08/19/2011 Intraday Watering

[Out of Bounds]

SPY _2011-08-19 111409 1.GIF (12.89 KiB) Viewed 23896 times

[99er]

(Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.

[jarbo456]

Anyone know what dates Jackson hole is ? When does the Bernank speakk ? ? Looks like they will take the market to under 1100 right before he rockets it higher with QE3. I really cant imagine there being no pressure from other Fed officialls regarding this. Gold is already parabolic as it is ....this will make it go insane but I stay away from the Gold trade .

jackson hole will be started mid next week, and ben's speech is scheduled 10am ET 8/26/2011.
to my evil spirit, spx at 1000 will be more helpful in proving his new qe is correct and necessary.

Thanks Soku and Jarbo . yes I think 1040ish is a good spoe before launching QE 3.


So what happens to Gold then ? Is it really going to go up forever? What , if any , are the catalysts to make gold go lower besides liquidity issues ? I can hardly imagine Central Banks start to sell gold to pay their debt. That would be the dumbest move ever.

profit taking will be the #1 reason for a large correction in gold. higher margin requirements will be #2.

my personal opinion is that we've had a larger interest in gold once the silver market's parabolic rise broke in may...aka traders who might've chosen silver over gold for the better performance, moved solely into gold.

but i would imagine a similar break in the parabolic move in gold at some point.

[uempel]

(Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.

And some day, in the not so distant future, apple will be a great short...

[Tabby]

Look honey...
SPX http://99ercharts.blogspot.com/2011/08/spx_8738.html

Black Diamonds.

Do you mean possible bottom diamond forming?

[soku]

since i have plans this afternoon for my ornithologist business, i wish:
es to stay in my box from yesterday 1135-1145. anything cross the line will be treated as overshooting and should be shot.
hold the fort. ciao

[jarbo456]

(Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.

And some day, in the not so distant future, apple will be a great short...

law of gravity - after all we all do still live on planet earth...what goes up, must come down.

[uempel]

SPY _2011-08-19 111409 1.GIF

Out of Bounds, cannot magnify your charts

[Anaconda]

Look honey...
SPX http://99ercharts.blogspot.com/2011/08/spx_8738.html

Black Diamonds.

Oh darling, are we going to Namibia?!?!

[cguirguis]

(Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.

And some day, in the not so distant future, apple will be a great short...

Famous last words...

[EvilTrader]

Anyone know what dates Jackson hole is ? When does the Bernank speakk ? ? Looks like they will take the market to under 1100 right before he rockets it higher with QE3. I really cant imagine there being no pressure from other Fed officialls regarding this. Gold is already parabolic as it is ....this will make it go insane but I stay away from the Gold trade .

jackson hole will be started mid next week, and ben's speech is scheduled 10am ET 8/26/2011.
to my evil spirit, spx at 1000 will be more helpful in proving his new qe is correct and necessary.

Thanks Soku and Jarbo . yes I think 1040ish is a good spoe before launching QE 3.


So what happens to Gold then ? Is it really going to go up forever? What , if any , are the catalysts to make gold go lower besides liquidity issues ? I can hardly imagine Central Banks start to sell gold to pay their debt. That would be the dumbest move ever.

Gold prices are linked to below average interest rates.

See this model it did very well in the past few years, and it seems the sky is the limit :

http://www.crossingwallstreet.com/archi ... ld-go.html

[ocassional observer]

just wanted to mention that ruling out a huge rally today we'll have a bearish weekly engulfing on RUT,SPX. cobra, do you know what are the success rates for this pattern?

[ocassional observer]

Anyone know what dates Jackson hole is ? When does the Bernank speakk ? ? Looks like they will take the market to under 1100 right before he rockets it higher with QE3. I really cant imagine there being no pressure from other Fed officialls regarding this. Gold is already parabolic as it is ....this will make it go insane but I stay away from the Gold trade .

jackson hole will be started mid next week, and ben's speech is scheduled 10am ET 8/26/2011.
to my evil spirit, spx at 1000 will be more helpful in proving his new qe is correct and necessary.

Thanks Soku and Jarbo . yes I think 1040ish is a good spoe before launching QE 3.


So what happens to Gold then ? Is it really going to go up forever? What , if any , are the catalysts to make gold go lower besides liquidity issues ? I can hardly imagine Central Banks start to sell gold to pay their debt. That would be the dumbest move ever.

Gold prices are linked to below average interest rates.


See this model it did very well in the past few years, and it seems the sky is the limit :

http://www.crossingwallstreet.com/archi ... ld-go.html

unless we get deflation such as in 2008.

[quientuves]

Now Europeans close, will we see a new hights test?

[Out of Bounds]

SPY _2011-08-19 111409 1.GIF

Out of Bounds, cannot magnify your charts

Sorry. But that is full size. I use a lot of small charts..

[jarbo456]

just wanted to mention that ruling out a huge rally today we'll have a bearish weekly engulfing on RUT,SPX. cobra, do you know what are the success rates for this pattern?

can you show us the chart? i'm not seeing the engulfing pattern.

[StrikePrice]

I don't see much reason to think we retest the high as the moves up look corrective now. If rebound isn't over we'll get an afternoon rally and then it's likely over with more selling monday. No afternoon rally, then we'll likely see a rebound Monday that will be just as easy to fade as this one has been.

I think 1140 SPX on closing basis is what Bulls need to see to have any conviction we'll move higher next week.

My bottom signal still needs more time so we could slowly grind down to a low and likely need to form a base. Remember what John Murphy says, Tops are quick and bottoms take a long time.

[jarbo456]

looks like we're getting a little push up here.

[uempel]

Bye guys, have a great weekend. I'm long (small position) because everybody is so bearish, me too, and secondly because I believe the markets will be trading sideways/higher into Jackson Hole...

[99er]

"Black Diamonds"

Double black diamond Double Black Diamond Expert Only These trails are even more difficult than Black Diamond, due to exceptionally steep slopes and other hazards such as narrow trails, exposure to wind, and the presence of obstacles such as steep drop-offs or trees. They are intended only for the most experienced skiers.

This trail rating is fairly new; by the 1980s, technological improvements in trail construction and maintenance, coupled with intense marketing competition, led to the creation of a Double Black Diamond rating.

http://en.wikipedia.org/wiki/Alpine_skiing