Page 6 of 18
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:15 pm
by jarbo456
tdo722 wrote:tdo722 wrote:jarbo456 wrote:bears definitely not a winner today...as of yet.
AUD/JPY still back in that range...just a magnet for the price...and while in the box, it's just chop chop for weak bulls and lazy bears...
That looks like a complex H&S top.
Forgot to mention, a complexe H&S top has a very high success rate. Thanks for showing that chart, otherwise I wouldn't know.
indeed...but we need a clear break below the "box" to confirm the signal.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:16 pm
by tdo722
jarbo456 wrote:tdo722 wrote:tdo722 wrote:jarbo456 wrote:bears definitely not a winner today...as of yet.
AUD/JPY still back in that range...just a magnet for the price...and while in the box, it's just chop chop for weak bulls and lazy bears...
That looks like a complex H&S top.
Forgot to mention, a complexe H&S top has a very high success rate. Thanks for showing that chart, otherwise I wouldn't know.
indeed...but we need a clear break below the "box" to confirm the signal.
No we're missing 1 more right shoulder.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:21 pm
by stucap
SB73 wrote:Playing both sides today...just went short with stop at the gap.
i'm short 1280 ES, target: break low, stop 1284.
If bears fail again, make sure you get out from in front of the BUS to 1300+
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:21 pm
by jarbo456
we're about to get a cross supporting this move up...if there's a gap fill, bears are toast.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:22 pm
by TraderGirl
Don't know if the market will continue up from here, but looking at the wave structure, we had a higher wave yesterday (higher than the morning high of the 10th) so that could have been an ending wave. Now we could have started wave a or 1, and of course we have to have wave b or 2 wave up in order to get the c or 3rd wave down, so I will wait to see if we get further waves down....???
So far, we have had further waves down, so I will go with that until it doesn't make sense anymore...
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:22 pm
by Al_Dente
STUCAP
Note the previous times straight volume (not ratio) spiked like that (pink circles)
Note last times $NYAD looked that bearish (blue circles)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =253530436
http://www.youtube.com/watch?v=qDQpZT3GhDg
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:23 pm
by SB73
stucap wrote:SB73 wrote:Playing both sides today...just went short with stop at the gap.
i'm short 1280 ES, target: break low, stop 1284.
If bears fail again, make sure you get out from in front of the BUS to 1300+
Stop is in place no worries.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:24 pm
by GreedyKojiro
dcurban1 wrote:So who gets the downgrades today in Europe? 3PM is the fun time!!!
I don't know but the S&P has been quiet lately while Fitch already released their updates. Today at close to get the news seems right. Markets need 3 days to digest anyway
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:26 pm
by tdo722
GreedyKojiro wrote:dcurban1 wrote:So who gets the downgrades today in Europe? 3PM is the fun time!!!
I don't know but the S&P has been quiet lately while Fitch already released their updates. Today at close to get the news seems right. Markets need 3 days to digest anyway
I need a job at S&P to help my sucky sucky trading skills.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:28 pm
by jarbo456
what's a green hanging man followed by yet another long shadowed red doji pattern called?
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:29 pm
by SB73
When it goes up you just have to get on board because it won't take a breather. When it goes down lots of stops are made to allow new entries.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:29 pm
by stucap
jarbo456 wrote:what's a green hanging man followed by yet another long shadowed red doji pattern called?
successful manipulation of equity markets
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:29 pm
by Al_Dente
“Any price spike that is too high, too fast, is short covering…”
“If it’s too violent and too vertical, it will usually exhaust” [Al Dente]
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:30 pm
by 99er
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:32 pm
by lqiantobe
Corba~ It's hard for me to tell top or consolidation then breakout(upside). E.g. YGE, can you tell is it near the top?
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:34 pm
by jarbo456
SB73 wrote:When it goes up you just have to get on board because it won't take a breather. When it goes down lots of stops are made to allow new entries.
when it goes down, you'll get whipsawed to death. you have all of about 2 minutes to make a decision to cover before the market marches up without looking back.
who cares about timing a buy...buy at any time and it'll go green in a bar or two.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:38 pm
by CognitiveDissonance
I'll be surprised if we go above 1290 spx today. If we close there, I'm going short over the weekend. US closed on Monday but Asia and EU are open.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:38 pm
by BullBear52x
Al_Dente wrote:“Any price spike that is too high, too fast, is short covering…”
“If it’s too violent and too vertical, it will usually exhaust” [Al Dente]
but the SPY can not be exhaust under 5dma, this looks like out of energy to continue, they need to pick a speed and trade above 5dma, because Da bears like what they are seeing, you don't have to go in detail on $NYHL to see that the trend is changing, remember my $NYHL neon light? just eyeball it you can see it clearly, we are now under 5dma a trend is down per my definition of short term trend.
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:39 pm
by Al_Dente
tdo722 wrote:GreedyKojiro wrote:dcurban1 wrote:So who gets the downgrades today in Europe? 3PM is the fun time!!!
I don't know but the S&P has been quiet lately while Fitch already released their updates. Today at close to get the news seems right. Markets need 3 days to digest anyway
...I need a job at S&P to help my sucky sucky trading skills.
TDO:
Have patience young one (For me, Cobra is best teacher for patience)
Today is bad for you? Tomorrow (Tuesday) will be
much better
You’ll get ‘em; you’ll get ‘em good...
PS: I got my face ripped off already today in ZSL…I’ll get ‘em tomorrow too…I'll get 'em good
http://www.youtube.com/watch?v=XsYJyVEU ... re=related
Re: 01/13/2012 Intraday Watering
Posted: Fri Jan 13, 2012 12:42 pm
by Mr. BachNut
Another data point for turn study. In addition to watching levels on McClellan Oscillator, I also watch trends for signs of reversal. Today we have a crossover down on a rising bottoms line. See bottom pane on chart. This is a bearish development. What is missing is that it is not coming from an overbought peak. So, I will look for confirmation (usually a jiggle up followed by a lower low) perhaps next week. You can see how prior trends were drawn on last year's cycles. I have found this type of study to be OK in terms of predictive value working well sometimes but not always buyer beware.