01/19/2012 Intraday Watering

[Rocket_Man88]

With NYMO continuing to make higher highs and higher lows, I would not bet against this rally -- probably until NYMO gets oversold. Too much money comming in.

XLK is at a 52 week high!

[tdo722]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Oy, anyway, check my indicators on 30 min
Is anyone else seeing divergences close to getting “cured” or stuff trying to re-align or what…kool-aid???
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

So the question is:

Since we always need price to confirm.

WHY BOTHER WATCHING INDICATORS AND STATISTICS?

Just look into the chart should be enough.

Well, in theory. right?

I'm not kidding. I'm really thinking about this.

Yes, reading chart requires experiences. lots of experiences. so not easy to grasp. but looks like it's the only way to trade successful.

Bulkowski candlesticks and pattern should do it?

[SWalsh]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Spray something on those vocal chords!

The guy who markets the HFT program has a primary indicator called the accumulator. I have never seen a divergence like this before.

[Cobra]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Oy, anyway, check my indicators on 30 min
Is anyone else seeing divergences close to getting “cured” or stuff trying to re-align or what…kool-aid???
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

So the question is:

Since we always need price to confirm.

WHY BOTHER WATCHING INDICATORS AND STATISTICS?

Just look into the chart should be enough.

Well, in theory. right?

I'm not kidding. I'm really thinking about this.

Yes, reading chart requires experiences. lots of experiences. so not easy to grasp. but looks like it's the only way to trade successful.

Bulkowski candlesticks and pattern should do it?

chart pattern matters the most. but again it's an art. You need many years of reading chart experiences. read thousands of charts. then you'll have the feeling.

[joeynickels]

For those who like to swing it just doesn't get any better than $VIX daily touch on the lower BB and $SPX likely to touch the upper BB soon. Benny Goodman, Artie Shaw, Glen Miller and the Duke ain't bad either.

JOEY
That’s cheating. If u reference the greats u have to post link to a great tune…..
PS:I keep re-reading that Cabot note, the bear part: “When lows are above 40 while mkt is making highs = DANGER = internally, sellers are in control, and indexes are masking this weakness….”
That’s just my paraphrase, gotta dig around and find old Cabot notes after the close, as i forget the time frame….how long…how quickly can/does it snap back up/down….etc….did u see anything revealing about time frame???
(I may be sloppy, but at least I’m slow)


Swalsh

Okay Dr. Al how'bout some Artie Shaw http://www.youtube.com/watch?v=zOYxguXl8rI

[Cobra]

ok, a downside breakout. but bears still need break the green line below otherwise it's still a consolidation therefore more likely to continue up.

[tdo722]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Oy, anyway, check my indicators on 30 min
Is anyone else seeing divergences close to getting “cured” or stuff trying to re-align or what…kool-aid???
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

So the question is:

Since we always need price to confirm.

WHY BOTHER WATCHING INDICATORS AND STATISTICS?

Just look into the chart should be enough.

Well, in theory. right?

I'm not kidding. I'm really thinking about this.

Yes, reading chart requires experiences. lots of experiences. so not easy to grasp. but looks like it's the only way to trade successful.

Bulkowski candlesticks and pattern should do it?

chart pattern matters the most. but again it's an art. You need many years of reading chart experiences. read thousands of charts. then you'll have the feeling.

praying and hoping to get there someday
thanks much!

[SWalsh]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Spray something on those vocal chords!

The guy who markets the HFT program has a primary indicator called the accumulator. I have never seen a divergence like this before.

I just bought a bunch of SPY 130 puts at 11 cents. It's a flier, but I have been able, at times, to have a 1000% return when these hit in the last two days.

It's not like I need the money to buy more guns (picking up a new .45 tonight)

[Cobra]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Oy, anyway, check my indicators on 30 min
Is anyone else seeing divergences close to getting “cured” or stuff trying to re-align or what…kool-aid???
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

So the question is:

Since we always need price to confirm.

WHY BOTHER WATCHING INDICATORS AND STATISTICS?

Just look into the chart should be enough.

Well, in theory. right?

I'm not kidding. I'm really thinking about this.

Yes, reading chart requires experiences. lots of experiences. so not easy to grasp. but looks like it's the only way to trade successful.

Bulkowski candlesticks and pattern should do it?

Oh, Bulkowski's Encyclopedia of Chart Patterns won't help you. That's only statistics. Read chart school at stockcharts.com should be enough. The key is to get the "feeling" which is not what you can get simply by reading a book or two.

[TraderGirl]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Spray something on those vocal chords!

The guy who markets the HFT program has a primary indicator called the accumulator. I have never seen a divergence like this before.

Looks like risk is being taken off the table right now, look at Homebuilders and Solar and Gold, risk selling/profit taking..whatever you wanna call it....

[dumamay]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Spray something on those vocal chords!

The guy who markets the HFT program has a primary indicator called the accumulator. I have never seen a divergence like this before.

