Posted by dodgerdog on 2nd of Jul 2009 at 10:22 pm
I just wanted to wish everyone here a Happy and Safe
Holiday. Please be aware that I will be out next week and
thus will not be responding to questions - take it easy on
Matt. Thanks to everyone for their input and support which
helps to make this site so informative.
Posted by dodgerdog on 2nd of Jul 2009 at 12:00 pm
Great feedback - watch those areas and then look for a trigger
on very ST term charts to buy (but this would only be for a quick
trade since it's counter trend).
Posted by dodgerdog on 2nd of Jul 2009 at 09:26 am
Remember to employ a 15 - 20 min
gap
rulei.e. see how the
market holds up the 1st 15 - 20 min i.e.
Draw 2 horizontal lines; one at the lows and one at the highs
of the first 15 - 20 min. If the market can stay above the 15 min
high candle bar, the it is considered positive and the gap could
possibly hold up for the day , however if the market falls below
the 15 min low, then the likelihood of the gap fading increases
greatly. Realize that this is just a technique only and
doesn't work all the time!
Posted by dodgerdog on 2nd of Jul 2009 at 09:22 am
Evidently, you have not read the required material on the
Watchlist. Please read this section before entering trades
since it is filled with guidelines on gap openings and many other
suggestions.
rkelman - an objective short (with a stop just above) would be
near the top of the channel (see my post below). You should
look for a trigger on a shorter term chart to enter. Matt
showed one example of a trigger in last nights update.
Posted by dodgerdog on 2nd of Jul 2009 at 09:10 am
Yes but we've had a few Outstanding Days on the Watchlist and
Trade Ideas - My suggestion is to diversify and by trading the
mechanical systems and several picks on the watchlist and or trade
ideas.
steve- if we do get one more push up to complete
wave 5 on your 15 min chart, that would likely push the VIX
down to the bottom of this falling wedge which is getting close to
the normal break-out range (in relation to the apex).
coincidentally, or not, if broken up soon, this wedge projects to
that green R zone which is nice horizontal R on the VIX.
would be quite the pullback in the market if it plays out.
Previously posted by dodgerdog (Title: SPX 15 Short Term
View) :(
toggle)
The community is delayed by three days for non registered users.
All Index Snapshot
Posted by dodgerdog on 3rd of Jul 2009 at 09:28 pm
SPX 15
Posted by dodgerdog on 3rd of Jul 2009 at 05:18 pm
Happy 4th of July to All
Posted by dodgerdog on 2nd of Jul 2009 at 10:22 pm
I just wanted to wish everyone here a Happy and Safe Holiday. Please be aware that I will be out next week and thus will not be responding to questions - take it easy on Matt. Thanks to everyone for their input and support which helps to make this site so informative.
Steve
TWM
Posted by dodgerdog on 2nd of Jul 2009 at 04:47 pm
TTWO
Posted by dodgerdog on 2nd of Jul 2009 at 12:34 pm
Could be a scalp long above 10 with a gap to fill overhead - remember it's countertrend.
We need to give credit
EOG Great Find guys!!!!!
Posted by dodgerdog on 2nd of Jul 2009 at 12:31 pm
We need to give credit for EOG to one of our members paige who brought it to my attention last night. It looked just like my APA.
Thanks Paige.
Great feedback - watch those
Scalpers, entry point
Posted by dodgerdog on 2nd of Jul 2009 at 12:00 pm
Great feedback - watch those areas and then look for a trigger on very ST term charts to buy (but this would only be for a quick trade since it's counter trend).
Buy at least some yesterday.
ERY
Posted by dodgerdog on 2nd of Jul 2009 at 11:10 am
Buy at least some yesterday.
Remember to employ a 15
Matt and Steve, thoughts were this was going to be ...
Posted by dodgerdog on 2nd of Jul 2009 at 09:26 am
Remember to employ a 15 - 20 min gap rulei.e. see how the market holds up the 1st 15 - 20 min i.e.
Draw 2 horizontal lines; one at the lows and one at the highs of the first 15 - 20 min. If the market can stay above the 15 min high candle bar, the it is considered positive and the gap could possibly hold up for the day , however if the market falls below the 15 min low, then the likelihood of the gap fading increases greatly. Realize that this is just a technique only and doesn't work all the time!
