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Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:31 pm
by quientuves
As always for bulls... they'll knock the door till it opens or fells apart...
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:34 pm
by Al_Dente
Professor Miyagi
Is it but butt button time yet?
Kitty indicator signal …..
http://screencast.com/t/fag1bUGgR
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:36 pm
by noob
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.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:39 pm
by TradingJackal
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.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:40 pm
by EvilTrader
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.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:43 pm
by Anaconda
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.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:48 pm
by Al_Dente
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
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:49 pm
by MrMiyagi
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!
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:51 pm
by BullBear52x
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
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:56 pm
by Harapa
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?
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:57 pm
by Al_Dente
EXACT double top on day
bust it or fail right here right now
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 2:58 pm
by MrMiyagi
BullBear52x wrote:
not looking like bulls going to make any more push
Nice
white charts!
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:00 pm
by BullBear52x
OK now my criteria are met, shopping time. tick tick tick....no ding ding yet.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:00 pm
by Al_Dente
Harapa wrote:Al_Dente wrote:FIFTH test of 200ma on the 5m
XIV HOD, is it telling anything?
wow yes indeed
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:01 pm
by KENA
Now you have it..Slow creep up and new hi..Glad I have not been at the computer much today.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:01 pm
by BullBear52x
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
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:02 pm
by noob
Cobra, should bulls pray for red day today? Is there any stats on 5 day up?
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:03 pm
by TradingJackal
Holy cow, another Wolfe. We are going down, down, down.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:06 pm
by BullBear52x
Sell here,
EDIT: because the MACD now turn bullish, next dip will be bought again. get ready for a tuck of war.
Re: 08/10/2012 Live Update
Posted: Fri Aug 10, 2012 3:09 pm
by Nrsimha