12/09/2011 Intraday Watering

[Cobra]

Gap up open but within yesterday's range plus most gaps (up or down) the day after a Major Distribution Day get filled, so chances are the gap will be filled.

The global ES hit the resistance and is now rolling over. I think this down leg starting from yesterday's pre hour, should be a 2 legged down at least, the 1st leg was completed overnight and the 2nd leg may or may not have started.

[Ballrus]

I just signed up and reserved the ten $ slot and I can hardly wait till the new day starts...Thanks to all who contribute

[Cobra]

I just signed up and reserved the ten $ slot and I can hardly wait till the new day starts...Thanks to all who contribute

Thanks, appreciate. I swear I won't use your bailout money to buy private jet, I'll take a good use of it.

[noob]

Morning Cobra! You mentioned in market outlook there may be a strong rebound, but I couldn't really see why, could you maybe share your thoughts quickly? Thanks! Want to learn!

[cl666cl666]

I have signed in for membership to support you and I guess I was one of the first couple of them. Cannot wait for the membership to go live.

[Al_Dente]

Good morning Boss and good morning Madame President

Follow up: Here’s TRIN on the daily
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15

Green dotted lines indicate where TRIN hit the bottom spot-on (but often VERY short term bottom).
Blue dotted lines indicate fails, or more precisely, blue indicates that more selling days were coming.
As you can see, TRIN has some talent in “telling” of more selling days to come before eventually finding a bottom, but sometimes TRIN +3 hits the exact bottom. It looks to me like TRIN +6 is more gifted in telling an exact bottom. It also appears that the higher the TRIN close, the better the chance of nailing an exact oversold bottom, albeit often short term.
There are better ways to find a bottom, that’s why I kinda gave up on TRIN daily, and now just use it 1 min TRIN to see “possible” bot/program trading/HFT indications.
As I mentioned yest, Bernie Schaeffer’s number used to be “TRIN 3” for a oversold bottom “zone”.
I didn’t see him mention TRIN last night, but no time to check this morn.
http://www.schaeffersresearch.com/commentary/
Bernie is a smart guy, but this board is full of smart guys/gals, any comments?

With all serious respect, here is a song for our Madame President
http://www.youtube.com/watch?v=K1V7auwgpP0

[99er]

Good Morning.

So honey, now that we have our electricity back, what should we do?

http://99ercharts.blogspot.com/2011/12/super.html

Besides reading the comics of course.

TGIF and GLTA.

[99er]

Well...

EURUSD http://99ercharts.blogspot.com/2011/12/eurusd_09.html

We could just turn the lights back off. Wanna neckline?

[knock]

Good Morning.

So honey, now that we have our electricity back, what should we do?

http://99ercharts.blogspot.com/2011/12/super.html

Besides reading the comics of course.

TGIF and GLTA.

99er, the crowd was missing you.

[99er]

Nah.

ES http://99ercharts.blogspot.com/2011/12/es_09.html

Let's go surfing.

[Tabby]

Good Morning.
99er, people were looking for you. welcome back.

[Cobra]

Morning Cobra! You mentioned in market outlook there may be a strong rebound, but I couldn't really see why, could you maybe share your thoughts quickly? Thanks! Want to learn!

Did you see that "7 red hourly bar" chart, pay attention to the past patterns, all but one had a strong rebound thereafter.

[ultramarine]

Nah.

ES http://99ercharts.blogspot.com/2011/12/es_09.html

Let's go surfing.

Welcome back, 99er. We missed your jaunty visions of doom.

[99er]

Thanks guys.

Tell ya...it's no fun camping out in your own house for a week. And dinner by candle light? Great the first night but the eighth?

[knock]

Nah.

ES http://99ercharts.blogspot.com/2011/12/es_09.html

Let's go surfing.

wee want ze buttafly!

[Al_Dente]

Nah.
ES http://99ercharts.blogspot.com/2011/12/es_09.html
Let's go surfing.

missed your charts
BTW how's that cop?

[Cobra]

I have signed in for membership to support you and I guess I was one of the first couple of them. Cannot wait for the membership to go live.

Thank you. Appreciate.

We'll test the membership right this weekend. Then after a few days I see no more feedback about login or no right to read, I'd start to lock posts gradually one by one. This procedure is to make sure we transform into member only site smoothly. I'm sure if I suddenly lock everything, 95% members would have no problem in reading, but I just don't want that 5% members feel frustrated because he/she still cannot read the posts despite paid already. So again, we'll take one step each time. Thanks.

[Al_Dente]

What’s the best JUICED proxy for TLT (TMF is too thin, I’m looking for juice with MINIMUM 1 million shares daily volume), anyone, please?

PAGING JARBO
U notice MUB new highs, while zilch treasuries have hit highs
Am hoping u will post any chatter from yr muni friend

[99er]

Honey...

SPX http://99ercharts.blogspot.com/2011/12/spx_09.html

Should I surf in this?

[newbie_77]

99er,
missed your presence welcome back

Good Morning.

So honey, now that we have our electricity back, what should we do?

http://99ercharts.blogspot.com/2011/12/super.html

Besides reading the comics of course.

TGIF and GLTA.