01/19/2012 Intraday Watering

[TraderGirl]

Bot some TVIX....

[Cobra]

not looking bad for bulls. lunch time, will be back.

[SWalsh]

INTC : a large Ending Diagonal ?

I see the first B wave as being where the move ended, but it really doesn't change things that much.

On SPY I see this an an ending diagonal (W-X-Y). To me, using EW, going up and breaking that June/July high is not possible. Whether this is 3 of the assumed diagonal, or 5 is the question I have.

What you have there used to be EXTREMELY reliable with something as simple as an RSI and an MACD for divergences. That's just no longer the case due to computers.

[jarbo456]

no let down. getting yet another intraday hi on the /ES

[noob]

dashed line is the wedge target. I don't believe this target yet. Any pullback that is not sharp is not bear attack.

Hi Cobra, do you still see any edge for the evil plan? This market is really stretching it. I think even bulls have sold and waiting for pb. Skynet must be running in overdrive.

let's see how market closes today first.

Hi Cobra, any update on your very very reliable overbought indicators? Thanks

[Al_Dente]

5 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

Thaks mr Bachnut, I just new u had some secret program/platform/thingie for NYMO intraday, please keep us posted.

Swalsh I don’t know Alex Jones, throw me a bone and give me a short “who is he/what is he saying” as I don’t have time to look him up.
However, I was familiar with yr passing reference yest to SSRI, I didn’t have to look that one up (friend of a friend etc).

Taggard thanks for nymo proxy info, I’m going to try it on auto, daily. Please send excel through “private message” function on this board.
I APPRECIATE yr kind offer to share…

[cougar]

My oil trade is based on the idea that the political busting of the Canadian pipeline should be beneficial for the “fracing” US industry. Its most esteemed representative is CRR (Carbo Ceramics) for which I got a nice BUY signal (see chart). Interestingly…when oil started to drop, CRR had only a minor correction…However, I sold covered calls…probably prematurely.
I am now considering going long SCO…but this one is quite illiquid…

[ukarlewitz]

Cobra
$NATV:$NYTV spiking today according to your chart book
Uk

[TWT]

INTC : a large Ending Diagonal ?

TWT, I got a question I want to ask you.

1st wave=3rd wave is at 1315
61.8% 1st wave=3rdwave is at 1310

These numbers seem okay to you?

1 x 1 is around 1315. If it is the wave (III) of an ED then it should not extend substantially higher otherwise this scenario will be killed

[Mr. BachNut]

Pilot Short is dead by STOP. RIP.

Probably means top is today...

[HappyFriday]

Bot some TVIX....

Hard to believe VIX index under 20. Everyone is long, and all shorts got killed for a week. So, who are the buyers to be brave enough to buy in this market ? 3 Million dollars question !!

[TWT]

Since I don't know squat about elliot wave or at least enough to ever produce any semblance of a count here is a question. If this is Wave III why so many divergences? I thought Wave V established the divergences.

Paging TWT...please help me on this one.

The negative divergence of the daily RSI has been erased, therefore I assume that we are still missing the final wave .....

We do have negative divergences on short term breadth indicators like the McClellan oscillator which are warning of waning upside buying pressure, this why a potential pause is due

[TraderGirl]

INTC : a large Ending Diagonal ?

TWT, I got a question I want to ask you.

1st wave=3rd wave is at 1315
61.8% 1st wave=3rdwave is at 1310

These numbers seem okay to you?

1 x 1 is around 1315. If it is the wave (III) of an ED then it should not extend substantially higher otherwise this scenario will be killed

TWT, have you had any experience or knowledge of the VIX making it's low/high on the 3rd wave...??? Read that somewhere, just wanted to ask you...

[KENA]

Bot some TVIX....

Hard to believe VIX index under 20. Everyone is long, and all shorts got killed for a week. So, who are the buyers to be brave enough to buy in this market ? 3 Million dollars question !!

All the retail and dip buyers.

[Cobra]

key time. most likely we'll see the breakout on the upside.

[Rocket_Man88]

[quote="Al_Dente"]PAGING MR BACHNUT
How do you get NYMO intraday? thanks

You can get a very close approximation of what NYMO is doing intraday with the 19,39,1 MACD on the $NYAD. So far today a small point change to the upside.

[taggard]

paging al--in a hurry right now and have no clue as to how to send files though pm so will try to get to it

[TraderGirl]

Whatever happened to the saying you should be "greedy when everyone is fearful, and fearful when everyone is greedy"??

[Cobra]

Cobra
$NATV:$NYTV spiking today according to your chart book
Uk

Yes, but intraday doesn't count. Let's wait till close.

[TWT]

INTC : a large Ending Diagonal ?

I see the first B wave as being where the move ended, but it really doesn't change things that much.

On SPY I see this an an ending diagonal (W-X-Y). To me, using EW, going up and breaking that June/July high is not possible. Whether this is 3 of the assumed diagonal, or 5 is the question I have.

What you have there used to be EXTREMELY reliable with something as simple as an RSI and an MACD for divergences. That's just no longer the case due to computers.

In my opinion SPX is involved in a large corrective pattern that began at the summer highs. To make it simple we could have a wave (A) at the October 4 low and now a wave (B) in progress.
The wave B can challenge last year highs if the trend line off the 2007 top is breached