03/27/2012 Intraday Watering

[essessme]

To taggard..Thanks for your post..That is good info to follow...Ps My son's tag is taagard,every time I see your posts I wounder what is he doing here.

thank you--the key thing to me is "can we get so close to 1550-1570 that the first sell looks like a top. no clue where "close is". but the higher we go the more that sell is likely (at least short term). the psych is pretty clear as everyone will watch the sell and then buy the first dip of the top--if we manage to get over the sell point--they will be totally gung ho as "see it didn't fall apart we are in a new bull". then things get interesting. one of the best things i ever learned was not to be too exact with ta--and to really enjoy false breakouts and false breakdowns. when people are just starting these things will drive them nuts--later you are praying for them as they often are very very good signals.

good luck to you and your son

Thanks Taggard for all the thoughtful insights you provide here - from the FWIW file I have an upside objective of 1640 basis cash based on the McCellan Summation with completion by Sep/Oct of this year, it comes from the high registered prior to or coincident with the third higher peak in the summation representing the half-way point in the move. An interview by Ike of Tom Mc at about the time of this third peak had Tom looking for sideways into June based on Eurodollar historical performance but he mentions in passing that the move is half over. I went back to the last two iterations to project the above mentioned objective.

For TraderGirl the timing also lines up with something Merriman has espoused, Jupiter in Gemini, looking at the two cited examples it appears Tops occurred with Jupiter direct but within one month of either going or exiting retrograde, this also lines up with Sept/Oct time line I show from the McSum.

Again all in the L/T FWIW category
Thanks to all contributors and wishing us all good fortune....

[johnnywa]

Bulls not showing much buying power,this wave is just about finished.1424 absolute top if not 1420

[Al_Dente]

If you buy TVIX this morning you are happy man, looks like a swing buy will trigger today too, well, take 50% and let the other 50% run to the galaxy.

CAVEAT fine print:
Holding TVIX overnight can be dangerous to your health
And she can give u nightmares
“Stops” offer NO PROTECTION from overnight gaps, as they don’t trigger in overnight markets, they only trigger in daytime market hours
….. or did they change that rule too??

Thanks Dr. Al, two for two so far. any how no swing buy to hold over night just yet.

Bearie: what does that mean "two for two" ?

[johnnywa]

Bulls not showing much buying power,this wave is just about finished.1424 absolute top if not 1420

Oops never call top

[BullBear52x]

If you buy TVIX this morning you are happy man, looks like a swing buy will trigger today too, well, take 50% and let the other 50% run to the galaxy.

CAVEAT fine print:
Holding TVIX overnight can be dangerous to your health
And she can give u nightmares
“Stops” offer NO PROTECTION from overnight gaps, as they don’t trigger in overnight markets, they only trigger in daytime market hours
….. or did they change that rule too??

Thanks Dr. Al, two for two so far. any how no swing buy to hold over night just yet.

Bearie: what does that mean "two for two" ?

start trade TVIX two times, came out winner both times so far, not bad.

[dmid]

AAPL is not a short. Don't short anything that make a decisive new high as chances are the high will be revisited at least.

Thanks

[Cobra]

failed double bottom target but still not bad looking for bulls, the previous bar could be an exhaustion bar therefore we might see rebound here.

[Al_Dente]

Message for Al_Dente, I like the tick info on the chart I showed here yesterday - I miss it on your newest version. Any thoughts?

Al.png

YES THAT’S WHY I BORROWED THE CHART BACK
As usual u hit the nail on the head
I will have long answer later
thx

[Jose]

I would like to see this on the S&P

[Al_Dente]

If you buy TVIX this morning you are happy man, looks like a swing buy will trigger today too, well, take 50% and let the other 50% run to the galaxy.

CAVEAT fine print:
Holding TVIX overnight can be dangerous to your health
And she can give u nightmares
“Stops” offer NO PROTECTION from overnight gaps, as they don’t trigger in overnight markets, they only trigger in daytime market hours
….. or did they change that rule too??

Thanks Dr. Al, two for two so far. any how no swing buy to hold over night just yet.

Bearie: what does that mean "two for two" ?

start trade TVIX two times, came out winner both times so far, not bad.

CONGRATULATIONS BARON great trades
I’m just trying to caution you against using “TVIX” and “swing” trade in the same sentence.
A newbie might get carried away and get CREAMED.
Only fair if you post a BUY (on a long or short) double/triple juiced trade, that u also post the SELL
Know what I mean?

[BullBear52x]

watch IWM, there might be some more room to the down side.

[Cobra]

the feeling is up, but I cannot explain the other assets are selling off, so I'm neutral with a little little little little little little little little little little little little bullish bias.

[BullBear52x]

[/quote]

I normally will post the chart along my swing sell/buy position.

[jimme]

target.

Master C,

What would the target for SKX be? I have 11.40. No rush and thanks again for your amazing work. GLTA jimme

[Cobra]

target.

Master C,

What would the target for SKX be? I have 11.40. No rush and thanks again for your amazing work. GLTA jimme

I don't now, $13 is the first support then $12.

[noob]

the feeling is up, but I cannot explain the other assets are selling off, so I'm neutral with a little little little little little little little little little little little little bullish bias.

what is being sold off?

[TraderGirl]

To taggard..Thanks for your post..That is good info to follow...Ps My son's tag is taagard,every time I see your posts I wounder what is he doing here.

thank you--the key thing to me is "can we get so close to 1550-1570 that the first sell looks like a top. no clue where "close is". but the higher we go the more that sell is likely (at least short term). the psych is pretty clear as everyone will watch the sell and then buy the first dip of the top--if we manage to get over the sell point--they will be totally gung ho as "see it didn't fall apart we are in a new bull". then things get interesting. one of the best things i ever learned was not to be too exact with ta--and to really enjoy false breakouts and false breakdowns. when people are just starting these things will drive them nuts--later you are praying for them as they often are very very good signals.

good luck to you and your son

Thanks Taggard for all the thoughtful insights you provide here - from the FWIW file I have an upside objective of 1640 basis cash based on the McCellan Summation with completion by Sep/Oct of this year, it comes from the high registered prior to or coincident with the third higher peak in the summation representing the half-way point in the move. An interview by Ike of Tom Mc at about the time of this third peak had Tom looking for sideways into June based on Eurodollar historical performance but he mentions in passing that the move is half over. I went back to the last two iterations to project the above mentioned objective.

For TraderGirl the timing also lines up with something Merriman has espoused, Jupiter in Gemini, looking at the two cited examples it appears Tops occurred with Jupiter direct but within one month of either going or exiting retrograde, this also lines up with Sept/Oct time line I show from the McSum.

Again all in the L/T FWIW category
Thanks to all contributors and wishing us all good fortune....

Thanks, and good luck to you!!

[Al_Dente]

I normally will post the chart along my swing sell/buy position.[/quote]
http://www.youtube.com/watch?v=INXlUDF3 ... re=related

[OverUnder]

Small descending wedge here might be breaking out as I type this.

[Cobra]

well, looks like my feeling is right. nowadays, no indicators work, only chart pattern rules.