08/12/2011 Intraday Watering

Al_Dente · Post by **Al_Dente** » Fri Aug 12, 2011 2:15 pm

Financials leading down. Ouch

KENA · Post by **KENA** » Fri Aug 12, 2011 2:15 pm

BB52x..It looks like the mkt can't break 1176 area.Several attempts. Now it is below my trend line. Now lets see.

KENA · Post by **KENA** » Fri Aug 12, 2011 2:17 pm

KENA wrote:BB52x..It looks like the mkt can't break 1176 area.Several attempts. Now it is below my trend line. Now lets see.

PS should read 1186

BullBear52x · Post by **BullBear52x** » Fri Aug 12, 2011 2:17 pm

Post by **Cobra** » Fri Aug 12, 2011 2:21 pm

OK, so much of the ascending triangle cases, now let's see rectangle case, the green line below must hold in order for this case to be valid.

agnosia · Post by **agnosia** » Fri Aug 12, 2011 2:21 pm

RISK OFF FRIDAY's.... that is all.

Al_Dente · Post by **Al_Dente** » Fri Aug 12, 2011 2:22 pm

Petsamo wrote:In looking at the 1 min chart, did we just get a signal to sell off?

Yup

BullBear52x · Post by **BullBear52x** » Fri Aug 12, 2011 2:25 pm

I am clean, now no short term position, ZIP Zero. sell first ask question later. have a good weekend all, what a waste of time today

Al_Dente · Post by **Al_Dente** » Fri Aug 12, 2011 2:27 pm

Cobra wrote:OK, so much of the ascending triangle cases, now let's see rectangle case, the green line below must hold in order for this case to be valid.

cobra: I really want it to hold 117.64 which is the neckline for the reverse head and shoulders, and the important support from the 8/8 high. Love ya, man

oldpigwang · Post by **oldpigwang** » Fri Aug 12, 2011 2:36 pm

Cobra Da: do you feel bearish by this big down bar?

Petsamo · Post by **Petsamo** » Fri Aug 12, 2011 2:38 pm

Al_Dente wrote:
Petsamo wrote:In looking at the 1 min chart, did we just get a signal to sell off?
Yup

Japan, Hang Seng, & India sold off from their open. Europe rallied. I think we're just responding to Asia. A Europe gap down on Monday makes sense.

rhight · Post by **rhight** » Fri Aug 12, 2011 2:43 pm

varaamo wrote:Many Thanks rhight for sharing this.

Does Ned Davis have any similar indicator for determining tops of this intermediate runs? Looks like you subscribing to Ned Davis newsletter or something? If so, can you please share the type of subscription to their research. On their website, i noticed there are bunch of them.

rhight wrote: I'm including a chart of one indicator that supposedly has a good track record and has not triggered since March 2009 (see bottom of chart.) The idea comes from "Technical Analysis" Kirkpatrick/Dahlquist page 147.

The Ned Davis data set is from 1966 to 2005, the chart is labeled "New Highs Minus New Lows / Issues Traded -- Five Day Smoothing" in which they label this zone "So Bad It's Good". The text reads, "It shows a particularly strong positive result when the ratio declines to below -13.8%. Otherwise, the results are mixed."

No, no, no. Ned Davis is way outside my pay grade. The info comes from the text book mentioned, one that I have read cover to cover and can recommend as well written. As far as tops and bottoms go, I like to say that bottoms don't last long, but tops drag on forever (relatively speaking).

Ninja Trader · Post by **Ninja Trader** » Fri Aug 12, 2011 2:45 pm

The Kirkpatric and Dahlquist book is a very good one

Required reading for CMT exams

Post by **Cobra** » Fri Aug 12, 2011 2:45 pm

oldpigwang wrote:Cobra Da: do you feel bearish by this big down bar?

I'm disappointed. so far the market only proves my forecast: this is just a rebound.

alf · Post by **alf** » Fri Aug 12, 2011 2:46 pm

Petsamo wrote:
Al_Dente wrote:
Petsamo wrote:In looking at the 1 min chart, did we just get a signal to sell off?
Yup
Japan, Hang Seng, & India sold off from their open. Europe rallied. I think we're just responding to Asia. A Europe gap down on Monday makes sense.

varaamo · Post by **varaamo** » Fri Aug 12, 2011 2:50 pm

rhight,

Thanks for clarifying. Didn't know Ned Davis was expensive. Thanks for the book recommendation. I will get the book then.

One more question. When you say "tops drag on forever", then unlike your "Bottom detector", do you mean there is no reliable way for "Top Detector" ?

Many Thanks,

rhight wrote:
varaamo wrote:Many Thanks rhight for sharing this.

Does Ned Davis have any similar indicator for determining tops of this intermediate runs? Looks like you subscribing to Ned Davis newsletter or something? If so, can you please share the type of subscription to their research. On their website, i noticed there are bunch of them.

rhight wrote: I'm including a chart of one indicator that supposedly has a good track record and has not triggered since March 2009 (see bottom of chart.) The idea comes from "Technical Analysis" Kirkpatrick/Dahlquist page 147.

The Ned Davis data set is from 1966 to 2005, the chart is labeled "New Highs Minus New Lows / Issues Traded -- Five Day Smoothing" in which they label this zone "So Bad It's Good". The text reads, "It shows a particularly strong positive result when the ratio declines to below -13.8%. Otherwise, the results are mixed."
No, no, no. Ned Davis is way outside my pay grade. The info comes from the text book mentioned, one that I have read cover to cover and can recommend as well written. As far as tops and bottoms go, I like to say that bottoms don't last long, but tops drag on forever (relatively speaking).

oldpigwang · Post by **oldpigwang** » Fri Aug 12, 2011 2:54 pm

Good, so we still have hope to go to the low to load up.

Post by **Cobra** » Fri Aug 12, 2011 2:55 pm

rhight wrote:
varaamo wrote:Many Thanks rhight for sharing this.

Does Ned Davis have any similar indicator for determining tops of this intermediate runs? Looks like you subscribing to Ned Davis newsletter or something? If so, can you please share the type of subscription to their research. On their website, i noticed there are bunch of them.

rhight wrote: I'm including a chart of one indicator that supposedly has a good track record and has not triggered since March 2009 (see bottom of chart.) The idea comes from "Technical Analysis" Kirkpatrick/Dahlquist page 147.

The Ned Davis data set is from 1966 to 2005, the chart is labeled "New Highs Minus New Lows / Issues Traded -- Five Day Smoothing" in which they label this zone "So Bad It's Good". The text reads, "It shows a particularly strong positive result when the ratio declines to below -13.8%. Otherwise, the results are mixed."
No, no, no. Ned Davis is way outside my pay grade. The info comes from the text book mentioned, one that I have read cover to cover and can recommend as well written. As far as tops and bottoms go, I like to say that bottoms don't last long, but tops drag on forever (relatively speaking).

How much is Ned Davis services?

oldpigwang · Post by **oldpigwang** » Fri Aug 12, 2011 2:56 pm

Can we enter short here?

Post by **Cobra** » Fri Aug 12, 2011 3:02 pm

oldpigwang wrote:Can we enter short here?

I won't

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08/12/2011 Intraday Watering

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