12/22/2011 Intraday Watering

Petsamo · Post by **Petsamo** » Thu Dec 22, 2011 2:36 pm

waverider wrote:
Petsamo wrote:Obama is speaking. You guys think he'll tank these markets?
Well the market didn't like the fact that he became president in 2008 lol. The $RUT is looking weak relative to $SPX

IWM has not made a new high (yet). SPY, the banks, XME, are rallying. I dunno what's going on. My KOL (coal) is doing well ...

Nomorework · Post by **Nomorework** » Thu Dec 22, 2011 2:37 pm

BullBear52x wrote:look at /ES of this run up, always sell double top. yeap always, if it doesn't play out your ways you will know it right away

Trying to understand but maybe I'm just dense. Can you provide further insight?

stlwater · Post by **stlwater** » Thu Dec 22, 2011 2:37 pm

BullBear52x wrote:I am shorting FAS just for the record.

Although I think this market is FUBAR... FAS is looking to give the mother of all bullish trend start signals today... cross above and close over the 50 and 100dmas on the same day with macd just coming out of negative.. volume at support areas also in-line..

Dangerous time.

BullBear52x · Post by **BullBear52x** » Thu Dec 22, 2011 2:40 pm

stlwater wrote:
BullBear52x wrote:I am shorting FAS just for the record.
Although I think this market is FUBAR... FAS is looking to give the mother of all bullish trend start signals today... cross above and close over the 50 and 100dmas on the same day with macd just coming out of negative.. volume at support areas also in-line..

Dangerous time.

you buy here or sell here if you have to do one of the two?

Richarab · Post by **Richarab** » Thu Dec 22, 2011 2:40 pm

BullTart wrote:I think today is the first time in a while that the VIX crush seems to be ending... VIX not crumpling as much as it had been, given a 10 handle rise in the SPX.

Puts more credence that a tradeable VIX bottom may be setting up after a serious crush in Dec.

Very serious dec. crush

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I am here: http://maps.google.com/maps?ll=22.054104,-159.326509

BullBear52x · Post by **BullBear52x** » Thu Dec 22, 2011 2:41 pm

Nomorework wrote:
BullBear52x wrote:look at /ES of this run up, always sell double top. yeap always, if it doesn't play out your ways you will know it right away
Trying to understand but maybe I'm just dense. Can you provide further insight?

selling double top got high success rate, high probabilities, just TA none sense.

quatzl · Post by **quatzl** » Thu Dec 22, 2011 2:42 pm

I think I've had more fun at the dentist than watching today's market.

Xian · Post by **Xian** » Thu Dec 22, 2011 2:43 pm

Petsamo wrote:Obama is speaking. You guys think he'll tank these markets?

He spoke on Tuesday. Markets up +3%.

silicon_beaver · Post by **silicon_beaver** » Thu Dec 22, 2011 2:44 pm

Ironically, breaking up 200MA is a sign of market pull-back.
In recent months, this rules.

Al_Dente · Post by **Al_Dente** » Thu Dec 22, 2011 2:44 pm

BullBear52x wrote:
Nomorework wrote:
BullBear52x wrote:look at /ES of this run up, always sell double top. yeap always, if it doesn't play out your ways you will know it right away
Trying to understand but maybe I'm just dense. Can you provide further insight?
selling double top got high success rate, high probabilities, just TA none sense.

Baron when ES double tops and spy won’t double top till……126 ish??
You always choose ES double top signal??
It always leads??

http://www.youtube.com/watch?v=cMrFht6r ... re=related

Xian · Post by **Xian** » Thu Dec 22, 2011 2:45 pm

waverider wrote:
Petsamo wrote:Obama is speaking. You guys think he'll tank these markets?
Well the market didn't like the fact that he became president in 2008 lol. The $RUT is looking weak relative to $SPX

LOL! I know, right? Market up only 85% since he became POTUS! I The markets clearly liked Bush better. Negative return over 8 years! GOD, I miss him!

