02/23/2012 Intraday Watering

[trendfollower]

Video on indexes, oil, gold, silver, dollar, and VIX:

http://goo.gl/eaNQu

[btran874]

3:05PM. It's that time again. Come on Wave 3, let's dance.

Hurry the hell up bots, it's 3:05PM. Jesus!

[TWT]

EUR: A look at the impulsive thrust out the Triangle ............ wave (5) is in progress but NOT DONE YET

(thewavetrading.com)

[Major]

Cobra,

Is there a setting where a new post automatically refreshes the page so one can see it?

Here's a free Yrefresher. I've used it in the past. It does a good job. I haven't used it in a while, though.

Thanks...I'll install tonight.

For FireFox users there is an add-on called Reloadevery. Current v is 10.0.0.

[BullBear52x]

New sell should trigger in about 10 minutes and will see from there just a head up if anyone care.

[btran874]

3:05PM. It's that time again. Come on Wave 3, let's dance.

Hurry the hell up bots, it's 3:05PM. Jesus!

Wave 3 up, hahahaha... easy money. Maxing out the rest of the UPRO for 20 more SPX points. YEA BABY!!!

[Richarab]

3:05PM. It's that time again. Come on Wave 3, let's dance.

Hurry the hell up bots, it's 3:05PM. Jesus!

"oh, yeah, sorry boss.. i just had to go to the bathroom... i'll hit the button now"

[KENA]

Another stock has PBOH and now has broken up out of the dn channel For the bulls Buy "p" long swing trade.If the mkt turns dn this will go with it.Look at your charts, looks good.

[SB73]

My thoughts for the day

Metals generally have good chart set ups, but are at a crossroads. I like the miners over the metals, although Silver has been a terrific play this week.

Commodities have reasonable set ups, but waiting for more breakouts on some of the ones I follow. UNG has this innate ability to lose 3% in 30 seconds and then grind higher the rest of the day. I have bought the last couple of dips and although I am currently green, I don't like the stability. Will hold as long as the 5/10 EMA's cooperate with a positive MACD.

Equities probably need to make one more push to the top of the BB which is currently at 1375 on SPX. Maybe we get a nice gap and trap in the next day or two. BTFD still seems to be working, but overall the set up for big money on equities is currently not available IMO.

TVIX - I must mention my girlfriend that I have avoided like the plague since last Friday. TVIX will make another powerful move soon, but I don't see it in the 16's, but rather the 15's or even high 14's. Maybe it will coincide with the gap and trap.

Finally, this has been a difficult week to get traction on profits and I have likely overtraded. Cobra, I notice that the impulse system is only sitting on 2 losses both SDS . Wow if those were eliminated it would be a banner year.

[Cobra]

breakout, so here's the target.

[Tabby]

When can we consider this is not ending diagnol and consider that abc (4th) from 1367 ( 3rd) wave done and we are going for another 1,2,3,4,5 minor 5 waves to 1390?

[SWalsh]

"Criminal is as criminal does"

HFTAlert posted:
massive 400+ share HFT sell spike..they manipulate it up running limits, then sell into it.

[SWalsh]

When can we consider this is not ending diagnol and consider that abc (4th) from 1367 ( 3rd) wave done and we are going for another 1,2,3,4,5 minor 5 waves to 1390?

I wish that question could be answered. I sure as hell can't. The market can, and will, do anything. EW needs people, not a high-speed abacus, to allow a flow into the mkt where EW is reliable.

I see enough waves for this to be done already. And given the length of what I think is a corrective wave 3, the 5th wave should not extend. But with The Lloyd, all things are possible (apologies to Matthew, Mark, Luke, or John)

[soku]

people calling break out for a 3 point rally? lol i think the key level is 1362.25. need to see a material take over to plan for the next move. my guess, it is not going anywhere.

[proteus46]

USO DAILY CHART - above the upper BB (2 standard deviations) - tomorrow morning may be
a good time to buy SCO for intra-day trade after USO gaps up,,,,imo

[Cobra]

overshot, may see pullback here.

[Petsamo]

WLT has a descending wedge. If SPX busts to the up side, WLT will probably do the same.

[stevej]

This market is a joke; 108 oil, silver up, gold up; Europe in the tank; 2% 10 year and the market just goes up. I just don't buy it.

[jimme]

Selling SSO calls in here soon and reverse my position. Not sure about at the close or tomorrow AM?? GLTA jimme

[Tabby]

When can we consider this is not ending diagnol and consider that abc (4th) from 1367 ( 3rd) wave done and we are going for another 1,2,3,4,5 minor 5 waves to 1390?

I wish that question could be answered. I sure as hell can't. The market can, and will, do anything. EW needs people, not a high-speed abacus, to allow a flow into the mkt where EW is reliable.

I see enough waves for this to be done already. And given the length of what I think is a corrective wave 3, the 5th wave should not extend. But with The Lloyd, all things are possible (apologies to Matthew, Mark, Luke, or John)

With QE coming from anywhere allover the world, we might hit SPX 2012 by the end year 2012. Stocks go up, gas goes up, food price goes up.