02/17/2012 Intraday Watering

[pidge66]

$RUT double top? if we head down from here

I thought I saw the same yesterday w/ SPY http://goo.gl/T799G

If we don't make lower low, which is unlikely, bears have more suffering to come.

[TradingJackal]

Sharing a potential setup based on Slater's .886gap5@geo. I came to know of his work through his posts on another site. Let's see if this pans out.

http://www.flickr.com/photos/76864054@N04/6892702047/

My browser gave me a message that I might not be seeing all of it.

Is that a bullish formation or a bearish one?

Thanks

It was supposed to be bearish but the tape broke through the lines so I guess I did not chart it correctly.

[SWalsh]

Sharing a potential setup based on Slater's .886gap5@geo. I came to know of his work through his posts on another site. Let's see if this pans out.

http://www.flickr.com/photos/76864054@N04/6892702047/

My browser gave me a message that I might not be seeing all of it.

Is that a bullish formation or a bearish one?

Thanks

It was supposed to be bearish but the tape broke through the lines so I guess I did not chart it correctly.

Perhaps it just didn't work? Even 90% patterns have been greatly reduced due to lack of participation and trading firms (banks) having control.

[Cobra]

usually Friday close up sharply and in AH in anticipation of some really good news in the weekend.

[Cobra]

IWM already dropped while others are slowly up.

[TraderGirl]

Is this what is next for BAC and the XLF??

[TWT]

Anyone following Prechter out there?

Jan 10 in the Elliott Wave Theorist he stated:

INTERIM REPORT: Wave (2) appears to be ending, and the S&P is pushing 1300. Speculators should move to maximum leveraged short. Place a stop at 1360 basis the cash S&P. We will lower the stop if action permits".

I don't have the TV on but I would think this has to be mentioned. Does anyone know if that meant all of EWI's positions are now flat in the S&P?


I'm looking for down now under "The Way Life Works" theory that has stood me well over the years.

Use your own wisdom. We are not done with upward move yet, very close.

Any particular reason for thinking that?

As to "wisdom", I find that gets in the way. Wisdom I have plenty of! I've been doing much better since asking this question: "Do I think the machines are going to stop it at this trendline, or is there a setup to blow it through?"

1-I don't trust Pretcher. He had call for SPX 1295 as top and many people are stuck there.
2-probablly we close lower to make sure people go short over the three weekend holiday.
3-1371 is my final answer.
BTW, AAPl falling off the tree.

He bores me. always perma bear biased counts !!!!!!!

[soku]

Who the F does he think he is kidding? Oh wait, the economic illiterates who couldn't balance a check book who don't know that his spending IS THE PROBLEM!

He is using that same financial speculation in the way a Bavarian Corporal used Krups and other German industrial companies. BTW, Wall Street had over 100 financial advisers in the Nazi companies as did England have 50. They were hidden and ushered out before the Nuremberg Trials. These are pesky little truths that they didn't want anyone to know but were uncovered by DOJ lawyer John Loftus in the National Archives as he was hunting Nazis while the State Department was bringing them into America. It is a very dark stain on our nation that we did that. No wonder they tried to hide it.

"I want to be a transformational President" - any guesses?

well, wall street loves him. he just collect 29m campaign funds in jan.
http://www.thestar.com/news/world/artic ... each-other

[SWalsh]

Record open interest volume in VIX

http://www.youtube.com/watch?v=mHQHhq4i ... o85AWy0h1a

WOW! I would urge people to click that video just to see the relic called the trading floor where they used to scream at those guys about a bad fill every now and then. Now, the machines rip you off faster and for less, but more often. That is an amazing site. There were more college students visiting in that video!

[fehro]

little triangle? bull flag? or H&S?

[SWalsh]

Who the F does he think he is kidding? Oh wait, the economic illiterates who couldn't balance a check book who don't know that his spending IS THE PROBLEM!

