08/16/2012 Live Update

[Out of Bounds]

When Timing Fails?

[Cobra]

Cramer just came over for bloody marys. He said, Dude, I wouldn't wait anymore, just start buying s**& randomly, it really doesn't matter, we're in a bull market and this is no time to try to pick stocks.

Then he said "WTF!". Does anybody know what that means, is that a trading term?

[MrMiyagi]

All day long I have been thinking it is Friday.............

[BullBear52x]

We probably move higher to 1422 but ... I went with TZA at 16.70 ... better sleep at night...

I'm thinking of getting in TZA if this support holds around 16.10

Keep this chart pattern in mind, I know IWM is weakest link.

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: another extreme day, stay solvent!

[Cobra]

looks like I might be wrong. but still don't believe this is a double top, since when bears got lucky?

[MrMiyagi]

Bars for the alkies

[Al_Dente]

Cool……....listen to Cobra……...Einstein ...

Here is how I have it. I have these on 1 min screen. It helps me decide between relative strength of three entities that I am interested in. I can adjust the starting points to my liking. I do sometime use these to to decide between EEM or IWM if my algo favors both. ...

U r spot on PERFECT w relative strength
Mine too tells me in an INSTANT which is strongest (I screencast this one at 2:50 ET)
If I get a spy or renko or xiv or whatever “GO” then I look for what is strongest % (this example is only on the long side)
….otherwise I b on the right side, at the right time, in the wrong vehicle.
IT IS ABSOLUTELY INTRADAY ONLY ONLY as u know.
Most symbols here are 3x just so they JUMP OUT AT ME, but I only trade 3x on “trend days”
If it’s a “chop day” I go much more boring and small, or I see if I can do any damage in metals (as metals sometimes just don’t give a shite what kind of “day” it is).
I win some/lose some but I try to be pretty TIGHT and unforgiving on scalps.
Then second tab (not pictured) is exactly the same, but in reverse, for sells, obviously w short symbols.

We may be on/close to the same page, the IMPORTANT challenge is figuring out what kind of music u like so I can thank u with a song……….

http://screencast.com/t/nU3GmdafL

[Petsamo]

Some thought that pattern on the SPY daily was a bear flag

It still may be...


EDITED : 3 day bars - so ignore that last volume bar

I think we can agree that prophecies of technical patterns don't always play out

[Out of Bounds]

Some thought that pattern on the SPY daily was a bear flag

It still may be...


EDITED : 3 day bars - so ignore that last volume bar

I think we can agree that prophecies of technical patterns don't always play out

Oh, i agree, but I can't help but watch this thing growing - it's like a pimple before the big prom... It has me worried.

[Out of Bounds]

Short before close to hold overnight - plan to sell at open.

[Al_Dente]

even HD is trying to relax after a long hard day

[Cobra]

hmm, sometimes bears do get lucky. I bet it won't reach the target.

[TraderGirl]

We probably move higher to 1422 but ... I went with TZA at 16.70 ... better sleep at night...

I'm thinking of getting in TZA if this support holds around 16.10

Keep this chart pattern in mind, I know IWM is weakest link.

The attachment 1.JPG is no longer available

Yes, it is a possibility for a top, but my charts say possibly more up until around 22nd... and the count on TNA and TZA doesn't quite look complete....IMHO...we'll see....

[Cobra]

well, guess that's it for today. the small range we had in the past few days was resolved on the upside, looks strong, so normally should be more. Thank you guys, I'll see you tomorrow.

[Nrsimha]

We probably move higher to 1422 but ... I went with TZA at 16.70 ... better sleep at night...

I'm thinking of getting in TZA if this support holds around 16.10

Keep this chart pattern in mind, I know IWM is weakest link.

1.JPG

Yes, it is a possibility for a top, but my charts say possibly more up until around 22nd... and the count on TNA and TZA doesn't quite look complete....IMHO...we'll see....

New Moon tomorrow !!!

[TraderGirl]

Would like to see some pos d on TZA....

[MrMiyagi]

Would like to see some pos d on TZA....

TZA/TNA are driven by IWM prices which is in turn driven by RUT. Would in not be RUT that paves the road to these T Twins?

[Al_Dente]

BB52x
anywhooooooo the Twilight guy broke up with that cheating biiiitch and the kids are unconsolable

[MrMiyagi]

anywhooooooo the Twilight guy broke up with that cheating biiiitch and the kids are unconsolable

She has no personality. None. Zero. She must rock in bed.. maybe?