03/27/2012 Intraday Watering

[Cobra]

now I see triangle, so the bias is still up.

[BullBear52x]

well, looks like my feeling is right. nowadays, no indicators work, only chart pattern rules.

I smell new LOD, let see how IWM react here. if failed it will drag everything down with it, not to the sell but lower. me thinks.

[BullBear52x]

IWM must hold a support here or I will have to sell it.

[TraderGirl]

This is a very very interesting comparison regarding the VIX and BKX... the VIX fell through support in '03 around the same time BKX successfully broke out of resistance. The VIX broke thru that same support around the same time BKX broke down through the same trend line it broke out of in '08. In the last two years, BKX has hit that resistance twice at the same time VIX hit a new support line. Now we are there again....

[Jose]

The new official NHL trading signal

http://prntscr.com/7gn5t

[1der]

The action on ES seems so slow to me the past three months that I am wondering if my data feed is accurate or complete. Trades can be 5 to 10 seconds apart here in the middle of the day. Just seems strange given the bid and ask sizes can be 1200/1200 contracts. Is everyone else experiencing the same? I am using IB for feed. Thanks.

[champix]

Really boring day, really boring year...
On CL, I would like to buy at pivot/blue channel @ 106.30 or sell at fork/red channel @ about 108.15... but nothing happens...pffffffffffffff

[uempel]

AAPL is not a short. Don't short anything that make a decisive new high as chances are the high will be revisited at least.

Thanks

Don't quite agree with you Cobra: you and I yes, we don't know if aapl is a short or not, so we have to wait for a non-confirmation of today's high resp. we have to wait for a lower high. But we don't know Mr.(or Ms) dmid, perhaps he/she is an incredibly astute analyst who senses something we don't know...

Three years ago a guy told me that SPX was at its low when it was down at 670. I didn't even listen to him, considered him a jerk and waited patiently for SPX to go down to 630 or some level like that. I woke up when SPX was 20% higher...

[Bombeltrader]

Someone the other day posted this marvelous chart concerning Livermores speculative cycle. I don't remember who. Sorry.
Anyhow, for fun, I fit the chart to AAPL with an interesting result.
I would say the pie is about fully baked...

Livermore Cylinder.png

Stock A.jpg

I like it. Thanks

[BullBear52x]

paging Dr. Al, this is the era I like http://www.youtube.com/watch?feature=en ... 9-x5yFRyoE

[BullBear52x]

If you are a bear God might have heard your prayer

[TraderGirl]

now I see triangle, so the bias is still up.

B waves can trade in a triangle format, looking for possible "C" wave up tomorrow...then we could get a possible correction that lasts to next week...we will see...

VIX looks like trading in a triangle, which have worked out for me in the past.. we will see if target is met....

[OverUnder]

I am not impressed.

That being said, Gold is holding up much better than the broader market during that little move.

[Cobra]

OK, the signals won, my feeling was wrong. key time and lunch time, will be back.

[BullBear52x]

I see the bulls are marching in now, the lead man say so, break time for me too.

[BullBear52x]

XLF nice double top, well, eyeing 15.70 for now.

[uempel]

Bye guys, I'm tired, hungry, thirsty

[Al_Dente]

nyadv 1300
nydec 1500
BIG WUSS could still go either way, until one/other starts to dominate

[viewer]

OK, the signals won, my feeling was wrong. key time and lunch time, will be back.

Cobra,

So the bias is down now?

[TWT]

SPX: EW wise with a completed fiver up it is now reasonable to expect a corrective pullback

How far down ?

The initial projection of a potential DZZ has a target range = 1414-1412, which might be too shallow.

The next target is at the previous wave (4) = 1409