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03/28/2012 Intraday Watering

Re: 03/28/2012 Intraday Watering

Postby SWalsh » Wed Mar 28, 2012 4:39 pm

soku wrote:for those following algo activities, do you see anything when it was down? and do u see anything around 1392.75 low?


14:12 and 14:27 were the two biggest quote stuffs by far. Can't let it drop too fast. More that 100 down points is against National Security. Just seems funny how those big spikes aren't a series of them, but always just one. Under a fascist styled economy you will see funny things and hear reports of funny numbers. I guess GDP tomorrow should be a solid 12% :shock: :shock: :shock:
"I told you...................bring me everyone"...http://www.youtube.com/watch?v=MrTsuvykUZk
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Re: 03/28/2012 Intraday Watering

Postby TWT » Wed Mar 28, 2012 4:46 pm

SPX: Can you get an impulsive count without being "creative" ...... I can´t

Do I have to remind you the most likely outcome when down side action is corrective ????? 8-)

Eventually one day if THEY have not sent all the bears in this planet to a mental hospital the few left that are not gone broke will make a lot of money :shock: :shock: :shock:
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Re: 03/28/2012 Intraday Watering

Postby TraderGirl » Wed Mar 28, 2012 4:53 pm

Was looking at FCX, here is another analysis...
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fcx 3 28.png
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Re: 03/28/2012 Intraday Watering

Postby Jose » Wed Mar 28, 2012 4:54 pm

TWT wrote:SPX: Can you get an impulsive count without being "creative" ...... I can´t

Do I have to remind you the most likely outcome when down side action is corrective ????? 8-)

Eventually one day if THEY have not sent all the bears in this planet to a mental hospital the few left that are not gone broke will make a lot of money :shock: :shock: :shock:


hehehe... This just tells the story... 13 consecutive weeks UP on the NDX 100, i'm counting this one already :twisted:

1weeknq.jpg
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Re: 03/28/2012 Intraday Watering

Postby Jose » Wed Mar 28, 2012 5:09 pm

As for FCX i wouldn't recommend any long entries (based on a fundamentals thesis i strongly recommend you to read: http://seekingalpha.com/article/434501- ... mmodities- the author has a few more articles on the same subject that i would recommend reading also)

Also from the same author (i guarantee that i'm not him :D ) and about the talk today on holding TVIX or other for long term : http://seekingalpha.com/article/453531- ... -long-term - Conclusion is don't even think about it.
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Re: 03/28/2012 Intraday Watering

Postby SWalsh » Wed Mar 28, 2012 5:12 pm

TWT wrote:Eventually one day if THEY have not sent all the bears in this planet to a mental hospital the few left that are not gone broke will make a lot of money :shock: :shock: :shock:


ROTFLMAO!

My Super Secret Chicken Indicator said DO NOT BE LONG TONIGHT....we'll see if I need to start slaughtering chickens...LOL

This weekly chart hit on the first week of March, but monthly really would be fine given the 9 year period.

They do not ring the Lutine Bell for these events:
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Re: 03/28/2012 Intraday Watering

Postby SWalsh » Wed Mar 28, 2012 5:21 pm

TWT wrote:SPX: Can you get an impulsive count without being "creative" ...... I can´t


I can for one reason. Even before the HFT Soylent Green Machine, there were enough MAJOR moves in the mkt that started as a clear 3 wave move (when as you know it should be a 5 wave impulse wave) AND did not have a subsequent wave where you could say you had the starting point for the big move wrong. EW is an art, not a science. And right now, I think looking at "The Cramer" is sometimes more appealing than waves. Is there a phrenologist in the house?

I think his left middle finger is pointing to get O-U-T.
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Re: 03/28/2012 Intraday Watering

Postby usctrojan99 » Wed Mar 28, 2012 5:31 pm

TraderGirl wrote:Was looking at FCX, here is another analysis...


Thanks for the chart. I bought 100 shares at 37.11 today. Plan on holding my FCX position long-term. FCX was caught in a downtrend channel end of December, as well, and bounced up. I have no idea what happens here, but I have some powder dry to get more under $35.
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Re: 03/28/2012 Intraday Watering

Postby SWalsh » Wed Mar 28, 2012 5:32 pm

Cobra wrote:consolidation then breakout, I think bulls have chances.


The Bull Run was moved up 14 weeks...all bulls must leave immediately as it's rumored there will be many elderly this year AND "The Lloyd" will be clad in red at the front of the pack:

The fiestas of San Fermin are celebrated in Irunea/Pamplona, in the region of Navarra, every year from the 6th to the 14th of July. They have become internationally known because of the running of the bulls, where the bulls are lead through the streets of the old quarter as far as the bull ring by runners.
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Re: 03/28/2012 Intraday Watering

Postby usctrojan99 » Wed Mar 28, 2012 5:46 pm

Jose wrote:As for FCX i wouldn't recommend any long entries (based on a fundamentals thesis i strongly recommend you to read: http://seekingalpha.com/article/434501- ... mmodities- the author has a few more articles on the same subject that i would recommend reading also)

Also from the same author (i guarantee that i'm not him :D ) and about the talk today on holding TVIX or other for long term : http://seekingalpha.com/article/453531- ... -long-term - Conclusion is don't even think about it.


I think you make a valid point. I'm taking a longer view on this trade. Fundamentally, China slowing or not, it's trading less than 8 P/E and has a healthy balance sheet. Nice dividend increase to boot. I lowered my average to $37.81 after buying 100 shares today. Currently trading with a 3.3% dividend yield. If FCX tanks, I'll buy some more and increase my yield. Of course, it would be nice for this to make an earnings move ;). This stock has seriously underperformed the market.
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Re: 03/28/2012 Intraday Watering

Postby shumushu » Wed Mar 28, 2012 7:33 pm

Cobra mentioned about the end of march seasonality, we may experience a few day so chop in this ascending triangle. However, take a look at the performance of April. Again courtesy of cobra's site. We are at 52 week high and next month looks great.
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ascending triangle on the S&P
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Re: 03/28/2012 Intraday Watering

Postby usctrojan99 » Wed Mar 28, 2012 7:37 pm

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Re: 03/28/2012 Intraday Watering

Postby Jose » Thu Mar 29, 2012 6:49 am

My view on EURUSD at the moment

1heurusd.jpg
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Re: 03/28/2012 Intraday Watering

Postby Jose » Thu Mar 29, 2012 8:41 pm

It's in the top of my channel so low risk shorting point, stop in a candle close above 1,3350. See you tomorrow guys
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Re: 03/28/2012 Intraday Watering

Postby Jose » Fri Mar 30, 2012 7:11 am

Stopped :(
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