He is using that same financial speculation in the way a Bavarian Corporal used Krups and other German industrial companies. BTW, Wall Street had over 100 financial advisers in the Nazi companies as did England have 50. They were hidden and ushered out before the Nuremberg Trials. These are pesky little truths that they didn't want anyone to know but were uncovered by DOJ lawyer John Loftus in the National Archives as he was hunting Nazis while the State Department was bringing them into America. It is a very dark stain on our nation that we did that. No wonder they tried to hide it.

"I want to be a transformational President" - any guesses?

well, wall street loves him. he just collect 29m campaign funds in jan.
http://www.thestar.com/news/world/artic ... each-other

And depending upon whether he is trying to figure out how to win a third term as they strike down "ID Required for Voting", he might turn on them like Hitler turned on the German industry after he gained power. Ernst Rohm complained so much about Hitler deviating from true National Socialism, Hitler had he and his top SA men killed in "The Knight of the Long Knives". In fact, he might destroy Wall Street and he and Soros love OWS. The gross ignorance seen in so many film clips shows that a democracy cannot survive stupidity. You do get the government you deserve.

[Al_Dente]

Last hour fireworks?
1min
bond mkt is closed so TBT replaces TNX
there have been NO TICKS to speak of and NO BOTS all day, so watch them 4 clues
AD on the fence w small bull bias. VIX decidedly bullish at 17.93 !
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

toooo obvious scenarios:
bears don’t want to hold short over weekend, so they’ll cover = giant squeeze
wussie bulls may go to cash for weekend = giant dump
Whatever we expect….the opposite usually happens

[Petsamo]

Is this what is next for BAC and the XLF??

KBE, the other bank ETF, is heading lower

[SB73]

usually Friday close up sharply and in AH in anticipation of some really good news in the weekend.

Senor Cobra,

In this environment even the bearish seasonality doesn't work. Statistically, this was supposed to be a reasonable shot for the bears. Are you holding the system short and long over the weekend assuming nothing wild happens in the last 30 minutes.

Senor Denali,

Nice post on OPEX friday when a high is made not closing in the red. It gave a lot of perspective on how to approach the day. Basically, I haven't even looked at the market for several hours which would have been a waste otherwise.

[TraderGirl]

Here is an article by Reggie Middleton re: Goldman Sachs carrying large amounts of sovereign risk....

http://www.safehaven.com/article/24398/ ... rticles%29

Still think support is around $60, and if goes below that, in the 30's....

[Cobra]

Boring, so let's vote again, see how many bears are left.

viewtopic.php?f=9&t=461

[Tabby]

Anyone following Prechter out there?


He bores me. always perma bear biased counts !!!!!!!

He is a smart man but I don't understand his thought process.

[Cobra]

usually Friday close up sharply and in AH in anticipation of some really good news in the weekend.

Senor Cobra,

In this environment even the bearish seasonality doesn't work. Statistically, this was supposed to be a reasonable shot for the bears. Are you holding the system short and long over the weekend assuming nothing wild happens in the last 30 minutes.

Senor Denali,

Nice post on OPEX friday when a high is made not closing in the red. It gave a lot of perspective on how to approach the day. Basically, I haven't even looked at the market for several hours which would have been a waste otherwise.

hold both long and short. will let the stop loss work for me.

[swayne99]

I love this market- it's so predictable. I hope everyone is profiting from it. Like shooting fish in a barrel Yeehaw

[SB73]

usually Friday close up sharply and in AH in anticipation of some really good news in the weekend.

Senor Cobra,

In this environment even the bearish seasonality doesn't work. Statistically, this was supposed to be a reasonable shot for the bears. Are you holding the system short and long over the weekend assuming nothing wild happens in the last 30 minutes.

Senor Denali,

Nice post on OPEX friday when a high is made not closing in the red. It gave a lot of perspective on how to approach the day. Basically, I haven't even looked at the market for several hours which would have been a waste otherwise.

hold both long and short. will let the stop loss work for me.

Thanks