03/27/2012 Intraday Watering

[Al_Dente]

Weak nyadv 1300, nydec 1300 (50/50 = choppy range day)
TRIN is barely bull
Bots selling on Richmond Fed bad mfg numbers

[dmid]

Signal at noon suggests a strong move...

1.png

Thank you very much, very helpful for timing, atleast i will be watching closely during the times you mention.

If your time permits, can you do a chart for AAPL intermediate term outlook? Thanks

[BullBear52x]

we might even get swing sell signal today, not just day trade, I was worry about big gap up. so now more and more at best bears will be slow cooked not toasted.

[uempel]

Weak nyadv 1300, nydec 1300 (50/50 = choppy range day)
TRIN is barely bull
Bots selling on Richmond Fed bad mfg numbers

327one.png

Al, can you post the link to this chart? - I collect all and try to pick the best... Thanks.

[TWT]

SPX: A few thoughts in the 15 min chart below

[Cobra]

consolidate here is good for bulls. bears need actions.

[Al_Dente]

Weak nyadv 1300, nydec 1300 (50/50 = choppy range day)
TRIN is barely bull
Bots selling on Richmond Fed bad mfg numbers

327one.png

Al, can you post the link to this chart? - I collect all and try to pick the best... Thanks.

http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
PS: i saw the "oldie but goody" one min internals u posted yest, and I borrowed it back !!!
appreciate u posting updates on what u see as "best" thx
GL2U

[CH37]

I think yesterday high data of ISEE, probably due to huge calls volume on MU.

[uempel]

Signal at noon suggests a strong move...

1.png

Thank you very much, very helpful for timing, atleast i will be watching closely during the times you mention.

If your time permits, can you do a chart for AAPL intermediate term outlook? Thanks

No, can't help you with aapl. I don't understand the stock technically. Suggest you play around with fibs.

A few months ago I went short from 414 down to 360ish, bought back half the position at that level, but the second half was squeezed up to the stoploss.

aapl looks overbought but it keeps on zooming up. Someday it's going to crash down - after topping 700? 1000?

[BullBear52x]

I think yesterday high data of ISEE, probably due to huge calls volume on MU.

What's the news on MU they lost like 200mil, I thought they are going to 7.7ish, now almost bullish cross

[Cobra]

could be double top here. I'm not sure any bearish pattern anymore.

[uempel]

Weak nyadv 1300, nydec 1300 (50/50 = choppy range day)
TRIN is barely bull
Bots selling on Richmond Fed bad mfg numbers

327one.png

Al, can you post the link to this chart? - I collect all and try to pick the best... Thanks.

http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
PS: i saw the "oldie but goody" one min internals u posted yest, and I borrowed it back !!!
appreciate u posting updates on what u see as "best" thx
GL2U

Thanks Al, thought you were enjoying a long weekend yesterday: skiing in Colorado? Scuba-diving in Belize? Playing the casino in Monte Carlo?

[TraderGirl]

SPX: A few thoughts in the 15 min chart below

How would the chart be labeled with one more leg up? Can wave 5 be in an abc format? Looks like we may go higher tomorrow, looking for a turn on Thurs, and we still have 1425 as the triangle target....

Vixies look they are anticipating an upcoming move perhaps....

[TWT]

VIX: We finally have a potential pattern that needs to be monitored

[taggard]

I did some researsh on the 3 peaks and domed house..The best I could find is we are now between 22 and 23..Dn to 24 will not happen until mid April.Point 26 will not happen until Oct.area.Things change so just watch the progress.

george1.png

A ta person i have followed for 12 years actually has george lindsays notes (given to her by the guy she learned from) it seems there are over 100 pages of notes this guy made on this pattern--including 27 pages of notes on "counts from the middle section". I think this overall makes the pattern less trustworthy. anything too complex is hard to use trading. never the less--a key idea is there is a set time for the move up from either 10 or 14 depending on which count you use. (yeah he had alternate counts) the period of time is 7 months 10 days (all days are counted not just trading days) which puts the key top in may (best case) to july worst case. given the complex nature of the pattern (along with the absurd detail in the notes) most likely the best way to use the pattern is more of a general idea and with the widest timing.

(a general idea means look at each move and consider the psych at that time--as opposed to be being 100% focused on the exact visual image of the pattern. all patterns are actually made up of market trading and psych--and as al brooks notes--"if it looks like a pattern (even if it is not exact) it will likely act like a pattern".)

what i don't see is on spx why we have to be between your 22-23 as we have only a shallow pull back to the daily 20 ema. you could be right of course--i would just consider the timed move from 10 to 14 which of course were the lows in 2011.

finally the most useful part of the pattern to people on this site might be the shape of the top (so 21 to 25) if you pull up a monthly and look at the last two tops this is a very different idea. the psych behind the proposed domed top is clearly an explosive move (after a failed pullback). the most logical place for such a move would be close to the old high of 2007. Any breach to the upside would force epic short covering (as many traders will lean short at such a major event) and this would create a short term move of say 50-150 spx points. That in turn could force a move over the last high (and ideally 1600) pulling in everyone with the idea a clear new bull market was in place.

