02/27/2012 Intraday Watering

[jimme]

I think good chance we'll see rebound to test today's high here.

There is always more time to get more LIPSTICK on the PIG. It's their show. jimme

[proteus46]

USO ended Friday at a key level. 78.6

Using May 2, 2011 high of 45.60
Using Oct 4, 2011 low of 29.10

The range between the upper and lower is 16.50

0.786 * 16.50 = 12.969

The 78.6 level is 29.10 + 12.969 = 42.069

Friday, Feb 24, 2012 high was 42.07

0.786 is the square root of the inverse of the Golden Ratio (0.786 * 0.786 = 0.617796)

[KeiZai]

There's time when you sell bull flag, today is that day crazy me.

[Me XMan]

Ahh I like that pic !

There's time when you sell bull flag, today is that day crazy me.

[waverider]

VIX opened at 50% retracement from the recent highs at $22. The second bar of the day on the fifteen minute chart was a short VIX, long equities trade. Note VIX also opened ABOVE the upper BB on the hourly chart.

[Richarab]

I think good chance we'll see rebound to test today's high here.

There is always more time to get more LIPSTICK on the PIG. It's their show. jimme

you need an avatar jimme
may i suggest this

[vats]

Anyone has any idea as to what is happening with GAZ, it is up almost 10% ?? Would appreciate any feedback...thanks,

[Me XMan]

Switched from long to short $137.20

[jarbo456]

is the world saved again?

[btran874]

buy long with stop below 1366.86 is a safe low risk trade intraday.

[BullBear52x]

buy long with stop below 1369.14 is a safe low risk trade intraday.

look at 5min. candle and volume, hmm....good luck

[Me XMan]

Germany not saving Greece. They just saving the bankers.

is the world saved again?

[btran874]

buy long with stop below 1369.14 is a safe low risk trade intraday.

look at 5min. candle and volume, hmm....good luck

I cashed out but I thought it could be good or perhaps wider stop at 1366. Still waiting for SPX to hit above 1376 for a good short.

[jimme]

I think good chance we'll see rebound to test today's high here.

There is always more time to get more LIPSTICK on the PIG. It's their show. jimme

you need an avatar jimme
may i suggest this

That is a good one. He's much younger than me, so I would feel better about myself and my goal in trading... GLTA jimme

[Cobra]

target.

[uempel]

Jarbo, as to these alerts: I got a CS alert this morning to stay long this week

credit suisse? those tech guys over there who showed a "weakening" up trend and potential rollover was imminent? is that a sell signal then?

Not if "they" are selling you the stock. Always look to see who is selling you the stock. Also, if they have piles, don't buy any.

Come on jimme, this ain't for beginners. I've been following Rolf Bertschi for about 15 years. His system is quite good on the long run, quite tricky short term. Relies on momentum and trending. Sometimes very accurate, sometimes awful. Very successfull in the run up from 1995 to 2000 (as was Yamada).

[soku]

aapl new his high. rumor says ipad3 is on shipping routine

[uempel]

A signal for tomorrow?

[btran874]

buy long with stop below 1369.14 is a safe low risk trade intraday.

look at 5min. candle and volume, hmm....good luck

I just went short, 3000 shares SPXU. Thanks for the tip! Stop above today's high

[BullBear52x]

VIX needs to trade above 18 or da bear will get spank again.