12/05/2011 Intraday Watering

[Me XMan]

Natural gas? What's your reasoning?

UNG's functioning as a contra-SPX.

[SB73]

Primary Count remains on track. I see no problem with this uptrend without first dropping below 1,254. I expect we carve out a Running Flat with wave C fooling a lot of Bears. So far we have yet to have a Bear paw smack down, it's been all Bull since 1,159. Next stop for wave 3 of 5 is 1,277.

Strike Price - Are you Pug?

[BullBear52x]

UNG's functioning as a contra-SPX.

I still have 1K UNG at 7.8 on my long term speculation account, I still see /NG open interest I think it's closer to the bottom then the top. bad move on this one thought winter will do me good, Wrong again.

[SB73]

Looks to me like this is the final push up before a correction of some meaning. I can't imagine a monster gap again tomorrow.

[Mongoose]

The Master Plan (dont they look cute together?)
http://www.reuters.com/article/2011/12/ ... 1120111205

http://www.youtube.com/watch?v=CF-IcSod ... re=related

[Petsamo]

Natural gas? What's your reasoning?

UNG's functioning as a contra-SPX.

Just an observation. When the SPX drops, UNG rallies, and versa vice.

[L_T]

Speaking of H2 and the like is anyone going to or have they already ordered the new Al Brooks book?

http://www.amazon.com/Trading-Price-Act ... 991&sr=1-1

H2 Long on EMA20, I'm not sure, let's see.

[jarbo456]

reasons to be looking for a double top in /CL, and why i covered my long /CL and went short a little at 102.12...

when initially looking at the daily, it looks bullish with an imminent bullish macd crossover and high rsi. however, it could be subjectively interpreted as a severe weakening in the bullish bias of the trend. this time, the near test of the recent 103 high couldn't even create a positive macd. (still, this is questionable)

the hourly looks much more bearish, with all the right ingredients for a reversal. neg d on both RSI and macd, and what looks to be the end of a 3rd push up.

overall, questionable at best. my bias is for at least a pullback...probably to 99 or more.

[uempel]

DMA 191 at 1262, DMA 200 at 1264... I'm still waiting for 13.20 or 13.30 pm...

[soku]

Speaking of H2 and the like is anyone going to or have they already ordered the new Al Brooks book?

http://www.amazon.com/Trading-Price-Act ... 991&sr=1-1

H2 Long on EMA20, I'm not sure, let's see.

is he good? i read something a while ago and helped a friend to code some of his trade setup. i don't quite understand what he is doing.
do u have any summary?

[finman66]

Interesting cycle chart depiction from swingcycle.blogspot

[L_T]

Cobra has his stuff at the "Getting Started" section. It's kinda dense and very detailed / specific. The guy's website says when he trades he closes the shades and ignores the world completely and focuses on a 5 minute chart with a 20 EMA and nothing else.

Speaking of H2 and the like is anyone going to or have they already ordered the new Al Brooks book?

http://www.amazon.com/Trading-Price-Act ... 991&sr=1-1

H2 Long on EMA20, I'm not sure, let's see.

is he good? i read something a while ago and helped a friend to code some of his trade setup. i don't quite understand what he is doing.
do u have any summary?

[L_T]

Should have included "the guy's website":

http://www.brookspriceaction.com/portal.php

[Cobra]

hopefully this kind of consolidation would bring a breakout eventually. Let's say 50 to 50 chances.

[StrikePrice]

Primary Count remains on track. I see no problem with this uptrend without first dropping below 1,254. I expect we carve out a Running Flat with wave C fooling a lot of Bears. So far we have yet to have a Bear paw smack down, it's been all Bull since 1,159. Next stop for wave 3 of 5 is 1,277.

Strike Price - Are you Pug?

Lol. No. He's way better than me.

But I did briefly subscribe to his service because I really respect his charting and wanted to study them for a bit. In the end it didn't help my trading and I haven't seen any of Pug's charts since August so I wouldn't know what count he is running.

[TWT]

EUROXX 50 : Same idea like for SPX with an Ending Diagonal "Project"

[Al_Dente]

“Uncle Al’s Internals” here:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PAGING Jarbo: banks $BKX are strongest on my little index board today +3.2%
I am trend follower (sheep), I could never short the strongest sector on an nyadv 2500 day
You are a frontrunner, carefully chosing tops to short
That’s the difference between us
PS: I very much like your chart construction on freestock

PAGING tdo722:
Dear young one: You are our future. Learn well from the wisdom of the geezers, their message so pure and direct:
http://www.youtube.com/watch?v=C-GFqhCq ... re=related

PAGING Uempel:
WOW nice Katie Kissoon and Candy Dulfer, never heard them b4 thanks. U have any Pink Floyd with graphics “Bricks in the Wall” or something like that?
Also, re: yr “1 min ellipses pointing to 1266/67 at 13.30 pm.”
I changed my internals back to VIX just for you and the baron.
Please consider posting your SCIENTIFIC TIMING MOVEMENT indicatons citing New York time for international-time dummies like me.
With your scientific timing and my internal directionals, we could be dangerous, let’s try it

[soku]

Should have included "the guy's website":

http://www.brookspriceaction.com/portal.php

I am Al Brooks, MD, and I daytrade E-mini futures, stocks, and options for a living.

this guy sound like somebody here, started with c.....

[SB73]

Primary Count remains on track. I see no problem with this uptrend without first dropping below 1,254. I expect we carve out a Running Flat with wave C fooling a lot of Bears. So far we have yet to have a Bear paw smack down, it's been all Bull since 1,159. Next stop for wave 3 of 5 is 1,277.

Strike Price - Are you Pug?

Lol. No. He's way better than me.

But I did briefly subscribe to his service because I really respect his charting and wanted to study them for a bit. In the end it didn't help my trading and I haven't seen any of Pug's charts since August so I wouldn't know what count he is running.

Wasn't trying to offend, just noticed a lot of similarities. I check back once in a while to see if he has posted charts, but I haven't seen any for a while. Generally when he is right you see the charts, but when he is wrong you don't see anything. My guess is that he has had a difficult time in this environment like many of us.

[jarbo456]

hopefully this kind of consolidation would bring a breakout eventually. Let's say 50 to 50 chances.

if this is a pattern, then it looks like we may have to wait for a gap down tomorrow morning for the "breakdown". -_-