09/17/2012 Live Update

L_T · Post by **L_T** » Mon Sep 17, 2012 3:06 pm

Petsamo wrote:Yo L_T,
I bought some INTC, 23.19, 70 shares only. I can't sell til Thurs.

Hmmmm consolidation below key moving averages after a big move down . I don't think I would go with INTC.

AMAT looks much better here. You've got consolidation after a move up with price above those same moving averages.

StevieWonder · Post by **StevieWonder** » Mon Sep 17, 2012 3:12 pm

I looked back at the 20 year daily SPY chart this weekend to see how times the low of the SPY was completely above the Bband high. I visually saw 3 times. Results were sideways (2 weeks) or up.

Not very statistically with only 3 data points though.

KeiZai · Post by **KeiZai** » Mon Sep 17, 2012 3:15 pm

dollar is starting the final pushup

Post by **Cobra** » Mon Sep 17, 2012 3:18 pm

another descending triangle here?

Petsamo · Post by **Petsamo** » Mon Sep 17, 2012 3:20 pm

L_T wrote:
Petsamo wrote:Yo L_T,
I bought some INTC, 23.19, 70 shares only. I can't sell til Thurs.
Hmmmm consolidation below key moving averages after a big move down . I don't think I would go with INTC.

AMAT looks much better here. You've got consolidation after a move up with price above those same moving averages.

Currently, IWM is down more than INTC. That's what I'm looking for, outperformance.

Post by **Cobra** » Mon Sep 17, 2012 3:22 pm

guys, a little vote to keep me from falling into sleep please. Thank you. http://stockcharts.com/public/1684859/tenpp

Post by **Cobra** » Mon Sep 17, 2012 3:26 pm

descending triangle text book target.

L_T · Post by **L_T** » Mon Sep 17, 2012 3:27 pm

Petsamo wrote:
L_T wrote:
Petsamo wrote:Yo L_T,
I bought some INTC, 23.19, 70 shares only. I can't sell til Thurs.
Hmmmm consolidation below key moving averages after a big move down . I don't think I would go with INTC.

AMAT looks much better here. You've got consolidation after a move up with price above those same moving averages.
Currently, IWM is down more than INTC. That's what I'm looking for, outperformance.

Yeah I can tell you look more for a reversion to the mean kind of setup whereas I'm looking at momentum. They are opposite in viewpoint sometimes!

Post by **Cobra** » Mon Sep 17, 2012 3:28 pm

no change on big picture, still looks like a bull flag. Monday is bear's only good day recently.

BullBear52x · Post by **BullBear52x** » Mon Sep 17, 2012 3:29 pm

Thanks Cobra and everyone, GLTA

TA note: shooting star candle is now confirmed. swing stop will turn to line in the sand, sell that is.

Al_Dente · Post by **Al_Dente** » Mon Sep 17, 2012 3:30 pm

OIL

“…It was not immediately clear what caused the crash, but traders said it could have resulted from a problem with a computer trading program…The market has also been watching for any move to release crude oil from the …[SPR]…
‘I've been doing this for 14 years and that's the fastest move I've ever seen," said [Bozo]…I think it was too fast to be anything but HFT
… We just don't know right now…”
http://www.reuters.com/article/2012/09/ ... ss+News%29

L_T · Post by **L_T** » Mon Sep 17, 2012 3:33 pm

Al_Dente wrote:OIL

“…It was not immediately clear what caused the crash, but traders said it could have resulted from a problem with a computer trading program…The market has also been watching for any move to release crude oil from the …[SPR]…
‘I've been doing this for 14 years and that's the fastest move I've ever seen," said [Bozo]…I think it was too fast to be anything but HFT
… We just don't know right now…”
http://www.reuters.com/article/2012/09/ ... ss+News%29

Oil flash crash? Check out USO, UCO, USL, etc.

Petsamo · Post by **Petsamo** » Mon Sep 17, 2012 3:36 pm

Any opinions on XLP ?
Short term, it's underbought relative to IWM.

MrMiyagi · Post by **MrMiyagi** » Mon Sep 17, 2012 3:37 pm

Do you believe in Santa? tooth Fairy? Easter Bunny?

L_T · Post by **L_T** » Mon Sep 17, 2012 3:41 pm

MrMiyagi wrote:Do you believe in Santa? tooth Fairy? Easter Bunny?

Your p-bars have been pretty accurate lately right?

Al_Dente · Post by **Al_Dente** » Mon Sep 17, 2012 3:42 pm

AAPL is not giving up so easily

Petsamo · Post by **Petsamo** » Mon Sep 17, 2012 3:43 pm

Hopefully, this bounce doesn't go too far

Carlos · Post by **Carlos** » Mon Sep 17, 2012 3:43 pm

are we heading lower??

Post by **Cobra** » Mon Sep 17, 2012 3:44 pm

nothing to say, 17 min to close, anything could happen.

TraderGirl · Post by **TraderGirl** » Mon Sep 17, 2012 3:45 pm

potential count?? are we in wave iv of C?

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