02/07/2012 Intraday Watering

[ballatines]

SPX

Megaphone Top.

http://www.99ercharts.com/

GLTA.

99er hello! i always come here to wait for ur post

anyway, at least the theme look like more dramatic than moving sideway ... hopefully ...

[springheel_jack]

Just for the record Prechter advised his subscribers to go (leveraged!!!) short at about 1290 with a stop at 1360, on the basis on imminent major 3 down or whatever. I also have it on very good authority that EWI counts all conform to EW rules, however wildly wide of the mark they eventually turn out to be.

Updating Prechter's record......

Prechter started calling a top by AT LEAST 988 SPX on August 28, 2009. Two others who have subscribed confirmed Aug, 2009. Those shorts have never been covered. He did not advise everyone to go short, but only traders and not investors. It's a nice marketing technique. He did catch 80%+ of the down move. But it would be unfair to single him out as I saw a list of the top ten market analysts with a solid record ALL stating the top was in place near SPX 1000.

As to his validity of counts to theory, that is not correct. I could pull many charts of theirs up and point out where they have violations and I know people who have written to them and the replies are rather cryptic. They have violated them with regularity to fit their bearish stance. The best thing for bears is his capitulation and retirement.

B waves are drawn out affairs. Note on the chart (taken from August 28, 2009), and this count changed multiple times, the brevity of the B waves. When a B wave is minuscule to wave A the count is always going to be wrong and it is likely a 2 or an X wave.

Well that's your view. I don't have a personal opinion as I don't use EW much but a very good EW analyst friend tells me that all their counts are all technically flawless, though obviously frequently overtaken by reality shortly afterwards. No-one that you know. Obviously one of you must be mistaken.

I know Prechter's called many many tops. Hence the joke about him correctly predicting 30 of the last 3 bear markets.

[Richarab]

can we call the UNG - NG - a bottom? finally?
please?

[thanos]

HFT information in real-time

Again a reminder that the HFT program guy is often online (but usually not Wednesdays) commenting on what is taking place with the machines.

http://stocktwits.com/HFTAlert

There is no advertising for his program (expensive) or service. These are on StockTwits at no cost and no discussion takes place.

Those crazy HFT things always causing havoc with the market. Please tell us more trading Jesus with the high IQ. How about just understanding that support on the spx is around 1335 and momentum is still up. Oh yes i forgot that information wasnt' complicated enough for the high IQ members here! LOL

[springheel_jack]

can we call the UNG - NG - a bottom? finally?
please?

UNG has firm looking support at zero. The closer it gets to there the more attractive it looks. Pretty close now.

[KeiZai]

LOL...greek theatre continues

http://www.reuters.com/article/2012/02/ ... HI20120207

[99er]

BB52x

Blogger, while free, sucks. Some Russian bots will link your new site to their porn. Check out your visitors!

[Cobra]

OK, false breakout. but still bulls not bad yet.

[Wallstreetrader]

RUT indeed !

[stucap]

target, if indeed breakout.

i wish i were a bulltart. i'd be much less bitter and have way more lunch money.

You referring to me? Still got my large TVIX position in play so you might be right.

I am like a crocodile though...I can wait for a very long time for the tasty meal and not eat for months!!!

nah --- not you directly --- i refer to bulls as bulltarts in general.

[Al_Dente]

Someone's buying VIX calls, betting it's going to double, and pop to $35 in the next week to be in the money...

huevo, thx
I still got nada on my VXX/TVIX signal....But then im late
PS I think everybod watching 4 DIS eps tonite

[Petsamo]

Anyone follow POT ?

[Richarab]

can we call the UNG - NG - a bottom? finally?
please?

UNG has firm looking support at zero. The closer it gets to there the more attractive it looks. Pretty close now.

your right!

[99er]

ballatines

Thanks.

[springheel_jack]

can we call the UNG - NG - a bottom? finally?
please?

UNG has firm looking support at zero. The closer it gets to there the more attractive it looks. Pretty close now.

your right!

I think I'm right in saying that UNG is down about 95% from the 2008 highs. At the least the worst of the decline would seem to be over

[Cobra]

evil plan for fun. not sure how far this rebound can go because so far it could be a small bear flag.

[Al_Dente]

In the old days, last month, VIX 5m bolingers would compress ohhhh, maybe once a week, if that.
NOT EVERY SINGLE DAY, already...

springheel “”””””””UNG has firm looking support at zero”””””””

[KeiZai]

Anyone from Greece here pls?

Im interested in OPAP after euro issue will be solved, any recommendations?

[Cobra]

I believe I made the 1st score.

[waverider]

Someone's buying VIX calls, betting it's going to double, and pop to $35 in the next week to be in the money...

huevo, thx
I still got nada on my VXX/TVIX signal....But then im late
PS I think everybod watching 4 DIS eps tonite

Yeah, no tradable bottom for it yet, I think we'll see one soon. Maybe that enthusiastic call buyer is just blowing smoke.

Thanks Al, DIS is a doji on the daily, flying high above the moving average. I'm guessing it sells off tomorrow.