03/14/2012 Intraday Watering

[soku]

Is the 1400 Hype now done.??

still hard to tell. after yesterday's panic rally, the market need a little bit rest. today could be slow. but it still could go up. smell like 1410 to me now.

[Tabby]

I did see a P bar dn to 137.60 at about 1/2 hr before closing yesterday.( for what it is worth)

I didn't see P Bar in 81.4046 IWM but I did my calculation last night and it seems 810-815 is a good pulllback from $rut 833-838. I am watching TZA like a hawk.

[Harapa]

GM All
SP500 futures completed “9-13 TD Sequential” on 1 hour time frame this morning (Purple Down Arrow). Completion of this pattern suggests trend exhaustion/reversal. If you trade futures you may find it useful for actual trading. For all others this indicates some softness in hours to follow. On SPY only 7 of 13 bars are labeled. Even if all bars gets label today sell signal will emerge at the close of today. I will update the chart if I get a signal.
Happy Trading!

yr demark does not seem right, especially the countdown

I am no expert in this matter. I am using Metatrader and indicators from their library to mark these points.

[soku]

GM All
SP500 futures completed “9-13 TD Sequential” on 1 hour time frame this morning (Purple Down Arrow). Completion of this pattern suggests trend exhaustion/reversal. If you trade futures you may find it useful for actual trading. For all others this indicates some softness in hours to follow. On SPY only 7 of 13 bars are labeled. Even if all bars gets label today sell signal will emerge at the close of today. I will update the chart if I get a signal.
Happy Trading!

yr demark does not seem right, especially the countdown

I am no expert in this matter. I am using Metatrader and indicators from their library to mark these points.

i use metatrader too. i think it is just some script somebody put together. the rule sounds easy, but it is very hard to code per my own experience. just apply the general rule from pearl's book, u will see it is not correct. the same problem appeared on aapl chart as well.
so far i have not seen any cheap alternative other than the couple brokers he authorized to. none of them cheap

[stevej]

appl only up 31 points in two days whats wrong; can't we just go up to 750 and be done???

[Al_Dente]

senor SB
u in?

[btran874]

In the last 6 weeks appl is up over 30%--420-570; is this really the entire move in NDX and SPX??? I believe it is 20% of the NDX; not sure how large % it is of SPX. Also thanks for the advise/opinions on my current loss due to holding apr 25 calls on VXX; currently they trade at 1, so I would realize a loss of 125k if I sell now---way to big, but I thought 50k was then 75k then 100k, based on what you guys see for next few weeks would you ride this thing or take the pain---your opinions/advise is wanted; but obviously the loss is mine and I am responsible for my trading. Thanks

Hello Steve,

Again I am very sorry for your loss and hoping you'll recover soon. The hardest thing in this game is predicting time frame. I hope this chart will help you some what.

[KENA]

The TNX moved up and tested the 34.62 res.This is where the Mkt vs Big Ben fight may be.Big ben will have to put in big bucks to keep it dn.Watch interest rates it will be a game changer if they move up.By stocktiming.com

[KeiZai]

Tvix is rocking today...nice go go go

[SB73]

senor SB
u in?

Senor,

Affirmative. Don't laugh, but target in the 15's.

[stevej]

Thanks Btran; I appriciate your thoughts

[Cobra]

usually the high and the low of the huge bar serves as important support or resistance, so let's see.

[KBFARNEY]

Bought some TVIX today with a tight stop

[soku]

my chart bot draw the line at 1391.75 on hourly, which means it totally ignores any ticks above. lots of selling in t, but no significant impact in equity. since oct, the market is very hard to play with. lots of correlations are broken. i am trying to short the pop

[lcgllc]

AAPL...parabolic... stock ownership is at saturation point, based largely on the unanimously accepted beleif in the growth of two products...i remember when $140 oil looked and felt the same...revisit those charts.

[KeiZai]

Come on just one day like in Shanghai please

[Al_Dente]

senor SB
u in?

Senor,
Affirmative. Don't laugh, but target in the 15's.

face senor
remember yr pretty face
ps check yr PM in a minute

[KENA]

Hey see what happens on a dome,we go dn to the LOD and can go lower.Watch and see.

[SB73]

Senor Al,

I did a little study. If 13.50 was the bottom (which is always an if). The last 24 bounces have a median return of 39.6% from the low and an average of 42.1%. The cycle average is 5 days. The worst return was 12.9% which just so happned to be the last cycle. If we duplicate the worst return we should see 15.24.

[Cobra]

a little fib info. Canadian market down sharply. usually Canadian tells the truth because its market is heavily related to commodities.