Evidently, you have not read
Matt and Steve, thoughts were this was going to be ...
Posted by dodgerdog on 2nd of Jul 2009 at 09:22 am
Evidently, you have not read the required material on the Watchlist. Please read this section before entering trades since it is filled with guidelines on gap openings and many other suggestions.
Here is what I said
Matt and Steve, thoughts were this was going to be ...
Posted by dodgerdog on 2nd of Jul 2009 at 09:15 am
Here is what I said yesterday to you:
We certainly got close to the upper channel which was an objective area to short for swing traders. Follow the 15 minute rule on today's open.
matt did you get out yesterday or are you still short> if not where would you short on the spx?
SPX daily - key support for the bulls is 879
SPX daily chart
SPX 10 min Renko Dynamic
SPX 5 min Renko
GDX 10 min Renko Dynamic
SPX 15 min
SPX 10 min
SPX 60 min
SPX 60 min #2
Nasdaq 60 min - triangle
SPX - 5 min
TICK 5 min with SPX
Now the Fibonacci retracments ont he charts below
SPX 15 min
Nasdaq 15 min
NDX 15 min
------
Others
Gold metal daily
KRE - weak bank stock, look to short bounces
BKX 30 min
GDX 60 min chart
rkelman - an objective short (with a stop just above) would be near the top of the channel (see my post below). You should look for a trigger on a shorter term chart to enter. Matt showed one example of a trigger in last nights update.
This chart implies a double
Dow 15 - Possible Scneario
Posted by dodgerdog on 2nd of Jul 2009 at 09:12 am
This chart implies a double zig zag (ABC X ABC) - a break below the previous lows would add credence to this scenario.
Very well done ditch -
gold
Posted by dodgerdog on 2nd of Jul 2009 at 09:10 am
Very well done ditch - you got the chart to open in a new window.
Yes but we've had a
systems on or off?
Posted by dodgerdog on 2nd of Jul 2009 at 09:10 am
Yes but we've had a few Outstanding Days on the Watchlist and Trade Ideas - My suggestion is to diversify and by trading the mechanical systems and several picks on the watchlist and or trade ideas.
The charts we presented last
Matt and Steve, thoughts were this was going to be ...
Posted by dodgerdog on 2nd of Jul 2009 at 08:56 am
The charts we presented last night certainly had a bearish tone - it may be a light volume but that doesn't mean we can't see some big moves.
SPX 60 Update from Earlier Today
Posted by dodgerdog on 1st of Jul 2009 at 11:39 pm
Dow 15 - Possible Scneario
Posted by dodgerdog on 1st of Jul 2009 at 11:34 pm
Re Post from Early June
High Frequency Trading is 60% of the market -- What happens if they go away one afternoon?
Posted by dodgerdog on 1st of Jul 2009 at 10:38 pm
steve- if we do get one more push up to complete wave 5 on your 15 min chart, that would likely push the VIX down to the bottom of this falling wedge which is getting close to the normal break-out range (in relation to the apex). coincidentally, or not, if broken up soon, this wedge projects to that green R zone which is nice horizontal R on the VIX. would be quite the pullback in the market if it plays out.
I will be keeping a lookout for the Hindeburg Omen since NO MAJOR DECLINE has started without one over the past 25 years. Needless to say, one did occur at the start of Primary Wave A down.
Here is the criteria for the Hindenburg Omen: (you may want to save this)
That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of the total NYSE issues traded that day.
That the smaller of these numbers is greater than 75. (This is not a rule but a function of the 2.2% total issues)
That the NYSE 10 Week Moving Average is RISING.
That the McClellan Oscillator is NEGATIVE on that same day.
That the number of NEW 52 Week Highs cannot be more than twice the NEW 52 Week Lows. This condition is mandatory.
If we get a Hindenburg
High Frequency Trading is 60% of the market -- What happens if they go away one afternoon?
Posted by dodgerdog on 1st of Jul 2009 at 10:37 pm
If we get a Hindenburg Omen on the next rally phase - I would become very cautious since this signal has ALWAYS preceded every major decline.
Well - LIFE getting smacked
LIFE
Posted by dodgerdog on 1st of Jul 2009 at 04:30 pm
Well - LIFE getting smacked because of the news on ILMN which wasn't good. Sorry, should of posted earlier here.