coolhand's Account Talk

[coolhand]

http://www.bloomberg.com/apps/news?pid=20601087&sid=alRDo9o4K6fc&pos=7

 

[coolhand]

http://www.bloomberg.com/apps/news?pid=20601068&sid=aGlpUf8LoFjw

 

[Uptrend]

Blah Blah Blah Seems to me that Bloomburg has been reporting all kinds of "glowing news" lately, compared to other news services, being biased towards recovery. Kind of suspicious.

 

[Birchtree]

Gents, only 57 more points on the Transports for a new yearly high - that would be a Dow Theory secondary confirmation on the buy side. I felt those panic buying angsts this morning but it worked out fine. Another nice M&A to attract attention.

 

[coolhand]

Blah Blah Blah Seems to me that Bloomburg has been reporting all kinds of "glowing news" lately, compared to other news services, being biased towards recovery. Kind of suspicious.

I never said I traded off em'.

 

[coolhand]

http://money.cnn.com/2009/11/11/news/economy/states_economies/index.htm

 

[coolhand]

Big Government and Wall Street...

http://biggovernment.com/2009/11/11/robert-rubin-the-nexus-of-big-government-and-wall-street/

 

[coolhand]

It seems like the charts are screaming sell-off again. Can it be that easy?

View attachment 7223

 

[coolhand]

http://globaleconomicanalysis.blogspot.com/2009/11/gods-work-and-goldmans-prayer.html

 

[Show-me]

It has been that easy up until now. I feel like a idiot.

 

[Birchtree]

Nah, I think we run like off the July bottom. SPX 1160 is the first goal before a rest.

 

[Nordic]

http://globaleconomicanalysis.blogspot.com/2009/11/gods-work-and-goldmans-prayer.html

Needed that laugh

 

[JTH]

It seems like the charts are screaming sell-off again. Can it be that easy?

Just like you pointed out with the MACD. With each upswing the trend gets weaker. The ADX is very low as well.

 

[Nordic]

Will be interesting to see how that chart plays out, at some point this nifty little trend will change, either up or down. Compelling arguments for both making it a tough call. :suspicious:

 

[fedgolfer]

It seems like the charts are screaming sell-off again. Can it be that easy?

View attachment 7223

Not so clear as it appears especially with IFT deadlines. My hunch is that this run will have an embedded slow stochastic in the overbougt range as in early July. Transports and the QQQQs broke out of the pattern before the other big indicators out of the H&S in July, should be the same now (dow and qqqq's already broke out and even retested intraday)... double top in the S&P is too heavily shorted by all the short term traders, the big $ is holding as indicated by low volume. It feels like July as shorts get sucked in at every down-tick. Bearish dollar trade still going strong and probably sucked in lots of people thinking the dollar double-bottomed.

 

[coolhand]

Not so clear as it appears especially with IFT deadlines. My hunch is that this run will have an embedded slow stochastic in the overbougt range as in early July. Transports and the QQQQs broke out of the pattern before the other big indicators out of the H&S in July, should be the same now (dow and qqqq's already broke out and even retested intraday)... double top in the S&P is too heavily shorted by all the short term traders, the big $ is holding as indicated by low volume. It feels like July as shorts get sucked in at every down-tick. Bearish dollar trade still going strong and probably sucked in lots of people thinking the dollar double-bottomed.

Exactly! I like the way you think.

 

[coolhand]

Not so clear as it appears especially with IFT deadlines. My hunch is that this run will have an embedded slow stochastic in the overbougt range as in early July. Transports and the QQQQs broke out of the pattern before the other big indicators out of the H&S in July, should be the same now (dow and qqqq's already broke out and even retested intraday)... double top in the S&P is too heavily shorted by all the short term traders, the big $ is holding as indicated by low volume. It feels like July as shorts get sucked in at every down-tick. Bearish dollar trade still going strong and probably sucked in lots of people thinking the dollar double-bottomed.

I've been wondering if we'd ever see that hard (July-like) rally as depicted in this chart http://www.timingpointprojector.com/ .

It hasn't been updated recently, but it's not as far off is it may seem. Your analysis fits in very well with a stealth rally.

 

[fedgolfer]

I've been wondering if we'd ever see that hard (July-like) rally as depicted in this chart http://www.timingpointprojector.com/ .

It hasn't been updated recently, but it's not as far off is it may seem. Your analysis fits in very well with a stealth rally.

That's a little too optimistic, even for me I'll get bucked off the bull on the short term at 1150. 1101-1029=72. 72+1101=1173. But those are the wick numbers not the closes, so my guestimate is a short term top of 1150... but that is my big weakness, selling my gains in the short term. I'll need help from the smarter members.

CH, thanks for that Timing point Projection... i was looking for that the other day. Especially after watching that Paul Tudor Jones video that Bullitt posted with those guys running projections/analogs.

 

[coolhand]

If you count the trading days on that chart (forget the calendar on the bottom, it's wrong) the big up move should be starting about now and lasting about 13 trading days, ending the first week of December (the 3rd I think).

 

[fedgolfer]

Good stuff, thanks. Upper Bollinger on the QQQQs/QLD on the dailys is taking off... big white candlestick coming soon, imho.

http://stockcharts.com/h-sc/ui?s=QLD&p=D&yr=0&mn=6&dy=0&id=p52014624567