01/26/2012 Intraday Watering

[costco]

support and my 1st target met. good.

Cobra, "good" of what? bulls or bears?

[Al_Dente]

Today is another VIX daily pierce of the lower bolinger band again


“I Who Have Nothing” 2007, live... http://www.youtube.com/watch?v=BISjFV69AdE
vs the original, 1960s, live... http://www.youtube.com/watch?v=nXFuotoQ ... ure=fvwrel

[TraderGirl]

Everyone seems to be too smart here and over thinking. If you feel a certain way (bearish/bullish), you can draw technicals that prove your point. Simple reason why I use technicals only as a reference point, but that is all. I follow the old adage don't fight the trend and use stops. It's worked for me thus far. Yes, we seem toppy but things can stay overbought of a while. I just too many people bearish, and I feel like this is a forum for Zero Hedge, as well.

Also, anyone touching TVIX and TZA deserves to lose their shirt.

I agree, it sometimes is a matter of "feeling", like I "feel" we hit the short term top today....

But, you can sit out on TVIX and TZA, while we make boatloads later this year....

Looking at the chart of TZA/TVIX, holding has proved to be a disaster. It's a great ST trading tool, but holding it is a death wish. But, if you like to gamble and with a RSI of 30 (or sub 30 for TVIX) on the daily, I am sure you can gain 10-20% quick. Just make sure you are quick on the trigger. Good luck, I am not good enough to trade those instruments.

I can see you are a longer term holder. Yes, those are for short term trades, never to hold for too long. Think about them in March and June of this year, they may prove to give you some great short term gains...

[Cobra]

one the road quick one--(1) cobra you mentioned you were considering price action only for everything. i can see that--but spending a limited (very) period of time on the larger picture stuff every day is a good idea too. i really enjoy the stuff and if were voting would vote "stick with it--but limit to the fewest possible charts--eg more ideas are not more useful. that's only my take of course. (2) re market tweaking--interagency working group-george stephanopoulous under clinton admitted the existence on tv. what i think is the key issue between the swash side and the "markets are free side" is time frames. There is no question weird stuff happens--but it is usually for short periods and key leverage points. and can be direct (some sort of futures stuff) or indirect (in some form increase liquidity).

the real issue is should we worry about this day to day. i would say from a trading perspective no. the whole point of technical trading is to "play it as it lays". however while i don't totally agree with swalsh--i think his overall point about corruption lack of ethics is an issue. however i see it as broad--eg the entire country has gotten used to the free ride--just as all empires have beginnings middle and ends--we do too. what was true for China Persia Rome England Germany short term etc will be true for us.

we really have to try to be truthful compassionate and kind to each other because in the end that is all there is--the idea that one can isolate one's self from events around one and stay clean is not an option for 99 out 100 people. in prison solitary time is used as punishment. and if placed in an isolation tank in the correct way and left there for 20-60 min most people will crack--due to the "lack" of incoming date to create a reference for their mind.

in short there is no clear limit to ourselves and what is around us--we are to some degree what we interact with. this is why people's opinions of the market shift with relative positions of the market and why most are bullish higher and bearish lower.

finally if all that doesn't get though--goog "Stanford prison experiment" which shows that we literally shift persona with perceived social postion.

so the short verison--(1) lets look for ways to see this degree of applicability of various technical trades--most should stick with the idea no front running. (2) lets not assume (as in the discussion over god's existence) if the markets can be or cannot be rigged at this exact moment--because 99% of the time we cannot know. (3) but let us take the best of what Swalsh is suggesting and try to operate with some ethical basis. (4) in the end compassion is the way since the earth is finite feed back loop in the sense of human interaction--in short what goes around comes around.

good day all and back to the road.

Thanks. Well said. You have a safe pleasant journey!

[jarbo456]

FTK H&S has worked.

Puts are up 14% already.

[thanos]

Everyone seems to be too smart here and over thinking. If you feel a certain way (bearish/bullish), you can draw technicals that prove your point. Simple reason why I use technicals only as a reference point, but that is all. I follow the old adage don't fight the trend and use stops. It's worked for me thus far. Yes, we seem toppy but things can stay overbought of a while. I just too many people bearish, and I feel like this is a forum for Zero Hedge, as well.

Also, anyone touching TVIX and TZA deserves to lose their shirt.

I agree, it sometimes is a matter of "feeling", like I "feel" we hit the short term top today....

But, you can sit out on TVIX and TZA, while we make boatloads later this year....

I have a "feeling" that you will lose alot money using your "feelings" to trade! Doesn't appear there is alot of swingtraders here and mostly day traders. So we are comparing apples to oranges. I'm a swing trader.

[Cobra]

could be a bullish falling wedge here. doesn't mean it will breakout on the upside right now, just some info.

[BullBear52x]

Now ....we have to respect our own line whatever that may be.

I respect u baron, no shite, i would not miss a chart/post of yrs if my house was on fire....

LOL, you can be funny sometimes, I never missed to look at your chart either, end of day like in the evening I always go back to review what is general sentiment from this board so I can plan my next day trade. lots of good people here and with lots of experience. love it here.

