12/24/2012 Live Update

[BullBear52x]

Q&A: XHB Home builders.

Q & A? How about "I hope you are right!" as I own XHB in my retirement account. Look at a weekly chart as it looks like it wants to make new multi-year highs.

XHB looks like it has a flag.
I see a flag as just a holding pattern, as it decides what it wants to do, drop or continue to rise.

IYR anyone? Swing first sell countertrend, intraday first sell the rip, let see how it goes from here. a little aggressive I know.

[Al_Dente]

KENA
another double dome, targets met, and busted
now double bottom
boss there are domes all over the place for Xmas

[67Chevy]

Merry Christmas to all for whom it applies, and for everyone else, best wishes for whatever you may celebrate this holiday season.
As a gift, let me share the following wisdom, which was posted somewhere on the web some weeks ago by someone I can't remember but to whom credit is due.
Enjoy.

Excellent post. See comments below. MERRY CHRISTMAS!!!!


11 Things They Didn’t Tell Me About Being a Trader

1. Filling in your day with non-trading activities so that you don’t tinker with your plan is harder than you’d think.

I do projects now - like tinker with my old truck

2. Finding other traders who understand where you’re at is critical to your success.

Two old and dear friends have the trading bug...I'm no longer a lone wolf and makes a world of difference

3. Handling the profits is just as hard as handling the losses.

Who would have thought the profits might actually be harder...

4. Over time you begin to become unemployable. Eventually you won’t want any other job.

Ok, I am now a bum but I love what I do

5. Trading with your back to the wall out of desperation doesn’t work.

Gratefully not there today

6. Trading Plan + Time + Support = Trading Success

Support from other professionals is priceless IMHO

7. Sometimes non-traders will irritate the beegeebeez out of you because they’ll think you’re a gambler, unemployed, irresponsible or a stuck up mole with too much money. Luckily, you and I know that trading is a noble profession where we live by our wits and get paid in direct proportion to our levels of discipline.

One of my friends called me a gambler recently and I almost slapped him

8. Your relatives won’t respect or understand what you do, but when there’s a crisis that money can fix – you’ll be the first person they run to.

I'm just lucky on this one. Still amazed they let me be continue to be a member of this family.

9. You’ll need to find a deeper meaning in your life than just earning money.

Love your neighbor.

10. The extra face to face time you spend with your family and the people you CHOOSE to be with is the most incredible gift trading can provide.

It's becoming clear how precious this gift is.

11. The choices that this way of life opens up simply can’t be understood by the outside world.

This one is still sinking in. Hard to wrap my small mind around sometimes

[Petsamo]

Merry Christmas everyone. My polynomial regression channel indicates we are bottoming here.

xrizgES_03-13_(60_Min)__12_24_2012.jpg

Do you get the same inference if you did your same channel for the SPY ?

[KENA]

PAGE KENA
Big dome, little dome targets; both met
Back-testing at the 38% fib
What's next boss?
I think she may bounce down to fill a gap or test a low ???
(Merry Xmas boss )

The attachment 1224domes.png is no longer available

It looks like the $ could be going up..Note it is near support..The RS is 44.12 and heading up..Maybe now it goes up to form a new dome??

Al_D..You and your family have a great christmas..Don't forget whose birthday it is.

[Petsamo]

Q&A: XHB Home builders.

Q & A? How about "I hope you are right!" as I own XHB in my retirement account. Look at a weekly chart as it looks like it wants to make new multi-year highs.

XHB looks like it has a flag.
I see a flag as just a holding pattern, as it decides what it wants to do, drop or continue to rise.

IYR anyone? Swing first sell countertrend, intraday first sell the rip, let see how it goes from here. a little aggressive I know.

IYR is underbought relative to IWM, which is underbought relative to SPY. I personally wouldn't short it.

[KENA]

The 1hr green line is heading up again and ready to cross for another up move..Lets see.

[Petsamo]

If any doom & gloomer wants to short anything, the best candidate I can see is the airlines (FAA).
Three years ago, no one wanted the airlines, especially Jim Kramer.
FAA is very overbought relative to USO, which is very underbought relative to SPY.

I'm not recommending you short FAA, but if you're eager to short something, you should do your due diligence before doing so.

[Claudio.dicorato]

Wake up!!!!!

[Mr. BachNut]

Nice truck 67chevy!

[Al_Dente]

it’s dome day
here’s aapl with support and resist

http://www.youtube.com/watch?v=IjmK2E_WJbw

[Claudio.dicorato]

Nice blonde and nice song.. Thanks

[Mr. BachNut]

I am seeing a negative McClellan Oscillator today (let's see where it closes) for the first time in awhile along with a pretty clear declining tops line in the MO since the end of November.

With the light holiday trade, the reading may be suspect, but the bulls have some work to do or I'll be getting a sell signal soon.

[67Chevy]

Nice truck 67chevy!

Thanks, Mr. B.

Nice wig.

[KENA]

In the absent of Miyagi we have a P Bar at 142.75. Let see if it goes today..It would not suprise me.

[rpccharts]

VIX to 28?

[Al_Dente]

JJC copper miners
Q: Who can trade this ?
This thing is thinner than a runway model
(another dome perhaps? Oy)

http://www.youtube.com/watch?v=VXK50lsrdq4

[MrMiyagi]

In the absent of Miyagi we have a P Bar at 142.75. Let see if it goes today..It would not suprise me.

From when do you show that?

[cheese]

Is there after hour trading today?

[Mr. BachNut]

Nice truck 67chevy!

Thanks, Mr. B.

Nice wig.

Nice truck!