11/11/2011 Intraday Watering

[CMT]

I'm extremely confused right now, any elliot wavers out there that can help??? Aren't we currently in a 3-3-3-2 minor wave up? I've never been more convinced of anything, but maybe I'm wrong. I guess that is still in play as long as we don't break 1276. I'll be taking on a nasty loss just to see if that is right or not. Thanks in advance for any help!

Why do you have so much faith in Elliot wave? A broken clock would be right twice a day.

agree

Elliot wave has sex appeal, but in the end doesn't deliver results. Go take a look at a website like this one and read through all of the alternates and gyrations. I think this guy is relatively successful, but I would believe it is a product of him being more bullish biased in this environment. Perhaps in a more bearish scenario he would struggle as he is generally favoring a bullish count.
http://waveprinciple.blogspot.com/

Thanks SB for the site, I'll check it out! Will be good to see the other side of this, rather than my bearish one.

[Petsamo]

trade what you see ...

Everytime I trade what I see, the market has a great tendency to stop dead in its tracks ... and reverse.

[99er]

My bikini? You mean this one?

http://nikkisanderson.fansiter.com/pict ... ing-b0.jpg

[Cobra]

Coba, I am puzzled. How can NATV/NYTV be a reliable top indicator? It is the ratio of nasdaq volume over the total NYSE volume, right? When the relative activity is higher on the nasdaq compared to the total nyse activity, then it must be a top ... why?

because Nasdaq is consider as high beta stock, so when it gets too much attention, it means people are getting too greedy.

[MrMiyagi]

This is yesterday's chart showing a fine H&S target. Yesterday I would have shorted here, today I'm not. I checked many charts last night and I'm now more bullish than yesterday. If I short (not sure yet) at a higher level.

8.png

SPX 1300 coming soon.

[MrMiyagi]

Why is AAPL down?

[xfradnex]

Why is AAPL down?

supply shortages. but some guy on bloomberg says he is buying the dip.

[Cobra]

target,80% chances. Noticed it failed twice in a day recently.

[Richarab]

Trader Vix - half off drinks, again. cant believe it

[txsky]

I agree with you.
How about 1270 or when eur/usd @ 1.373?

This is yesterday's chart showing a fine H&S target. Yesterday I would have shorted here, today I'm not. I checked many charts last night and I'm now more bullish than yesterday. If I short (not sure yet) at a higher level.

8.png

[jarbo456]

here's another one. SPX up now 2.9%, Euro up 1.4%.

[soku]

Why is AAPL down?

battery problem.

[dcurban1]

Friday Commentary on unemployment and gold charts with some support levels

http://atruecontrarian.blogspot.com/201 ... -2011.html

[KENA]

My bikini? You mean this one?

http://nikkisanderson.fansiter.com/pict ... ing-b0.jpg

YA!

[Cobra]

sorry, wrong target.

[Dow Trader]

trade what you see ...

Everytime I trade what I see, the market has a great tendency to stop dead in its tracks ... and reverse.

maybe it is because your strategy, methods or market reading, most traders rely blindly on back results and they don't pay attention to market signals and changes. Also it is very important to choose the suitable market for the method ( for example, I stopped trading Euro since Jun,2011 because it is really not the same as the past by the way, I trade Euro since 2000. If you want I can give more examples

[gabor]

Coba, I am puzzled. How can NATV/NYTV be a reliable top indicator? It is the ratio of nasdaq volume over the total NYSE volume, right? When the relative activity is higher on the nasdaq compared to the total nyse activity, then it must be a top ... why?

because Nasdaq is consider as high beta stock, so when it gets too much attention, it means people are getting too greedy.

OK, so nasdaq is the most speculative sector of the NYSE.

[xfradnex]

italian bond down big from 6.9x% area to 6.4x area. The new guy will fix it.

[stockcycle]

Seems that we gonna see a pull-back

[Al_Dente]

internals
nyadv is confirming the spy highs; first neg divergence on rsi
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

This is a long LONG zh guest post on China, worth reading (save for later).
Recommended for a) newbies, b) China bulls/bears, and c) fans of “The Donald,” who want to just go over to China and “tell them a thing or two.”
Also recommended are the three links near the end of the article.
http://www.zerohedge.com/news/guest-pos ... bout-china