12/29/2011 Intraday Watering

[99er]

sgregs

Copper appears to be catching up now.

[BullBear52x]

I got intraday sell flashing at me, but wait for the trade below blue box to pull the trigger.

[Mr. BachNut]

For chartists, I think there is a convergence of a number of big patterns nearing a conclusion in the financials. There is a major declining tops downtrend line (hard to have a bull market without the financials), a more recent rising bottoms uptrend, forming a big symetrical triangle. There is also action that presents a diamond pattern as well as a complex inverse head and shoulders. Thus, I am inclined to anticipate that XLF could be a big mover in 2012. No comment on direction...

[sgregs]

sgregs

Copper appears to be catching up now.

do you by chance have a target. i see it as the short of the 1st quarter with very defined risk and a great opportunity to trail stops if 3.25 taken out.

[johnnywa]

Consolidation for next leg up if we stall 1258-59

[99er]

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_3216.html

Attention skiers!

[Al_Dente]

OK here is the chart that show a little more inside what happen after Trin spike what I see here.

I watch TRIN daily just slightly differently than you
Open/high/low/close TRIN (not close only)
Over the last 10 months, when it hits 4-6 intraday (not close) odds favor more selling ahead (red arrows).
When TRIN hit 6+ intraday it signaled a bottom (green arrows above 6 line) with just one fail.
Yesterday’s trin was only 5 point something.
http://stockcharts.com/h-sc/ui?s=$TRIN& ... =250561509

I know most of the people will agreed with you, I am different can you tell? LOL....most if not all the technician pay attention to the high of TRIN. I pay attention to the LOW of the TRIN.

As I recall, Cobra had great statistics on Trin below 0.6 = 80% chance green the next day (?)
But that low trin doesn’t apply today/yesterday

BTW: I did a quick scan of yesterday’s board to catch up, and saw yr post showing yr full avatar.
I had NO IDEA you were such a handsome dude.

HOWEVER, I’ll bet you didn’t know this:
http://www.youtube.com/watch?v=pch3hoUt ... re=related

[Mr. BachNut]

UUP any one, I am betting on the 3rd time is a charm. daily chart.

I have been long $ in size for awhile. I hope you are right.

I don’t know guys…The “stochastic cross-over” is still valid and a cool trader would probably stay long here…
But I got out this morning since I have the feeling that Da Boyz won’t let it go higher, at least for a while…
Well… the chicken ate the cougar…

Could happen. I'll rely on my stop if things turn.

[BullBear52x]

http://www.youtube.com/watch?v=P6amOnu_KCo&feature=fvst

[johnnywa]

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_3216.html

Attention skiers!

Ouch! hit my head on gondola dont know which way to go

[Cobra]

OR breakout target. Failed 7 out 10 recently.

Cobra: is bear flag still valid?

no

Your evil of most evilest plan working.cept no down here comes 1265

yeah, nowadays usually only half of my plan works. This market is difficult to trade.

[99er]

sgregs

Copper http://99ercharts.blogspot.com/2011/12/copper_29.html

Grr...

[waverider]

np CMT, it's a useful one.

[oldpigwang]

Cobra: I think from seasonal reason, we may have a slow up day today, continue up tomorrow, last day of 2011, to retest Dec 27 high on last day of 2011, or new year day. then down.
Is it possible?

[Al_Dente]

http://www.youtube.com/watch?v=P6amOnu_KCo&feature=fvst

Without exception, MY ALL TIME FAV Motown 25 THANK YOU

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

[sgregs]

sgregs

Copper http://99ercharts.blogspot.com/2011/12/copper_29.html

Grr...

Thanks -my daughter is skiing in Telluride and the skiing is great!

[cougar]

sgregs

Copper http://99ercharts.blogspot.com/2011/12/copper_29.html

Grr...

Thanks -my daughter is skiing in Telluride and the skiing is great!

Yes…right now the Colorado Rockies are unbelievable…and Telluride is probably the best!

[BullBear52x]

OK here is the chart that show a little more inside what happen after Trin spike what I see here.

I watch TRIN daily just slightly differently than you
Open/high/low/close TRIN (not close only)
Over the last 10 months, when it hits 4-6 intraday (not close) odds favor more selling ahead (red arrows).
When TRIN hit 6+ intraday it signaled a bottom (green arrows above 6 line) with just one fail.
Yesterday’s trin was only 5 point something.
http://stockcharts.com/h-sc/ui?s=$TRIN& ... =250561509

I know most of the people will agreed with you, I am different can you tell? LOL....most if not all the technician pay attention to the high of TRIN. I pay attention to the LOW of the TRIN.

As I recall, Cobra had great statistics on Trin below 0.6 = 80% chance green the next day (?)
But that low trin doesn’t apply today/yesterday

BTW: I did a quick scan of yesterday’s board to catch up, and saw yr post showing yr full avatar.
I had NO IDEA you were such a handsome dude.

HOWEVER, I’ll bet you didn’t know this:
http://www.youtube.com/watch?v=pch3hoUt ... re=related

I use .3 (The magic 3/.3)

[sgregs]

sgregs

Copper http://99ercharts.blogspot.com/2011/12/copper_29.html

Grr...

Thanks -my daughter is skiing in Telluride and the skiing is great!

Yes…right now the Colorado Rockies are unbelievable…and Telluride is probably the best!

Have a house in town 15 years - love the place.

[knock]

I got intraday sell flashing at me, but wait for the trade below blue box to pull the trigger.

BB52X, what about the next move?