01/25/2012 Intraday Watering

waverider · Post by **waverider** » Wed Jan 25, 2012 12:08 pm

$DJW, still waiting to see if it can jump over the 200 SMA

Richarab · Post by **Richarab** » Wed Jan 25, 2012 12:09 pm

Gold futures - next stop, .. The moon?

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I am here: http://maps.google.com/maps?ll=17.996998,-92.951688

stucap · Post by **stucap** » Wed Jan 25, 2012 12:10 pm

Richarab wrote:Gold futures - next stop, .. The moon?

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I am here: http://maps.google.com/maps?ll=17.996998,-92.951688

AAPL is holding up NQ so no chance of big red today on the SPY/ES.

TraderGirl · Post by **TraderGirl** » Wed Jan 25, 2012 12:11 pm

Al_Dente wrote:10 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =254800720

NO hidden meaning… just pure Stevie Nicks… http://www.youtube.com/watch?v=FhNrrrCC ... re=related

I love Stevie Nicks!!

TraderGirl · Post by **TraderGirl** » Wed Jan 25, 2012 12:13 pm

Where is everyone???

cougar · Post by **cougar** » Wed Jan 25, 2012 12:14 pm

The acquisition proposal of ILMN by Roche is a serious shot in the arm of other “prey-biotechs”.
The Basel pharmaceuticals are full of Frankli and ready to spend unwisely…

L_T · Post by **L_T** » Wed Jan 25, 2012 12:15 pm

TraderGirl wrote:Where is everyone???

Quiet like yesterday. I would say today waiting for FED announcement.

Richarab · Post by **Richarab** » Wed Jan 25, 2012 12:16 pm

TraderGirl wrote:
Al_Dente wrote:10 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =254800720

NO hidden meaning… just pure Stevie Nicks… http://www.youtube.com/watch?v=FhNrrrCC ... re=related
I love Stevie Nicks!!

i loved her...it was 1982, in a morocco hotel room, ...from behind

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I am here: http://maps.google.com/maps?ll=18.000977,-92.889747

Petsamo · Post by **Petsamo** » Wed Jan 25, 2012 12:17 pm

bushwaffle wrote:
Petsamo wrote:KBE, the other bank ETF, is to watch. It's very strong today
Been interested in your gap data for a while now. However, it seems that maybe whatever data was used to construct your spreadsheet may have reversed? Looks like (just using your public posts) that the only 1 out of last 8 was correct. Throwing darts would have yielded better results, so it seems that there has been a fundamental shift. I used to have a play in 02-03 where I could scalp a play with the gap at open on OEX every time there was an /ES disparity of more than 8 pts in either direction...that hasn't worked in a long time either. Thoughts?

The reliability has been lousy. The problem with my spreadsheet is that if, say the Hang Seng, gaps up, that they will continue to rise, not sell off. Markets lately have been selling the gap ups, and buying the gap downs.

The spreadsheet is easy to construct:
today's GXC target price = yesterday's GXC closing price * Hang Seng's recent closing value / Hang Seng's recent opening value
today's INP target price = yesterday's INP closing price * Bombay Stock Exchange's recent closing value / BSE's recent opening value
if GXC & INP close above their target price, SPY has a 46.1% or 50.2% probability of a gap up. (The 46.1% is the 6 month moving average, the 50.2% probability is cumulative data since 3/4/10.)

If you want a copy of my spreadsheet, PM me.

Me XMan · Post by **Me XMan** » Wed Jan 25, 2012 12:20 pm

Opened short position $131.25

uempel · Post by **uempel** » Wed Jan 25, 2012 12:21 pm

TraderGirl wrote:Where is everyone???

Well, as long as you are not alone in the room with richarab everything is fine

Petsamo · Post by **Petsamo** » Wed Jan 25, 2012 12:24 pm

So who wants to short UNG? I'm thinking of taking profits. I'm above break even

TraderGirl · Post by **TraderGirl** » Wed Jan 25, 2012 12:25 pm

uempel wrote:
TraderGirl wrote:Where is everyone???
Well, as long as you are not alone in the room with richarab everything is fine

You are so funny!!! My eyes are tearing from laughter!!!

cougar · Post by **cougar** » Wed Jan 25, 2012 12:26 pm

TraderGirl wrote:
uempel wrote:
TraderGirl wrote:Where is everyone???
Well, as long as you are not alone in the room with richarab everything is fine
You are so funny!!! My eyes are tearing from laughter!!!

Great point! Ha-ha!

soku · Post by **soku** » Wed Jan 25, 2012 12:30 pm

soku wrote:if bulls cannot defend 1300-1305, it will be party time for bears.
have been bulled for too long.

market is so boring. today may not be the day. who knows.
anyway, i see divergence everywhere. on a short term base, the upside momentum is gone. i am expecting a retest of the low 1300s one more time

L_T · Post by **L_T** » Wed Jan 25, 2012 12:31 pm

Sent you PM.

Petsamo wrote:
bushwaffle wrote:
Petsamo wrote:KBE, the other bank ETF, is to watch. It's very strong today
Been interested in your gap data for a while now. However, it seems that maybe whatever data was used to construct your spreadsheet may have reversed? Looks like (just using your public posts) that the only 1 out of last 8 was correct. Throwing darts would have yielded better results, so it seems that there has been a fundamental shift. I used to have a play in 02-03 where I could scalp a play with the gap at open on OEX every time there was an /ES disparity of more than 8 pts in either direction...that hasn't worked in a long time either. Thoughts?
The reliability has been lousy. The problem with my spreadsheet is that if, say the Hang Seng, gaps up, that they will continue to rise, not sell off. Markets lately have been selling the gap ups, and buying the gap downs.

The spreadsheet is easy to construct:
today's GXC target price = yesterday's GXC closing price * Hang Seng's recent closing value / Hang Seng's recent opening value
today's INP target price = yesterday's INP closing price * Bombay Stock Exchange's recent closing value / BSE's recent opening value
if GXC & INP close above their target price, SPY has a 46.1% or 50.2% probability of a gap up. (The 46.1% is the 6 month moving average, the 50.2% probability is cumulative data since 3/4/10.)

If you want a copy of my spreadsheet, PM me.

waverider · Post by **waverider** » Wed Jan 25, 2012 12:31 pm

Petsamo wrote:So who wants to short UNG? I'm thinking of taking profits. I'm above break even

It is suffering from contango, I don't see why not.

Petsamo · Post by **Petsamo** » Wed Jan 25, 2012 12:34 pm

waverider wrote:
Petsamo wrote:So who wants to short UNG? I'm thinking of taking profits. I'm above break even
It is suffering from contango, I don't see why not.

I sold it at 5.85 for a 1.4% gain.
History: bought 5.78, sold 5.70, rebought 5.51, sold just now

L_T · Post by **L_T** » Wed Jan 25, 2012 12:35 pm

Look at utilities. It has closed every day under 9 day EMA for 16 consecutive days by my count. Risk on trade or something else?

Post by **Cobra** » Wed Jan 25, 2012 12:37 pm

target met.

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