01/27/2012 Intraday Watering

[SWalsh]

It looks to me that every move today has been a computer.

That computer has to be programmed by a human chief

Not sure of what you are saying. If the public enters no orders the ONLY activity you will see is the HFTs fluttering bids and offers to try to get the slower computers to trade. That the mkt has emotion (fear and greed) with a computer is thought by some. It is extremely fallacious. (EDIT: The public is gone from this market and they are not coming back anytime soon...seen it before....it happens) The point is to design systems without those and these PhD programmers have built systems that act on price and often for 25/1000 of a second in-and-out. They just throw a switch on.

[uempel]

Ok Al, is it up or down

Or a dud?

[Cobra]

hmm breakout on the upside instead of downside. but the breakout is not strong enough and already 2 legged, so still not very bad for bears yet. let's be patient.

[Avitar]

uempel,

5 minutes to go:

How do you derive the signal time, please?

[uempel]

Bulltart, I was all twisted around, got it now
In yr estimation, would it be 1) easy 2) hard 3) near impossible for Europe to replace that potentially-lost oil from alternative supplier(s)?
PS: I knew u were the right guy/gal for the job…..
VERY VALUABLE INFO bs alert and link is much appreciated

Neil Young… http://www.youtube.com/watch?v=dVC2cszd ... re=related

PAGING UEMPEL we are alert 13:50, bolinger on 5m affirms impending move
Don’t know if internals will help/hinder... http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
But u can see and almost feel the pull of gravity…..surprise would be BTFD…also my tick is beeping bull at this moment...

5 minutes to go:

tt.png

To either of you:
Could you elaborate as to what you expect to happen? Sorry, I am having difficulty with your chart.

Well, it's a close up of an ellipse and the vertical signals a strong move. When SPX moves out of a system it tends to find new equilibrium, to form a new system. Doesn't work always, but in general it does.

[Al_Dente]

Ok Al, is it up or down

It’s still a flag with serious resistance (he says after the fact....)
Growing bull bias
Vix and tnx won’t confirm yet
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

[stucap]

hmm breakout on the upside instead of downside. but the breakout is not strong enough and already 2 legged, so still not very bad for bears yet. let's be patient.

bulls don't follow the rules.....

[TraderGirl]

Did we hit a top? Or false signal????

[SWalsh]

Neil Young… http://www.youtube.com/watch?v=dVC2cszd ... re=related

I think the bears want this one:

http://www.youtube.com/watch?v=_wCvUynhYRY

[PRI]

Bulltart, I was all twisted around, got it now
In yr estimation, would it be 1) easy 2) hard 3) near impossible for Europe to replace that potentially-lost oil from alternative supplier(s)?
PS: I knew u were the right guy/gal for the job…..
VERY VALUABLE INFO bs alert and link is much appreciated

Neil Young… http://www.youtube.com/watch?v=dVC2cszd ... re=related

PAGING UEMPEL we are alert 13:50, bolinger on 5m affirms impending move
Don’t know if internals will help/hinder... http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
But u can see and almost feel the pull of gravity…..surprise would be BTFD…also my tick is beeping bull at this moment...

5 minutes to go:

tt.png

To either of you:
Could you elaborate as to what you expect to happen? Sorry, I am having difficulty with your chart.

Thanks

Well, it's a close up of an ellipse and the vertical signals a strong move. When SPX moves out of a system it tends to find new equilibrium, to form a new system. Doesn't work always, but in general it does.

[waverider]

NO..I do some of them..I had to get a new knee so that limits what I do..There is one trader who is but I forgot who he is..The last I heard he was going to do the Iron Man.[/quote]

Yeah, the impact of running nearly always leads to overuse injuries. Did you injure it weightlifting or running? I did a couple of duathlons and ran track/cross country in high school/college. Runners who never get injured are rare and fortunate.

[uempel]

Update - so far it looks like a dud.

[TWT]

EURUSD: Ending Diagonal wave (C) ?. If correct needed price < 1.3185

[uempel]

uempel,

5 minutes to go:

How do you derive the signal time, please?

I don't have much time now - just quick: if you have found an ellipse the most important lines are the vertical horizontal centerlines. But also the left and right vertical border and the top and bottom horizontal borders are signals - for reversals or breakouts. Ok? I'm gone now.

[SWalsh]

Hmm...in EW terms all the sideways stuff was a corrective wave B and this move up "might" be wave C of a complex correction. We'd need new lows by the end of the day to have that as probable.

[johnnywa]

Did we hit a top? Or false signal????

T.G very interesting,thanks for sharing

[uempel]

Bye guys, have a great weekend

[KENA]

NO..I do some of them..I had to get a new knee so that limits what I do..There is one trader who is but I forgot who he is..The last I heard he was going to do the Iron Man.

Yeah, the impact of running nearly always leads to overuse injuries. Did you injure it weightlifting or running? I did a couple of duathlons and ran track/cross country in high school/college. Runners who never get injured are rare and fortunate.[/quote]

No I got it from running..Did a lot of 5-8 and 10k's But those days are over..I still work out 6X a week just to keep in shape..How about you.Do you work out run etc.

[Al_Dente]

Uempel I think u got an early signal of shsort covering
See pink circle, bears were not serious enough this morn
We just have to c if covering will gain momo
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

VIX JUST CONFIRMED bull with LOD (double check me)….let’s see …..

I am watching that weird thing we r testing on 5 min….nothing yet

[BullBear52x]

In order to keep up/dn vol and up/dn adv/dec the market try to keep the cheap stock up so the smart technician will get confuse for a day or two more 131 is the line in the sand.