03/20/2012 Intraday Watering

[Richarab]

already getting back in the channel. by morning the gap up will be too big to cover - and will squeeze the shorts into compliance

[trader_jay]

lol
thanks for the kind offer; but there are much better datafeeds available anyway

I used to be able to connect to TD Ameritrade from Ninja Trader ( by calling Ninja customer service, mine is multi broker liscence ). But it stops working after TD A stop streaming data.

anyone know what the requirements are to get TD Ameritrade to allow you to connect through a 3rd party application? aka Ninja Trader.

Not sure if TD permits Ninja Trader --- but you can always call TD/TOS and ask.

go ahead and send me a PM with your bank account and routing number, plus your social as well as name of your first girlfriend - and i will sort it out for you...

[shumushu]

Thanks for your comments yesterday regarding my report:

Here is today's trader market summary. Let me know what you guys think

[TWT]

SPX short term EWP:

In my opinion SPX does not have yet a topping pattern hence I believe that we should expect more upside.

I am “working” with 2 options assuming that yesterday´s lod will not be breached:

Option 1: Price is unfolding an Ending Diagonal wave (5)

In order to have an ED in progress a lower low is not allowed.

We will have a choppy price action to the upside, probably, until next week.

If this count plays out then we have the max upside target at 1424.70

Option 2: Impulsive EWP

If this is the correct count and at yesterday´s lod price has established the wave (4) then we have a projected target range: 1432 – 1454 for the wave (5)

We cannot rule out that price may take its time and shape a Triangle wave (4).

[TWT]

EURUSD: It is not a "fait accompli" but the bearish count is still alive and kicking