01/18/2012 Intraday Watering

[99er]

Update

EURUSD http://www.99ercharts.com/archives/97

[noob]

this kind of consolidation means more up.

We are at the top of the descending triangle though? Cannot be topping around here?

[tdo722]

Baron von ExitStrategy: refresh my memory please, what was it u used to say about sell all double tops. Does it apply today?

WTF WTF? That’s MY chart and its not nydnv it is $NYAD net (advancers minus decliners)
Quit confusing me with my own dang charts
I thought u said nydnv?
Post YOUR charts please, I’m sick of mine
PS: is it what it is?


PS: THANK YOU proteus46

always sell double top o yay. if you got stuck daytrade your self out. the first lot is critical the only time I got trap they gap on me. my 30% short that I am in now cost average about flat but I don't see them that way. anyhow here is the sell.

I hate this pattern the bulls has right now. Man I don't want to cover.

[SWalsh]

At 9:51-9:53 there were spikes with the last of the three being one of the biggest I've seen.

Agreed! that one?

YEP....now, tell me of what use that is other than being able to say (past tense) what they did as I have studied this for 3 months and I see no use in it. I can predict that when there are absurd moves, that never took place, that one hit. What it does for my trading I have no idea. Also, one can see a pattern like that where SPY rises 50 cents and then an algo hits it back down. Or one can see one line hit, which is usually at a critical chart point.

If you have figured out how to better your entry with this I'd love to know what you are looking at.

This really is criminal that this exists in this form and that they can illegally quote stuff the mkt as the rules say no order shall be entered that does not have an intention to be executed. You can see at times 10,000 quotes a second in one security. Is it any wonder guys that have done this a long time are quitting? They have destroyed EW reliability.

[KeiZai]

16:01 Bulls: 8 extreme ticks and bears: 0 extreme ticks. 72% pos ticks. Net Advancing is 226. Range is 8.05. We are at 100% of Range.
16:31 Bulls: 29 extreme ticks and bears: 0 extreme ticks. 81% pos ticks. Net Advancing is 266. Range is 10.64. We are at 97.2% of Range.


17:15 Bulls: 36 extreme ticks and bears: 0 extreme ticks. 77% pos ticks. Net Advancing is 218. Range is 11.46. We are at 89.8% of Range.

[Al_Dente]

PS: Baron von StealYourChartsFromRightUnderYourNose
Remember that $NYAD area chart is giving unusually great buy/sell signals
In the old days (last month) the bears, reds, used to be able to follow thru for sometimes a day or more.
If we ever get back to “normalish” we might have to throw those signals in the shredder

30 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[soku]

cougar

SPX http://www.99ercharts.com/archives/92

Your Bat Fillet is served.

my reading: middle part too small to be qualified as an independent move. i think it just confirmed high 1280s as a short term bottom.
i see some fib numbers there. we may pull back to the base again.

This move should qualify for an "almost there"!

i plan my trade based on the possible butterfly on daily for a while.
butterfly has to come with ab=cd b4 reversal. that's why my range is 1300-1320. butterfly does not always fire or the percentage is lower than gartley but it is stronger if engaged per my observation.
at this moment, i cannot rule out a super strong case, that is spx forming a rectangle consolidation in 1280-1300 then break out.

[taggard]

At 9:51-9:53 there were spikes with the last of the three being one of the biggest I've seen.

Agreed! that one?

YEP....now, tell me of what use that is other than being able to say (past tense) what they did as I have studied this for 3 months and I see no use in it. I can predict that when there are absurd moves, that never took place, that one hit. What it does for my trading I have no idea. Also, one can see a pattern like that where SPY rises 50 cents and then an algo hits it back down. Or one can see one line hit, which is usually at a critical chart point.

If you have figured out how to better your entry with this I'd love to know what you are looking at.

This really is criminal that this exists in this form and that they can illegally quote stuff the mkt as the rules say no order shall be entered that does not have an intention to be executed. You can see at times 10,000 quotes a second in one security. Is it any wonder guys that have done this a long time are quitting? They have destroyed EW reliability.

if EW is not valid or less valid--do you see anything we can learn from this. so can we invert our thinking and use this seeming change in the markets to our advantage--or is this situation just negative--thank you

[johnboy717]

What is the Web Site for the Financial Astrology Wizard?

Thanks in advance!

[BullBear52x]

PS: Baron von StealYourChartsFromRightUnderYourNose
Remember that $NYAD area chart is giving unusually great buy/sell signals
In the old days (last month) the bears, reds, used to be able to follow thru for sometimes a day or more.
If we ever get back to “normalish” we might have to throw those signals in the shredder

30 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

no silver bullet on anything but high probability that's all technician ever asking for.

EDITed: as far as stealing charts, we can all look at the same chart but will read it differently.

[Me XMan]

Sit and wait game plan = Going to the gym

My short position just got executed: $130.25

[cougar]

cougar

SPX http://www.99ercharts.com/archives/92

Your Bat Fillet is served.

my reading: middle part too small to be qualified as an independent move. i think it just confirmed high 1280s as a short term bottom.
i see some fib numbers there. we may pull back to the base again.

This move should qualify for an "almost there"!

i plan my trade based on the possible butterfly on daily for a while.
butterfly has to come with ab=cd b4 reversal. that's why my range is 1300-1320. butterfly does not always fire or the percentage is lower than gartley but it is stronger if engaged per my observation.
at this moment, i cannot rule out a super strong case, that is spx forming a rectangle consolidation in 1280-1300 then break out.

Good point Soku…I am also waiting patiently for clarity…
All my individual stocks positions are still long!

[stockcycle]

Baron von ExitStrategy: refresh my memory please, what was it u used to say about sell all double tops. Does it apply today?