[Me XMan]

Let the snowball rolling down the hill

This little bear sitting on shorts and will hold overnight

[cougar]

Everyone seems to be too smart here and over thinking. If you feel a certain way (bearish/bullish), you can draw technicals that prove your point. Simple reason why I use technicals only as a reference point, but that is all. I follow the old adage don't fight the trend and use stops. It's worked for me thus far. Yes, we seem toppy but things can stay overbought of a while. I just feel too many people bearish, and I feel like this is a forum for Zero Hedge, as well. Sorry, my 2 cents, I am sure all the bears will call me stupid and naive. Well, I'd rather be stupid, naive and have $$ in my account. I was bearish in December and wrong, and turned bullish in January and I have made out handomsely. Trade what you see, not what you think. I know it's easier said than done. I am not making predictions, but Mr Market can turn on a dime. I am just a little more cautious, but I like that buyers are coming in and being dips.

Also, anyone touching TVIX and TZA deserves to lose their shirt.

Thank you for your 2 cents!
It is flattering, for some of us, to be psychoanalyzed…This is a sign of notoriety… Personally , if necessary, I would rather have for a shrink an Upper East side chap with a Viennese accent than a former USC Trojan…but this is only a matter of taste!

So…how would you have interpreted, short term, this NDX 13 min. signal? Do you think the chart is “over-thinking“? Do you think I am a bear because, this morning, I kept CRR puts?

[gabor]

could be a bullish falling wedge here. doesn't mean it will breakout on the upside right now, just some info.

Do you think we will retest today's high? May be tomorrow, or day after tomorrow?

[gabor]

I am not sure that the bullas are done yet.

[TraderGirl]

Everyone seems to be too smart here and over thinking. If you feel a certain way (bearish/bullish), you can draw technicals that prove your point. Simple reason why I use technicals only as a reference point, but that is all. I follow the old adage don't fight the trend and use stops. It's worked for me thus far. Yes, we seem toppy but things can stay overbought of a while. I just too many people bearish, and I feel like this is a forum for Zero Hedge, as well.

Also, anyone touching TVIX and TZA deserves to lose their shirt.

I agree, it sometimes is a matter of "feeling", like I "feel" we hit the short term top today....

But, you can sit out on TVIX and TZA, while we make boatloads later this year....

I have a "feeling" that you will lose alot money using your "feelings" to trade! Doesn't appear there is alot of swingtraders here and mostly day traders. So we are comparing apples to oranges. I'm a swing trader.

If you are holding more than one day, then you are a swing trader.... and most of us here are swing traders because most of us hold overnight... we have longer term positions and short term day trades... I am mostly a swing trader...

I have mentioned many market turns, but I have not called a top to this move until today, so we will see how my "feelings" play out...

[Al_Dente]

1min (with volume spike)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Taggard thanks for your: “""....we really have to try to be truthful compassionate and kind to each other because in the end that is all there is....”
PS: I’m trying

Beatles... http://www.youtube.com/watch?v=YqiAl84ipIk

[wayne0708]

careful... close-up view of my last 15m SPX chart

nice pattern

[usctrojan99]

Everyone seems to be too smart here and over thinking. If you feel a certain way (bearish/bullish), you can draw technicals that prove your point. Simple reason why I use technicals only as a reference point, but that is all. I follow the old adage don't fight the trend and use stops. It's worked for me thus far. Yes, we seem toppy but things can stay overbought of a while. I just feel too many people bearish, and I feel like this is a forum for Zero Hedge, as well. Sorry, my 2 cents, I am sure all the bears will call me stupid and naive. Well, I'd rather be stupid, naive and have $$ in my account. I was bearish in December and wrong, and turned bullish in January and I have made out handomsely. Trade what you see, not what you think. I know it's easier said than done. I am not making predictions, but Mr Market can turn on a dime. I am just a little more cautious, but I like that buyers are coming in and being dips.

Also, anyone touching TVIX and TZA deserves to lose their shirt.

Thank you for your 2 cents!
It is flattering, for some of us, to be psychoanalyzed…This is a sign of notoriety… Personally , if necessary, I would rather have for a shrink an Upper East side chap with a Viennese accent than a former USC Trojan…but this is only a matter of taste!

So…how would you have interpreted, short term, this NDX 13 min. signal? Do you think the chart is “over-thinking“? Do you think I am a bear because, this morning, I kept CRR puts?

Ah name calling because of my avatar. That's usually sign #12 of someone who took what I said very personal and/or hates to admit they have been on the wrong side of the trade. I made a general comment about this board being bearish, which is true.

Regarding your comment about 13 min signal, I don't use that as a trading point. I look at 60 min, daily and weekly charts. I don't day trade unless my stops are breached. As long as support is not breached, I am playing more upside. I have tightened my stops today as I think we could be at a top, but I will let the market decide and not front run.

[cougar]

Cougar, what do you think of EDZ at this point, looking at maybe 13.58 or so to take a short if/when it gets there....

I don’t know…You have a nice channel for it, but its moves are too erratic and small to justify the interest for it. EEM is much more liquid and trades lots of options/day…

[soku]

kena, u there?
yr pet is doing very well. i shd just b&h it

[BullBear52x]

watching SPY at 5dma, be nimble.

[TWT]

EURUSD: A multi-day correction may be in progress with an eod print below 1.3093