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08/10/2012 Live Update

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quientuves
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Re: 08/10/2012 Live Update

Post by quientuves »

As always for bulls... they'll knock the door till it opens or fells apart...
Last edited by quientuves on Fri Aug 10, 2012 3:05 pm, edited 1 time in total.
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Al_Dente
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Re: 08/10/2012 Live Update

Post by Al_Dente »

Professor Miyagi
Is it but butt button time yet?


Kitty indicator signal ….. http://screencast.com/t/fag1bUGgR
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
noob
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Joined: Mon Oct 17, 2011 2:54 pm

Re: 08/10/2012 Live Update

Post by noob »

taggard wrote:
Nrsimha wrote:
TradingJackal wrote:How about this -

Looks bullish.


Yeah so the dilemma seems to be that yes the market has 'melted-up' due to low volume (and da big boys usually no
like that) BUT it seems to me that there are an awful lot of 10 week/ 20 week ma bullish crosses (or near crosses) --
everywhere I look -- isnt that like SUPER-bullish ?? Anyone anyone?

well if a nice looking building is built of beach sand (and thus will cave) it's certainly ok to rent very short term--but long term purchases are going to be risky at some point. anything is only as strong as the parts it is built out of. anything works for 100-200 spx points--esp given the almost inevitable irrational action near tops. But sooner or later you wind up having to deal with reality. and the reality so far is the foundations look pretty weak.
Nowadays bad news is good news, good news is still good news. Learn to ride the trend, which is up for now.

The fact we are hovering at 1400 says that's some chance they want to push to 142x-143x before dropping it, who knows.
TradingJackal
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Re: 08/10/2012 Live Update

Post by TradingJackal »

My mistake in the previous chart. I labelled the waves today as 1 and 2. It should actually be an ABC up. I believe we are close to putting the finishing touches to B.

So, in anticipation, here is a poem I wrote:

Cometh the happy hour
Hail the HFT power
Stops popped, the sheep rollover
Wolves rule, game over.
Attachments
ES.png
There are no bulls or bears in the market. Only wolves and sheep.
Twitter @TradingJackal
http://tradingjackal.blogspot.com/
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EvilTrader
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Re: 08/10/2012 Live Update

Post by EvilTrader »

taggard wrote:
Nrsimha wrote:
TradingJackal wrote:How about this -

Looks bullish.


Yeah so the dilemma seems to be that yes the market has 'melted-up' due to low volume (and da big boys usually no
like that) BUT it seems to me that there are an awful lot of 10 week/ 20 week ma bullish crosses (or near crosses) --
everywhere I look -- isnt that like SUPER-bullish ?? Anyone anyone?

well if a nice looking building is built of beach sand (and thus will cave) it's certainly ok to rent very short term--but long term purchases are going to be risky at some point. anything is only as strong as the parts it is built out of. anything works for 100-200 spx points--esp given the almost inevitable irrational action near tops. But sooner or later you wind up having to deal with reality. and the reality so far is the foundations look pretty weak.
I agree

Slow Market action testing everyone's patience to the limit :|

Specially the adrenaline junkie traders.
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Anaconda
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Re: 08/10/2012 Live Update

Post by Anaconda »

Just walked into my office and looked at the trading screen; for those who follow and may care, I have a lovely p-bar down to exactly 139 SPY, which posted at exactly 14:00 EST. Do with it what you will.
Good weekend and ciao.
A.
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Al_Dente
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Re: 08/10/2012 Live Update

Post by Al_Dente »

FIFTH test of 200ma on the 5m
Has ANYBODY ever heard of fifth (sixth) time being the charm ????
This chop is painful
DEC 1600
ADV 1300
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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MrMiyagi
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Re: 08/10/2012 Live Update

Post by MrMiyagi »

Al_Dente wrote:Professor Miyagi
Is it but butt button time yet?
12 more minutes to POWER HOUR...

As for The Button, I don't know which one to wax!
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BullBear52x
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Re: 08/10/2012 Live Update

Post by BullBear52x »

Al_Dente wrote:FIFTH test of 200ma on the 5m
Has ANYBODY ever heard of fifth (sixth) time being the charm ????
This chop is painful
DEC 1600
ADV 1300
not looking like bulls going to make any more push
Attachments
1.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Harapa
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Re: 08/10/2012 Live Update

Post by Harapa »

Al_Dente wrote:FIFTH test of 200ma on the 5m
Has ANYBODY ever heard of fifth (sixth) time being the charm ????
This chop is painful
DEC 1600
ADV 1300
XIV HOD, is it telling anything?
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
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Al_Dente
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Re: 08/10/2012 Live Update

Post by Al_Dente »

EXACT double top on day
bust it or fail right here right now
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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MrMiyagi
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Re: 08/10/2012 Live Update

Post by MrMiyagi »

BullBear52x wrote: not looking like bulls going to make any more push
Nice white charts!
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BullBear52x
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Re: 08/10/2012 Live Update

Post by BullBear52x »

OK now my criteria are met, shopping time. tick tick tick....no ding ding yet.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Al_Dente
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Re: 08/10/2012 Live Update

Post by Al_Dente »

Harapa wrote:
Al_Dente wrote:FIFTH test of 200ma on the 5m
XIV HOD, is it telling anything?
wow yes indeed :geek:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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KENA
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Re: 08/10/2012 Live Update

Post by KENA »

Now you have it..Slow creep up and new hi..Glad I have not been at the computer much today. :D
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BullBear52x
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Re: 08/10/2012 Live Update

Post by BullBear52x »

MrMiyagi wrote:
BullBear52x wrote: not looking like bulls going to make any more push
Nice white charts!
I'll change them all eventually, one day ;)
My comments are for entertainment/educational purpose only. NOT a trade advice.
noob
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Re: 08/10/2012 Live Update

Post by noob »

Cobra, should bulls pray for red day today? Is there any stats on 5 day up?
TradingJackal
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Re: 08/10/2012 Live Update

Post by TradingJackal »

Holy cow, another Wolfe. We are going down, down, down.
There are no bulls or bears in the market. Only wolves and sheep.
Twitter @TradingJackal
http://tradingjackal.blogspot.com/
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BullBear52x
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Re: 08/10/2012 Live Update

Post by BullBear52x »

Sell here,
1.JPG

EDIT: because the MACD now turn bullish, next dip will be bought again. get ready for a tuck of war.
Last edited by BullBear52x on Fri Aug 10, 2012 3:16 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Nrsimha
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Re: 08/10/2012 Live Update

Post by Nrsimha »

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