01/12/2012 Intraday Watering

[johnnywa]

But dear Bear all morning to slam bully and you let him off the hook,we try next Tuesday?

[Al_Dente]

Per Taggard (thanks) I just asked my screen: “WTF” and it said:
Relax Al, remember: advancing stocks 1500, declining stocks 1300,
Odds not so good yet, chop/range day, must expect choppy, until one/other dominates more convincingly
etc
Shite internals:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15


For Uempel… http://www.youtube.com/watch?v=LNA2Tdfs ... re=related

[soku]

http://www.zerohedge.com/news/want-trad ... hildebrand
check this out. what's her background? she sounds like a real pro trader.

[ClarkW]

Agree 100% Soku. I'm not much of a day-trader, in this forum to gain knowledge which while still a newbie, feel like I've learned a lot. Just thought I'd throw it out there for anyone with a longer timeframe.

If my eyeballs are correct, this is only the 7th positive cross since 1992. 6 of them lead to a 1yr+ bull run. The one that did not was in 1994 but it crossed positively again beg. of '95 and didn't cross back negatively until '98 for a couple months before back positive.

Long-term view of $SPX. Not sure who on this board pointed to monitoring 13, 34 EMA crosses on the weekly for confirmation of trend. BUT 13EMA just crossed 34EMA positively.

imo, the cross over need to be decisive. an existing example is the past summer also shown on the chart. from the 2 ema first touch to market eventually break out, it took about 2 months.
i think ma cross is more on trend confirmation side, rather than trade origination, especially the long term ma. 13 week = 1 quarter. i don't have the lux to wait for a q for a signal.

[99er]

Updates

SPX http://99ercharts.blogspot.com/2012/01/spx_956.html
TNX http://99ercharts.blogspot.com/2012/01/tnx_12.html
VIX http://99ercharts.blogspot.com/2012/01/vix_12.html

Fireworks ahead?

[BullBear52x]

I like what I see so far. there is room for Island reversal, see? if we go straight down it will be over sold, the only way to gain the volume is too suck in more of the ones who afraid to miss the train. I am cautious here, I always post the intraday sell or buy Koolaid, last time I got was a sell, no buy yet so.......that's right dive on. break time.

[Al_Dente]

I like what I see so far. there is room for Island reversal, see? if we go straight down it will be over sold the only way to gain the volume is too suck in more the one who afraid to miss the train. I am cautious here, I always post the intraday sell or buy Koolaid last time I got was sell, no buy yet so.......that's right dive on. break time.

There is a park bench on a corner in Winslow, AZ, dedicated to this song. Legend has it that Browne wrote this song on that spot (he didn’t).
http://www.youtube.com/watch?v=5zuhxfrXocw

[Al_Dente]

Dear Bull:
You should be ashamed of yourself! It took you MORE than an hour to get the ES Back to breakeven. I expect better next time.
Shape Up!
Ben

[TraderGirl]

http://www.zerohedge.com/news/want-trad ... hildebrand
check this out. what's her background? she sounds like a real pro trader.

She does, can I follow her trades?

[uempel]

Dear Bull:
You should be ashamed of yourself! It took you MORE than an hour to get the ES Back to breakeven. I expect better next time.
Shape Up!
Ben

Today is not my day either. Neither pain nor gain. Just nothing

[waverider]

what do you see as the advantage?

speaking out of ignorance about the 2nd set (3 books)--my guess would be relative brevity--thanks in advance[/quote]

Couldn't tell ya, let's focus on the tape.

[FinancePhD]

Dear Bull:

You should be ashamed of yourself! It took you MORE than an hour to get the ES Back to breakeven. I expect better next time.

Shape Up!

Ben

Thank you for reminding the bulls, Big Ben!

[soku]

http://www.zerohedge.com/news/want-trad ... hildebrand
check this out. what's her background? she sounds like a real pro trader.

She does, can I follow her trades?

just heard she was a forex trader for moore capital long time ago. i want to follow her too. from what she says, the knowledge and understanding of the market she presented i believe she does not need inside info to trade. it's just her husband's job made her look bad. if she publishes her trade, i will definitely follow.

[Al_Dente]

$TNX
TBT

[jarbo456]

this pattern is getting boring. over a week now of buy the morning dip.

any time she wants to change things up would be great.

[uempel]

http://www.zerohedge.com/news/want-trad ... hildebrand
check this out. what's her background? she sounds like a real pro trader.

She does, can I follow her trades?

She did FX at moore capital.

Something else: why do supersmart people like the Hildebrands stumble on small, stupid occurrences? Just like Clinton. Or the German president, who calls the editor of paper and gives him s... And others in the business world, think of Lord Browne of BP. It's always a butterfly which starts the chaos. Only Cobra lives up to his reputation. No incidents with blondes, nor with the tax guys...

[Cobra]

nothing to say, once again the morning dip was bought and this at least is 2 legged up (you can forget 2 legged down but 2 legged up usually works)

[TraderGirl]

Interesting market today, DAX and CAC 40 both were up early in the day, then sold off, while the Euro is making a big move up today...???

[soku]

Agree 100% Soku. I'm not much of a day-trader, in this forum to gain knowledge which while still a newbie, feel like I've learned a lot. Just thought I'd throw it out there for anyone with a longer timeframe.

If my eyeballs are correct, this is only the 7th positive cross since 1992. 6 of them lead to a 1yr+ bull run. The one that did not was in 1994 but it crossed positively again beg. of '95 and didn't cross back negatively until '98 for a couple months before back positive.

Long-term view of $SPX. Not sure who on this board pointed to monitoring 13, 34 EMA crosses on the weekly for confirmation of trend. BUT 13EMA just crossed 34EMA positively.

imo, the cross over need to be decisive. an existing example is the past summer also shown on the chart. from the 2 ema first touch to market eventually break out, it took about 2 months.
i think ma cross is more on trend confirmation side, rather than trade origination, especially the long term ma. 13 week = 1 quarter. i don't have the lux to wait for a q for a signal.

just want to add 1 thing. not sure if you were here couple weeks ago, we discussed the importance of 200ma. i mentioned i observed the market manipulation around it. in recent years, first touch of 200ma all failed. 13/34 cross over is almost equally important as 200ma. lots of funds and institutions are using it as mandate. i am expecting to see more cooking around. once it becomes a clear cut done deal, we will all follow it. no doubt about it. we shd all trade what we see but not what we believe.

[stucap]

this pattern is getting boring. over a week now of buy the morning dip.

any time she wants to change things up would be great.

don't worry, it'll change. there won't be any more dips. we'll just gap and go every day.