02/23/2012 Intraday Watering

[Cobra]

consolidation instead of pullback, I'm neutral now.

[BullBear52x]

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.

Everything up is good, next housing will be up

[Tabby]

Everything up is good, next housing will be up

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Wishful thinking

[BullBear52x]

sorry bears, no new DING DING DING...

[SB73]

consolidation instead of pullback, I'm neutral now.

neutral on short-term direction, but still holding the long overnight...is that correct?

[proteus46]

SPY DAILY CHART - I'm not going to fight the Bulls - but some have disappeared

[stevej]

Hope you are right on housing--I own 21 homes--rentals--bought real estate rather than stocks when I retired 3 years ago.

[jimme]

sorry bears, no new DING DING DING...

Tomorrow AM orportunities... Have a good evening and GLTA. jimme

[TraderGirl]

This article is probably long oriented, but check out profit margins graph, must revert to mean eventually. Just saw that SWY got wacked on higher costs squeezing profits...higher commodities prices means eventually growth will be stunted. Solar Cycles say we could have a commodities peak in 1Q or 2Q of 2013, which then leads to recessions......

http://theshortsideoflong.blogspot.com/

[Petsamo]

Anyone thinking of shorting USO ?

[TraderGirl]

Hope you are right on housing--I own 21 homes--rentals--bought real estate rather than stocks when I retired 3 years ago.

Where do you live? Where I live that would cost around 20-40 million for 21 homes...

[Cobra]

well, guess that's it for today. I have no clue about tomorrow yet, need dig a little. Thank you guys, I'll see you tomorrow.

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: Neutral, I will pay attention to /ES tonight. LOD today is do or die for Bulls next selling spot is double top area. lets see how this flight to the infinity will pare out.

[soku]

bot some lottery ticket on crm

[Carlos]

Well.. Had a good day today. Made some nice coin..

[jarbo456]

i'm sure plenty of people have seen the comparison to Dec-March 2011 already...but here's another look.

FXE vs SPX...looking pretty similar...

euro can still rise in the face of falling equities...proven last year.

[TWT]

SPX: If the Ending Diagonal is playing out then today´s up leg is wave (A) of a ZZ or (W) of a DZZ wave (V) ED

(thewavetrading.com)

[Richarab]

Anyone thinking of shorting USO ?

dont short it. please

[stevej]

Trader girl I leave in Grand Rapids MI and it costs about 2 here

[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!

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

Hahaha, I'm all in LONG. I'll go all in short when target is reached. EASY MONEY!!!!!!!!!1

Wave 3 up, I'm all in.