02/16/2012 Intraday Watering

[Cobra]

bulls get chances this time I guess.

[TWT]

SPX: Maye an ED wave (c) is in progress

(thewavetrading.com)

[KeiZai]

Mels info: Bulls: 14 extreme ticks and bears: 5 extreme ticks. 77% pos ticks. $SPX Net Advancing is 215. Range is 5.94. We are at 89.4% of Range.

The NYSE Net Advancing is 541 and the down volume is 1.1 to one. The NASDAQ Net Adv is 571 and the up volume is 1.8 to one

UPDATE
Bulls: 27 extreme ticks and bears: 6 extreme ticks. 68% pos ticks. $SPX Net Advancing is 254. Range is 7.57. We are at 89.2% of Range.
The NYSE Net Advancing is 947 and the up volume is 2.3 to one. The NASDAQ Net Adv is 963 and the up volume is 1.6 to one.

[waverider]

shorted here via IWM

[SWalsh]

Possible expanding triangle:

[Petsamo]

News stirring up the markets ?

[Al_Dente]

ATTEMPTING
2nd sqz of the day on dow
HPQ
XOM
DD
VZ
1st sqz attempt AA, CVX, others

[jarbo456]

Guess yesterday was just a sucker day for bears. Hard for me to monitor as I'm on my way to Salt Lake City, but still following this board - and getting decent market color.

[Cobra]

overshot, biggest bar and volume surge, so could see pullback here, then more up.

[Al_Dente]

5 min internals update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256816464

[Al_Dente]

1min
Bots bought
Nyadv magic number, MUST hold >2000
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

[waverider]

Stopped out even. AUD/JPY now squeezing like crazy near resistance

[SB73]

Senor Petsamo,

I see a cup and handle on UNG. I am in at 5.36 with a stop at $5.21 and a target of 5.68 which may take a couple of days.

Senor Al,

Out of TVIX at 19.50 she gave me some gains, but time to look for something else for awhile.

[BullBear52x]

Here is another corner if you are trading channeling type.

[KENA]

This mkt is just sideways..Anyone holding options like puts and calls loose over the Jan-Feb time span just due to time decay.. Like it or not they got ya.

[SWalsh]

SPX: Maye an ED wave (c) is in progress

(thewavetrading.com)

You have (A) and (B) on the chart. Where do you have (C)? At (W/1)? That would make C 3.35x the length of wave (A). 2.618 in an expanded flat is extremely rare so I'm thinking (B) is part of a triangle at this point in time and the rally is making it look like the expanding triangle in ES is the most likely count now, IMO.

[ClarkW]

Long some VELT once it broke the TL

[SWalsh]

I found him!

This mkt is just sideways..Anyone holding options like puts and calls loose over the Jan-Feb time span just due to time decay.. Like it or not they got ya.

I think some of the biggest money over the last 18-24 months, and possibly the BIGGEST money, has been made grinding these 2x and 3x ETF to the ground and selling premium.

[Petsamo]

Senor Petsamo,
I see a cup and handle on UNG.

I don't see a cup n handle

[BullBear52x]

Intraday: Risky, I am shorting now. see my blog on /ES update. got to run out side. I think HOD is here or close. later.