12/29/2011 Intraday Watering

[johnnywa]

OR breakout target. Failed 7 out 10 recently.

This Cat way to strong most likly now test 1265,no pullback at all ,Remember yesterday I say weak no bounce at all

[Me XMan]

Got some SPY shorts $125,85

[CMT]

Long SPXU 13.15, stop 12.65... betting on Minor 2 finally being over, if it isn't then small risk / huge reward for Minor 3!!!

Would be noice. Got in on tuesday, in the middle of the range unfortunately but glad I didn't get out. If $bpspx doesn't drop tonight I won't sleep well.

Ha, agreed... I've been checking that chart ever since you posted it... didn't know about those setting before, thanks!

[cougar]

UUP any one, I am betting on the 3rd time is a charm. daily chart.

I have been long $ in size for awhile. I hope you are right.

I don’t know guys…The “stochastic cross-over” is still valid and a cool trader would probably stay long here…
But I got out this morning since I have the feeling that Da Boyz won’t let it go higher, at least for a while…
Well… the chicken ate the cougar…

[BullBear52x]

OK here is the chart that show a little more inside what happen after Trin spike what I see here.

I watch TRIN daily just slightly differently than you
Open/high/low/close TRIN (not close only)
Over the last 10 months, when it hits 4-6 intraday (not close) odds favor more selling ahead (red arrows).
When TRIN hit 6+ intraday it signaled a bottom (green arrows above 6 line) with just one fail.
Yesterday’s trin was only 5 point something.
http://stockcharts.com/h-sc/ui?s=$TRIN& ... =250561509

I know most of the people will agreed with you, I am different can you tell? LOL....most if not all the technician pay attention to the high of TRIN. I pay attention to the LOW of the TRIN.

[dcurban1]

Took a look at WTIC and Brent this morning and found two divergent technical signals.

http://www.atruecontrarian.com/2011/12/ ... -2011.html

[Anaconda]

Once again, the trend line since July's high, has proven to be a point of resistance, below the 61.8% fib retracement area. Long SDS weekly calls here.
GL,
A

[99er]

Update

AUDJPY-ES http://99ercharts.blogspot.com/2011/12/ ... es_29.html

Bearish Gartleys.

Edit: Evening Update

http://99ercharts.blogspot.com/2011/12/ ... s_470.html

[SB73]

Cobra,

What do you think MAA after MDD?

I meant MAD after MDD...not my day no wonder I am steering clear from the market right now. I told myself no trading until after the new year.

[KENA]

Yesterdays P Bar at 126.42 is well on the way to be filled.Lets see.

[bullybear]

Established a pilot short position yesterday. I suspect this is early or a dumb idea.
This is counter-trend as my intermediate term mechanical model is still signaling buy.
I am basically fishing around for a possible top.
It is in the money at the moment, but I don't have enough evidence yet to have a lot of conviction about it.
I may reposition it or close it as things unfold.

If the $ stays strong and the long bond holds up, my conviction will grow.
I get more bearish if we see SPY<124.
I noticed last night that OEX Put/Call ratio has surged last 10 days while CBOE Put/Call has declined. Sometimes there is a tell in this sort of smart money / dumb money check. Hard to say though.
Probably have to wait for after new years for better clarity.

"Probably have to wait for after new years for better clarity"

Smart prespective My cards say 2 weeks down beginning next week and last into Jan opx followed by lame bull attempt to pray hope into saving what then will be sad January effect, just like fake santa rally fizzel then spurt

I position heavy short Tuesday at 126.6 tight stop @ 127. Bull last chance to cry and punt, bear last chance to catch top. Conservative bear wait for confirm -- I like your thinking

AND BTY, while I think about it, for all the bull who cry and sold bible to buy hotdog for Christmas dinner, by Mid Jan, when all hope lost and only cry left, there still pray for you -- you can get free bible, you might need 2 bible in case you need to sell one to buy more hotdog for wennie roast in Jan

http://biblesforfree.org/

[sgregs]

Update

AUDJPY-ES http://99ercharts.blogspot.com/2011/12/ ... es_29.html

Bearish Gartleys.

99er - do you find it unusual that copper is not participating in downdraft?

[Al_Dente]

1 min intraday
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=7e5g8wXE ... re=related

[wayne0708]

OR breakout target. Failed 7 out 10 recently.

Cobra: is bear flag still valid?

[johnnywa]

100% retracement of yesterdays move,unreal

[Me XMan]

Don't you want to just dip some toes in to test the water?

Cobra,

What do you think MAA after MDD?

I meant MAD after MDD...not my day no wonder I am steering clear from the market right now. I told myself no trading until after the new year.

[Cobra]

OR breakout target. Failed 7 out 10 recently.

Cobra: is bear flag still valid?

no

[Cobra]

Cobra,

What do you think MAA after MDD?

I meant MAD after MDD...not my day no wonder I am steering clear from the market right now. I told myself no trading until after the new year.

not MAD yet.

[johnnywa]

OR breakout target. Failed 7 out 10 recently.

Cobra: is bear flag still valid?

no

Your evil of most evilest plan working.cept no down here comes 1265

[Me XMan]

SPX looking like braking on up momentum...