02/16/2012 Intraday Watering

[TWT]

SPX:
Triangle idea killed
maybe ED option plays out

(thewavetrading.com)

[waverider]

The DOW hasn't broken last Thursdays high

DOW theory is bearish, see UTIL and TRAN, I think we need to look into this more on the weekend.

yeah, it will be interesting to see how this unfolds, /ES still hasn't broken yesterdays high either, and AUD/JPY looks like a potential blow-off at TL resistance

[soku]

are we 1361 yet? anyway i short with spx 1361 as my stop

[BullBear52x]

guys, don't fight, this bull hasn't touched the EMA20 for more than 2 hours, strong, so the very first pullback to EMA20 is buy.

We saw the signal yesterday and the BPs did not look weak last night. My only concern now is momentum, which is clearly deteriorating.

As to my participation here - I cannot join you guys yet as the new house we are moving into is not yet "operational". I'm busy with mundane tasks such as buying a new fridge and checking on the guys who are doing the paintwork (by the way, they are doing a great job). So I can't focus on the market, I just look at the screen from time to time... I guess things will be ok end of February

PS: just to make everybody envious - we'll have fiberoptics in the new house

Talk about speed up? I got my new up to 20Mbps coming Monday, from 11Mbps. got to get new computer to keep up with this type of speed LOL....

[tigerwang9999]

Cobra, is this a double top today? ES has been 6 hours up. you said if you have continuous 6 hour up, there should be pull back, right?

[Cobra]

guys, don't fight, this bull hasn't touched the EMA20 for more than 2 hours, strong, so the very first pullback to EMA20 is buy.

We saw the signal yesterday and the BPs did not look weak last night. My only concern now is momentum, which is clearly deteriorating.

As to my participation here - I cannot join you guys yet as the new house we are moving into is not yet "operational". I'm busy with mundane tasks such as buying a new fridge and checking on the guys who are doing the paintwork (by the way, they are doing a great job). So I can't focus on the market, I just look at the screen from time to time... I guess things will be ok end of February

PS: just to make everybody envious - we'll have fiberoptics in the new house

take your time and congratulations on your new house.

PS: We're not envious because the fiberoptics at home means your office is also your home, so the server could be very noisy, well, good luck with that.

[BigTurtle3]

Cobra,

Is this a major accumulation day after a major distro day or did yesterday not count as distribution?

Thanks

Turtle -

[Cobra]

Cobra, is this a double top today? ES has been 6 hours up. you said if you have continuous 6 hour up, there should be pull back, right?

double top or not, we'll have to wait. Yes, 6 green hourly bars could mean pullback. don't forget "could" as nowadays any bearish sign simply doesn't work.

[Cobra]

Cobra,

Is this a major accumulation day after a major distro day or did yesterday not count as distribution?

Thanks

Turtle -

No.

And welcome aboard!

[Al_Dente]

TVIX chomp chomp time is here... 2500 @ 18 to see how good this meal is.

preciate that chief
I’ll be right behind u…..little bit later
Got a killer TVIX chart for yr fans today?

[Cobra]

consolidation. so far not bad for bulls.

[BullBear52x]

OK intraday bears, this is your last chance for today lets do it. need no scratch.

[BigTurtle3]

Cobra,

Is this a major accumulation day after a major distro day or did yesterday not count as distribution?

Thanks

Turtle -

No.

And welcome aboard!

Been a fan for years - just never had a question to ask until today ...

HA!

Turtle -

[waverider]

TVIX tries to go up as $VIX continues down, lol... It's getting a bit enthusiastic relative to $VIX if you compare a two week time frame

[Cobra]

Cobra,

Is this a major accumulation day after a major distro day or did yesterday not count as distribution?

Thanks

Turtle -

No.

And welcome aboard!

Been a fan for years - just never had a question to ask until today ...

HA!

Turtle -

Thanks.

[TraderGirl]

SPX:
Triangle idea killed
maybe ED option plays out

could we be at the end of an a wave, tomorrow wave b, and then next week wave c of wave 5??

(thewavetrading.com)

[Al_Dente]

SPY
Fairly accurate to call her a “broad”
She’s so broad her squeezes sometimes misleading or difficult to interpret
Today SPY good examp for fridge
Slow and steady broad, likes the "soft" sqz
Just now violating her [edit: scalper] MAs

[soku]

1440.24, high of 5/19/2008
1370.58, high of 5/2/11
1356.48, high of 7/7/11


add:
1576.09, high of 10/11/2007
1523.57, high of 12/11/2007

[Tabby]

Cobra,

Is this a major accumulation day after a major distro day or did yesterday not count as distribution?

Thanks

Turtle -

No.

And welcome aboard!

I like your answer and your greeting.

[Cobra]

consolidation then breakout, I don't see anything wrong with bulls here.