12/23/2011 Intraday Watering

[KENA]

To many happy traders today..Something bad is bound to happen.

[CognitiveDissonance]

Anyone catch Tom Demark's comments on the uselessness of trendlines

off topic: when can we see his prediction of 1330/1340?

I'm in the 1300 camp by around Jan 9 - 12. He did call the bottom at 1074 for last Fall. Nobody can predict the future but if they can offer a statistical edge then great. He's been good so far, otherwise he'd be broke.

my two cents

[Me XMan]

Ahh... I see market is getting ahead of itself once again

here comes the breakout.

[Eagle_Eye]

Ahh... I see market is getting ahead of itself once again

here comes the breakout.

You should get your rest/consolidation soon. But don't stay short for too long. On the way to SPX 1280 - 1300 IMO. Don't mess with Santa. TNA from 39.56 on Monday at close.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

[BullBear52x]

90% of the board are bearish and TA kind of support short term top, power that be is working hard to ensure that trading is not going to be an easy game, my holiday wish to all just be patience stay light and be nimble, I am shorting FAS nothing else so far down 1% in position and I won't mind to take 1-2% profit from this lot either.

Baron von PatienceLightNimble...Who you calling 90% ?...
http://www.youtube.com/watch?v=eTGIvSCva20

I know you are 1% (miss-spell 10%) LOL. if market down Dr. Al will be swimming or something else, I know you're too patriot to say selling or shorting the market. nice thinking I joke I joke.

You’re as nutty as a Christmas fruitcake
I LOVE bear (more acceleration), just not this minute….. yet……

I’ll be singing this song soon enough
http://www.youtube.com/watch?v=M3nUNZHS ... re=related

You know how I know you are bull at heart, the day I go long, man oh man....I will get 10 good songs delicate to Baron from Dr. Al, when I went short the market, Dr. Al about ready to grill the Baron for dinner

[stockcycle]

SPY 5min looks breaking out the Ascending Triangle. I think next target may be 126.05 - 126.15.

[Al_Dente]

That beats all, breakout high spy (vs 12/13)
Yep, cobra 11:02 “ascending triangle” thanks
BUT NYADV IS NOT CONFIRMING, AND I DON’T LIKE THAT, just weakness, but important weakness… she MUST get stronger soon
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=_nD5mxkO ... re=related

[knock]

Anyone catch Tom Demark's comments on the uselessness of trendlines

off topic: when can we see his prediction of 1330/1340?

I'm in the 1300 camp by around Jan 9 - 12. He did call the bottom at 1074 for last Fall. Nobody can predict the future but if they can offer a statistical edge then great. He's been good so far, otherwise he'd be broke.

my two cents

With high respect to him for sure. We should hit a top before turning back down. Thanks for your insights.

[SB73]

Ahh... I see market is getting ahead of itself once again

here comes the breakout.

You should get your rest/consolidation soon. But don't stay short for too long. On the way to SPX 1280 - 1300 IMO. Don't mess with Santa. TNA from 39.56 on Monday at close.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

Testing overnight highs...should see a retrace here soon, but then pump it back up.

[KENA]

My last pick for swing trade long SWI still has not done anything as yet ..still around the bottom of the up channel line.I'm still watching it.Lets see.

[L_T]

Anyone catch Tom Demark's comments on the uselessness of trendlines

off topic: when can we see his prediction of 1330/1340?

I'm in the 1300 camp by around Jan 9 - 12. He did call the bottom at 1074 for last Fall. Nobody can predict the future but if they can offer a statistical edge then great. He's been good so far, otherwise he'd be broke.

my two cents

Another guy I read said earlier this week that many DeMark 9 counts were reached i.e. down trend exhaustion / buy signal so the move back up makes sense according to his system.

[heavenskrow]

/TF backtesting trendline

[cougar]

Palladium climbing a wall of worries:

[Eagle_Eye]

Ahh... I see market is getting ahead of itself once again

here comes the breakout.

You should get your rest/consolidation soon. But don't stay short for too long. On the way to SPX 1280 - 1300 IMO. Don't mess with Santa. TNA from 39.56 on Monday at close.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

Testing overnight highs...should see a retrace here soon, but then pump it back up.

Yes agree - seeing QQQ and IWM trailing, I think we rest here soon too. Though it will be a quick consolidation lower - maybe just a day or two, before continuing higher.

[tiki]

Well theres that breakout I was concerned could happen. Glad i didnt short this morning.

An interesting note is that SSO is now out/above its triangle.. SPX is peeking out as well, but SPY is still inside.. (at least on freestockcharts.com)


heh what exactly did Demark have to say about trendlines?

[Orbiter1]

Good Morning, DAX with Black Candle right now.

I hope it stays that way

DAX closed with Black Candle.

[SB73]

Ahh... I see market is getting ahead of itself once again

here comes the breakout.

You should get your rest/consolidation soon. But don't stay short for too long. On the way to SPX 1280 - 1300 IMO. Don't mess with Santa. TNA from 39.56 on Monday at close.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

Testing overnight highs...should see a retrace here soon, but then pump it back up.

Yes agree - seeing QQQ and IWM trailing, I think we rest here soon too. Though it will be a quick consolidation lower - maybe just a day or two, before moving continuing higher.

First week of January could be very interesting

[waverider]

Anyone catch Tom Demark's comments on the uselessness of trendlines

off topic: when can we see his prediction of 1330/1340?

I'm in the 1300 camp by around Jan 9 - 12. He did call the bottom at 1074 for last Fall. Nobody can predict the future but if they can offer a statistical edge then great. He's been good so far, otherwise he'd be broke.

my two cents

He predicted a high based on a fib level... lol. I'm not impressed by people who go on TV and speculate about the future, bloomberg, cnbc, etc are all simply selling to the herd.

-Most of them are not traders
-They don't care whether what's being marketed is correct or not

[Al_Dente]

90% of the board are bearish and TA kind of support short term top, power that be is working hard to ensure that trading is not going to be an easy game, my holiday wish to all just be patience stay light and be nimble, I am shorting FAS nothing else so far down 1% in position and I won't mind to take 1-2% profit from this lot either.

Baron von PatienceLightNimble...Who you calling 90% ?...http://www.youtube.com/watch?v=eTGIvSCva20

I know you are 1% (miss-spell 10%) LOL. if market down Dr. Al will be swimming or something else, I know you're too patriot to say selling or shorting the market. nice thinking I joke I joke.

You’re as nutty as a Christmas fruitcake...I LOVE bear (more acceleration), just not this minute….. yet……

You know how I know you are bull at heart, the day I go long, man oh man....I will get 10 good songs delicate to Baron from Dr. Al, when I went short the market, Dr. Al about ready to grill the Baron for dinner

Baron von Dinner
Sounds tasty
Actually I try not to pick on you too much when the market is against you, I try to keep my big mouth shut, but it’s Christmas and all bets are off.
Plus now that I know you hedge up the wazoooooo and you’re nimble like fox, I feel safe picking on you anytime the market is open for trading, and especially on Fridays, or any other day ending in “y”
PS: what did u get me for Xmas?

http://www.youtube.com/watch?v=qam1fbQm ... re=related

"The only difference between me and a madman is that I'm not mad." [Salvador Dali, artist]

[tdo722]

You guys go short too early. Here's my plan:

1. A=C=1269.96
2. C=161.8 of A=1267.02

Take a number and load TZA/SPXU