Re: 11/29/2011 Intraday Watering
Posted: Tue Nov 29, 2011 11:50 am
Watch crude oil at the $100 mark for market direction rest of today
The Intraday US Stock Market Discussion Board
http://bbs.cobrasmarketview.com/
I was just thinking the same, but the opposite.uempel wrote:Whoever shorts now is either stupid or he has cojones di ferro...
uempel wrote:Whoever shorts now is either stupid or he has cojones di ferro...
I am still getting familiar with this myself. Here is a summary. A web search will turn up a lot. I think we have blown the perfected setup already.L_T wrote:Mr BachNut / PLUNGE/ soku where do you guys find good info on DeMark? It's one thing I've never been able to locate a "tutorial" of sorts for. Thanks for any info you can provide.
soku wrote:i am trading demark setup and countdown for a long time. a flip is not a good trading signal. you should wait for couple more bars. 4-5 is kinda commonly accepted entry point. overall i should say demark is more on reversal. i use it more on exit side.PLUNGE wrote:Thanks for this observation! Here's my DeMark count:Mr. BachNut wrote:Market neutral.
Had a pilot short yesterday that was stopped out during yesterday's closing spike for small profit.
In spite of gain, technicals still look weak. Looking to re-establish short at higher prices.
Mechanical model is in sell mode.
Today is interesting for Tom DeMark followers. I believe a TD Sequential Setup buy signal will trigger today with an SPX close <1188.04. Above that, the setup is nullified, which I guess would keep followers of this signal on the sidelines.
And his rules for a TD:
"If before price bar 9 is reached a price bar fails to close below that of four bars previously then the Setup is abandoned and the numbers are automatically deleted. Once nine consecutive price bars have been completed the trader will be looking for a "perfected" Setup; one that is now valid for trading. Buy Setup perfected when the low of either price bar 8 or 9 is less than the lows of both price bars 6 and 7."
But I'm a novice at DeMark, so not being critical
Cobra, so does this mean the talk of "revisit the lows" is over as per last night's report?Cobra wrote:this kind of push up should be 3 legged. the very first pullback should be a buy.Me XMan wrote:So buy on the dip?
Cobra wrote:forgot to say: Target.
With all due to respect, you have some attitude problems. Neither do I long nor short at this moment, but your comment at that time seems to contradict with your call for scalpers.uempel wrote:Whoever shorts now is either stupid or he has cojones di ferro...
Cobra wrote:this kind of push up should be 3 legged. the very first pullback should be a buy.Me XMan wrote:So buy on the dip?
Cobra wrote:forgot to say: Target.
dude: THANKS FOR TNX, and always thanks for vix99er wrote:Updates TNX http://99ercharts.blogspot.com/2011/11/tnx.html
VIX http://99ercharts.blogspot.com/2011/11/vix_29.html
LOL he gave two options... either stupid OR has big ones... I added shorts, but I'd like to think I have big ones and am not stupid.luckystar2006 wrote:With all due to respect, you have some attitude problems. Neither do I long nor short at this moment, but your comment at that time seems to contradict with your call for scalpers.uempel wrote:Whoever shorts now is either stupid or he has cojones di ferro...
uempel wrote:I guess I've got to explain: signals around 1202/1205 are very contradictory, bulls seem to be in control, on the other hand resistance is extremely strong. Early in the morning I shorted ES down from 1204 to 1195, but now I don't have the guts to do it again... Seems to me the market is too strong.
SB73 wrote:I was just thinking the same, but the opposite.uempel wrote:Whoever shorts now is either stupid or he has cojones di ferro...