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10/27/2011 Intraday Watering

janez
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Re: 10/27/2011 Intraday Watering

Post by janez »

Anyone thinking of shorting Gold?
bobo
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Re: 10/27/2011 Intraday Watering

Post by bobo »

StrikePrice:

So with your alternate, is your target around 1310 where the dots are above in the channel?
StrikePrice wrote:
bobo wrote:StrikePrice or any other EW types:

As I said the other day I am new to the board.

Where do you think we are in the wave count. I suspect we are in (v) of C of minor 2. I am not sure if iii of (v) is concluding or we are near the end with one pullback and a push higher to conclude it. There is a Bradley model date tomorrow.

The sad part is that the retail investor who sells in May and goes away may be buying in right now and will be caught holding the bag. If there is a minor 3 down on the way it could be devastating for the retail sector heading into the holiday shopping season.
I only count short-term so can't say major or minor. Gotta always make something your own. I count from Major Top or Bottom. 1075 most recent Major Bottom fully confirmed today with breakout of down channel from 1340. Here is my Alternate to my Primary posted earlier. This one is gaining more validity as this breakout holds above 1262.
SB73
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Re: 10/27/2011 Intraday Watering

Post by SB73 »

Looks like the 3 push up pattern is still in play although the SPX is riding the upward trendline. I decided to take what appears to be a low risk short. If we close above trendline I will take the loss. GLTA
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BullBear52x
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Re: 10/27/2011 Intraday Watering

Post by BullBear52x »

KENA wrote:Hope you all are watching the volume..Very low on up and much more on dn.
I know volume play a major part but price pay, I focus more on price pattern the only time they get me is over night gap. well, it is what it is like I always said. it would be so boring if it's so easy right? :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
kamukak
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Re: 10/27/2011 Intraday Watering

Post by kamukak »

Double top, shorting here,
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Al_Dente
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Re: 10/27/2011 Intraday Watering

Post by Al_Dente »

Michelle wrote:
Al_Dente wrote:Go to 10:26ET on 1/25/11 (i think?), snag that post/chart, and come back
back to January? J/K...I will, but can't now.
Sorry, was 10/25 post.....edited/reproduced here:
.....First, we went astray on the correlation, I started with ECH Chile, and wanted u to see the China/$SPX/Indonesia/Peru all at near perfect correlation with Chile. (As u know: perfect correlation is 100%, zilch negative correlation is 0%, anything above 50% is considered positive correlation, etc….), anyway, maybe no surprise (?) that the biggest copper producing nations all correlate strongly…. but Chile corr with $SPX was a surprise, and Chile’s NOT AS STRONG correlation w JJC was a surprise…. http://stockcharts.com/h-sc/ui?s=ECH&p= ... listNum=15
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
janez
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Re: 10/27/2011 Intraday Watering

Post by janez »

covered aapl short. +3.2 points. Need to be out for the day soon. my brokerage can't set stops on options. suck.
Last edited by janez on Thu Oct 27, 2011 11:29 am, edited 1 time in total.
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Apple
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Re: 10/27/2011 Intraday Watering

Post by Apple »

janez wrote:shorted xom.
looks good :mrgreen:
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BullBear52x
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Re: 10/27/2011 Intraday Watering

Post by BullBear52x »

99er wrote:Tabby


But do your analysis; don't blindly follow some dude with crayons and a ruler!

What about the guy on CNBC that rolled up his sleeve and tell you to buy or sell :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
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KENA
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Re: 10/27/2011 Intraday Watering

Post by KENA »

Another P Bar at 124.31..Maybe its for real..You think???????
cougar
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Re: 10/27/2011 Intraday Watering

Post by cougar »

99er wrote:cougar: "many shorts refuse to cover"

What is Volpinacci saying today? It looks to me that we're going to have a correction here only to bounce once again for a final thrust up. That top will be the short of a lifetime.
Volpinacci is sending you his regards and this chart, which you probably remember. He has a broad zone as a target for this C wave up (in red on the “dome”, to be reached soon)…when we also should close the corrective WAVE 2 (in yellow square). Then…down on big W3!
===
Note: he thinks, however, that now the “banksters” will outperform the rest of the market. That is why he selected the GS chart which I posted earlier this morning. The present conditions of over-leveraging and voluntary but conditional haircuts are wonderful fertile grounds for THEM!
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pablorynx
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Re: 10/27/2011 Intraday Watering

Post by pablorynx »

KENA wrote:Hope you all are watching the volume..Very low on up and much more on dn.
Past three years, mkt has traded that way. Low volume, high volume down. I have had to disregard "volume leads price" argument for a while now.
agnosia
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Re: 10/27/2011 Intraday Watering

Post by agnosia »

janez wrote:Anyone thinking of shorting Gold?
a favorite quote of mine:


"Retail traders like to do one thing more than anything else: They like to sell things that are going up and buy things that are going down."

btw i am long some /gc @ 1720 looking for a move up to 1780. might get bumpy though.
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Petsamo
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Re: 10/27/2011 Intraday Watering

Post by Petsamo »

UNG's 1 min chart looks interesting. Right after getting slammed, it picks up very quickly.
Twitter @jackwag0n
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Cobra
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Re: 10/27/2011 Intraday Watering

Post by Cobra »

zhyuan04 wrote:
Cobra wrote:
zhyuan04 wrote:
Cobra wrote:could be a small bear flag. not sure.
Hi Cobra. Was Yesterday a MAD day? Thanks.
no
Thanks. Let's see if we can close at MAD today. If not, I sense weakness in bulls.
so far it's MAD.

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Apple
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Re: 10/27/2011 Intraday Watering

Post by Apple »

BullBear52x wrote:
99er wrote:Tabby


But do your analysis; don't blindly follow some dude with crayons and a ruler!

What about the guy on CNBC that rolled up his sleeve and tell you to buy or sell :lol:
Is that the guy who said mkt going up, buy BAC last year early sept? I know that guy. :roll:
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Petsamo
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Re: 10/27/2011 Intraday Watering

Post by Petsamo »

KENA wrote:Another P Bar at 124.31..Maybe its for real..You think???????
I don't see it.
Twitter @jackwag0n
Tabby
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Re: 10/27/2011 Intraday Watering

Post by Tabby »

99er wrote:Tabby

I'm thinking that SPX falls to either the magenta or the red line. Then I'll switch sides.

http://99ercharts.blogspot.com/2011/10/spx_4477.html

But do your analysis; don't blindly follow some dude with crayons and a ruler!
99er,
I think it takes tme to get there. I believe the deadline how to balance cut and spending were scheduled for NOV. We will be hearing about it next month. I don't think we fall fast till next week. Maybe or maybe not.
StrikePrice
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Re: 10/27/2011 Intraday Watering

Post by StrikePrice »

BullBear52x wrote:Bulls won, market love liquidity no mater where it comes form
I'm with you. Larger look that turns me from Bear to Bull. A new high for the year only 100 points away.
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BullBear52x
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Re: 10/27/2011 Intraday Watering

Post by BullBear52x »

here is my intraday money line. I wouldn't re-sell unless it trades below
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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