03/01/2012 Intraday Watering

[soku]

here is a chart i see. i think he is using t-theory swalsh is following.
i don't know the author. following the copy-left rule, i just know his id is abq trader.

http://screencast.com/t/XMeLT43o

[soku]

wow do u see news? obama's kitchen or something, $35,800 per ticket. limited to 80 persons only.
if you want to get it, u'd better go now.

[stucap]

Another triangle. 99.999999% chance it breaks to the upside. 0.0000001% to the downside. Play against the casino at your own risk (and beware of a move down because that is just another dip to be bought)!

[SB73]

I just took a screen shot of apple being red so I can show it to my grandkids.

[Cobra]

triangle, so the bias is up, especially if you see TBT and AUDJPY are leading.

[btran874]

I just took a screen shot of apple being red so I can show it to my grandkids.

Hahhaha, funniest line I heard all week.

[btran874]

Another triangle. 99.999999% chance it breaks to the upside. 0.0000001% to the downside. Play against the casino at your own risk (and beware of a move down because that is just another dip to be bought)!

You are the oracle of cobra's forum for now. Great job!

[Petsamo]

Europe is closed, watch for more upside (before it tanks)

[ZimZeb]

I like your posts, very good. Thanks.

Thx richer. Homage to the King with some shaded boxes:

[Al_Dente]

1min
INVERTED TRIN REPLACES TNX (I need more real estate)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[TraderGirl]

Here is an article that may explain why Apple is in red....for the time being that is...

http://www.digitimes.com/pda/a20120301PD203.html

[CMT]

TLT is back on, this trade worked very well the last time I posted... in again at 115.65, close below 114.62 is the out.

[SWalsh]

FWIW I see that PUG is calling for a quick correction to maybe the 1320ish area followed by a move back to 1400 to 1450ish.

He uses "Elliott Wave". It appears he has his own version of Elliott Wave counting that has labels placed to fit his market bias from some charts I have seen as there are clear rules violations. With QE1, 2, 3....99, I guess it has been easy to label everything up an impulse wave and all dips corrections and appear to be right. He started doing this in mid-2009. But nothing works properly with the HFT/Algos now overwhelming the markets. I received an e-mail this morning from a friend who said that looking at the latest DeMark signal he thinks all but one of the last 10 signals on the monthly, weekly, and daily have been immediately broken. I was told mutual funds had been using that methodology for short-term trading. What better way than to know someone with less money than you just put a position on?

In a BTFD world, anyone saying "UP" can be right, despite the analysis being wrong.

I saw a Glenn Neely chart about 2 months ago stating that if the patterns he had were broken he was probably not going to trade SPY or /ES for perhaps a year as it's in a corrective phase and trying to label charts in this environment was becoming senseless. I don't follow him so I don't know if he stuck to his guns with that. He had done quite well with the metals and the Euro from what a subscriber told me.

[KENA]

Ok..how much longer before this bearish move kicks in..I have some hedges to sell that have been protecting my trapped shorts..My GMCR was not one of my trapped shorts that one turned out good at 3 point gain.Have a few day trades for breakfast $ but over all it has been a slow Feb. and boreing.Got a list of good shorts but to earily to post them.SOKU did you jump in on my coffee.

[btran874]

Loading up longs here folks.

[Cobra]

not a good sign if the push up is this weak. let's see more bars.

[waverider]

Here is an article that may explain why Apple is in red....for the time being that is...

http://www.digitimes.com/pda/a20120301PD203.html

It's red because there are no more buyers and very few shorts to be squeezed.

[Cobra]

triangle text book target. info only.

[SB73]

FWIW I see that PUG is calling for a quick correction to maybe the 1320ish area followed by a move back to 1400 to 1450ish.

He uses "Elliott Wave". It appears he has his own version of Elliott Wave counting that has labels placed to fit his market bias from some charts I have seen as there are clear rules violations. With QE1, 2, 3....99, I guess it has been easy to label everything up an impulse wave and all dips corrections and appear to be right. He started doing this in mid-2009. But nothing works properly with the HFT/Algos now overwhelming the markets. I received an e-mail this morning from a friend who said that looking at the latest DeMark signal he thinks all but one of the last 10 signals on the monthly, weekly, and daily have been immediately broken. I was told mutual funds had been using that methodology for short-term trading. What better way than to know someone with less money than you just put a position on?

In a BTFD world, anyone saying "UP" can be right, despite the analysis being wrong.

I saw a Glenn Neely chart about 2 months ago stating that if the patterns he had were broken he was probably not going to trade SPY or /ES for perhaps a year as it's in a corrective phase and trying to label charts in this environment was becoming senseless. I don't follow him so I don't know if he stuck to his guns with that. He had done quite well with the metals and the Euro from what a subscriber told me.

Thanks for the comments. I don't really trust EW maybe because I have mainly studies it over the last couple of years and can't seem to get to any conclusions other than there are no conclusions.

[StevieWonder]

many Ewavers have trouble agreeing on what has happened