03/26/2012 Intraday Watering

[Cobra]

AAPL descending triangle is still possible.

[Jose]

Besides the EURUSD I'm missing another run, I already dislike this day and feel that this up day is strange and it's way too tricky out there. OR else I'm just sad I missed this run

sp500.jpg

Wish you were in is better than wish you were out

You are right of course

[SWalsh]

Call me crazy, but this cyclical bull market may be close to ending. A possible multi-year bull flag with another down leg yet to come??

I'll join the crazy camp. I predicted when we broke 1000 that we would see a growth of fascism in America as the government and major corporations, with Wall Street, worked together as we saw a test of the high in an X wave and then another a-b-c (down-up-down) lasting 4-6 years as most Americans wondered, "How is this being allowed to happen?" Following that would be a major inflation wiping out most Americans and a rally in stocks that in real-terms lost money.

What's the problem with my analysis? The chances of it being right far exceed it being wrong.

[TWT]

DAX : I know that the norm is that the Market can only go up and up and up

But occasionally an impulsive up leg can belong to a bearsh Zig Zag

[BullBear52x]

SPY too no more up gaps, no need to return LOL

Is this a wish or TA

Normally, gaps must be filled right? but that's back when...... look at the TRIN and VIX react now, I think the new bear position will be just fine.

I might buy TZA as hedge close to EOD. So far day looks pretty bullish to me.

Dip will be bought for sure on IWM. good entry on either side is all a trader ever ask for. another gap up I will see that as run away gap. Bears will be so toasted then.

[noob]

Cobra, we are consolidating below previous high here, I'm guessing 50/50 reversal or breakup?

[Cobra]

Cobra, we are consolidating below previous high here, I'm guessing 50/50 reversal or breakup?

no, it's not consolidation. battle isn't over for bears yet.

[Kato]

Call me crazy, but this cyclical bull market may be close to ending. A possible multi-year bull flag with another down leg yet to come??

I'll join the crazy camp. I predicted when we broke 1000 that we would see a growth of fascism in America as the government and major corporations, with Wall Street, worked together as we saw a test of the high in an X wave and then another a-b-c (down-up-down) lasting 4-6 years as most Americans wondered, "How is this being allowed to happen?" Following that would be a major inflation wiping out most Americans and a rally in stocks that in real-terms lost money.

What's the problem with my analysis? The chances of it being right far exceed it being wrong.

If you haven't already, read Bertram Gross - Friendly Fascism: The New Face of Power in America. Originally published in 1982 it is fascinating how it predicted our current political and economic condition

[SWalsh]

DAX : I know that the norm is that the Market can only go up and up and up

But occasionally an impulsive up leg can belong to a bearish Zig Zag

I was just e-mailed the same chart but with an alternate count of the low being "1" and this being wave C finishing here.

[uempel]

This is a 10 min chart, so it's not super-precise. Ellipse points to a move a few minutes before 3:00 pm

[KENA]

How many think we are going to go up to the hi of 141.28 and then break up to a new hi..We are just about there.

[SWalsh]

If you haven't already, read Bertram Gross - Friendly Fascism: The New Face of Power in America. Originally published in 1982 it is fascinating how it predicted our current political and economic condition

I'll put it in my Amazon Wish List to remember it. Thanks.

If you haven't read "The Forgotten Man", FDR was enamored with fascism, and he didn't have a big problem with what was known of communism at the time, and we were unquestionably a fascist nation during WW II. "Liberal Fascism" was a good read, and it shows how the word is very difficult to pin down. But the resounding agreement is the government having too much control of business and especially with the threat of law suits and more regulation for non-compliance.

[dr659]

Cobra, we are consolidating below previous high here, I'm guessing 50/50 reversal or breakup?

no, it's not consolidation. battle isn't over for bears yet.

Why do you not see this as consolidation?

[SWalsh]

Elliot wave is a good way to lose a lot of money fast because at the core is stubborn conviction

And it is in carbon formed named Robert Prechter.

But the fact is that the real core is human fear and greed that repeats. There is not enough human participation so it is shaky at best now, and, I think, often gamed by machines.

I have no question that it "used to" work. Or stated properly, my past experience is that I used it quite profitably. It's now best for measuring an A-B-C down because they refuse to allow a wave 3 down to gain speed. Only an outlier brings that in a controlled market.

[uempel]

Al-Dente ain't here today, but his 1 min chart shows declining advancers and rising decliners...

http://stockcharts.com/h-sc/ui?s=SPY&p= ... &listNum=3

[Cobra]

Cobra, we are consolidating below previous high here, I'm guessing 50/50 reversal or breakup?

no, it's not consolidation. battle isn't over for bears yet.

Why do you not see this as consolidation?

it's not a consolidation pattern on 60 min chart, there's no why here.

[57chevy]

Call me crazy, but this cyclical bull market may be close to ending. A possible multi-year bull flag with another down leg yet to come??

I'll join the crazy camp. I predicted when we broke 1000 that we would see a growth of fascism in America as the government and major corporations, with Wall Street, worked together as we saw a test of the high in an X wave and then another a-b-c (down-up-down) lasting 4-6 years as most Americans wondered, "How is this being allowed to happen?" Following that would be a major inflation wiping out most Americans and a rally in stocks that in real-terms lost money.

What's the problem with my analysis? The chances of it being right far exceed it being wrong.

I'll join that camp too.

http://www.blkapple.com/wp-content/uplo ... y-camp.jpg

[Cobra]

H2 long. let's see. a huge gap up day could be this boring, unbelievable.

[KeiZai]

mels info
4:00pm

5:24pm

[SB73]

Are there people out there crazy enough to trade TVIX, VXX, or UVXY after seeing what has happened the last couple of weeks? Even though I didn't get blistered on the last go round, the instruments are not trustworthy. Sticking with NUGT / DUST / SDS / SSO / SLV for the time being