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Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 4:54 pm
by TraderGirl
FinancePhD wrote:
EvilTrader wrote:just read this

http://blogs.wsj.com/marketbeat/2012/02 ... d=yahoo_hs

Im moderately short.

Looking foward to Cobra´s analysis of this mad market this weekend ...topish or not ? Major forces are in play. :?
Thanks for the post, I am reading it now.
Here is a link re: Railroads....very interesting charts....

http://blog.kimblechartingsolutions.com ... ent-again/

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 4:54 pm
by FinancePhD
TraderGirl wrote:VIX is 5.6% away from it's lows, and yet TVIX is about 15.5% from it's lows....
Since watching TVIX, that is usually where the smart money is. It's moves usually indicate where the market is going...and I think it is saying that it's not buying into this rally...IMHO

I am not saying we can't go higher on Tues/Weds, as that is my target for a potential top, (and maybe today was that top, who knows in this market) I just think that we will not continue to go up forever without a correction that takes people by surprise, since VIX is indicating there is not much protection out there...
In the next major correction, I think TVIX may go up to $30 and $VXX may go up to $35.

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 4:57 pm
by TraderGirl
I think we stay here...1360...

Apple looks jittery....

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 4:58 pm
by Al_Dente
Here’s a Colby’s refresher on Dow Theory
http://www.robertwcolby.com/dowtheory.html

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 4:58 pm
by Cobra
well, guess that's it for today. No idea what the next Tuesday will be. The seasonality is of course bearish, but who cares, doesn't work anyway. thank you guys, I'll see you the next Tuesday!

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 4:58 pm
by Al_Dente
THANKS COBRA FOR A GREAT WEEK
Thanks to all boardies for yr valuable contributions

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 4:59 pm
by Richarab
soku wrote:wanna guess the /es close price? my number is 1356.75
for fun only
i like you number
i just shorted it... 1359.25

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 5:02 pm
by TraderGirl
Have a great weekend everyone!!!

btw, apple looks like it has a descending triangle on the daily...

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 5:03 pm
by btran874
I'm gonna play lottery and buy 100 shares of UPRO and hold over the weekend.

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 5:05 pm
by TraderGirl
Al_Dente wrote:Here’s a Colby’s refresher on Dow Theory
http://www.robertwcolby.com/dowtheory.html
Thanks Al, going to read this later...have a great weekend!! :D :D :D

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 5:11 pm
by SigmaEcho
ES 4h chart

bulkowski:

Price trend Can be up (66% have a rising price trend) or down (34%) leading to the pattern.
Shape A megaphone tilted up with the bottom horizontal.
Trendlines The bottom trendline is horizontal, the top one slopes upward.
Touches At least two peaks and two valleys should touch their respective trendline.
Volume Trends upward 54% of the time and downward 46% of the time.
Breakout Downward 66% of the time.

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 5:15 pm
by TradingJackal
TraderGirl wrote:I think we stay here...1360...

Apple looks jittery....
Good shot.

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 5:44 pm
by EvilTrader
have a nice long weekend everyone !

Re: 02/17/2012 Intraday Watering

Posted: Fri Feb 17, 2012 9:31 pm
by thanos
1370 or bust! LOL. Long and strong.

Re: 02/17/2012 Intraday Watering

Posted: Sat Feb 18, 2012 12:26 am
by SWalsh
TraderGirl wrote:I love it when "Cramer" followers get so cocky when the market is up, think it goes up forever just cause "Cramer" is so bullish, pitching any stock he can get his hands on... then they whine when the market is down, wonder why they have lost so much money... boo-boo!! :cry: :cry:
I'd call Cramer a prostitute, but I'd have to apologize to the working girls. I loved John Stewart nailing him as a market manipulator when he appeared on his show. His 15 minutes have lasted far too long.