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08/10/2012 Live Update

Re: 08/10/2012 Live Update

Postby quientuves » Fri Aug 10, 2012 2:31 pm

As always for bulls... they'll knock the door till it opens or fells apart...
Last edited by quientuves on Fri Aug 10, 2012 3:05 pm, edited 1 time in total.
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Re: 08/10/2012 Live Update

Postby Al_Dente » Fri Aug 10, 2012 2:34 pm

Professor Miyagi
Is it but butt button time yet?


Kitty indicator signal ….. http://screencast.com/t/fag1bUGgR
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Re: 08/10/2012 Live Update

Postby noob » Fri Aug 10, 2012 2:36 pm

taggard wrote:
Nrsimha wrote:
TradingJackal wrote:How about this -



Looks bullish.


Yeah so the dilemma seems to be that yes the market has 'melted-up' due to low volume (and da big boys usually no
like that) BUT it seems to me that there are an awful lot of 10 week/ 20 week ma bullish crosses (or near crosses) --
everywhere I look -- isnt that like SUPER-bullish ?? Anyone anyone?

well if a nice looking building is built of beach sand (and thus will cave) it's certainly ok to rent very short term--but long term purchases are going to be risky at some point. anything is only as strong as the parts it is built out of. anything works for 100-200 spx points--esp given the almost inevitable irrational action near tops. But sooner or later you wind up having to deal with reality. and the reality so far is the foundations look pretty weak.


Nowadays bad news is good news, good news is still good news. Learn to ride the trend, which is up for now.

The fact we are hovering at 1400 says that's some chance they want to push to 142x-143x before dropping it, who knows.
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Re: 08/10/2012 Live Update

Postby TradingJackal » Fri Aug 10, 2012 2:39 pm

My mistake in the previous chart. I labelled the waves today as 1 and 2. It should actually be an ABC up. I believe we are close to putting the finishing touches to B.

So, in anticipation, here is a poem I wrote:

Cometh the happy hour
Hail the HFT power
Stops popped, the sheep rollover
Wolves rule, game over.
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ES.png
There are no bulls or bears in the market. Only wolves and sheep.
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Re: 08/10/2012 Live Update

Postby EvilTrader » Fri Aug 10, 2012 2:40 pm

taggard wrote:
Nrsimha wrote:
TradingJackal wrote:How about this -



Looks bullish.


Yeah so the dilemma seems to be that yes the market has 'melted-up' due to low volume (and da big boys usually no
like that) BUT it seems to me that there are an awful lot of 10 week/ 20 week ma bullish crosses (or near crosses) --
everywhere I look -- isnt that like SUPER-bullish ?? Anyone anyone?

well if a nice looking building is built of beach sand (and thus will cave) it's certainly ok to rent very short term--but long term purchases are going to be risky at some point. anything is only as strong as the parts it is built out of. anything works for 100-200 spx points--esp given the almost inevitable irrational action near tops. But sooner or later you wind up having to deal with reality. and the reality so far is the foundations look pretty weak.


I agree

Slow Market action testing everyone's patience to the limit :|

Specially the adrenaline junkie traders.
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Re: 08/10/2012 Live Update

Postby Anaconda » Fri Aug 10, 2012 2:43 pm

Just walked into my office and looked at the trading screen; for those who follow and may care, I have a lovely p-bar down to exactly 139 SPY, which posted at exactly 14:00 EST. Do with it what you will.
Good weekend and ciao.
A.
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Re: 08/10/2012 Live Update

Postby Al_Dente » Fri Aug 10, 2012 2:48 pm

FIFTH test of 200ma on the 5m
Has ANYBODY ever heard of fifth (sixth) time being the charm ????
This chop is painful
DEC 1600
ADV 1300
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Re: 08/10/2012 Live Update

Postby MrMiyagi » Fri Aug 10, 2012 2:49 pm

Al_Dente wrote:Professor Miyagi
Is it but butt button time yet?


12 more minutes to POWER HOUR...

As for The Button, I don't know which one to wax!
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Re: 08/10/2012 Live Update

Postby BullBear52x » Fri Aug 10, 2012 2:51 pm

Al_Dente wrote:FIFTH test of 200ma on the 5m
Has ANYBODY ever heard of fifth (sixth) time being the charm ????
This chop is painful
DEC 1600
ADV 1300

not looking like bulls going to make any more push
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1.JPG
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Re: 08/10/2012 Live Update

Postby Harapa » Fri Aug 10, 2012 2:56 pm

Al_Dente wrote:FIFTH test of 200ma on the 5m
Has ANYBODY ever heard of fifth (sixth) time being the charm ????
This chop is painful
DEC 1600
ADV 1300

XIV HOD, is it telling anything?
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
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Re: 08/10/2012 Live Update

Postby Al_Dente » Fri Aug 10, 2012 2:57 pm

EXACT double top on day
bust it or fail right here right now
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Re: 08/10/2012 Live Update

Postby MrMiyagi » Fri Aug 10, 2012 2:58 pm

BullBear52x wrote:not looking like bulls going to make any more push


Nice white charts!
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Re: 08/10/2012 Live Update

Postby BullBear52x » Fri Aug 10, 2012 3:00 pm

OK now my criteria are met, shopping time. tick tick tick....no ding ding yet.
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Re: 08/10/2012 Live Update

Postby Al_Dente » Fri Aug 10, 2012 3:00 pm

Harapa wrote:
Al_Dente wrote:FIFTH test of 200ma on the 5m

XIV HOD, is it telling anything?

wow yes indeed :geek:
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Re: 08/10/2012 Live Update

Postby KENA » Fri Aug 10, 2012 3:01 pm

Now you have it..Slow creep up and new hi..Glad I have not been at the computer much today. :D
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Re: 08/10/2012 Live Update

Postby BullBear52x » Fri Aug 10, 2012 3:01 pm

MrMiyagi wrote:
BullBear52x wrote:not looking like bulls going to make any more push


Nice white charts!

I'll change them all eventually, one day ;)
Trend following with me here http://bullbear52x.blogspot.com/
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Re: 08/10/2012 Live Update

Postby noob » Fri Aug 10, 2012 3:02 pm

Cobra, should bulls pray for red day today? Is there any stats on 5 day up?
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Re: 08/10/2012 Live Update

Postby TradingJackal » Fri Aug 10, 2012 3:03 pm

Holy cow, another Wolfe. We are going down, down, down.
There are no bulls or bears in the market. Only wolves and sheep.
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Re: 08/10/2012 Live Update

Postby BullBear52x » Fri Aug 10, 2012 3:06 pm

Sell here,
1.JPG



EDIT: because the MACD now turn bullish, next dip will be bought again. get ready for a tuck of war.
Last edited by BullBear52x on Fri Aug 10, 2012 3:16 pm, edited 1 time in total.
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Re: 08/10/2012 Live Update

Postby Nrsimha » Fri Aug 10, 2012 3:09 pm

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