02/29/2012 Intraday Watering

[uempel]

Update:

[uempel]

I have been preaching about the thrust up to the upper bollinger band which is currently at SPY 138.38 and SPX 1379.90.

Tks, I like 1380.

[L_T]

$CPC keeps working it's way lower. This is EOD yesterday. Just something to keep an eye on.

[btran874]

ECB liquidity, Mom&Pop coming in after seeing Dow 13K, Good GDP. Minimum target 1400 for good short.

[KENA]

Read an article last night.."hft's are 60% of trading" Not much left.

Have you a link, or do you know what the number was with algos tossed in? 60% seems like a slow day from what I've been reading. 70%+ seems to be the norm.

It was on Clusterstock last night.

[uempel]

Blow-up of the chart showing the 1380 resistance.

[Al_Dente]

SPX: Follow up of the ED option with a DZZ in progress for the wave (V)
If the DZZ is ok we are now in the final impulsive wave (Y)
(thewavetrading.con)

TWT
i've always wanted to ask you: what is DZZ ?
thanks advance

[Petsamo]

sold my F @ 12.50, right on time too

[jimme]

SPX: Follow up of the ED option with a DZZ in progress for the wave (V)

If the DZZ is ok we are now in the final impulsive wave (Y)

(thewavetrading.con)

Do you watch GLL? I use it for my option gold shorts. /DX is taking off right now. Good luck and thanks. GLTA jimme

[BigChief]

I have been waiting for a day like this for a while, up hard in the morning and hit the Fib number to possssssiiiibbblly make a top?

[btran874]

SPX: Follow up of the ED option with a DZZ in progress for the wave (V)
If the DZZ is ok we are now in the final impulsive wave (Y)
(thewavetrading.con)

TWT
i've always wanted to ask you: what is DZZ ?
thanks advance

double zig zag

[TWT]

NDX: Watching this impulsve up leg

(thewavetrading.com)

[SWalsh]

Algo news spike on Chicago Purchasing managers release, now being reversed.

http://chart.ly/iep425q

I wonder if they are releasing all those Technical Analysis analysts on Wall Street as they are useless now. Only fundamental BS is what can now be stated.

[torus]

is that a reversal bar on the 5min SPY according to Brooks, or is there too much overlap with the earlier bars?

[nonabear]

2 day decline in store right here, then new marginal highs, the a bigger correction.

The NASDAQ hit 3000, hasn't been hit in over 10 years...we aren't blowing through that number on the first try.

[Al_Dente]

1min
Something just happened (?)
Nyadv was >2000 (“bull trend” day) and is now 1900 ish (not quite a bull trend day)
BOTS ARE ACTIVE (volume)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[stevej]

there are no good shorts, and no good longs; trading is now simply gambling. TA is broken. Markets move by manipulation of logorithms; we do not know when they will decide to sell or buy. This is dangerous; it is just as bad if you are lucky enough to trade with them as not, because a game without real rules is only a game to those setting up the board. Look at the move in the last two min; who got out with a profit??

[KENA]

SWALSH..HFT article still on Clusterstock..Skroll dn 2-3 pages to 17 hrs ago and it is there.

[Cobra]

the push up was strong, so hardly is 1 legged. This pullback will be bought.

[taggard]

just wondering

1. will the good news from euro zone get sold?
2. on qqq 8 or 8+ weeks up using stockcharts data (since everyone seems to have access to it here) the first down week was equal to or higher than the last up week in all cases--if this week ends up maybe we should expect next week to at least duplicate the high. (this would be week 9 up and we have only one example longer which was 11 weeks up in 1999).
3. qqq 50% fib of the entire decline from 2000 AND a range flip on a weekly chart--is ball park same area call it +/- 70
4. qqq has slowed down or dipped at each fib (of the entire decline so far)
5. maybe they just sell it but ideally some sort of starting event (eg jobs or something after 1st for a stronger move.
6. aapl is introducing new pad in march and new phone in july

longer term--everyone discounting intc attempt to get into phones--reasonable given intc history in getting into things other than cpus. But also very assumptive. intc says they will blow off more's law (exceed it) over the next 2-3 gen phone chips. that is what is referred to as a clue. interesting data shows in areas economy is bad aapl loses market share to droid. if global econ problems in 2013/2014--intc influenced dropping phone prices could be interesting. also interesting will be next gen pads from amazon etc. why care? because odds are at the top aapl will give up leadership of the market--they are doing great now--and there is no rush to assume some sort of hideous end in the near future--but watching the situation will likely provide clues.

wilde card--intc is regarded as boring--but any decent link to phones or pads could change this image to some degree. aside from server sales that of course are liked to total installed base of internet--it's all about image. again not really touting anything here--just looking out a few years and thinking a bit.

most interesting development is india coming up with 20 bux (plus minus) "smart phone" (using off shelf stuff including droid) this sort of thing changes the whole planet if and when it plays out.

good luck all