02/06/2012 Intraday Watering

[SB73]

Trade what is making money...

Easier said than done

That is why I am not on a beach right now Sorry for the number of posts, but UNG is breaking out

[Al_Dente]

Baron von DoubtingThomas
“”””””””””””leading indicator? impossible, how could you get data before action”””””””””
Volume starts flowing into up/down stocks, that is action, b4 fully reflected in price
No?
Same way nyadv/dec can start gaining/loosing b4 fully reflected in price (that one we kno 4 sure)
Here it is dots behind spy
Your eyeballs will see
I do not believe it means anything for tomorrow. I think only good intraday. I do not kno
BUT BOLINGERS ON VIX SAY SOMETHING ABOUT TOMORROW
As per usual bolingers never give direction
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256525802

[Petsamo]

Probably a stupid move:

sold UNG 5.48 for a 1.2% gain

[BullBear52x]

If bears can not take TRIN back up over 1 today, Hedging is required, looks like a gap set up to me, well, pay attention to TRIN guys, 5min. looks good for bear still but 1min. is definitely on the bulls side both TRIN and TRIN:SPY, I might buy call just for the hell of it before market close today. the only high hope I have for bear is a gap down open we got today.

Hi BB,

One fact today is the NYMO is above 0 for more days than EVER before. A record and the condition is Overbought. The previous record was Mar - May 2009. Keep the faith and nothing wrong with hedging. GLTA jimme

Crazy that will be a word for it.

[BullBear52x]

Baron von DoubtingThomas
“”””””””””””leading indicator? impossible, how could you get data before action”””””””””
Volume starts flowing into up/down stocks, that is action, b4 fully reflected in price
No?
Same way nyadv/dec can start gaining/loosing b4 fully reflected in price (that one we kno 4 sure)
Here it is dots behind spy
Your eyeballs will see
I do not believe it means anything for tomorrow. I think only good intraday. I do not kno
BUT BOLINGERS ON VIX SAY SOMETHING ABOUT TOMORROW
As per usual bolingers never give direction
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256525802

lets see some more, I am done to day, see what needed.

[Unique]

Boring day relatively, I expected a more volatile Monday.

EUR/USD still on the res line...

[EvilTrader]

I have to say, this market is unstoppable. Still melting up on imminent chaotic Greek default!

Interesting comparison w/ May 2008:

http://www.safehaven.com/article/24281/ ... f-strength

Did you say Unstoppable ???

http://www.youtube.com/watch?v=3k2wWFb8 ... re=related

[Wallstreetrader]

1350 underway

[KeiZai]

Is this true? I can´t find any reliable source : Greek PM asks finmin to prepare eurozone exit report

[Cobra]

ok, no time for the last part of my evil plan. the little bit bigger picture looks actually good for bulls. this is a consolidation before the next breakout.

[Wallstreetrader]

big volume in these last selling cobra ?

[57chevy]

Here's a SPX Elliott Wave count reflecting my view of the recent past and how it relates to the near future. This isn't crystal ball stuff, but it probably beats a random guess.

I'd appreciate a little volatility.

[Wallstreetrader]

Outch now they blow out Jesus

[Cobra]

well guess that's it for today. a typical small range day after a huge up day, so nothing bad for bulls. thank you guys, I'll see you tomorrow.

[Petsamo]

Not looking good for the bears, fellas

[ocassional observer]

If bears can not take TRIN back up over 1 today, Hedging is required, looks like a gap set up to me, well, pay attention to TRIN guys, 5min. looks good for bear still but 1min. is definitely on the bulls side both TRIN and TRIN:SPY, I might buy call just for the hell of it before market close today. the only high hope I have for bear is a gap down open we got today.

Hi BB,

One fact today is the NYMO is above 0 for more days than EVER before. A record and the condition is Overbought. The previous record was Mar - May 2009. Keep the faith and nothing wrong with hedging. GLTA jimme

Crazy that will be a word for it.

this is a nice way to look at nymo:

peaks roughly correlate to a drop of ema20 through sma50.

[KeiZai]

Another QE = more bullish

http://www.telegraph.co.uk/finance/9061 ... llion.html

[dcurban1]

50 billion pounds is not that bad. If they can stay the course I would go long UK equities over anywhere in Europe.

[Al_Dente]

Here's a SPX Elliott Wave count reflecting my view of the recent past and how it relates to the near future. This isn't crystal ball stuff, but it probably beats a random guess.
I'd appreciate a little volatility.

57chevy best chart of day IMHO

[edit: stated by a NON WAVE viewer... i dont count waves]

[57chevy]

Here's a SPX Elliott Wave count reflecting my view of the recent past and how it relates to the near future. This isn't crystal ball stuff, but it probably beats a random guess.
I'd appreciate a little volatility.

57chevy best chart of day IMHO

[edit: stated by a NON WAVE viewer... i dont count waves]

IMO few things are more dangerous than using Elliott Waves as one's primary tool for trading decisions, but they merit a slot on the tool belt. I believe the market does tend to move in identifiable Elliott Wave patterns, but that doesn't mean it's got much predictive power.