01/31/2012 Intraday Watering

[fehro]

day is not over yet... but could be setting up for a sharper move down... break all levels of support...in one move? ..a little conflicting...
Histogram, MacD cross down, with neg div on the daily, but a "golden cross" with the 50 crossing the 200, (longer term signal) and not always consistent....
http://www.ritholtz.com/blog/2012/01/ho ... den-cross/

[dr659]

H1 long, let's see how my plan unfolds.

This plan is in this last hour of today ?

[BullBear52x]

5 min. 5 million volume is another easy trade if you are nimble enough.

Baron every single one of those except 13 jan was vol on open
U follow or fade the open at 10:05 ET?

my rule of thumb always fade and hoping the volume will pick up some more as the price reverse.

I just knew u’d post that dang dog
BTW are u short FAS, no need 2 answer, am just guessing
Luv u,
Al
http://www.youtube.com/watch?v=xufxKCC1 ... re=related

You tell me buy or sell here

[SB73]

H1 long, let's see how my plan unfolds.

Cobra,

Looks like the 3 push up pattern. Market seems very undecided this week. I guess EW folks would call this the wave 4 indecision, before of course a higher high.

[Unique]

fehro, bear porn

thanks I've always enjoyed your charts

[SWalsh]

I see bears

Worth of "I see dead bulls"

You said you know an economist who believes the S&P shouldn't be above 500? Did he place bets?

He's in cash and just bought a condo in Pittsburgh after finally selling some rights a gas company needed to go under his family farm they've had for over 100 years. He has asked me why I trade this still when I know how the game has changed.

He has placed no bets which is why I like his opinion. The class he constructed and is now offered on the history of financial bubbles has had a waiting list to get in for two semesters now. His opinion is that the only way the mkt can sustain these prices is if it loses value in real terms because we become like Argentina. Until housing turns around he does not see that happening. I know a wealthy individual who lived through that as he was sent down to buy land by his father who was the president of a Dow 30 company. He said it was a very ugly time. His knowledge, with two PhDs from Yale, is encyclopedic. He went into 25% gold under $750 but thinks at some point we will curtail gold transactions. He gave the Argentina scenario a 10% chance 2 years ago. With what he is seeing now it is much higher. He did not think the Fed could be this stupid nor the government this openly corrupt.

I'm not placing either opinion into my trading as that's long-term, which is not what I do. But it concerns me that one has to be dreaming and delusional to think you can add debt eternally. Someone always pays it through default/haircuts or inflation. There is no other way out besides a technology breakthrough that vastly increases GDP.

[Cobra]

key time. bulls need a decisive higher high to invalidate my plan!

[TraderGirl]

SPX: Due to the fact that the corretive pattern is not clear below I have 2 potential options for a wave (4) of (C)

1. Triangle
2. Zig Zag or Double ZZ

Astro's favor #2 but we will see...

[SB73]

Attn Petsamo,

Can you please wake me when UNG starts moving again.

Thanks SB73

[Cobra]

good, no higher high, but I still consider my plan made 2 scores here (up then down are correct). anybody disagree?

[Cobra]

watch blue line. maintain the plan.

[Unique]

I see bears

Worth of "I see dead bulls"

You said you know an economist who believes the S&P shouldn't be above 500? Did he place bets?

He's in cash and just bought a condo in Pittsburgh after finally selling some rights a gas company needed to go under his family farm they've had for over 100 years. He has asked me why I trade this still when I know how the game has changed.

He has placed no bets which is why I like his opinion. The class he constructed and is now offered on the history of financial bubbles has had a waiting list to get in for two semesters now. His opinion is that the only way the mkt can sustain these prices is if it loses value in real terms because we become like Argentina. Until housing turns around he does not see that happening. I know a wealthy individual who lived through that as he was sent down to buy land by his father who was the president of a Dow 30 company. He said it was a very ugly time. His knowledge, with two PhDs from Yale, is encyclopedic. He went into 25% gold under $750 but thinks at some point we will curtail gold transactions. He gave the Argentina scenario a 10% chance 2 years ago. With what he is seeing now it is much higher. He did not think the Fed could be this stupid nor the government this openly corrupt.

I'm not placing either opinion into my trading as that's long-term, which is not what I do. But it concerns me that one has to be dreaming and delusional to think you can add debt eternally. Someone always pays it through default/haircuts or inflation. There is no other way out besides a technology breakthrough that vastly increases GDP.

War with Iran, oil ->150-200

See the bilderberg report predictions by Daniel Estulin, oil 3x prediction 2005->2008

[xglider]

watch blue line. maintain the plan.

Could this channel be a bear flag?

[Wallstreetrader]

double top ?

[Cobra]

watch blue line. maintain the plan.

Could this channel be a bear flag?

no, too big to be a flag.

[champix]

key time. bulls need a decisive higher high to invalidate my plan!

Big UP cobra, you rock ...

[Cobra]

volume surge, watch the next bar. now the bias is up.

[Cobra]

I said the bias is up. now the target. a little channel resistance here though, wait.

[SB73]

Dare I dream that we can keep the European markets closed all of the time

[soku]

series of hl hh. range / channel play off.
possible break out to es 1316