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Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:35 pm
by TraderGirl
snakehead wrote:I am re-posting this, because I signed up rather late in the afternoon yesterday:
Hi all.
New to the board. Here is what my 'crackpot' plan is for the immediate future.
I have been experimenting with the idea of astrological trading (i know iknow ...
)
I am planning to get back into the market (I sold last Thursday at the Quarter Moon) this Thursday
which is the Full Moon. Then I plan to sell on the close of the 22nd (right before the new moon).
Then I plan to be super-cautious and possibly stay out of the market for the rest of the year (as Jupiter
leaves its Taurus position), getting back in sometime around August of 2014. (However, if I see really good
technicals next month, like a good breakout over Dow 13,000, I may get back in for a couple more months ...)
Feel free to laugh and poke fun at me !!
BTW, congrats to all who predicted the big bounce today, especially TraderGirl, who, I noticed, pointed out the huge p-bars on SPY after hours yesterday!
I still hold my view that the last hurrah will take place between the full moon this Thursday and the next new moon two weeks later. (Of course PPT will try their best to keep the market propped up -- especially, if, as I suspect [not to mix in politiccs but] TPTB want O for another term.)
I have been following this board for a while and I have to confess that I was one of those bears who got badly burned in October.
Nice to be on board finally.
Thanks snake, I started following astro's when I lost a bunch of money as well....learned that a few financial astrologers had called a top at that time, and had I known about it, I would not have been down so much. So I started following so that I wouldn't' get caught in the same situation. Tomorrow is a turn date, so although I had thought we would get a positive day tomorrow, I am not quite sure about that now, so if we are down, look to Friday as a possible turn date as well...
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:36 pm
by Cobra
I'm neutral, so nothing to say here.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:40 pm
by soku
today is so boring. except the 11:00 rally which i missed, there is nothing to do. i guess it is not uncommon for a day after mdd. hope market will be more tradeable soon.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:41 pm
by Mr. BachNut
Still short. To soon to judge if sell-off was one day affair. Nothing else to say.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:41 pm
by TWT
ES GLOBEX: It could be wedging
(thewavetrading.com)
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:45 pm
by Harapa
Harapa wrote:My small cap momentum model triggered sell EOD yesterday (I have entered estimated close price for my proxy). I will exit TNA long EOD today. Estimated profit on this trade 17%. I posted the details of this model in weekend watering a couple of weeks ago.
Happy Trading
Pposition closed 17.3% gain confirmed.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:45 pm
by SB73
SB73 wrote:Senor Cobra,
Does this qualify as a MAD after MDD? I know what happens after that.
Senor Laoda?
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:47 pm
by btran874
We're not home yet bulls, 1355 is very important and we have to break it decisively. I would prefer 1358 to be considered decisively.
Vix Buy Signal
Posted: Wed Mar 07, 2012 4:47 pm
by Just Trading
Can someone please comment on whether the Vix just gave an equities buy signal by going back under the the bollinger band....thanks much!!
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:48 pm
by stucap
Cobra---
Close at highs bearish? or just yet another bullish signal?
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:51 pm
by TraderGirl
btran874 wrote:We're not home yet bulls, 1355 is very important and we have to break it decisively. I would prefer 1358 to be considered decisively.
You are right btran, 1355 is very long term resistance/support zone...this could be the pullback point...IMHO
We will need conviction to break thru....
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:53 pm
by TWT
SPX: Instead of an ED maybe it is a triangle
(thewavetrading)
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:53 pm
by Cobra
a little bit bigger picture, it's testing the resistance, not a good looking hourly bar if we close right here.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:54 pm
by btran874
TraderGirl wrote:btran874 wrote:We're not home yet bulls, 1355 is very important and we have to break it decisively. I would prefer 1358 to be considered decisively.
You are right btran, 1355 is very long term resistance/support zone...this could be the pullback point...IMHO
We will need conviction to break thru....
Yes if they hit the sell button for wave 5 down to complete yesterday's drop, this is the place.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:58 pm
by 3DM
thanks for the replies, im glad that bit about the solar storm is of interest.
i was also thinking i'd post about the latest copper charts.
yesterday the daily fell to hit support at the 50 day line. so i didnt see much chance of further down on copper without broad pullback or news event. i was this close to grabbing some copper/moly this morning but chickened out.
from todays open, i could see 17% upside to the 50 day line on CUM.TO.
also from todays open, 15% upside to the 50 day on ML.TO. its attractive at 1.50.
looking at the weekly copper chart, does anyone see a bull flag. its high time investors cycled into copper given the rally to date.
http://stockcharts.com/h-sc/ui?s=$copper
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:59 pm
by Cobra
well, guess that's it for today. I need dig a little before blah blah for tomorrow. Thank you guys, I'll see you tomorrow.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:59 pm
by Harapa
Closed EDC/TNA from EOD yesterday for a 3.0% & 2.9% gain respectively. Good for one month expenses. Happy trading.
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 4:59 pm
by Jack
Cobra wrote:a little bit bigger picture, it's testing the resistance, not a good looking hourly bar if we close right here.
Cobra,
Not a good looking bar for who? Bulls or Bears?
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 5:00 pm
by BullBear52x
BenAndLloyd wrote:BB,
Are you saying long or short TNA? Thanks
Yes,
Re: 03/07/2012 Intraday Watering
Posted: Wed Mar 07, 2012 5:00 pm
by Petsamo
1.01 million last sell on SPY