I just bought a bunch of SPY 130 puts at 11 cents. It's a flier, but I have been able, at times, to have a 1000% return when these hit in the last two days.

It's not like I need the money to buy more guns (picking up a new .45 tonight)

whose It made by?? and what barrel length??

[soku]

So the question is:

Since we always need price to confirm.

WHY BOTHER WATCHING INDICATORS AND STATISTICS?

Just look into the chart should be enough.

Well, in theory. right?

I'm not kidding. I'm really thinking about this.

Yes, reading chart requires experiences. lots of experiences. so not easy to grasp. but looks like it's the only way to trade successful.

well then u will think there is some info you missed, since from time to time you want to read between lines. so u turned on ma. then u get curious about ma on diff time frame, so u turned on macd. so on so forth.
not sure about u, but this is exactly what happened to me.

[Cobra]

I believe lots of people are watching this line. I don't see logic behind this kind of line but amazingly it does work more often than not. I'm not implying it'd work this time, I'm just saying what I'm saying, this seems not logic line does work, very interesting.

[tdo722]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Oy, anyway, check my indicators on 30 min
Is anyone else seeing divergences close to getting “cured” or stuff trying to re-align or what…kool-aid???
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

So the question is:

Since we always need price to confirm.

WHY BOTHER WATCHING INDICATORS AND STATISTICS?

Just look into the chart should be enough.

Well, in theory. right?

I'm not kidding. I'm really thinking about this.

Yes, reading chart requires experiences. lots of experiences. so not easy to grasp. but looks like it's the only way to trade successful.

Bulkowski candlesticks and pattern should do it?

Oh, Bulkowski's Encyclopedia of Chart Patterns won't help you. That's only statistics. Read chart school at stockcharts.com should be enough. The key is to get the "feeling" which is not what you can get simply by reading a book or two.

Oh thank you so much. I will check that out.

[TWT]

SPX : maybe a top here

[Algyros]

Cobra,
Since you're serious about doubting indicators and statistics, what do you think that means about systems (CIS, short-term, etc.). As far as I know, a system has to be built using statistics and, to some degree, indicators (in the broad sense, to include the obvious MACDs etc., but also breadth, distance from mean, etc.), so are you beginning to doubt them? In fact, even a trend following system needs some kind of indicator to signal a trend, so are you also rethinking them?

[tdo722]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence,
six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”.
So the next person who mentions indicators will make me just scream.

Spray something on those vocal chords!

The guy who markets the HFT program has a primary indicator called the accumulator. I have never seen a divergence like this before.

I just bought a bunch of SPY 130 puts at 11 cents. It's a flier, but I have been able, at times, to have a 1000% return when these hit in the last two days.

It's not like I need the money to buy more guns (picking up a new .45 tonight)

whose It made by?? and what barrel length??

I have a G30. Best .45 ever for me and so easy to clean and maintain. But to carry I still prefer a G19.

[SWalsh]

Big HFT just hit....now which way was it (can't tell)

[Al_Dente]

After weeks of us yammering on about negative divergences and indicators, King Cobra leveled us all flat yesterday with one perfect sentence, six elegant words: “INDICATORS DON’T WORK UNTIL PRICE CONFIRMS”....

So the question is:
Since we always need price to confirm.
WHY BOTHER WATCHING INDICATORS AND STATISTICS?
Just look into the chart should be enough.
Well, in theory. right?
I'm not kidding. I'm really thinking about this.
Yes, reading chart requires experiences. lots of experiences. so not easy to grasp. but looks like it's the only way to trade successful.

Dude that’s the point
We all know u are the brightest bulb by far in this board chandelier, that’s why we’re all here.
Us blabbering on and on is just filling space, killing time between trades, awaiting your next post.
Otherwise If we didn’t yammer on and on, you’d have a two/three page daily board …
(Sorry, I didn’t mean to call you dude, I meant King Cobra, you know)
Plus I agree with you about indicators, sometimes (especially the “softie” ones), but I DO LOVE THOSE STATISTICS…

[FinancePhD]

The Federal Reserve is likely to step in with $1 trillion worth of easing that could be announced as soon as this month, according to a growing consensus of economists who see the recent uptick in economic growth as unsustainable.

With the Fed’s Open Market Committee set to meet next week, expectations are rising that the languishing housing market will drive the central bank to buy up mortgage-backed securities.

The goal of the purchases will be to drive down interest rates even further from current record-low levels, and, less obviously, to spur confidence that more monetary tools remain to stimulate the economy.

Of course, the announcement also could push stock prices higher, as did the Fed's last balance sheet expansion begun in November 2010.

Just a few months ago, market observers speculated that another round of quantitative easing — QE3, in this case — would be politically infeasible and probably unnecessary given hopes for better growth in 2012.

But with housing stuck in neutral and a European recession on the horizon, economists believe QE3 is all but certain.

Andrew Wilkinson, chief economic strategist at Miller Tabak, released a paper Thursday that makes the case for more easing, which he said could push stock prices higher to where the Standard & Poor’s 500 rises another 11 percent to 1450.