01/19/2012 Intraday Watering

[Petsamo]

There goes 131.50. Someone's stop got taken out. Can we drop now?

[Cobra]

I hope this is a small wedge. overall, no point to fight the trend although I do find it's unbelievable.

[SB73]

I hope this is a small wedge. overall, no point to fight the trend although I do find it's unbelievable.

System is right on the edge of losing SDS are you closing short position?

[jarbo456]

8 handle /ES move from the cash morning low. been the usual minimum for the past month.

[L_T]

Cloud giving POT the beat down.

I miss Dow Trader's Ichimoku charts.

[cougar]

I have got an intraday NYMO reading nicking overbought levels. Also, a close in the e-mini S&P future > 1302.50 would complete a Tom DeMark Sequential Sell Setup (the cash indexes not there yet).

I do not follow the DeMark methodology, but I have been told that a number of mutual funds use it. That said, I was also told that the very next bar has been a bloodbath when selling recently, only further making me think they know every system out there and slam all participants. Why? "BECAUSE IT WAS WRECKABLE"

Hey SW! I asked you a question earlier! Did I miss your answer?

[Al_Dente]

1 min update, nyadv finally hit 2000
The reason why u can’t see any tick moves below the pink neg -600 line is because there haven’t been any yet
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PAGING UEMPEL
Thanks for that great chart w solid resistance, I gotta study it much more.
OFF TOPIC: Two dumb questions I’ve been saving:
I’ve noticed u always track $BPCOMPQ
Do you also monitor bpinfo, bpndx, bpoex…Why? Why not?
Do you have any thoughts on tracking pbspx next to bpoex for “broad vs narrow” comparisons ???
Thx again

http://www.youtube.com/watch?v=M24Yhd7N ... re=related


PAGING RHIGHT
She uses it on daily chart, me too, very similar to yours, just another tweak, just another IMHO that’s all.
PS: I eagerly await any volume crumbs that fall from yr avatar, etc….. thx

[dcurban1]

Looked at the Nasdaq last night while editing.

http://www.atruecontrarian.com/2012/01/ ... -2012.html

[Cobra]

I hope this is a small wedge. overall, no point to fight the trend although I do find it's unbelievable.

System is right on the edge of losing SDS are you closing short position?

not yet.

[jarbo456]

oh hey look at that. intraday R2 is at 80.54...daily 200MA is at 80.56...this SHOULD stop the AUD/JPY rocket.

[Denali92]

I hope this is a small wedge. overall, no point to fight the trend although I do find it's unbelievable.

This just a severe opex squeeze that will revert.... it could be Sep 2011 or Feb 2011 all over again where we squeezed and squeezed and got more and more hourly OB - we will eventually pullback or if it is like those two months - then it will be more than a pullback.... When hourly OB on the Wed, Thurs or Fri of opex, there are ALWAYS pullbacks of some significance - a lot of the time we then bottom on the Monday, but will let you know that on your market outlook comments page.....

Just added my 2nd (of 3) levels of shorts here (the first one was at the close last night....)

Opex week does like to cause pain.....

-D

[EvilTrader]

HELLO ALL

how r you doing ?

hope OK.

Loading truck with SDS now.

Let´s get it on !!

[KENA]

FYI.. The 1320 area has humongeus Res.This is the dn trend line off of May's hi's but also 2007 hi's.If it does break we will go higher.But maybe this may also be the last push..Comments???

[johnnywa]

Crap would rather see dow up 120 we get good earnings AH the will blow up tomorrow up up up

[Cobra]

ChiOsc even higher. interesting. again no point to fight.

[Cobra]

VIX crashed like I said last night. interesting.

[Al_Dente]

PAGING MR BACHNUT
How do you get NYMO intraday? thanks

PAGING SB73
Nyadv nosebleed zone is >2800
She cant even get above 2000 yet…..
Thanks for askin

I believe that NYMO only updates EOD.

EXACTLY. i've been trying to "replicate" it intraday, no luck yet...
so how is he doing it intraday???

[cougar]

I hope this is a small wedge. overall, no point to fight the trend although I do find it's unbelievable.

This just a severe opex squeeze that will revert.... it could be Sep 2011 or Feb 2011 all over again where we squeezed and squeezed and got more and more hourly OB - we will eventually pullback or if it is like those two months - then it will be more than a pullback.... When hourly OB on the Wed, Thurs or Fri of opex, there are ALWAYS pullbacks of some significance - a lot of the time we then bottom on the Monday, but will let you know that on your market outlook comments page.....

Just added my 2nd (of 3) levels of shorts here (the first one was at the close last night....)

Opex week does like to cause pain.....

-D

Hello Denali! Good to know your view! Interesting!
What do you do with TLT dropping like a stone and TBT and TMV taking off? Is that a very short lived move or good for a long swing?
Thanx!

[SB73]

I hope this is a small wedge. overall, no point to fight the trend although I do find it's unbelievable.

This just a severe opex squeeze that will revert.... it could be Sep 2011 or Feb 2011 all over again where we squeezed and squeezed and got more and more hourly OB - we will eventually pullback or if it is like those two months - then it will be more than a pullback.... When hourly OB on the Wed, Thurs or Fri of opex, there are ALWAYS pullbacks of some significance - a lot of the time we then bottom on the Monday, but will let you know that on your market outlook comments page.....

Just added my 2nd (of 3) levels of shorts here (the first one was at the close last night....)

Opex week does like to cause pain.....

-D

Denali

I have always appreciated your perspective. Where would the 3rd entry occur and where would you stop the bleeding?

[joeynickels]

Dr. Al, I believe, has some special friends that pay attention when $NYLOW gets above 40 and it was above 50 yesterday and again today which might be signal that a pullback will be forthcoming.