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Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:26 pm
by lqiantobe
Corba~ Have you seen the sign YGE is going to breakout $5 resistence?
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:28 pm
by TraderGirl
TWT wrote:Lately I am watching very closely the KBE etf which since the Dec 19 low is clearly outperforming SPX.
This sudden buying spree in the financial sector, has turned the EW pattern of KBE bullish.
I think it is a must to follow BAC
Below I have a potential count which is assuming that a wave (A) off the January 2011 could be completed. If this is the case then a wave (B) should at least reach the 0.382 retracement at 8.8742
The trend is up as long as last Tuesday´s gap at 6,27 is not closed
Great chart TWT, will keep this one on my radar..
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:28 pm
by 99er
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:30 pm
by waverider
CognitiveDissonance wrote:Did somebody say VIX?
It's been a looooong week waiting for the VIX do go down but I think it will.
PS - does anyone know how to make these jpg files smaller for upload?
No thanks, still sitting here waiting for that trend line to break unfortunately.
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:30 pm
by MrMiyagi
I think it will be over 130$ soon.
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:31 pm
by Cobra
lqiantobe wrote:Corba~ Have you seen the sign YGE is going to breakout $5 resistence?
looking good.
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:32 pm
by CognitiveDissonance
BullBear52x wrote:CognitiveDissonance wrote:Did somebody say VIX?
It's been a looooong week waiting for the VIX do go down but I think it will.
PS - does anyone know how to make these jpg files smaller for upload?
use windows image viewer you can crop it there.
I'm using mac osx default screen shot, sorry , should have specified os
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:36 pm
by stucap
MrMiyagi wrote:
I think it will be over 130$ soon.
HA!
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:37 pm
by mac769
Push it a bit more
The pushers try to achieve the breakout, put the harder they push, the harder the fall...
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:42 pm
by Mr. BachNut
Reading about the "terrible" 30 year auction today, I checked to see if the descending triangle was completing. Nope. TLT is above declining tops and today's low is above yesterdays.
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:42 pm
by MrMiyagi
stucap wrote:MrMiyagi wrote:
I think it will be over 130$ soon.
HA!
I see your HA! and raise you to HA!HA!
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:43 pm
by Al_Dente
PAGING Baron von PinkSheets
Only for you QQQ
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253605194
You have to admit the nas tickq has a much more revealing structure than that nyse tick (on the one min, it’s not on this chart).
Check that trinq !! (1.00 is still a valid benchmark on trinq).
http://www.youtube.com/watch?v=QR4vE9xL3yk
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:43 pm
by mac769
TraderGirl wrote:I don't know if I want to start drinkin' the Kool-aid just yet. 2009/2010 we had massive amounts of QE involved, once it ran out the markets puttered out....now it depends on earnings, and so far it's 50/50 lot's of warnings, and so far every time we have hit a new resistance zone, we pulled back at least once. I see a new resistance around 1311-1312, I guess we will see what happens when we get there.... just my thoughts....
“The investment community is almost regarding quantitative easing as a free good and if it’s a free good, why not just do QE10,000,” said Sanders, a former head of mortgage-bond research at Deutsche Bank AG. “If rates start going up, somebody’s going to have to pay the tab, and you know who that is: John Q. Public.”
Buy some mortgage bonds or calls on BAC and you can sleep well until reality sets in
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:43 pm
by Cobra
I think the target has been reached.
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:45 pm
by jarbo456
i'm starting to wonder if there already is QE3...it's just not being publicized.
i know, i know...2010 was flush with QE2 cash...but this is starting to look a whole lot like Dec. 2010 - Feb. 2011. that would be scary for us bears...
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:45 pm
by Rezito
Tabby wrote:fuddleduddle wrote:Iran delayed embargo. Crude selling off. So if crude leads the market, the top really is near.
Iran's production of oil is not very significant to the market. The news has more adverse affect than the oil IMO.
http://en.wikipedia.org/wiki/List_of_co ... production
Only 12% of iran's oil is bought by Europeans, led by Italy, Spain and france. it's not a big percentage of their overall oil production.
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:46 pm
by Cobra
again, close here, should be another breakout tomorrow morning.
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:47 pm
by ClarkW
Once again $DAX can't close above 50% Fib. Something has to give soon
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:48 pm
by mac769
because the nas is the "more manipulated" market
and the sheeple of the nyse follow like the lemmings
Re: 01/12/2012 Intraday Watering
Posted: Thu Jan 12, 2012 4:49 pm
by ClarkW
Is it more about Iran's threat to close the Straight IF the embargo was initiated? And how much that would disrupt the supply? I think it's more about Iran's reaction and less about European's demand for Iran oil. Just my opinion
Rezito wrote:Tabby wrote:fuddleduddle wrote:Iran delayed embargo. Crude selling off. So if crude leads the market, the top really is near.
Iran's production of oil is not very significant to the market. The news has more adverse affect than the oil IMO.
http://en.wikipedia.org/wiki/List_of_co ... production
Only 12% of iran's oil is bought by Europeans, led by Italy, Spain and france. it's not a big percentage of their overall oil production.