH9E

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:22 pm
by uempel
KeiZai wrote:
uempel wrote:
KeiZai wrote:Update:

Bulls: 30 extreme ticks and bears: 8 extreme ticks. 56% pos ticks. Net Advancing is 274. Range is 5.8. We are at 10.9% of Range.


KeiZai, "Range is 5.8. We are at 10.9% of Range" relates to ticks, right? Thanks.



The Range is the amount that the SPX has moved from high to low during the session.The percent of the Range is where the SPX is currently trading within that range.


Ahhh, now I get it, range is top down of SPX. Thanks a million.

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:24 pm
by KeiZai
Need to breakdown or I will join them :lol:

http://www.youtube.com/watch?v=yF9FM6Kq ... re=related

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:24 pm
by noob
Cobra, any updates to your top is around outlook? Have you loaded on any longs? Sorry it's just that it's hard to sit on shorts when the market is ripping up this strong. Thanks!

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:26 pm
by Travelfrog
Al_Dente wrote:PAGING TRAVELFROG
WTF?
I am not an EW person
Do they have a date projection or just the price target 1360???
Is it Prechter’s or somebody elses count?
Oy Oy Oy
THANKS THANKS


Nothing to do with Elliott Wave on this chart, but here is my work in progress setup on 5 min chart.
SPX-5min-17-01-12.png

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:31 pm
by BullBear52x
cant' take out 200ma well, Descending triangle play still.

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:32 pm
by waverider
Has anyone noticed SPY closed at a 3-month high the day after Martin L. King in 2010 (JAN 19) and in 2011 (JAN 18)? Interesting.

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:32 pm
by uempel
Momentum daily/weekly is slackening and I'd be a happy bear if it were not for P&Fs. This breakout is either a bullish signal or it's a top, check the tops in 2007 and 2011 :D
99.png

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:33 pm
by Al_Dente
Travelfrog wrote:
Al_Dente wrote:...I am not an EW person...Do they have a date projection or just the price target 1360???...Is it Prechter’s or somebody elses count?...

It is software that I use for Elliott wave targets. I use them for guidance only on EOD. As always, a wave C can always extend into a wave 3 etc. The software does generate Signals also, but these should only be taken with support from other charting methods. The counts were just standard ABC targets that I projected manually.
Cobra is actually using a form of Elliott Wave with his measured targets which seem to be standard ABC extensions.

Travelfrog: I always saw King Cobras three push up/down as cousin to 1,2,3,4,5 wave
Anyway, thanks, I’m really gone now

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:34 pm
by KeiZai
waverider wrote:Has anyone noticed SPY closed at a 3-month high the day after Martin L. King in 2010 (JAN 19) and in 2011 (JAN 18)? Interesting.


Good point! Thx

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:34 pm
by dcurban1
This is a must read everyone and the top blog I follow.

There is no decoupling

http://sibileau.com/martin/2012/01/16/there-is-no-decoupling/

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:39 pm
by uempel
Travelfrog wrote:
Al_Dente wrote:PAGING TRAVELFROG
WTF?
I am not an EW person
Do they have a date projection or just the price target 1360???
Is it Prechter’s or somebody elses count?
Oy Oy Oy
THANKS THANKS


Nothing to do with Elliott Wave on this chart, but here is my work in progress setup on 5 min chart.
The attachment SPX-5min-17-01-12.png is no longer available


Nice chart Travelfrog, narrow grey channel suggests a move. My ellipses suggest 14:20 pm :D
11.png

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:44 pm
by 99er
Currency Wars

This is not a particularly large deal, but it is another sign of the continuing erosion of the ad hoc Bretton Woods II currency regime and a growing disorder in global banking.

http://jessescrossroadscafe.blogspot.co ... irect.html

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:47 pm
by uempel
Bye guys, I need a beer, two beers. Not because the markets ain't friendly, but because my former landlord is kind of nuts. Some type of paranoia...

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:56 pm
by TraderGirl
Al_Dente wrote:
Travelfrog wrote:
Al_Dente wrote:...I am not an EW person...Do they have a date projection or just the price target 1360???...Is it Prechter’s or somebody elses count?...

It is software that I use for Elliott wave targets. I use them for guidance only on EOD. As always, a wave C can always extend into a wave 3 etc. The software does generate Signals also, but these should only be taken with support from other charting methods. The counts were just standard ABC targets that I projected manually.
Cobra is actually using a form of Elliott Wave with his measured targets which seem to be standard ABC extensions.

Travelfrog: I always saw King Cobras three push up/down as cousin to 1,2,3,4,5 wave
Anyway, thanks, I’m really gone now


I believe his 2 push up/down is reminiscent of an abc wave, and his 3 push up/down is reminiscent of a 5 wave.....

Re: 01/17/2012 Intraday Watering

PostPosted: Tue Jan 17, 2012 2:57 pm
by waverider
Later, thanks for sharing your charts uempel