and that of course would finally be the last move of this advance (about 6-12 months after many thought the move would happen). the timing is interesting in terms of the election (eg election could be factored 6 months prior to event and start having effect) and the ECRI recession call (for ball park may-aug of this year) since they have a very good record in general.

only my opinion but (1) would not fixate too much on the exact shape other than the major psych behind the pattern. (2) am not convinced that we are 22-23 but certainly cannot prove we are not. (3) if we get a forced move up around (just at just under or just over) the 2007 high--that is going to be interesting--esp if we get a fast breakdown rather than the typical 6-12 month top formation.

Bonus--readers may want to pull up an dow chart of 1964 to 1984ish and consider the pattern in that light just for "fun".

[Al_Dente]

Weak nyadv 1300, nydec 1300 (50/50 = choppy range day)...TRIN is barely bull...Bots selling on Richmond Fed bad mfg numbers...

Al, can you post the link to this chart? - I collect all and try to pick the best... Thanks.

...PS: i saw the "oldie but goody" one min internals u posted yest, and I borrowed it back !!!...appreciate u posting updates on what u see as "best" thx

Thanks Al, thought you were enjoying a long weekend yesterday: skiing in Colorado? Scuba-diving in Belize? Playing the casino in Monte Carlo?

Yup

[dmid]

Signal at noon suggests a strong move...

1.png

Thank you very much, very helpful for timing, atleast i will be watching closely during the times you mention.

If your time permits, can you do a chart for AAPL intermediate term outlook? Thanks

No, can't help you with aapl. I don't understand the stock technically. Suggest you play around with fibs.

A few months ago I went short from 414 down to 360ish, bought back half the position at that level, but the second half was squeezed up to the stoploss.

aapl looks overbought but it keeps on zooming up. Someday it's going to crash down - after topping 700? 1000?

Thanks

[KENA]

I did some researsh on the 3 peaks and domed house..The best I could find is we are now between 22 and 23..Dn to 24 will not happen until mid April.Point 26 will not happen until Oct.area.Things change so just watch the progress.

george1.png

A ta person i have followed for 12 years actually has george lindsays notes (given to her by the guy she learned from) it seems there are over 100 pages of notes this guy made on this pattern--including 27 pages of notes on "counts from the middle section". I think this overall makes the pattern less trustworthy. anything too complex is hard to use trading. never the less--a key idea is there is a set time for the move up from either 10 or 14 depending on which count you use. (yeah he had alternate counts) the period of time is 7 months 10 days (all days are counted not just trading days) which puts the key top in may (best case) to july worst case. given the complex nature of the pattern (along with the absurd detail in the notes) most likely the best way to use the pattern is more of a general idea and with the widest timing.

(a general idea means look at each move and consider the psych at that time--as opposed to be being 100% focused on the exact visual image of the pattern. all patterns are actually made up of market trading and psych--and as al brooks notes--"if it looks like a pattern (even if it is not exact) it will likely act like a pattern".)

what i don't see is on spx why we have to be between your 22-23 as we have only a shallow pull back to the daily 20 ema. you could be right of course--i would just consider the timed move from 10 to 14 which of course were the lows in 2011.

finally the most useful part of the pattern to people on this site might be the shape of the top (so 21 to 25) if you pull up a monthly and look at the last two tops this is a very different idea. the psych behind the proposed domed top is clearly an explosive move (after a failed pullback). the most logical place for such a move would be close to the old high of 2007. Any breach to the upside would force epic short covering (as many traders will lean short at such a major event) and this would create a short term move of say 50-150 spx points. That in turn could force a move over the last high (and ideally 1600) pulling in everyone with the idea a clear new bull market was in place.

and that of course would finally be the last move of this advance (about 6-12 months after many thought the move would happen). the timing is interesting in terms of the election (eg election could be factored 6 months prior to event and start having effect) and the ECRI recession call (for ball park may-aug of this year) since they have a very good record in general.

only my opinion but (1) would not fixate too much on the exact shape other than the major psych behind the pattern. (2) am not convinced that we are 22-23 but certainly cannot prove we are not. (3) if we get a forced move up around (just at just under or just over) the 2007 high--that is going to be interesting--esp if we get a fast breakdown rather than the typical 6-12 month top formation.

Bonus--readers may want to pull up an dow chart of 1964 to 1984ish and consider the pattern in that light just for "fun".

[CH37]

I think yesterday high data of ISEE, probably due to huge calls volume on MU.

What's the news on MU they lost like 200mil, I thought they are going to 7.7ish, now almost bullish cross

no idea about news from MU.
If MU could hold $7.78, then long MU is safe.
But MU is not my style.

[KENA]

COBRA..Could not post on Quote on the above.Need a better way to delete.Refresh does not work most of the time so had to post to delete..Thanks