01/12/2012 Intraday Watering

[bobo]

FWIW, McHugh's next phi-mate turn date is March 7th and I have read March 7th is a key cycles date or astrological date or some such mumbo jumbo that I can't find right now.

Some interesting info about Bradley turn dates:

1. Sometimes have a 7-10 day window before and after:
Market turned July 23, 2011, 7 days from the July 29-30 major turn date
Market pulled back Jan 5th, 8 days after Dec 28th turn date
Market turned up on Dec 20th, 8 days before Dec 28th turn date

2. Sometimes it causes a turn in one or more indexes/markets:
Feb 17, 2011 Market had a major correction (and then recovered), but Semi's topped out on that date and Bonds bottomed at that time...
Dec 28, 2012 Silver and Gold both turned up on Dec 29th

Something to think about on the next big turn date of March 16, could have an affect around March 9th or March 23, and could mark a turn for a market other than SPX or INDU.... hmmmm.....

[soku]

lots of dead cat (i thot they dead) are bounding recently, nflx gmcr rimm

[Cobra]

fib info. now I dare not blah blah 2 legs anymore, so let's wait. so far every morning dip was bought, there got to be one day that everything has changed. Don't know if it's today.

[BullBear52x]

Bear fail . Unfortunately, bears are lucky to get like 2 cracks at a support line (not 80 like the bulls at resistance).

Time for bull response. Let's see how many quick money shorts run for the hills. Looks like a big down day in the ES but we're only down 40bps. Easily could reverse and go green.

I hope we see LOD and trade sideways from here, why? reserve the room for Island reversal with volume dreaming again here.

[TraderGirl]

FWIW, McHugh's next phi-mate turn date is March 7th and I have read March 7th is a key cycles date or astrological date or some such mumbo jumbo that I can't find right now.

Some interesting info about Bradley turn dates:

1. Sometimes have a 7-10 day window before and after:
Market turned July 23, 2011, 7 days from the July 29-30 major turn date
Market pulled back Jan 5th, 8 days after Dec 28th turn date
Market turned up on Dec 20th, 8 days before Dec 28th turn date

2. Sometimes it causes a turn in one or more indexes/markets:
Feb 17, 2011 Market had a major correction (and then recovered), but Semi's topped out on that date and Bonds bottomed at that time...
Dec 28, 2012 Silver and Gold both turned up on Dec 29th

Something to think about on the next big turn date of March 16, could have an affect around March 9th or March 23, and could mark a turn for a market other than SPX or INDU.... hmmmm.....

Thanks bobo, there is actually a cycle turn date window of Mar 5-9th coming up, but I am also an astro follower, and there is a Venus/Jupiter aspect that usually pulls markets up into it around Mar 14th, so it could get cut short from another stronger cycle/astro aspect, or go beyond, so I guess we will have to wait and see what happens... Dec 28th I thought would be a more significant date, but it mainly signaled a turn in the metals, but also we have Mercury in Sagittarius that began Jan 11th, supposed to give metals a 3-9 day rally.....???

[costco]

fib info. now I dare not blah blah 2 legs anymore, so let's wait. so far every morning dip was bought, there got to be one day that everything has changed. Don't know if it's today.

Thanks for the update. Isn't today so far go as exactly as you described in last night's report? We had a higher high, but only slightly, then the pullback starts and then the dip was bought again by bulls. Let's see how it goes for the rest of today? Will it go a little more up to teat 1290-1295 and then the real pullback start?

[BullBear52x]

bears still in control in pattern.

[stucap]

Bear fail . Unfortunately, bears are lucky to get like 2 cracks at a support line (not 80 like the bulls at resistance).

Time for bull response. Let's see how many quick money shorts run for the hills. Looks like a big down day in the ES but we're only down 40bps. Easily could reverse and go green.

I hope we see LOD and trade sideways from here, why? reserve the room for Island reversal with volume dreaming again here.

dude, i love you this week.

[tdo722]

sell stop 128.48, cover 128.60. target 128.18

[Cobra]

fib info. now I dare not blah blah 2 legs anymore, so let's wait. so far every morning dip was bought, there got to be one day that everything has changed. Don't know if it's today.

Thanks for the update. Isn't today so far go as exactly as you described in last night's report? We had a higher high, but only slightly, then the pullback starts and then the dip was bought again by bulls. Let's see how it goes for the rest of today? Will it go a little more up to teat 1290-1295 and then the real pullback start?

We need a double top here otherwise still bulls in control, so how the rest of the day goes is very important for bears.

[stucap]

fib info. now I dare not blah blah 2 legs anymore, so let's wait. so far every morning dip was bought, there got to be one day that everything has changed. Don't know if it's today.

Thanks for the update. Isn't today so far go as exactly as you described in last night's report? We had a higher high, but only slightly, then the pullback starts and then the dip was bought again by bulls. Let's see how it goes for the rest of today? Will it go a little more up to teat 1290-1295 and then the real pullback start?

We need a double top here otherwise still bulls in control, so how the rest of the day goes is very important for bears.

looks like them bulls are already at work setting a higher low. We need some new money to short this bounce.....

[BullBear52x]

It rhymes doesn't it?

[TraderGirl]

The next turn date window is Jan 17-20th, but IMHO, the 17th looks like it could be a short term top (if we are up into that date), the 18th could have a turn.

The 12th/13th represents a lesser degree turn than the 18th, and so far these lesser degree turns have represented minor pullbacks before we turn back up, since this market is so bullish....

[Al_Dente]

1 min
Note institutional activity (?) in volume
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[SB73]

fib info. now I dare not blah blah 2 legs anymore, so let's wait. so far every morning dip was bought, there got to be one day that everything has changed. Don't know if it's today.

Thanks for the update. Isn't today so far go as exactly as you described in last night's report? We had a higher high, but only slightly, then the pullback starts and then the dip was bought again by bulls. Let's see how it goes for the rest of today? Will it go a little more up to teat 1290-1295 and then the real pullback start?

We need a double top here otherwise still bulls in control, so how the rest of the day goes is very important for bears.

Cobra,

I often see a double top the next day or day after. It doesn't necessarily have to be today would you agree?

[stucap]

Bears got two shots of espresso down at support....

Bulls get six cups of coffee (and counting) to try and break resistance.....

[johnnywa]

The next turn date window is Jan 17-20th, but IMHO, the 17th looks like it could be a short term top (if we are up into that date), the 18th could have a turn.

The 12th/13th represents a lesser degree turn than the 18th, and so far these lesser degree turns have represented minor pullbacks before we turn back up, since this market is so bullish....

[jarbo456]

Bears got two shots of espresso down at support....

Bulls get six cups of coffee (and counting) to try and break resistance.....

pretty sick ain't it.

...and if only this game were fair...

[waverider]

Nothing wrong with indicators, it's personal preference... No cockroaches here, just open mindedness.

[tdo722]

It rhymes doesn't it?

BB52x,

It sure does rhymes. Check it out.