11/11/2011 Intraday Watering

[cougar]

AAPL today:

[Richarab]

update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

How far can “bears” get with nyadv 2542 and nydec 462 ?
Having said that, recall (last week?) when spy “corrected” two full points with similar nyadv readings (?)

worst gambling table (next to this market) is the blackjack table at Schipol airport (Amsterdamn)
pushes go to the dealer - dealer hits soft 17 - blackjack pays 1.1 - and its a 12 deck auto-continuous-shuffle shoe...

[xfradnex]

cobra, check your post times. Hr off?

go to "getting started", it's your problem now.

Fixed.

Don't need to answer- What do unregistered users see.

[Cobra]

volume surge, no idea it means bottom or top, let's wait.

[SB73]

Huge gap with no follow through appears to be generally bearish over the nest session and may indicate the beginning of a rollover pattern. Full disclosure out of all position up a measly 1% for the week.

[Al_Dente]

Thank you for that information. Do you possibly have a link to that study? I'm in the process of programing a backtest along those lines.. it would be very helpful! Thanks.

Thoughts? Comments?

I REALLY like your renko
On my “regular” daily charts I use 3ema on $INDU, based on Dow Theory career-man Robert Colby’s strategy (from his encyclopedia). Colby attempted to update the classic Dow Theory for the modern trader. He backtested Dow’s work over 101 years and concluded that CLOSING above/below the 3ema exponential moving average on the Dow ($INDU) was the “best” entry/exit signal for traders, but in “classic” Dow Theory style, IT MUST BE CONFIRMED BY THE TRANSPORTS.
I know lots of traders on this board use 5sma on daily (without tranny confirm?), I’ve eyeball tested that….very similar results.
Thanks 4 sharing yr chart (will study it more later), please keep updating us

page me monday, have to look it up, i think he's on the net, try robertcolby.com (apologize if wrong... try google)

[xfradnex]

Tom Mcclellan going to be on bloomburg. after commercial.

[MrMiyagi]

Are you holding shorts over the weekend MrMiyagi?

No thanks, I got plenty. I would have like to go cash into the weekend but had to be out yesterday when TZA was green and missed a sell. The question is: where it goes Monday morning?

[Cobra]

cobra, check your post times. Hr off?

go to "getting started", it's your problem now.

Fixed.

Don't need to answer- What do unregistered users see.

they see everything. I set no limit to unregistered user. I want this forum as free as possible.

[Cobra]

L1 short. I really have no idea and no confidences on bears, so still, let's wait.

[Cobra]

support. key time.

[tdo722]

Are you holding shorts over the weekend MrMiyagi?

No thanks, I got plenty. I would have like to go cash into the weekend but had to be out yesterday when TZA was green and missed a sell. The question is: where it goes Monday morning?

I don't want to short right now if we don't have a higher top to complete this bull flag and the consolidation pattern we're in all day today. This might play out on Monday by afternoon or so and at the end of day on Monday, I hope to jump into TVIX at even cheaper price than now.

[ActiveTrader]

Looks like the bots suckering both sides before they pop or drop it into the close.

[Tabby]

You are not the only one, I am too. I can't believe this market going up on bad news, good news , no news. I think we have secerte QE3 by uncle Benny.

We have not so secret QE by ECB. Every Italian, Greek, Spanish, Portuguese bond purchased by ECB is QE. These are supposed to be strerilized purchases, i.e. they should sell some other bonds. So far ECB have bought 100+ billion euro junk government bonds. Have they really sold 100+ billion euro other bonds? Which ones?

[Al_Dente]

If y’all on board could just leave for the weekend already, then we could commence the REAL move.
PS: the VIX bolinger compression (when it works), usually (or whenever it feels like it) plays out the next trading day in the form of a ginormous gap on open. But like all good bolingers… it doesn’t “tell” which direction !

The longer the consolidation, the greater the significance of the breakout.

breakout or breakdown? RSI suggests higher vix, lower spy......but i NEVER trust rsi as a "tell" on a vix bolinger compression

[SB73]

spy has closed near the high of the day in 16 out of 19 sessions since the October low....should something different be expected?

[SigmaEcho]

L1 short. I really have no idea and no confidences on bears, so still, let's wait.

can it be bullflag?

[Cobra]

L1 short. I really have no idea and no confidences on bears, so still, let's wait.

can it be bullflag?

yes, but what I'm talking here are mostly intraday, so your bull flag doesn't apply today.

[waverider]

I think you know the answer lol. Breakout, whether it's up or down.

[Al_Dente]

update http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592
How far can “bears” get with nyadv 2542 and nydec 462 ? Having said that, recall (last week?) when spy “corrected” two full points with similar nyadv readings (?)

worst gambling table (next to this market) is the blackjack table at Schipol airport (Amsterdamn)
pushes go to the dealer - dealer hits soft 17 - blackjack pays 1.1 - and its a 12 deck auto-continuous-shuffle shoe...

I like the very few places left in Vegas where they still use single-deck manual shuffle 21; I’m not smart enough to count cards, but I like to think I am.
PS: I’ve enjoyed your VIX drinks on the house…. Thank you