03/02/2012 Intraday Watering

[BullBear52x]

No way, are they really going to push this up just to confuse you more? DIA retest 5 dma

[btran874]

can someone tell me if my chart's 12.6MM volume on the day so far for SPY is correct?

12.6MM !!!!!!!

holy crap! what kind of volume bs is that?!?!

I see 90.6mm total volume for today

[SB73]

squeeze it is

I won't bet against the bulls, but it looks like 3 push up complete.

[jimme]

consolidation here is no good for bears.

A line from the top please. GLTA jimme

[Cobra]

Cobra Response from last night: "Still trying to short gold according to the system. The system has no magic,
but simply follow. So when gold is up, it'll try to long and when gold is down it'll try to short. Today's
rebound doesn't change the fact gold is down a lot, so the system still tries to short.
And here's some statistics from Sentimentrader:
Wednesday was only the 3rd time in nearly 40 years that gold futures went
from a 3-month high to a 3-week low in one day. The others, 1/17/91 and 3/19/08,
both led to additional losses of at least -3.7% during the next month.
Cobra, - And I thought you had put me on your 'very dense trade learner' list. Consider this little lamb well fed.
Since your response arrived after my bedtime I just assumed gold was in a 3 push down pattern PLUS spent day
on TOS ShadowTrader yest. watching them tick by tick trading /ES. This morning applying your lessons
(intraday 3 push up also helped A LOT) and theirs, my new /GC trade system was created this morning that
I call 'If you've no ticks, try sticks'. And it WORKED. 100 shares of DUST and made $109.

2012-03-02-TOS_CHARTS.png

Hmm, nice.

[Al_Dente]

can someone tell me if my chart's 12.6MM volume on the day so far for SPY is correct?

12.6MM !!!!!!!

holy crap! what kind of volume bs is that?!?!

i read 91.5 million shares SPY

[Cobra]

overshot, hopefully a pullback of some kind here. I like it's up but I don't like the price up too much because I really don't want chase high and hold for the weekend, so if we could close right here, I'd be happy.

[Tabby]

Denali92,
748-752 is the top of wave minor 1. A drop from 833 to 753-760 is almost 100% retracment from wave top of wave minor 3. Then minor 5 would not make sende to reach 860.
After minor 5 is over by the earning we should start major wave 2 correction. major wave 1 started from Oct 2011 at 600 and end 850-860 by May.
I think you are too generous with pullback. I thought wave 4 only pullback to 24%-38%.

[Cobra]

hmm, someone is listening to my pray. down down down ole' ole' ole'

[SB73]

squeeze it is

I won't bet against the bulls, but it looks like 3 push up complete.

bingo

[BullBear52x]

OK third time bull trap is a success, lets move down from here.

[SB73]

hmm, someone is listening to my pray. down down down ole' ole' ole'

Feels like a sell now ask questions later moment.

[Cobra]

hey, that's too much, please.

[Cobra]

not a good looking bear bar (for bulls) but let's see the current bar...

[SWalsh]

HFT/Algo hit outside trendline + back inside within 10 min = high probability that price is not seen for 1/2+ trading days.

The up move is replete with these occurrences. They are stop getters. It is what it is and it is what they are programmed to do. I'm not sure who to thank for this.

[SB73]

HFT/Algo hit outside trendline + back inside within 10 min = high probability that price is not seen for 1/2+ trading days.

The up move is replete with these occurrences. They are stop getters. It is what it is and it is what they are programmed to do. I'm not sure who to thank for this.

Swalsh...totally agree this is bullshit at its finest, but I must place the cards dealt and the cards are saying short this sunny beach.

[Petsamo]

not a good looking bear bar (for bulls) but let's see the current bar...

Major overseas markets sold off.

[BullBear52x]

Thanks Cobra and everyone, Have a good weekend.

TA note: see my RSI buying here is counter trend.

[Al_Dente]

VXX is back in play
Yes it is
No it isn’t
Yes it is
etc

[btran874]

TVIX has less gained than VXX today.