02/21/2012 Intraday Watering

[TraderGirl]

This is what I wrote last night in weekend watering...

There are two turn dates this week, Tuesday and Thursday. I am supposing Tuesday the markets start to turn down because of neg aspects mid-week. Weds and Thurs have the most neg aspects, although Thursday being a turn day, the market could start to turn up at anytime during the day. Friday has positive aspects...

i totally appreciate hearing the turn date information tradergirl, i'm just wondering how one employs it if/when there seems to be some large +/- ranges for when they occur.

for this particular one, "...supposing tuesday the markets start to turn down...thursday...the market could start to turn up...", is it shorter time frame turn dates? if the usual turn dates have anywhere from 3-6 day +/- ranges, how does one trade two turn dates two days apart, yet have several days that they may/could/should occur?

just curiosity, not criticism.

These turn dates are the actual dates....

[Richarab]

too early into NG

[TraderGirl]

Interesting that both the VIX and SPX are up today... the market opened higher and so did the VIX...could this indicate a trend change?? or at least a pull back...???

[Petsamo]

Remember guys, if you buy UNG today and hold overnight, there's a reverse split. You'll wanna buy a number of shares divisible by 4.

[Mr. T]

Interesting that both the VIX and SPX are up today... the market opened higher and so did the VIX...could this indicate a trend change?? or at least a pull back...???

No.

It just means we're going higher. Silly bears thinking trend change, is code for new bears to squeeze.

That's what Cramer told me anyway.

[TraderGirl]

Remember guys, if you buy UNG today and hold overnight, there's a reverse split. You'll wanna buy a number of shares divisible by 4.

Everytime I have seen reverse splits, the stock goes down before the split, and sometimes after...but this is an etf so I don't know what the outcome will be, so beware...

[jarbo456]

Interesting that both the VIX and SPX are up today... the market opened higher and so did the VIX...could this indicate a trend change?? or at least a pull back...???

No.

It just means we're going higher. Silly bears thinking trend change, is code for new bears to squeeze.

That's what Cramer told me anyway.

it's happened on more than few occasions in this rally already...obviously, not a trend change...

need a more powerful set of signals to indicate trend change...

it's almost come to the point where the market is going to need a flash crash to change what's going on right now.

[jarbo456]

we can all breathe a sigh of relief...this morning's sell-off has been fully recovered...

back to the regularly scheduled program.

phew. -_-

[Cobra]

hmm, we have a new game today. trend line resistance, but don't count on it.

[Al_Dente]

1min
No bots, all short covering
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[stevej]

Well I give up to much pain market will never go down

[Cobra]

let's see how this rising wedge goes.

[toplight]

same old story, buy the fucking dip

[ddd]

let's see how this rising wedge goes.

Hopefully, back to the channel.

[ctvu1]

AMZN trading poorly.

[Carlos]

If you look at MACD and Stocastics.. 10 min chart. Things are nearing a top. Overall Europe is falling as well..

Shouldn't thing go lower for rest of day?

[joeynickels]

Cobra does the RSP look a bit heavy in comparison to SPY?

[Tabby]

I think market pulls back if UUP starts going up.

[HappyFriday]

I don't like this market !
Transportation index shows a sell signal while INDU at new high ...

[BullTart]

I don't like this market !
Transportation index shows a sell signal while INDU at new high ...

Ignore that divergence at your own peril!

But maybe this time it's different?