03/13/2012 Intraday Watering

[Me XMan]

Wow! You've got to be kidding me? $100K ???

Well I have been a bear forever, and lost 100k; I really do not know what would take this market down so I am getting out. Just can not go long; but done being short. This market is just to strong!!

[Harapa]

IWM needs to catch up with EEM (Red line) or will it be other way around?

Long TNA @ $60.21

watch 61.75 area for profit taking area

Thanks. I am looking for even less, 61.20, Due to the decay factor TNA may not reach that upper trend line while IWM makes to its corresponding line.

This is what I mean. IWM already at that line, and actually rebounded from it.

[BullBear52x]

i didn't miss this market. bulltarded like no other.
can someone give me a medium term technical set up that would've indicated buying the low last tuesday?

Hi jarbie, u missed my NYMO intraday PROXY (courtesy input fm Taggard, rocketman and evil trader)
It’s working pretty well
It’s a 2sma on the $NYAD 30 min [edit: it's 2 EMA on the $NYAD]
Note pink circles when it crosses the signal line
Right now is near the top but WILL NOT SIGNAL SELL UNTIL IT CROSSES DOWN

The attachment 313nymo.png is no longer available

LOL yes, it sure works this time anyone buy exactly on Tuesday's low? I can see after a follow thru on Wednesday, only counter trend at the bottom wedge of IWM will nailed every pennies of it.

[BullBear52x]

IWM needs to catch up with EEM (Red line) or will it be other way around?

Long TNA @ $60.21

watch 61.75 area for profit taking area

Thanks. I am looking for even less, 61.20, Due to the decay factor TNA may not reach that upper trend line while IWM makes to its corresponding line.

This is what I mean. IWM already at that line, and actually rebounded from it.

yes, got you, I like to chart them both side by side on any entry and exit.

[uempel]

Wow! You've got to be kidding me? $100K ???

Well I have been a bear forever, and lost 100k; I really do not know what would take this market down so I am getting out. Just can not go long; but done being short. This market is just to strong!!

Steve, making money in the stockmarket is more or less a full time job. I don't know anybody who's making money and ain't constantly reading the classiscs, checking the news, taking trading classes, investing 20 or 30 hours a week... Between 1982 and 2000 the rules were different, but now it's like a job...

[giggleeyes]

Update:

1.png

what's the reason the green lines are based on 4-day period cycle?

[Al_Dente]

i didn't miss this market. bulltarded like no other.
can someone give me a medium term technical set up that would've indicated buying the low last tuesday?

Hi jarbie, u missed my NYMO intraday PROXY (courtesy input fm Taggard, rocketman and evil trader)
It’s working pretty well
It’s a 2sma on the $NYAD 30 min [edit: it's 2 EMA on the $NYAD]
Note pink circles when it crosses the signal line
Right now is near the top but WILL NOT SIGNAL SELL UNTIL IT CROSSES DOWN

313nymo.png

LOL yes, it sure works this time anyone buy exactly on Tuesday's low? I can see after a follow thru on Wednesday, only counter trend at the bottom wedge of IWM will nailed every pennies of it.

No not Tuesdays low
It didn’t signal buy until Wednesday spy about 135.50
Then it stayed long until just b4 Fridays close
it is what it is

[TWT]

You've got to be kidding me?

VIX: Plunging below the envelope (20,20)BB in the past has not been bullish for the equity market

Sorry I forgot to add : for daily time frame ...... odds are larger for a rebound of VIX

[EvilTrader]

Wow! You've got to be kidding me? $100K ???

Well I have been a bear forever, and lost 100k; I really do not know what would take this market down so I am getting out. Just can not go long; but done being short. This market is just to strong!!

Steve, making money in the stockmarket is more or less a full time job. I don't know anybody who's making money and ain't constantly reading the classiscs, checking the news, taking trading classes, investing 20 or 30 hours a week... Between 1982 and 2000 the rules were different, but now it's like a job...

I second that.

Its a job, a tough one, but can be very rewarding.

[Petsamo]

If anyone wants to short something, how about X ?

[uempel]

Update:

1.png

what's the reason the green lines are based on 4-day period cycle?

No reason, it's a 4 day cycle which has been quite reliable lately. A few weeks ago it worked perfectly, then it lost traction, lately it's been working again.

[Cobra]

Wow! You've got to be kidding me? $100K ???

Well I have been a bear forever, and lost 100k; I really do not know what would take this market down so I am getting out. Just can not go long; but done being short. This market is just to strong!!

Steve, making money in the stockmarket is more or less a full time job. I don't know anybody who's making money and ain't constantly reading the classiscs, checking the news, taking trading classes, investing 20 or 30 hours a week... Between 1982 and 2000 the rules were different, but now it's like a job...

Well said, Uempel.

[BullBear52x]

first line in the sand today for me. well, for the counter trend purpose

[Cobra]

VIX is very interesting today.

[Cobra]

very small triangle here, so the bias is up.

[stucap]

If you guys are wondering where the dip was today --- see gold. And it got bought. V-shape. JBTFD (except for in NG) that's the rule comprende?

[btran874]

I think we're making stevej feels bad. Cheer up buddy. Everyone loses in the stock market. I hope you'll get some time to study and recover at a later time.

[SB73]

VIX is very interesting today.

Similar candle to the mid-April on your chart with a red hollow bar. Got a little follow through over the next couple of days before making a double bottom. Hard to ignore the vix.

As an aside, did anybody see that Southwest will not show a profit due to rising fuel prices?

Also, I read an article yesterday that there are something like 75 known global central bank interventions in the last 6 months.

[Cobra]

FOMC on 2:15pm ET, so guess we'll hang around here until then. I really don't think Fed would have anything new to say except keep interest rate low until 2014 which I think is impossible.

[uempel]

Let's not forget the upper band of the daily BB20/2: