02/17/2012 Intraday Watering

[KeiZai]

so boring, here comes video for fun...my girlfriend said Im starting look like him lol

http://www.youtube.com/watch?v=VObFc64OnEk

[TraderGirl]

what's hot on tv
wanna know greek's debt to gdp target? german fm said 123% by 2020.
if i make 100 bucks and borrowed 123 dollars on credit card, i call myself broke.

you funny!!

[Al_Dente]

Today is new high on INDU and on COMPQ, right?

[TWT]

DAX: My "working" count

(thewavetrading.com)

[SWalsh]

what's hot on tv
wanna know greek's debt to gdp target? german fm said 123% by 2020.
if i make 100 bucks and borrowed 123 dollars on credit card, i call myself broke.

you funny!!

America will never go back under 100% debt to GDP and we hand money to more each day. We could all (or almost all) be wiped out due to duplicating Argentina to not default.

When one eats from the Tree of Knowledge one can get quite sick. We can't take much more of this. I don't know if much time is left, or if any time is left after this invasion.

I speak to a Greek restaurant owner once a week whose father still lives in Greece. He's trying to get the rest of his family to move here but they cannot immigrate legally. They don't believe there is a nation left in Greece nor that the riots are going to stop. The common man there is starting to say the government must be changed. History shows that what replaces it does not fix any problems.

[dumamay]

Several thoughts..

I know that we focus on technical trading here, but we must also consider the fundamental backdrop to be prepared for all moves.
-tt

One has to factor in that what we have looked at in all of America since March of 2009 comes from the most corrupt administration in history, and we have president who is destroying every single institution and especially the military. 2009 was "All manipulation, all the time". It has not stopped. Prices are an illusion.

The Greek president is less of a socialist than the US president who exempts anyone who contributes enough through a loophole.

Let me give just one example of how America is being made into a nation of capon. And if anyone thinks it's inappropriate, let me know what you are doing in 5 years because if you think you'll be trading you are nuts! You will be regulated or taxed out of business!
--------------------------------------------------------------------------------------------------------------

CAMP ZAMA, Japan – The Army is ordering its hardened combat veterans to wear fake breasts and empathy bellies so they can better understand how pregnant soldiers feel during physical training.

This week, 14 noncommissioned officers at Camp Zama took turns wearing the “pregnancy simulators” as they stretched, twisted and exercised during a three-day class that teaches them to serve as fitness instructors for pregnant soldiers and new mothers. Army enlisted leaders all over the world are being ordered to take the Pregnancy Postpartum Physical Training Exercise Leaders Course, or PPPT, according to U.S. Army Medical Activity Japan health promotion educator Jana York.

--------------------------------------------------------------------------------------------------------------
It's "Administration Gone Wild". America has a retrovirus!

[SWalsh]

DAX: My "working" count

(thewavetrading.com)

It is amazing how much cleaner that count is compared to our markets. But I think HFT activity has been widely restricted there.

[KENA]

Very slow day..and..Very slow and not much verbage on this web site also.I'm not helping much either.

[dumamay]

To S Walch We don't need US troops in Japan or in S Korea for that matter.

[TraderGirl]

Been going through some charts. Semi's are a good indicator of tech health. Looks like we are hitting long term resistance on a lot of charts. (TXN may be setting up for a bearish wedge) We either need to bust through with conviction, or it could be a leading indicator of weakness ahead...

[SWalsh]

Anyone following Prechter out there?

Jan 10 in the Elliott Wave Theorist he stated:

INTERIM REPORT: Wave (2) appears to be ending, and the S&P is pushing 1300. Speculators should move to maximum leveraged short. Place a stop at 1360 basis the cash S&P. We will lower the stop if action permits".

I don't have the TV on but I would think this has to be mentioned. Does anyone know if that meant all of EWI's positions are now flat in the S&P?


I'm looking for down now under "The Way Life Works" theory that has stood me well over the years.

Use your own wisdom. We are not done with upward move yet, very close.

Any particular reason for thinking that?

As to "wisdom", I find that gets in the way. Wisdom I have plenty of! I've been doing much better since asking this question: "Do I think the machines are going to stop it at this trendline, or is there a setup to blow it through?"

[Al_Dente]

Adele http://www.youtube.com/watch?v=LZXjqwOx ... re=related

[KeiZai]

MMs probably have meeting what to do next...the cat knows it

[SWalsh]

To S Walch We don't need US troops in Japan or in S Korea for that matter.

ABSOLUTELY AGREE!

They needed to be on our borders. And this deficit we have is in large part due to entitlement payments.

I have to slow down here. I could hold a class on what is being done to this nation that is killing it. That we see corruption that is unchecked on Wall Street is because corruption is becoming pandemic.

[Cobra]

well, everyday is the same. after the morning dip, then simply up until the close, really boring.

[soku]

Very slow day..and..Very slow and not much verbage on this web site also.I'm not helping much either.

kena, i forgot to respond to you yesterday. i think it is good time to add real estate. if you follow my portfolio update, i read the data wrong and didn't act in late dec when i got the buy signal. i went long in jan. not only re is income generating, i think the housing market is stabilized and we may see some recovery.
also utility is another income generator to me. gas will be oversupplied again in 2012. this means ng and electricity spot price will be low. the spread between their cost and servicing price will remain juicy as 2011.

[TradingJackal]

Sharing a potential setup based on Slater's .886gap5@geo. I came to know of his work through his posts on another site. Let's see if this pans out.

http://www.flickr.com/photos/76864054@N04/6892702047/

[Tabby]

Anyone following Prechter out there?

Jan 10 in the Elliott Wave Theorist he stated:

INTERIM REPORT: Wave (2) appears to be ending, and the S&P is pushing 1300. Speculators should move to maximum leveraged short. Place a stop at 1360 basis the cash S&P. We will lower the stop if action permits".

I don't have the TV on but I would think this has to be mentioned. Does anyone know if that meant all of EWI's positions are now flat in the S&P?


I'm looking for down now under "The Way Life Works" theory that has stood me well over the years.

Use your own wisdom. We are not done with upward move yet, very close.

Any particular reason for thinking that?

As to "wisdom", I find that gets in the way. Wisdom I have plenty of! I've been doing much better since asking this question: "Do I think the machines are going to stop it at this trendline, or is there a setup to blow it through?"

1-I don't trust Pretcher. He had call for SPX 1295 as top and many people are stuck there.
2-probablly we close lower to make sure people go short over the three weekend holiday.
3-1371 is my final answer.
BTW, AAPl falling off the tree.

[dumamay]

To S Walch We don't need US troops in Japan or in S Korea for that matter.

ABSOLUTELY AGREE!

They needed to be on our borders. This deficit we have is largely in part to entitlement payments.

I have to slow down here. I could hold a class on what is being done to this nation that is killing it. That we see corruption that is unchecked on Wall Street is because corruption is becoming pandemic.

I agree but those folks on entitlements are a large part of the problem but they are also voters. And the Gov't does not want to piss them off. What we need is a change in the health care system. There are many countries that have Nat'l health care systems and they are not all failing(some are). What we need is leadership not rhetoric or sound bites.

[soku]

guess what? greek 1 yr is 629%. if they don't default, u make 600% return. wanna try?

http://www.zerohedge.com/news/greek-1-y ... yield-ever

i did a little bit data testing. now i believe the market price is with a priced-in 70% haircut. the remaining is the risk premium on bk, which is still above 100%. in plain english, i expect 70% around 3/20-3/26 time frame (if you remember my post on the deadline). then i am expecting greece with bk rumor for another long time.

Keith Barron made an interview today. he called greece a leh times 1000.