02/07/2012 Intraday Watering

[Me XMan]

Bears are waiting for Greece IMO.
Meanwhile bulls are on a tear

too bad, bears are weak.

[Al_Dente]

VIX is moving UP out of compression (bear spy)
SPY isn’t showing it yet
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Why are you always late? I joke I joke

Yea but u gotta admit the bolinger compression is real, plus early
Remember doooood:
I couldn’t find a top if it was just me and Sir Edmund Hillary and Tenzig Norgay shootin’ the breeze up there in oxygen masks.
I couldn’t find a bottom if I was strapped to a donkey headed down the Bright Angel Trail of the Grand Canyon.
Its me here, T*R*E*N*D ****** F*O*L*L*O*W*E*R

ooooops another high perhaps…

[Cobra]

now I see a bullish pattern here. cannot believe this market is non-stoppable, but no argue.

[Cobra]

all of sudden a renewed strength, what the news?

[fehro]

all of sudden a renewed strength, what the news?

The latest consumer credit numbers were just released. During December consumer credit spiked to $19.3 billion, which is far greater than the $8.5 billion that had been expected, on average, among economists polled by Briefing.com.

[Wallstreetrader]

nothing here !

[BullBear52x]

VIX is moving UP out of compression (bear spy)
SPY isn’t showing it yet
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Why are you always late? I joke I joke

Yea but u gotta admit the bolinger compression is real, plus early
Remember doooood:
I couldn’t find a top if it was just me and Sir Edmund Hillary and Tenzig Norgay shootin’ the breeze up there in oxygen masks.
I couldn’t find a bottom if I was strapped to a donkey headed down the Bright Angel Trail of the Grand Canyon.
Its me here, T*R*E*N*D ****** F*O*L*L*O*W*E*R

ooooops another high perhaps…

I pull out my crystal ball just now, gap down it said.....


Thanks, Cobra and everyone, good luck trading all.(GLTA)

TA note: http://bullbear52x.blogspot.com/

[SWalsh]

I'd say this is hindsight, but I did write about this last week. Was this a virtual 100% day trade? I covered shorts I came in with but did not go long.

When the mkt had broken a TL and the HFT/Algos hit it back up in the next few bars, my observation has been it does not go lower again that day. It also stopped at a 38% retracement and had wave C=A going for it. What was in question at the time was if what is labeled as a B wave was an overlapping conclusion of a wave so, IMO, buying a rally with a stop at a new low was the only play and not picking that bottom:

[PRI]

My wild guess lol:

Nice call, congrats!

[springheel_jack]

HFT information in real-time

Again a reminder that the HFT program guy is often online (but usually not Wednesdays) commenting on what is taking place with the machines.

http://stocktwits.com/HFTAlert

There is no advertising for his program (expensive) or service. These are on StockTwits at no cost and no discussion takes place.

Those crazy HFT things always causing havoc with the market. Please tell us more trading Jesus with the high IQ. How about just understanding that support on the spx is around 1335 and momentum is still up. Oh yes i forgot that information wasnt' complicated enough for the high IQ members here! LOL

If for no more than general interest, I appreciate Mr. Walsh's HFT posts, so please stop wasting blog space with your petty weak mockery. I'm sufficiently educated to make my own decision about using this information in my trading decisions.

Read all the HFT posts you want partner. I'm not telling anyone to do anything. However, I cannot believe someone with an alias (or at least i hope that is an alias) of 57chevy can be sufficiently educated! I guess milking cows is a form of "edumacation"! Yeeeehaaaawwww let's go shoot some guns!

Lets just agree to ignore each other!

MARKET UPDATE!!!! IT IS UP! STAY TUNED!

Not that it makes me a better trader, but I'm a Univ of Chicago MBA. I may not be a genius, but lack of education is not a problem.

Cobra wants us all to be nice and he's right as the focus should be on markets. Even SWalsh and I have managed to be polite to each other this week.

[HuyVanLang]

Look at P bar points to 137 on 2/2/112. I think spy will reach that target. Just saying.

[btran874]

I'd say this is hindsight, but I did write about this last week. Was this a virtual 100% day trade? I covered shorts I came in with but did not go long.

When the mkt had broken a TL and the HFT/Algos hit it back up in the next few bars, my observation has been it does not go lower again that day. It also stopped at a 38% retracement and had wave C=A going for it. What was in question at the time was if what is labeled as a B wave was an overlapping conclusion of a wave so, IMO, buying a rally with a stop at a new low was the only play and not picking that bottom:

Don't worry too much about HFT/Algos. This market is so predictable.

wave 2=8.95, wave 4=9.42

Go figure. Rest in peace RNE!

[springheel_jack]

On ES the little bull flag targets 1350/1 & I have a major target / resistance area at 1353-5. The upper target looks ambitious for today though.

[usctrojan99]

SLV has been basing, and is perking up. Just bought 300 shares with stops at yesterday's low.

[quatzl]

PAGE JARBO
U have any tricks 4 me on freestk?
I want to add a stock symbol/chart UNDERNEATH my top chart (underneath where we usually put volume, rsi, etc)

NOT >price history >add indicators on top
Above that, next to symbol the >add indicator won't let me (?) add a symbol so I can get a chart UNDERNEATH MY TOP CHART
(forget “comparisons” that’s another story)
Any brill ideas?

so you want two charts of different symbols in the same tab, one underneath the other?

i got no magic for you man...don't know if you can do that on freestockcharts

Yes, you can have two charts of different symbols on the same page. Once you have your two windows set up, click on the the actual stock symbol, put the symbol you want and check this box for "this chart only"

[Cobra]

all of sudden a renewed strength, what the news?

The latest consumer credit numbers were just released. During December consumer credit spiked to $19.3 billion, which is far greater than the $8.5 billion that had been expected, on average, among economists polled by Briefing.com.

I see, thanks.

[Cobra]

Cobra wants us all to be nice and he's right as the focus should be on markets. Even SWalsh and I have managed to be polite to each other this week.

Yeah, agree, no fight here. Let's concentrate on the market. who's right who's wrong, doesn't matter, in the end you account tells everything.

[rocket]

Cobra, attached is your Market Outlook from 10/28/2011. In this chart, the interesting thing is that whenever Eurozone rescue plans were announced market tanked afterwards. I know we only have 2 instances and not much statistical analysis to do on it. But maybe market is waiting the news headline from Greece. And whatever it is market will trun south after that.

[Cobra]

Cobra, attached is your Market Outlook from 10/28/2011. In this chart, the interesting thing is that whenever Eurozone rescue plans were announced market tanked afterwards. I know we only have 2 instances and not much statistical analysis to do on it. But maybe market is waiting the news headline from Greece. And whatever it is market will trun south after that.

we all know the market will have to pullback but now I simply don't see the pattern or some extremely extreme signals so still the cliche, don't front run.

[Carlos]

Rode upro up all day and made good $$. Pulled out a little early. Did not expect this last push up.