04/11/2012 Live Update

[MrMiyagi]

Any sense of direction Cobra? Seems like it is loosing steam.

[Richarab]

I guess you didn't catch the humor!

Since Europeans didn’t WOK the poodle (IWM) I have a better feeling for the rest of the day. Actually all they did was to send the poodle to fetch a ball. After they got the ball back they let him free. Let’s see what he does now.

iwm.png

As you may know I am long (in all time frames and my set up doesn’t allow playing short side now, just my silly rules), so yesterday was not a good day; just licking my wounds. But yesterday sell was also an opportunity, so I took a stab buying EDC Close to EOD. This has brought me back in green. Sold EDC earlier as that was only overnight play; maintaining all other longs.
GLTA.

does your owner know that you are working on his computer? ... i would never let my dog work on my machine...

I guess you didn't catch the humor! never mind

i just read a lot of licking oneself, poodles, fetch and chasing tails... dead give away... now get off that computer before your owner finds out...

[soku]

Since Europeans didn’t WOK the poodle (IWM) I have a better feeling for the rest of the day. Actually all they did was to send the poodle to fetch a ball. After they got the ball back they let him free. Let’s see what he does now.

iwm.png

As you may know I am long (in all time frames and my set up doesn’t allow playing short side now, just my silly rules), so yesterday was not a good day; just licking my wounds. But yesterday sell was also an opportunity, so I took a stab buying EDC Close to EOD. This has brought me back in green. Sold EDC earlier as that was only overnight play; maintaining all other longs. Here is a setup that has been doing well lately.

spy.png

GLTA.

yesterday is not a good day to me either. as i mentioned 100 times i hate trend. it is too trendy. i got out at 1370 then never get back in again. by stats today shd be green. so i add long close to end too. at 1370 i hedged my longs. not sure about the roadmap. maybe i shd exit. in general i expect some kind of correction or recovery in the next 2-3 days. wanna harvest some greeks.

[Cobra]

break down as expected. here's potential target. I'll see 60% chances, just a wild guess.

[juiceman]

Looking for help on AMGN daily chart.

[MrMiyagi]

Someone gobbling up shares of Westjet (WJA.TO) at 13.741$.

[TraderGirl]

spx...

[L_T]

Alignment chart, 15 min, so not as jumpy as 1 or 5m

411allign.png

Al can you translate what you are trying to glean from your indicators over-layed on this chart? Just curious. Thanks.

hi LT
Which internals are “aligning” with SPY/SSO, and which aren’t (INTRADAY ONLY)
Eg: if the inverted trin starts heading down, when SPY/SSO is heading up = not good
etc
I DO NOT EXPECT DOLLAR AND YIELD to move lock-step w spy intraday
But I DO WANT inverted trin and vix and (usually) banks to align w spy intraday
…. just clues to direction and strength of the move, and possible/maybe signs of impending reversal.
Here’s same chart over 5 days, note just one example 5 April, inverted trin (volume) started flowing into DECLINING stocks big time,
and the dollar was not in favor of a spy rally, etc
If u ask a more specific Q I will try to give a more specific A
thanks
PS: this chart is helpful to me, if it’s not helpful to anyone, pls let me know and I won’t post updates …. and my “feelings” won’t get hurt, promise.

411allignb.png

Good stuff thanks. So would have you interpreted the inverted TRIN spkike this morning as an entry signal just by itself or do you need several of these to agree? Also what is the MA(1) tracking?

You seem like someone that does their homework on this stuff AND keepe tweaking/improving the approach. Seems like a smart thing to do given the constantly evolving marketplace. Thanks for sharing your stuff.

[fehro]

trendlines...

[KENA]

I get a little gun shy on these P bars but one showed up 1/2hr ago at 135.92..So lets see.

[BullBear52x]

Looking for help on AMGN daily chart.

This is my way to play bull flag on a daily.

[Cobra]

anyone knows if paid contents allowed on twitter? If not allowed, I'd remove the link to the main site, only posts live update.

Cobra the only twits I know are right here on this board
Just forget that twitt thingie
Twit sucks, cobra rules

PS: have u noticed, when folks can avoid getting their feelings hurt, this board is hysterically funny, and ALWAYS helpful.
(just one recent example: harapa “wok the poodle” ….. greyhound, etc…)
I worry that our toooooo much slang will corrupt you…..

Thanks Dr. Al. You always make me happy.

[Cobra]

AAPL at key support here.

[SWalsh]

failed rebound, looks like we're going down from here.

This stuff used to happen often and be golden. Now? Not so much as computers have ruined that "human touch", but it's still worth knowing. Two fib retracements from different measurements coming together:

[fehro]

another look... neckline retest? or was that it this morning?(50 Day SMA = 1373.30) ...green upper channel band? 1375ish?

[uempel]

19 minutes to go...

[BullBear52x]

19 minutes to go...

72.png

over sold intraday, looks to be up swing in 19 min?

[uempel]

19 minutes to go...

72.png

over sold intraday, looks to be up swing in 19 min?

At the moment it looks like a bullish move, but I've been fooled many times

[Harapa]

19 minutes to go...

The attachment 72.png is no longer available

over sold intraday, looks to be up swing in 19 min?

Scalping opportunity in hand. Strictly for ulta short term trading.

[uempel]

19 minutes to go...

72.png

over sold intraday, looks to be up swing in 19 min?

At the moment it looks like a bullish move, but I've been fooled many times

1372 has to be busted with no look back...