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Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:10 pm
by TWT
Have a nice w/e everyone !!!!!

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:13 pm
by SB73
Full discosure I have no positions at the moment. Today played the long side a couple of times for some change not big bucks. IMO The close on the VIX should invoke a pullback Monday AM.

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:15 pm
by Tabby
99er wrote:Update

ES http://www.99ercharts.com/archives/262

Da Big Boyz be wankers.
Congrats on your new website.

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:33 pm
by mozart
Everybody have a great weekend,I'm gonna hit ski slopes this weekend, here are the charts of
Silver, and Gold:

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:43 pm
by trader_jay
Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:46 pm
by SWalsh
tdo722 wrote:wow, god damn bulls managed to squeeze out a green day after all. amazing!
Is a computer a bull?

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:51 pm
by FinancePhD
trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.
I saw it as well. But was his previous prediction accurate before?

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 5:53 pm
by SWalsh
Richarab wrote:
Petsamo wrote:
EFA wrote:
Petsamo wrote:We have euphoria! Everything is peachy keen! Those bears are a bunch of dummies!
How long can euphoria last before reality hits though? I'm scared to go long at these levels! :oops:
The bulls were bloodied this summer. Time to bloody the bears?
Not bloodied. Gutted
I'm not sure that's necessarily the case. I think they decimated the funds this summer, who traded both ways. And then in the mid-August to Oct 4th chop I think they nailed them 6 or 7 times and the volume we see here is that many have quit.

I think that the computers have beaten the crap out of anything they have done and I don't think it was with a strong bias either way. And now I think many have let a number of traders go and left the mkt.

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 6:19 pm
by Cobra
Guys, poll time: viewtopic.php?f=9&t=430 :lol:

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 6:21 pm
by trader_jay
He nailed this rally from Nov, when spx was about 100 points lower.

FinancePhD wrote:
trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.
I saw it as well. But was his previous prediction accurate before?

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 9:31 pm
by tdo722
trader_jay wrote:He nailed this rally from Nov, when spx was about 100 points lower.

FinancePhD wrote:
trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.
I saw it as well. But was his previous prediction accurate before?
His prediction seems okay but his timing is about a month off. He said 1330 by december 23rd then game over for bulls.

Re: 01/20/2012 Intraday Watering

Posted: Fri Jan 20, 2012 9:45 pm
by trader_jay
Sort of agree with the timing -- a bit off. But for last few top and bottom calls, locations were almost perfect.

Mark his words here, next Tuesday open or close will be a top if Monday is a higher high close. ( If not, wait for the next close in the higher high sequence. )

Will check back a few weeks later.

tdo722 wrote:
trader_jay wrote:He nailed this rally from Nov, when spx was about 100 points lower.

FinancePhD wrote:
trader_jay wrote:Good news and bad news for bears:

On Bloomberg a few moments ago, DeMark just called the market will top out next Tuesday. But it will be 20-30 ES points away.
I saw it as well. But was his previous prediction accurate before?
His prediction seems okay but his timing is about a month off. He said 1330 by december 23rd then game over for bulls.

Re: 01/20/2012 Intraday Watering

Posted: Sat Jan 21, 2012 1:17 am
by stlwater
Or... maybe he's just wrong? And that is why his "timing" is "off"?

Hey I can be right about market calls too, in fact I often am, and if I am wrong just give it time, eventually I will be right. Seriously anyone can mark a support or resistance area, proclaim that it'll be the bottom or top, but that won't necessarily make it one! Please, does he have a crystal ball?? You guys don't trade by this stuff do you? Seriously, I hope not. Gaaadds. Anyone picking a top (like so many in TVIX over the past two weeks) are getting their heads handed to them on a gold plated platter that they paid for. Don't try to catch a falling knife or stop rocket with your hand.

Is there overhead resistance ahead? Sure. Will there be a reaction at it? Probably. Will it be a top?? Depends how you define a "top" I guess. I'm sure whatever happens there will fit into his definition of a "top" or like other prognosticators his calls will be forgotten soon after they are made. I can look back at a lot of "tops" which are now below us.

I bought the December top... I added to longs today.

GLTA

Re: 01/20/2012 Intraday Watering

Posted: Sat Jan 21, 2012 3:46 am
by thanos
stlwater wrote:Or... maybe he's just wrong? And that is why his "timing" is "off"?

Hey I can be right about market calls too, in fact I often am, and if I am wrong just give it time, eventually I will be right. Seriously anyone can mark a support or resistance area, proclaim that it'll be the bottom or top, but that won't necessarily make it one! Please, does he have a crystal ball?? You guys don't trade by this stuff do you? Seriously, I hope not. Gaaadds. Anyone picking a top (like so many in TVIX over the past two weeks) are getting their heads handed to them on a gold plated platter that they paid for. Don't try to catch a falling knife or stop rocket with your hand.

Is there overhead resistance ahead? Sure. Will there be a reaction at it? Probably. Will it be a top?? Depends how you define a "top" I guess. I'm sure whatever happens there will fit into his definition of a "top" or like other prognosticators his calls will be forgotten soon after they are made. I can look back at a lot of "tops" which are now below us.

I bought the December top... I added to longs today.

GLTA
How do I 'like' this post! :)