03/15/2012 Intraday Watering

[stucap]

totally a failed breakout, but still it could be a larger Ascending Triangle, let's wait. I'm pretty much give up any hopes for bears.

Just one last smooch with 1400 before BUH BYE

[KeiZai]

IMF: Expects Greek Debt Ratio To Hit 116.5% in 2020 and they see notable strengthening labor market in greece Todays unemployment rate : 20.7

They must be on crack same the market

I read that Spain's unemployment rate is 49% for ages 25 and under. These are what true revolutions - not CHANGE - come from. Greece is just the first domino.

BTW, as to the question I asked, under the Maastricht Treaty, if I understand it properly, Member States can print coins only WITH prior approval. So I don't think suitcases of $ 1 million Euros are fleeing the country as I don't think Greece prints a bill.

So as per this article http://tinyurl.com/7l5q46d The Bank of Greece is printing Euros to pay its bills. I'm not sure how they could do that but perhaps it's promissory notes in some fashion. Any way one looks at it, this is bad and not isolated that bills can't be paid. A hungry man can be readily made into a freedom fighter.

Need to agree with you, there are 2 possibilities a, people will revolt b, war. None of this solution is good :/ "government" cannot change the system and the system is sick, they know it and thats why are buying time with money printing(but it make it worse)...deflation will hit sooner or later and the more stronger and then suddenly comes hyperinflation "nice" double shot :/ scary scenario...btw in whole EU youngsters unemployment is slightly over 50% that is unsustainable

[Cobra]

well, you see what I'm saying? Bears are hopeless, even cannot put a single dent.

[BullBear52x]

BullBear,

Just for fun....what's your hunch. Thanks much!

I just wait for the go signal, I am short term guy so thing can change on me in a second, my hunch, market is due for short term correction but no swing sell signal that I can call out. so more up side I guess.

[Petsamo]

That's great, they're gonna finish this thing at the highs so we can gap down.

[TWT]

EURUSD: Follow up of a potential count

[EvilTrader]

Tomorrow is OPEX, the day the market is at the peak of evilness.

I would read stats at this point with lots of salt.

[Cobra]

well, guess that's it for today. no one comes out fighting their calls sold, so guess bears are hopeless now. Thank you guys, I'll see you tomorrow.

[Cobra]

Cobra: if AAPl closes here more down tomorrow?

possibly.

[KeiZai]

US treasury need to sell stocks and one of them is BANR - check the chart how "suddenly" rose today...hmmm interesting...good luck buyer

[Fredwong]

SPX: The fifth should be in progress. Max target = 1424.70

if the first wave =the third wave ,the fifth wave will be extension and it will be the longest wave??

How you guys get 1st = 3rd?

1st on TWT chart is 34.73
3rd on TWT chart is 32.73

That's a whole 2 points longer than 3. That is significant.

If the 3rd< 1st ,the fifth wave will not be extension ? may be shorter than the 1st and 3rd?

Yes if you go by the rules of EWP. But who knows, what if 1389.97 is not wave 4 but in fact part of 3 still? If you read Cobra's report last night, you already have the road map for the next several weeks. Cobra uses the term fireworks which is AKA ending diagonal. Expect yo-yo market for the next several weeks. What I believe is this leg up from 1340.03 is part 1 of 5 parts.

You fill in the blank.

thank you very much, i am understand.....

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: UP what's new LOL

[h2oskier]

Mr. Al,

Sorry for the delay. Attached are 3 charts. IWM, SPY and oil.

As per my PM, Zeal uses (http://www.zealllc.com) uses what they call relativity. The formula for relativity is the closing price/200dma. They have taken the last 5-10 years of closing data and have used (I believe) the 1st standard deviation from the average. Once the price exceeds the upper and lower marker, they know its time to buy or sell. They do not play with the fluctuations in between. Nor do they attempt to time the bottoms or tops. If you look at oil, we are half way there. IWM and SPY are getting close to their thresholds. This is a link to an article on Zeal's relativity (http://www.zealllc.com/2009/relatrad.htm).

The point of relativity is to give you a feel of how a stock is performing instead of "the previous high was X and so above this or below this is Y". Basing a price on the 200dma gives you the strength of the stock price relative to its past performance.

Also, this is how I have been watching IWM and trading Apple:

[TWT]

SPX: Maybe it is only wishful thinkig:

[Al_Dente]

thanks h2oskier
I'll study that tonight

[ClarkW]

CLARK NO EMOTION
NO EMOTION CHART
Here’s my latest NO EMOTION renko, “longer term” 4 u, 60 min renko with 60 cent bricks (boxes)
I swear to gaaad I don’t remember if I stole this one or made it up all by myselfffffff trial and error
I like it bcuz NO emotion, sorta…plus it works, sorta…
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =260522251

MOTH what a nice thing to say, thank u very much, I appreciate that more than u kno…
PS I learned how 2 share from the king snake u kno who

BARON von TVIX
Just make sure u read the prospectus
I don’t want u tradin’ stuff u don’t understand
[joke, joking only]

Sorry for delay, just got out of meeting. Thanks again Al! You da man!

[BullBear52x]

This is a preview of what to come. the TVIX from a peanut gallery. there will be a price for this one.

[KeiZai]

This is a preview of what to come. the TVIX from a peanut gallery. there will be a price for this one.

Thanks BB nice chart, love it

I will add that all 3days steps for low risk high profit trade have been met:

1. a close outside of the lower Bollinger Band (3/13)
2. a close back inside the BB - this issues the signal (3/14)
3. a higher close than the previous close- this confirms the signal (3/15)

[KeiZai]

How far can apple go? Who knows but thats interesting comparison