Richarab · Post by **Richarab** » Thu Dec 22, 2011 2:45 pm

cougar wrote:Apparently there is a new toy on Wolves’ Street. It is part of the well established family of DAD algos (detect and destroy). This one is called ROC “reverse on confirmation”. It is based on the fact that many “gurus” tell their herds that, if they get a buy signal, they should first wait and buy only on “confirmation”, i.e. when the price reaches and passes some other technically critical level. Now… if that set up is obvious, it might be a “pseudo set-up” or a trap.
So far, so good… nothing new!
But here comes the perverted touch of the Winter of 2011: the set up is “ab initio” a farce. The more popular the formation and the more widely talked about on the internet, the better. Even further: if some retailers are too dumb to notice a “text book head and shoulders“…Da Boys have some moles inserted here and there who will tell the herd : ”Look at H&S! But I don’t buy it yet! Let’s wait for confirmation!” What a nice guy! …And the gullible retailers wait until…guess what?…Da Mole says: “I went long $100,000, 1 minute ago“…The equity goes up for another 1 -2 min… and then disaster strikes…so fast that our poor friend has no chance to get out before he gets smashed…

sounds like Rudy the penny pumper...

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I am here: http://maps.google.com/maps?ll=22.054022,-159.326144

BullBear52x · Post by **BullBear52x** » Thu Dec 22, 2011 2:47 pm

Al_Dente wrote:
BullBear52x wrote:
Nomorework wrote:
BullBear52x wrote:look at /ES of this run up, always sell double top. yeap always, if it doesn't play out your ways you will know it right away
Trying to understand but maybe I'm just dense. Can you provide further insight?
selling double top got high success rate, high probabilities, just TA none sense.
Baron when ES double tops and spy won’t double top till……126 ish??
You always choose ES double top signal??
It always leads??

http://www.youtube.com/watch?v=cMrFht6r ... re=related

More time then not I still beleive /ES leads. this is totally counter trend I hope people understand it's not just one sign, many signs....many Neg D if you look closely on intraday.

Post by **Cobra** » Thu Dec 22, 2011 2:47 pm

very minor 3 push up, so might be small pullback or consolidation here. nothing else to say, again it's holiday market, most traders have left already I guess.

cougar · Post by **cougar** » Thu Dec 22, 2011 2:48 pm

Who is Rudy?

99er · Post by **99er** » Thu Dec 22, 2011 2:49 pm

Attention All Skiers

SPX http://99ercharts.blogspot.com/2011/12/spx_1033.html

uempel · Post by **uempel** » Thu Dec 22, 2011 2:50 pm

Do you guys think SPX will bust this trendline a few hours before the xmas holiday? - well, I opened up a short now.

Al_Dente · Post by **Al_Dente** » Thu Dec 22, 2011 2:52 pm

BullBear52x wrote:
Al_Dente wrote:
BullBear52x wrote:
Nomorework wrote:
BullBear52x wrote:look at /ES of this run up, always sell double top. yeap always, if it doesn't play out your ways you will know it right away
Trying to understand but maybe I'm just dense. Can you provide further insight?
selling double top got high success rate, high probabilities, just TA none sense.
Baron when ES double tops and spy won’t double top till……126 ish??...You always choose ES double top signal??...It always leads??
http://www.youtube.com/watch?v=cMrFht6r ... re=related
More time then not I still beleive /ES leads. this is totally counter trend I hope people understand it's not just one sign, many signs....many Neg D if you look closely on intraday.

TNX just double topped too, and i see the neg diverg on 1min RSI, but u know how that neg d RSI can sometimes take hours to kick in....

cougar · Post by **cougar** » Thu Dec 22, 2011 2:52 pm

99er wrote:Attention All Skiers

SPX http://99ercharts.blogspot.com/2011/12/spx_1033.html

Avalanche coming?!

BullBear52x · Post by **BullBear52x** » Thu Dec 22, 2011 2:54 pm

BullBear52x wrote:look at /ES of this run up, always sell double top. yeap always, if it doesn't play out your ways you will know it right away

Trying to understand but maybe I'm just dense. Can you provide further insight?

[/quote]selling double top got high success rate, high probabilities, just TA none sense.

[/quote]
Baron when ES double tops and spy won’t double top till……126 ish??...You always choose ES double top signal??...It always leads??
http://www.youtube.com/watch?v=cMrFht6r ... re=related[/quote]
More time then not I still beleive /ES leads. this is totally counter trend I hope people understand it's not just one sign, many signs....many Neg D if you look closely on intraday.[/quote]
TNX just double topped too, and i see the neg diverg on 1min RSI, but u know how that neg d RSI can sometimes take hours to kick in....[/quote]

Yes, timing is everything, I wish I know.

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