02/15/2012 Intraday Watering

Richarab · Post by **Richarab** » Wed Feb 15, 2012 11:05 am

SB73 wrote:For those valentines day hangovers

Dear UNG - I am glad you are not my lover, but you still sit in the triangle with some potential for real breakout, but you must clear 5.45 to 5.50 and stick there.
Dear TVIX - You have been very good to me, but now the VIX is near the upper bollinger band and the SPY hasn't moved and inch. Are you overloved?
Dear SPY - How many higher highs do you have left before you roll over. Can China save the Euro? Will Greece ever be bailed out? Can the market rally on the same rumor / story through 2012.
Dear Cash - I hold you not because I want to, but because Benny has sent you to me. Hoping to find a better home soon.

Ok back to work and GLTA. I don't see any high quality setups at the moment.

very nice

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I am here: http://maps.google.com/maps?ll=29.751054,-95.453309

Post by **Cobra** » Wed Feb 15, 2012 11:05 am

Richarab wrote:
Cobra wrote:normally, this should be 2 legged up, so the very 1st pullback would be bought I guess.
Let's see. Yesterday you got whipsawed pretty good

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I am here: http://maps.google.com/maps?ll=29.751320,-95.453392

happychen · Post by **happychen** » Wed Feb 15, 2012 11:07 am

Cobra wrote:ok, another hourly black bar. you all know what would happen for the next few bars, do you?

could you please say it? I do not want to guess. Thank you

Richarab · Post by **Richarab** » Wed Feb 15, 2012 11:08 am

stucap wrote:Nat gas doesn't look bad. Re-testing the triangle breakout? I think $3 is a reasonable target.

pump and dump
The ng futures are a blast!
Sold this morning about 5am for handsome profit
Bought again a couple contacts
Lets pump it up!

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I am here: http://maps.google.com/maps?ll=29.751239,-95.453261

TraderGirl · Post by **TraderGirl** » Wed Feb 15, 2012 11:08 am

ClarkW wrote:
TraderGirl wrote:Bank of Japan decided to do their own QE yesterday...reason for big jump...
http://www.thisismoney.co.uk/money/news ... ds-newsxml
Quick read but James Rickard's book 'Currency Wars' is a good one. Just finished myself, very good but very depressing. My next book...'How To Stop Worrying And Start Living' by Dale Carnegie

Want to read Currency Wars, looks good, why depressing?

ClarkW · Post by **ClarkW** » Wed Feb 15, 2012 11:11 am

TraderGirl wrote:
ClarkW wrote:
TraderGirl wrote:Bank of Japan decided to do their own QE yesterday...reason for big jump...
http://www.thisismoney.co.uk/money/news ... ds-newsxml
Quick read but James Rickard's book 'Currency Wars' is a good one. Just finished myself, very good but very depressing. My next book...'How To Stop Worrying And Start Living' by Dale Carnegie
Want to read Currency Wars, looks good, why depressing?

He does a great job of showing how currency wars started prior to WWI and WWII and how the same thing is happening now. Just depressing to think about the global economy, the debt, blah blah blah. Very well written, would definitely recommend

SB73 · Post by **SB73** » Wed Feb 15, 2012 11:11 am

Richarab wrote:
SB73 wrote:For those valentines day hangovers

Dear UNG - I am glad you are not my lover, but you still sit in the triangle with some potential for real breakout, but you must clear 5.45 to 5.50 and stick there.
Dear TVIX - You have been very good to me, but now the VIX is near the upper bollinger band and the SPY hasn't moved and inch. Are you overloved?
Dear SPY - How many higher highs do you have left before you roll over. Can China save the Euro? Will Greece ever be bailed out? Can the market rally on the same rumor / story through 2012.
Dear Cash - I hold you not because I want to, but because Benny has sent you to me. Hoping to find a better home soon.

Ok back to work and GLTA. I don't see any high quality setups at the moment.
very nice

---
I am here: http://maps.google.com/maps?ll=29.751054,-95.453309

Ok one more note...look at the Russell and the non confirmation of a higher high.

rhight · Post by **rhight** » Wed Feb 15, 2012 11:12 am

TraderGirl wrote:Did anyone see this chart on Kimble Charting? I saved the chart in my files, and went back to post the link today, but it was no longer on their website...?? Anyways, shows how margin interest has decreased which has usually preceded market corrections...

Good Morning,

Yes, I saw it, and you can see it again in this article posted by Gordon T. Long on Safehaven (no affiliation - just an informative perspective. Cobra - please let me know if you object to this. No harm, no foul)

http://www.safehaven.com/article/24349/ ... eep-rising

proteus46 · Post by **proteus46** » Wed Feb 15, 2012 11:12 am

One company is supporting our markets right now , AAPL. I think that says it all for Nasdaq and S&P.
It's just a matter of time before we get a correction that lasts week(s).

TWT · Post by **TWT** » Wed Feb 15, 2012 11:12 am

ES Globex : something I am looking at

(thewavetrading.com)

Post by **Cobra** » Wed Feb 15, 2012 11:13 am

happychen wrote:
Cobra wrote:ok, another hourly black bar. you all know what would happen for the next few bars, do you?
could you please say it? I do not want to guess. Thank you

I showed the chart. what's the next bar after all the black bar? You have to learn to read a chart a little bit.

SB73 · Post by **SB73** » Wed Feb 15, 2012 11:14 am

Cobra wrote:
happychen wrote:
Cobra wrote:ok, another hourly black bar. you all know what would happen for the next few bars, do you?
could you please say it? I do not want to guess. Thank you
I showed the chart. what's the next bar after all the black bar? You have to learn to read a chart a little bit.

Let me help the newbies...red then a bunch of whites once Europe closes

Post by **Cobra** » Wed Feb 15, 2012 11:14 am

DAX. isn't a good news for euro zone?

stockcycle · Post by **stockcycle** » Wed Feb 15, 2012 11:15 am

ERU/USD seems break down the bull flag > bad sign.
TZA AND VXX are still at relative reasonable prices for bear front-runners

rhight · Post by **rhight** » Wed Feb 15, 2012 11:15 am

This stinks like a top to me. I'm having Deja-phooey. If anyone needs an English translation, let me know, I just made that word up.

KeiZai · Post by **KeiZai** » Wed Feb 15, 2012 11:17 am

Come on sp500 dont fight go with your friends DAX and EURO

Petsamo · Post by **Petsamo** » Wed Feb 15, 2012 11:21 am

IWM is getting dumped on while SPY is staying elevated

btran874 · Post by **btran874** » Wed Feb 15, 2012 11:23 am

Petsamo wrote:IWM is getting dumped on while SPY is staying elevated

You forgot to mention QQQ.

Al_Dente · Post by **Al_Dente** » Wed Feb 15, 2012 11:24 am

China Europe
http://stockcharts.com/h-sc/ui?s=EWG&p= ... =252930266

soku · Post by **soku** » Wed Feb 15, 2012 11:26 am

sideway makes my line analysis easier. all lines are still there. 1347-48, then 1338-40

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