01/11/2012 Intraday Watering

[Cobra]

multiple supports here, so still not bad looking for bulls.

[Mr. T]

Nothing can stop the Bull......... not the dollar, not the Euro, not the Cramer...... nothing.

Well, nothing until the Bears hero "Capt. Volume" makes an appearance.

[janez]

Yes. I use RBC. I never used their charts. RBCrap? funny

Never had an issue with them since 1986. At all! Until this.
The old chart updated like a dream and fast, allowed up to 6 TAs to be displayed under. The new one, takes forever, looks like a cartoon and only gives 3 TAs underneath.

Wow. Now I wonder whether we are talking about the same RBC (Royal Bank of Canada Direct Investing?)?
Their user interface very bad. chart very slow. you can only look at 1 at a time, no way to save any settings.

[Al_Dente]

Ornery? Is it that bad?

1 min internals...Again, bonds fail to cooperate...Nyadv 1400 and nydec 1400, that’s about 50/50 in my book, those odds stink...And this from the ornery old coot (moi) who is bull-until-proven-otherwise… I’m starting to see little bits of “otherwise”, more charts soon

"""""""Ornery? Is it that bad? """"""""
Uempel: It’s just a little cockroach I notice here and there
Here 30 min
Everyone has their fave STOs and RSIs and MACDs, some showing divergence.
Here’s my fave, a sell signal on an oddball (KOOL AID) tweaked STO with a bolinger “crimper” added.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

You can see its last top signals were in early Dec and again Dec 27-28 (see pink circles).
You can also see how it whips around with the market….. bears short covering en masse (or bears dumping en masse)
can and do change the entire picture very quickly.
Also the fib fans have been breached a bit, but I’ve been using the fibonnacci fans, retracement lines, and time zone auto-draw tools at freestockcharts.com and they are far superior to those available at stockcharts.com IMHO. Am in month two of testing them… more on those later…

I await the potential outcome described by Cobra in last night’s outlook, which y’all have read for yourselves.
The market LOVES to go both ways just to make the bulls AND the bears look foolish.
And the soft averagie indicator stuff only works when the market allows it to. Price rules. And volume. And King Cobra and Prince Uempel and The Baron and Jarbo The Wise and etc etc.....
“Never underestimate the power of the bulls” [King Cobra]
I think those are enough caveats for one single lousy little indicator, no?

[BullBear52x]

multiple supports here, so still not bad looking for bulls.

This is how I read Cobra: He is slowing his acceleration, will be in full stop shortly, and after that he will change gear, the speed is to be determined since Cobra is a very careful driver unlike me.

[janez]

Such a bullish day. everything went up. except inverse ETFs.

[waverider]

Here's the current correlation between commodities and the dollar:

[MrMiyagi]

Wow. Now I wonder whether we are talking about the same RBC (Royal Bank of Canada Direct Investing?)?
Their user interface very bad. chart very slow. you can only look at 1 at a time, no way to save any settings.

Same RBC, you CAN save your settings, you can save a bunch, I think 5 or 6. You can look at more than one but you have to right click on your stock and open in new page.
Yes their interface sucks.... but they have Level II for Canadian stocks...

[Me XMan]

Gonna hit bulls stop-loss points soon

multiple supports here, so still not bad looking for bulls.

[Petsamo]

I yea baby, let's drop!

[99er]

Update

ES http://99ercharts.blogspot.com/2012/01/es_5114.html

Attention all skiers.

[Me XMan]

Decoupling of EUR/USD and SPX from ZH site.

[Cobra]

multiple supports here, so still not bad looking for bulls.

This is how I read Cobra: He is slowing his acceleration, will be in full stop shortly, and after that he will change gear, the speed is to be determined since Cobra is a very careful driver unlike me.

Yeah, you understand me. I don't want to be that early worm who gets eaten by bird. I'll use you or anyone who front run as my shield.

[TraderGirl]

USDCRB.png

Here's the current correlation between commodities and the dollar:

Looks like they were in correlation with each other in June and July 2011, before August's melt down....

[TraderGirl]

I don't understand the fascination with Domino's Pizza...??? they are trading at 20 x's 2011 earnings, really are they to grow that much going forward? Well in 2007, they dropped from $33-34 to $20, so I will keep this on my short list for a potential weakening market....

[BullBear52x]

Look at it like a kids in the candies store.

[BullBear52x]

multiple supports here, so still not bad looking for bulls.

This is how I read Cobra: He is slowing his acceleration, will be in full stop shortly, and after that he will change gear, the speed is to be determined since Cobra is a very careful driver unlike me.

Yeah, you understand me. I don't want to be that early worm who gets eaten by bird. I'll use you or anyone who front run as my shield.

[99er]

Update

AUDJPY http://99ercharts.blogspot.com/2012/01/audjpy_11.html

Surfing, anyone?

[waverider]

USDCRB.png

Here's the current correlation between commodities and the dollar:

Looks like they were in correlation with each other in June and July 2011, before August's melt down....

Ha, right! But we have to stay objective about the current price action as they say, and the trend is still up/sideways for now.

[q2model]

multiple supports here, so still not bad looking for bulls.

This is how I read Cobra: He is slowing his acceleration, will be in full stop shortly, and after that he will change gear, the speed is to be determined since Cobra is a very careful driver unlike me.

Yeah, you understand me. I don't want to be that early worm who gets eaten by bird. I'll use you or anyone who front run as my shield.

But how do you decide a trend is changed? what is used to decide? Let's say today's market drops 1% at close, would you think the trend is down or at least unconfirmed?