WTF WTF? That’s MY chart and its not nydnv it is $NYAD net (advancers minus decliners)
Quit confusing me with my own dang charts
I thought u said nydnv?
Post YOUR charts please, I’m sick of mine
PS: is it what it is?


PS: THANK YOU proteus46

always sell double top o yay. if you got stuck daytrade your self out. the first lot is critical the only time I got trap they gap on me. my 30% short that I am in now cost average about flat but I don't see them that way. anyhow here is the sell.

I do pilot short. I think a dramatic market is always happening. Might be we see the red this Friday and those who bought calls this rally get lost.

[cougar]

imho, the tape is reminiscent of late 2010. i came in this week as a bear, but if bulls can manage a consolidation this week, more upside to 1340-1350 is quite possible. from what i can see, the majority wants a pullback for various reasons. they are short or want to get long on a dip... i have lost money this week churning on this tite low volume tape. going to wait for resolution of trend.

judging by posts here and other places "the majority want's a pull back" seems about right at least in posts. and the poll also supported that. using the weekly qqq as an example--it seems possible to hit the last (major) high we are only 1 point away. and blowing stops is a way of life in this market.

also method i used take a proposed feb down move of some sort--often (in a flat to up market) takes forever and is hugely painful in terms of losses. out of 15 events in the last 1.80 years there were 3 major failures--2 strange long ugly marginal workable events and 12 very strong wins. the main idea i get out of this is that any shorts in a flat or rising market (with this idea) are going to require epic time. as in 2-6 weeks to play out. and have a decent chance of total failure.

what's making life so hard for everyone is trying to anticipate the end of the trend. Cobra has often noted that it's best not to fight. this is a very important idea and i have watched people in 2009 and 2010 get whacked for months. these were not ignorant or stupid people--they were very decent traders most of the time (and did well in 2011 for example). many of us are very serious about working on our technical abilities--and you frequently see a lot of emotion on this and other sites with serious traders. huge amounts of energy are often expended in these situations--also people often become more solidified in their attempts and positions.

when this happens we forget what the entire basis of ta is--and that is to actually see the market. all the volume divergence etc is of importance--but whatever is going on--goes on until it changes. when it changes something else starts.

all this may seem sort of obvious or boring--but it's also key.

risk is not some actual thing entirely outside people--it's a perception based event. generally the problem in life is that what we perceive as "low risk" is not. and often what we perceive as "high risk" is not for one of several reasons. in high risk we often avoid taking action or are insanely careful if we have to proceed in spite of ourselves--hence risk is effectively lower or is hedged. what we see as low risk (example-eating a so-so diet/getting stressed etc) is higher risk for most people in.

taking my favorite example--i often cross streets in the middle (eg jaywalk) but prior to do this look around a lot for cars. i see people blindly staring at the walk light (not unlike buying and holding in 401k because the market always goes up 10% a year on average)and stepping into oncoming traffic secure because the little light told them to and they are inside the lines. sadly many people in cars mess up at stoplights and crosswalks. so what is most dangerous? and why is it dangerous or not?

so bottom line is no matter how solid our trading and ta work is--keep an eye on the things that "aren't important" such as ignoring oncoming trucks and getting "emotional"or thinking we are not getting "emotional".

ps--i have seen on this and other sites the idea that there are few buyers (eg divergences prove this) but there are also few sellers and this idea has shown up no place i saw. one interesting survey from bac (institutional investors" risk-on in 2012") shows that 3% of "asset allocation specialists" (oh man) with 818 billion in assets figure the global economy would weaken in the next 12 months. you hate seeing that skew esp with a title like AAS. other stories indicated last year was the worst in a while for hedge funds and that mutual funds suffered hard core withdrawals. maybe the AAS guys coupled with the mutual fund guys mean we go to 1500--but 3%?

good luck with your trades

Yeah… Those bad drivers can mess you up...

A friend of mine was at the Milano Airport, getting his rental car in the parking lot, when he saw that super-cute blonde crying next to a car. It turned out that she was American and couldn’t drive a stick shift - the only car available…
So, my friend changed his itinerary, drove her around for one month, took her to the fanciest places…and married her. Later, she drove him nuts and took him to the cleaners… Obviously, she knew well how to get there..

[soku]

where is cobra. he is in hibernating mode when i ask for Red envelope?
cobra, where is my red envelope or red packet (known as hóngbāo in Mandarin, Ang Pao in Min Nan, Lai See in Cantonese, Sae Bae Don (세뱃돈/歲拜돈) in Korean, and Lì Xì in Vietnamese)

[tdo722]

/es turned around at 78.6 which is the bear cross.

[newbie_77]

XMan,
great position . you closed the prior short or added again?

Sit and wait game plan = Going to the gym

My short position just got executed: $130.25

[SB73]

I have paid attention to the wizard. He is solid like Cobra in that he can easily move back and forth between bull and bear something that I am trying to master.

[BullBear52x]

imho, t

good luck with your trades

Yeah… Those bad drivers can mess you up...

A friend of mine was at the Milano Airport, getting his rental car in the parking lot, when he saw that super-cute blonde crying next to a car. It turned out that she was American and couldn’t drive a stick shift - the only car available…
So, my friend changed his itinerary, drove her around for one month, took her to the fanciest places…and married her. Later, she drove him nuts and took him to the cleaners… Obviously, she knew well how to get there..

good one, I though I got her good too

[Al_Dente]

PAGING SWALSH
Please don’t stray off to another board. Please stay right here and keep on posting.
We have an awful lot of other “smart cookies” right here on board; hopefully you’ve noticed.

PS: Also applies to Taggard, SB73, KeiZei AND MANY OTHERS (especially old timers on board) you know who u are, we appreciate u. No bs

BTW: would u care for a nice plate of spaghetti for lunch?

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15