02/13/2012 Intraday Watering

[Cobra]

cobra, sorry about off topic , do you see any stop on apple .? other than 3 last daily bars that show a slowdown , anything else from you magician hat you can take out ? please and thank you....

I still see exhaustion here, but again don't short stocks that keep having higher high, not worth the risk.

[SWalsh]

SPIKES!

I pointed out this seemingly recurring pattern (and I freely admit that I believe the machines are creating these as they are breaking many EW patterns) last week. Looking back six months I found that they needed to be about equidistant from the spike and depending upon time left in the day they could just continue to keep the low in and do one of three things:

1- gap higher and not close it the next day
2- gap lower and not get back to unchanged
3- put a little more of the pattern in the next day (slightly higher opening) and drop

I have no opinion of which one but we should be at least a point (10 SPX handles) from her by noon Tuesday. Perhaps Cobra has some stats on two consecutive gaps higher.

[waverider]

crude just reopened with a nice gap up, lmao

[Petsamo]

crude just reopened with a nice gap up, lmao

USO never stopped trading. It actually dropped since 3 pm

[BullBear52x]

No new high on this peak so, $NYMO is not lying yet that consolidation/side ways action will be here for couple more days or week.

Thanks Cobra and everyone, GLTA

TA note: Oooopz, the master said no link, not even for recreational blog?

[bbc]

crude just reopened with a nice gap up, lmao

USO never stopped trading. It actually dropped since 3 pm

same for CL

[Petsamo]

crude just reopened with a nice gap up, lmao

USO never stopped trading. It actually dropped since 3 pm

same for CL

CL = Colgate Palmolive ?

[SB73]

squeeze starts EDC ?
needs HOD to confirm sqz

Senor Al, You seem like a candlestick guy. If we close on the daily here, I like the odds of the bears if they can get a gap or flat open on Tuesday. What do you think?

SB I can’t do “what if” close
All I kno is yr tight stop was good….good and tight…
I can only do now, as in: why couldn’t $TNX make a high instead of a double top just NOW, and WTF dollar, etc

I don't see any good setups right now...not a one.

[stucap]

crude just reopened with a nice gap up, lmao

USO never stopped trading. It actually dropped since 3 pm

same for CL

CL = Colgate Palmolive ?

crude light futures

[waverider]

crude just reopened with a nice gap up, lmao

USO never stopped trading. It actually dropped since 3 pm

looks like its gonna break out posssibly

[Petsamo]

crude just reopened with a nice gap up, lmao

USO never stopped trading. It actually dropped since 3 pm

same for CL

CL = Colgate Palmolive ?

crude light futures

I'm not familiar with non-equity abbreviations

[Al_Dente]

5min
Usually a VIX p-bar will make the bolinger compression a bit wanky; not today…
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256816464

[stucap]

crude light futures[/quote]
I'm not familiar with non-equity abbreviations[/quote]

CL is the only one i see mentioned around here besides ES (S&P 500 Emini Futures) so, learn those two and you're good to go!

[Cobra]

channel support. looks still missing at least one more push up, may not be today though.

[Al_Dente]

squeeze starts

Senor Al, ?

I don't see any good setups right now...not a one.

SB73
Here’s my vxx, she’s pretty clear (to me only) on “wait"
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =243526920

and my short sheet says I can’t act on anything short… yet... (sheep....you go first okay?)
http://stockcharts.com/h-sc/ui?s=ZSL&p= ... =252310518

[Wallstreetrader]

euro moving down spy up hum something is wrong !

[bbc]

euro moving down spy up hum something is wrong !

nothing is wrong, de-coupling has been there for awhile.

ppl talked about re-coupling, seems rejected by the market.

[Cobra]

overshot channel support, no idea how we close, let's wait.

[stucap]

euro moving down spy up hum something is wrong !

nothing is wrong, de-coupling has been there for awhile.

ppl talked about re-coupling, seems rejected by the market.

simple analysis: "Me bull. Me buy dip."

[SB73]

squeeze starts

Senor Al, ?

I don't see any good setups right now...not a one.

SB73
Here’s my vxx, she’s pretty clear (to me only) on “wait"
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =243526920

and my short sheet says I can’t act on anything short… yet... (sheep....you go first okay?)
http://stockcharts.com/h-sc/ui?s=ZSL&p= ... =252310518

Nice charts...yes let others move first. IMy philosophy is enter the party late and leave early. I know it is boring, but whatever.