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I'm thinking just the opposite...

Posted by Palladin on 13th of Dec 2011 at 03:39 pm

I'm thinking just the opposite...

I checked my other feed, I see them there. But I would call them tails or shadows (or volatility Smile) as they originate from a candle.

FWIW, I also follow the SPY 1 min. and not seeing those spikes...

Steve, could that not be forming

SPX 4 Hour Chart

Posted by Palladin on 12th of Dec 2011 at 11:16 am

Steve, could that not be forming an IH&S to play out after a little further downside?

I don't even bother looking

SPY 5 and 1 min

Posted by Palladin on 8th of Dec 2011 at 12:20 pm

I don't even bother looking at volume lately. Low volume and the market creeps up.

went long with a tight

SPY 5 and 1 min

Posted by Palladin on 8th of Dec 2011 at 12:06 pm

went long with a tight mental stop. small position. I'm getting dizzy...

I said I woul not

SPY 5 and 1 min

Posted by Palladin on 8th of Dec 2011 at 11:56 am

I said I woul not trade today but man I am tempted to go long. Maybe after one more bounce off resistance around 1247, maybe...

make or break

Posted by Palladin on 8th of Dec 2011 at 11:42 am

oops!, she's a sinking... buying opportunity or bear trap? I will be adding to my core portfolio via stink bids but staying out of short term trading for now. The Renko's are not happy!

Agreed, but I'm prone to

short SPY

Posted by Palladin on 8th of Dec 2011 at 11:32 am

Agreed, but I'm prone to cash at this juncture

close to the truth

Posted by Palladin on 8th of Dec 2011 at 11:12 am

we need to crack up soon or the longs are buggered!

yeah Matt. Keep those 1's

down day

Posted by Palladin on 8th of Dec 2011 at 11:04 am

yeah Matt. Keep those 1's and 5's coming! Oh, don't forget to tell us when the breakout will happen Wink

down day

Posted by Palladin on 8th of Dec 2011 at 10:39 am

seems like a simple game plan today. Sold my shorts at around 1248. Stand pat for a fib retracement to around 1256 and short again. (or do nothing till Monday). Tempted to short though... also keep an eye on the USD, getting close to its resistance

the whole alarm hasn't been

Slow system

Posted by Palladin on 6th of Dec 2011 at 03:01 pm

the whole alarm hasn't been showing im my system for awhile. Just click the gray area

nah its all technicals. 1264- 1266 will

Posted by Palladin on 6th of Dec 2011 at 03:00 pm

nah its all technicals. 1264- 1266 will tell a story. To short or not too short Undecided

the contrarian in me says -the fact too many people use it, all the more reason to keep an eye on the MACD grasshopper!

kalimm, don't know if that

prechter...FYI

Posted by Palladin on 2nd of Dec 2011 at 02:19 pm

kalimm, don't know if that question was directed at me but if so, I don't  know or care what Prehcter (or anyone else for that matter) is "predicting". My own common sense and gut feeling has been doing alright by me for the last while.

But I am a gambler.

 

a good one if gold,

PNP.TO

Posted by Palladin on 2nd of Dec 2011 at 10:38 am

a good one if gold, silver and O Canada takes off!

Prechter goosed himself for what

prechter...FYI

Posted by Palladin on 2nd of Dec 2011 at 10:32 am

Prechter goosed himself for what 3 years now?

Jump off that boat while you still can...

 

 

I'm thinking 5th wave up

Posted by Palladin on 2nd of Dec 2011 at 05:59 am

I'm thinking 5th wave up and Vix near the bottom of its triangle go short big time! I'm thinking this market is hanging on by a thread and technicals. I'm thinking  we come down like a shootimg star any minute now...

I'm just thinking... had to put my dog down. Cry

 

the first one was right (genious) But I do like the alternatives...

I agree about shorting. I have to feel very very agressive before I short but I  dump them very quickly (as soon as i get some Vodka money Wink)

But i WILL short or close positions as soon as sentiment turns overly bullish! ...pretty close to that now.

 

 

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