11/14/2011 Intraday Watering

[Cobra]

target if indeed breakout. people are buying any dip aggressively.

[tdo722]

anyone here subscribe to McHugh's platinum subscription? i'd like to hear your thoughts/reviews on it before taking the plunge.

[bobo]

I truly believe that all hell will break loose between 2012 -2014, particularly 2013 -2014 (and perhaps up to 2016), as we enter the hard-down phase of the 30, 40 and 120-year economic cycles, which to my knowledge haven't been repealed.

Pug is a permabull who would be optimistic in front of a firing squad.

cobra, i found this chart from yr blog roll. he is very bullish. how well do u know him? how is his tracking record?

http://pugsma.files.wordpress.com/2011/ ... -4-111.jpg

he's pretty good --- used to follow him when his site was free.....

Agreed...doesn't hold a candle to Cobra. All of the perma bulls look brilliant in their EW analysis. At some point the perma bears will have their day in the sun and they will attract a lot of followers. My proprietary model is as neutral as it has ever been.

[Cobra]

cobra, i found this chart from yr blog roll. he is very bullish. how well do u know him? how is his tracking record?

http://pugsma.files.wordpress.com/2011/ ... -4-111.jpg

don't know him much other than he's bull.

[agnosia]

The retail investor is not playing this market, particularly those young enough to be depending on it to buy presents for their kids. They are too busy trying to make ends meet.

market goes up into the holidays because people are chasing performance into year end and more importantly they want to buy presents for their kids

buy buy buy.. don't ask why

yeah i agree with that but it's not the retail trader that moves the market... we need to know what the big boys are doing and need to do into year end and follow them.

[nikman]

nothing to say, people are very eager to buy any dip. I really don't understand why the market is so bullish. A strong bull, shouldn't have a morning down gap then sold off hard. Don't you feel that the push up is not as smooth as before?

10:00 philly data slightly better, or i shd say not too bad. bulls are defending using es 1252 friday low.

Philly Fed is on Thursday this week. Did they release the data early (today?)?

[bobo]

I have been following McHugh on and off for about 4 years and wouldn't buy the Platinum subscription even if someone offered to pay for it. I don't think he could trade his way out of a wet paper bag.

His analysis is also highly confusing and he labels his charts in contradictory fashion whereby he hedges himself 17 ways from Sunday. To his credit, his Fibonacci cluster turn windows and phi-mate turn dates can be reasonably accurate.

anyone here subscribe to McHugh's platinum subscription? i'd like to hear your thoughts/reviews on it before taking the plunge.

[BullBear52x]

I don't think market is going to hold finance, mid cap and small cap are too weak.

[jarbo456]

aapl leading the trend down again today, continuing from friday. anyone have thoughts on this? there was a short discussion about it on the weekend watering board.

[Al_Dente]

internals
Nydec did confirm the spy low, and isn’t giving up much yet
BUT VIX EITHER LOD LOW ON DAY, OR DOUBLE BOTTOM? (bull spy)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[bobo]

I tried to reply once to no avail.

The big boys will likely push the market higher to about December 28th, lock in their year-end bonuses and either walk away or short the hell out of the market. Then minor 3 and look out below. Pug be damned!

The retail investor is not playing this market, particularly those young enough to be depending on it to buy presents for their kids. They are too busy trying to make ends meet.

market goes up into the holidays because people are chasing performance into year end and more importantly they want to buy presents for their kids

buy buy buy.. don't ask why

yeah i agree with that but it's not the retail trader that moves the market... we need to know what the big boys are doing and need to do into year end and follow them.

[soku]

nothing to say, people are very eager to buy any dip. I really don't understand why the market is so bullish. A strong bull, shouldn't have a morning down gap then sold off hard. Don't you feel that the push up is not as smooth as before?

10:00 philly data slightly better, or i shd say not too bad. bulls are defending using es 1252 friday low.

Philly Fed is on Thursday this week. Did they release the data early (today?)?

philly forecast for q4 and q1 2012.
health care, people!!! anything to share?

[rhight]

To put a little perspective on things. I added some notes this morning to be mindful of. No predictions, but the political tool known as the "free" market (for congressmen and women) is floating at even on the year. Is there an index for inside trades by our elected representatives? (Referring to 60 Minutes article last night)

[BullBear52x]

Qs, Tech, and big cap are holding up but on defensive mode now, bears pressure is stronger, once VIX RSI moving back up over 50 I think the bear will rule the day.

[hutongerchuanzi]

waiting for the market to decide... let's have a little fun :

lmao, good one

[Dow Trader]

Hourly update

[cougar]

DAX seems to be running the show.
AAPL drifting lower in search of support…
We’ll see what happens after the Germans close their show in a few minutes…

[BullBear52x]

To put a little perspective on things. I added some notes this morning to be mindful of. No predictions, but the political tool known as the "free" market (for congressmen and women) is floating at even on the year. Is there an index for inside trades by our elected representatives? (Referring to 60 Minutes article last night)

Rhight, like your chart, watch RSI 5 (daily) cross back below 50 then this turn will be a real deal for bears until my uncle awake

[Dow Trader]

Another view

[jarbo456]

nothing to say, people are very eager to buy any dip. I really don't understand why the market is so bullish. A strong bull, shouldn't have a morning down gap then sold off hard. Don't you feel that the push up is not as smooth as before?

10:00 philly data slightly better, or i shd say not too bad. bulls are defending using es 1252 friday low.

Philly Fed is on Thursday this week. Did they release the data early (today?)?

philly forecast for q4 and q1 2012.
health care, people!!! anything to share?

i have a couple opinions, but waiting to hear back from a couple buddies of mine who are in the HC space. will let you know what they say when i hear back from them.