03/08/2012 Intraday Watering

[btran874]

ok boys and girls lets run this up to 1370 and double down on shorts

Why not 1380+? More fun

http://www.thepatternsite.com/EWExpanded.html

Hah damn near got my 1370,sold my 56 sso calls at hod,well short if we get big gap up tomorrow morning

I like to short when COMP hits above 3000. Better risk:reward ratio. Let's hope NFP day does exactly that for me.

[TWT]

SPX: A Leading Diagonal ?

(thewavetrading.com)

TWT,
I have a question for $RUT, If you have time to look at it.
Would consider ;
785 the end od wave major 4.
802 is the minor 1 of major wave 5.
794 is the minor 2 of major 5.
we are on our way to complete 5 waves in minor 3 of major 5, up to 3= 1.62*1=822 or possible extend to 2.62*1=834????

I appreciate if you have time to look at it later and give me an answer.
starting 705 at end of C
If major 1=759
major 2=736,
then Major 3 >1.62*1
final major 5 would be 1.62*1=785+87=872 at least.

Sorry but I don´t follow RUT ....... It could help if you reference it to IWM

[uempel]

Bye guys

[Cobra]

well, guess that's it for today, very bullish but how it reacts to Greek news will be interesting. we'll know soon. thank you guys, I'll see you tomorrow.

[proteus46]

SPY DAILY

My wild guess is we will go past $138.19 within a few days and SMI inicator will lag, creating the divergence
for a decent pull-back

[TraderGirl]

could this be a bullish wedge forming on vix? never filled the gap at 17.42...

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: How market gone up in the face of big block selling and neg money out flow, that is my question. since price pay for beers lets focus on that.

[jimme]

Thanks to All with ngreat stuff. Goodnight and GLTA. jimme

[Me XMan]

Holding my SPY shorts overnight.

seriously pay attention to AAPL.

[Denali92]

There was a setup last night that has about 25 trades in 2 years. I can't post a chart as I helped someone else work on it and it's really their baby. It was developed, and has not changed, in January of 2011.

It involves an adaptable, but fairly steady, MA and Bollinger bands and a proprietary oscillator for divergences. It's not curve fitted and has 5 components to it for a trade to be signalled. 20 trades were winner and 5 broke even after the mkt first turned and a breakeven stop was put in after a move in a profitable direction of 2 SPY points.

The action that has been seen this week does not occur looking back three years. Someone seems to have not liked all these diagonals and trendlines breaking and moving averages crossing OR this is an outlier, and the down trend will resume. Given that my friend has a PhD in statistics, I give his e-mail of "this is absurd" some weight. He added a 2nd unit here and has a stop at new highs. I loved his comment to me stating, "when the markets do something truly stupid it is usually down". I think Nassem Taleb would agree to that one.

The bounce in to employment is normal behaviour for the past 5 plus years....

The lack of follow through on Tuesday is not particularly normal AND ALL of the GAP UP and GOs after Single Red Candles is definitely NOT NORMAL!

Overall, I would agree as there is NO market period that I can find going back 5 plus years that is similar to the period since 19-Dec-11.

Thanks for sharing,

-D

This market just exhibits weird behavior. I imply from your comments that tomorrow "should be" a gap up that gets filled by the close.

No record is mixed - here is what I wrote earlier:

Record going in to the number hourly OB is mixed lately:

-Feb 2012 – Headed higher
-Nov 2011 – Headed lower on employment day
-July 2011 – Was the summer top
-Mar 2011 – Topped at the open on the Friday
-Dec 2010 – kept going higher till the Tuesday after
-Nov 2010 – Kept going higher on Friday, but topped out at the close on Friday

Again, feels like a 50-50 set up.

-D

[Petsamo]

We've been doing what overseas markets have been doing. So, it'll be up to overseas markets to do the selling first.

[ActiveTrader]

Got ya, thanks for the reply.

[TWT]

SPX: The overlap opens the door to a possible Ending Diagonal

(thewavetraidng.com)

[SWalsh]

support.

It stopped at a trendline? AMAZING! NOT

I need Jack Bauer to get Chloe to change a board in the HFT machines.

[grachu]

cobra ur the best . lots of health to you , thank you for being committed to you work the best way you can . It shows.

[SWalsh]

SPX: The overlap opens the door to a possible Ending Diagonal

(thewavetraidng.com)

I need a negative close on the week to make that "T" I have from 2003 look better having hit on a down week. See what you can do about that

[btran874]

SPX: The overlap opens the door to a possible Ending Diagonal

(thewavetraidng.com)

Right on. Target 1372 if it is EDT.

[TWT]

AAPL : Mission accomplished, now we can count an impulsive wave (c)
If the count that I have been following is correct a reversal can occurr maybe tomorrow after NFP release

(thewavetrading.com)

[TWT]

SPX: The overlap opens the door to a possible Ending Diagonal

(thewavetraidng.com)

I need a negative close on the week to make that "T" I have from 2003 look better having hit on a down week. See what you can do about that

sell sell sell sell

[SWalsh]

Thanks Cobra and everyone, GLTA

TA note: How market gone up in the face of big block selling and neg money out flow, that is my question. since price pay for beers lets focus on that.

If I may....

1- We know that one used to not be able to spy on US citizens....BUT....that didn't stop British Intelligence from spying on them and giving the information to our government agents while on foreign soil.

2- It used to be that there was a reason for the term "segregated funds" and messing with them was like a lawyer using his escrow account pay for his beach front home rental in the Hamptons. Corizine proved that is no longer the case ad MF Global has not sent him to jail with bread-and-water until he talks

3- It was announced last week that sovereign funds (Israel was the topic that day) would start to invest in our stock market

4- TrimTabs reported last year that they could not account for $700 billion that bought into this market. They alluded to the Fed and must have been told, "You got some splainin' to do" as they retracted that quickly

5- The Fed is prohibited from buying stocks

Okay, mix that all together and someone explain to me how contract law, the true basis of all freedom as in a man's word is his bond, was obliterated by Obama against the Chrysler Bond Holders as he called those elderly coupon cutters, "Greedy Investors".

When that's all mixed, "Fry it in a skittle and mark it with an F, and tell Bernanke, Geithner, and Obama to take their FED and stuff it!"

At best, we are giving foreign nationals money to buy. At worst, we are buying it via the Fed. Although in the final analysis I don't think it matters which.

"The Quiet Coup" (online) by IMF President Simon Johnson. There will be a price to pay.