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The Really Useless Thread

  • #59,341
  • Edited 10:34am Feb 21, 2012 10:11am | Edited 10:34am
Quoting Piters
It is all About DJII @ 13000,
expected level for today..

move like this.. creates Bearish divergence on almost every instrument.. and with that: a possibility of a reversal..
we got the last high 332x area... that's daily atr also.. if we get there.. a tired candle should yield 3252 ... but since the usdx has a mimic tl on the weekly already bottomed. a better bounce may = a eu top. if not, we may have to wait for 4$ gas
those who can, do. those who cant, talk about those who can
  • #59,342
  • Feb 21, 2012 10:16am Feb 21, 2012 10:16am
Quoting attila
Those are good, not saying... However they screw you over in a range play...
They do and they don't. They offer the same r/r setups. But, leaving the range play is when I will be wrong on them. When it blows the lid or bottom off of the range.

This is acceptable to me.
  • #59,343
  • Feb 21, 2012 10:20am Feb 21, 2012 10:20am
Quoting Gleneagles
Pulling the plug for the day


got 2 dustbins in ... trying one more here but looking pretty flaky though
  • #59,344
  • Feb 21, 2012 10:23am Feb 21, 2012 10:23am
It looks toppy, so nap time....
  • #59,345
  • Feb 21, 2012 10:28am Feb 21, 2012 10:28am
Before I go, lemme remind you of my favorite 5 min long reversal pattern. I talked about it yesterday..

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 74 KB
  • #59,346
  • Feb 21, 2012 10:28am Feb 21, 2012 10:28am
bastard pattern in 1hr chart.
  • #59,347
  • Feb 21, 2012 10:29am Feb 21, 2012 10:29am
Quoting pkimnyc
the markets are dooshy bastards.
FTFY.
  • #59,348
  • Feb 21, 2012 10:31am Feb 21, 2012 10:31am
eu out lets see what the big ass's will do

oh gold is horny
  • #59,349
  • Feb 21, 2012 10:31am Feb 21, 2012 10:31am
Quoting Piters
It is all About DJII @ 13000,
expected level for today..

move like this.. creates Bearish divergence on almost every instrument.. and with that: a possibility of a reversal..
i had the s/p target to 1381.5 min..
dow using another method above 1300.. have to watch it in the 1333x area.
Attached Image
those who can, do. those who cant, talk about those who can
  • #59,350
  • Feb 21, 2012 10:32am Feb 21, 2012 10:32am
Quoting gatorinla
we got the last high 332x area... that's daily atr also.. if we get there.. a tired candle should yield 3252 ... but since the usdx has a mimic tl on the weekly already bottomed. a better bounce may = a eu top. if not we may have to wait for 4$ gas
YUP.. 13000 hit.. DJII made 100% since Obama took the office..
the Strongest Pre election Message..

If yuo look on the charts.. lots of them [instruments] are very heavy..

GOLD broke up.. even took teh FE 100 level [1750] and developing a nice cup pattern..

EUR if reverse here.. after very choppy 4h chart.. we actualy may see an H/S here on 1h..

DJII, EUR, GOLD.. they are all having bearish div with this move..

I think they PARTY is about to begin..
  • #59,351
  • Feb 21, 2012 10:33am Feb 21, 2012 10:33am
headnshouldersinsidecandlespikebearishdojiresistancepossiblebatupndownthepivotpointdayclosebelowopenweallgotohellitsgottoretraceatsomepoint
  • #59,352
  • Feb 21, 2012 10:34am Feb 21, 2012 10:34am
Quoting Piters
YUP.. 13000 hit.. DJII made 100% since Obama took the office..
the Strongest Pre election Message..

If yuo look on the charts.. lots of them [instruments] are very heavy..

GOLD broke up.. even took teh FE 100 level [1750] and developing a nice cup pattern..

EUR if reverse here.. after very choppy 4h chart.. we actualy may see an H/S here on 1h..

DJII, EUR, GOLD.. they are all having bearish div with this move..

I think they PARTY is about to begin..
Not to mention, the last month has felt like there have been sellers every step of the way up here. Let's see if we can crack a new high or not.
  • #59,353
  • Feb 21, 2012 10:37am Feb 21, 2012 10:37am
Quoting Piters
YUP.. 13000 hit.. DJII made 100% since Obama took the office..
the Strongest Pre election Message..

If yuo look on the charts.. lots of them [instruments] are very heavy..

GOLD broke up.. even took teh FE 100 level [1750] and developing a nice cup pattern..

EUR if reverse here.. after very choppy 4h chart.. we actualy may see an H/S here on 1h..

DJII, EUR, GOLD.. they are all having bearish div with this move..

I think they PARTY is about to begin..

what about %3-5 correction from here with low risk
  • #59,354
  • Feb 21, 2012 10:38am Feb 21, 2012 10:38am
Quoting Piters
YUP.. 13000 hit.. DJII made 100% since Obama took the office..
the Strongest Pre election Message..

If yuo look on the charts.. lots of them [instruments] are very heavy..

GOLD broke up.. even took teh FE 100 level [1750] and developing a nice cup pattern..

EUR if reverse here.. after very choppy 4h chart.. we actualy may see an H/S here on 1h..

DJII, EUR, GOLD.. they are all having bearish div with this move..

I think they PARTY is about to begin..
Agree Piters with your views ...I would only add that DAX hasn't yet reach R [7000x for reference] (the only one from the macro markets) that still has room to add oxygen across the board before "profit taking", after we will need refueling in my books especially in stocks and indices where pullback is due.

We'll see but tomorrow Frank/London open can be telling for that, especially after the French/German numbers...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #59,355
  • Feb 21, 2012 10:39am Feb 21, 2012 10:39am
Quoting AllyB


got 2 dustbins in ... trying one more here but looking pretty flaky though
looks like range filled for the day , will fill glass with ice and cocktail over here
" Never let the past hold the future to ransom "
  • #59,356
  • Feb 21, 2012 10:39am Feb 21, 2012 10:39am
Quoting Piters

EUR if reverse here.. after very choppy 4h chart.. we actualy may see an H/S here on 1h..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #59,357
  • Feb 21, 2012 10:41am Feb 21, 2012 10:41am
Quoting Magix


wise man how u feel bro
  • #59,358
  • Feb 21, 2012 10:42am Feb 21, 2012 10:42am
Quoting kill56
wise man how u feel bro
Meh...

How ya keepin killer?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #59,359
  • Feb 21, 2012 10:46am Feb 21, 2012 10:46am
Quoting Magix
Meh...

How ya keepin killer?

its hard to deal with the horny bastards


all good bro, did u finsh working on u ea yet
  • #59,360
  • Feb 21, 2012 10:47am Feb 21, 2012 10:47am
Quoting gatorinla
i had the s/p target to 1381.5 min..
dow using another method above 1300.. have to watch it in the 1333x area.
2 charts, they speak themself..

13000 magic Touch..we saw a huge drop today on first half hour on DJII after the initial opening Spike.. but Wall Street just push that barrier to touch 13000.

Look at all charts.. EUR, GOLD, Silver.. you can see the same..

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DJII60.png Size: 65 KB
Click to Enlarge Name: DJII240.png Size: 72 KB
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