12/12/2011 Intraday Watering

[jarbo456]

BEARS: Long term food for thought
The Long Term “Disparity Index” chart is based on the old Fosback theory that when you compare a narrow-based index or “glamour” index like the Dow 30 with a more broad-based index of stocks, any disparity or divergence that appears will eventually be resolved in favor of the broad based index.

In this chart I used $INDU (30 stocks) compared with $NYAD (which Fosback originally used) and compared to the $WLSH our broadest based index (5,000 stocks). Then I added the Hang Seng Index on the notion that China has been our global leader over the last decade.

When Fosback tested his theory all the way back to 1928 he found disparities can persist for 7-14 months before resolving in favor of the broad based index.
Please note on this chart that we are in approximately month 11-12 of a bearish disparity.
http://stockcharts.com/h-sc/ui?s=$INDU& ... =250791110
Challenges from the board are welcomed.
[Source material: “Stock Market Logic” by Norman G. Fosback]

sweet chart uncle al! thanks for sharing!

could you also throw up a 1 minute SPY vs DBV chart for us...like you mentioned this weekend?

[LBJ_OldPeking]

This kind of down trend is normally more than one leg (quoted from master cobra). So I expect Thursday's low (spy 1236) to be retested today. If breakdown, then chances are that those two big gaps will be filled and 11/25 low is gonna be tested soon. Now the question becomes more interesting if the market rebounds again from 1236....

Master cobra, what's your suggestion if this scene indeed happens? Many thanks!


Oh btw, master cobra, this is my first post here I will try to post more from now on I think. Have been diving for a while.....Also I registered for your main site membership. I feel like a thief to have this 10/month rate...!!! Thanks!

[Me XMan]

OUI!

[jarbo456]

i'm looking at the immediate short term support around 123.63/80...if we drop below that, volume-less support until 122.30.

[Me XMan]

Give me 1205

good morning all,
is 1230 our next traget?

[Me XMan]

Make it brown or black?

So what's for breakfast?

ES http://99ercharts.blogspot.com/2011/12/es_12.html

Toast.

[cougar]

GLD daily:

[LBJ_OldPeking]

i want 1150 back........lol

Give me 1205

good morning all,
is 1230 our next traget?

[BullTart]

VIX is not playing along so far... no panic yet.

That means there is a lot more room to drop, If my logic hasn't failed me yet.

[LBJ_OldPeking]

I agree
I think many ppl bought last thur and fri
And indeed, at the end of last week, almost every news seems to be positive

VIX is not playing along so far... no panic yet.

That means there is a lot more room to drop, If my logic hasn't failed me yet.

[Al_Dente]

BEARS: Long term food ....[Source material: “Stock Market Logic” by Norman G. Fosback]

could you also throw up a 1 minute SPY vs DBV chart for us...like you mentioned this weekend?

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250649703

[Mongoose]

Intel tells it like it is. . .

http://www.intc.com/releasedetail.cfm?R ... ial%20News

Santa will stuff your SOXS this Christmas.

[jarbo456]

quick Volume enhanced support levels...

*edited..."inforced"? isn't even a word...-_-

** added pivots to see how they line up.

[pady]

This fall will take us to 1140 by next week. I am all short SPXU.

[Cobra]

This kind of down trend is normally more than one leg (quoted from master cobra). So I expect Thursday's low (spy 1236) to be retested today. If breakdown, then chances are that those two big gaps will be filled and 11/25 low is gonna be tested soon. Now the question becomes more interesting if the market rebounds again from 1236....

Master cobra, what's your suggestion if this scene indeed happens? Many thanks!


Oh btw, master cobra, this is my first post here I will try to post more from now on I think. Have been diving for a while.....Also I registered for your main site membership. I feel like a thief to have this 10/month rate...!!! Thanks!

Thanks and welcome aboard.

[Al_Dente]

regular 1 min internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[99er]

Honey?

SPX http://99ercharts.blogspot.com/2011/12/spx_12.html

Channel surfing?

[Cobra]

target $123.23. I'm not sure anymore, all the targets failed recently, market always reversed after OR breakout.

[Me XMan]

SPX 1180 will be defended heavily but there's a chance.

i want 1150 back........lol

Give me 1205

good morning all,
is 1230 our next traget?

[dcurban1]

Technical Analysis, December 12, 2011 - Dow and Nasdaq

http://atruecontrarian.blogspot.com/201 ... -2011.html

European Bond Yields and Commentary - Greek 1 year bonds at 329%

http://atruecontrarian.blogspot.com/201 ... ntary.html

Round and Round we go or Why the UK may be the Smartest Ones in the Room

http://atruecontrarian.blogspot.com/201 ... ay-be.html

Good morning everyone. Looks like an ugly start to the week.