Comments on: Intraday Commentary ~ 11/19/2009 http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/ The Focal Point for All Traders Thu, 29 Jul 2010 11:28:53 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: nastrades http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95924 nastrades Sun, 22 Nov 2009 17:50:36 +0000 http://www.stocktock.com/?p=18933#comment-95924 A Taxpayer's Must Read: The Fed Waltz With AIG http://www.cnbc.com/id/34091840 A Taxpayer’s Must Read: The Fed Waltz With AIG

http://www.cnbc.com/id/34091840

]]> By: Paul http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95712 Paul Fri, 20 Nov 2009 14:03:17 +0000 http://www.stocktock.com/?p=18933#comment-95712 Where in fuck is aidsdan and woo? I know they are getting married (not that there is anything wong with that). Zee, u the 'ring boy'? Where in fuck is aidsdan and woo? I know they are getting married (not that there is anything
wong with that).
Zee, u the ‘ring boy’?

]]> By: GBT http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95700 GBT Fri, 20 Nov 2009 07:21:52 +0000 http://www.stocktock.com/?p=18933#comment-95700 Interesting article. I'm amenable to most of his ideas save one. Putting EWT in the same category as astrology. That I think is going too far. Interesting article. I’m amenable to most of his ideas save one. Putting EWT in the same category as astrology. That I think is going too far.

]]> By: Fritz http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95698 Fritz Fri, 20 Nov 2009 04:37:54 +0000 http://www.stocktock.com/?p=18933#comment-95698 Read "Elliott and Me" on Carl Futia's blog: http://carlfutia.blogspot.com/ That's why I usually ignore EW for short term analysis. Read “Elliott and Me” on Carl Futia’s blog: http://carlfutia.blogspot.com/

That’s why I usually ignore EW for short term analysis.

]]> By: Fritz http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95697 Fritz Fri, 20 Nov 2009 04:31:05 +0000 http://www.stocktock.com/?p=18933#comment-95697 Stocks that triggered "sell" today: DD, MSFT (second time in 6 sessions), GG (or G.TO), and ABX (or ABX.TO). Stocks that triggered “sell” today: DD, MSFT (second time in 6 sessions), GG (or G.TO), and ABX (or ABX.TO).

]]> By: Chacro (LONG MWJ) http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95695 Chacro (LONG MWJ) Fri, 20 Nov 2009 03:57:28 +0000 http://www.stocktock.com/?p=18933#comment-95695 Who cares what the president says? Who cares what "analysts" say. As for the elliott wave comment, do you mean P2 and P3? A popular count is that this is currently P2 and P3 will take us to new lows. However, if the elliott wave forecasters can't predict waves on the short or intermediate term, I find it hard to believe they would be any more accurate in the long term. The theory holds that the waves have a fractal relationship, so you can look at them over any time frame and should be able to predict the wave structure. The problem with EW is that the rules are so loose that there are many possible counts. All you can hope to achieve is increasing your probability of success. Who cares what the president says? Who cares what “analysts” say.

As for the elliott wave comment, do you mean P2 and P3? A popular count is that this is currently P2 and P3 will take us to new lows.

However, if the elliott wave forecasters can’t predict waves on the short or intermediate term, I find it hard to believe they would be any more accurate in the long term. The theory holds that the waves have a fractal relationship, so you can look at them over any time frame and should be able to predict the wave structure. The problem with EW is that the rules are so loose that there are many possible counts. All you can hope to achieve is increasing your probability of success.

]]> By: jdub http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95694 jdub Fri, 20 Nov 2009 03:41:42 +0000 http://www.stocktock.com/?p=18933#comment-95694 Thanks for putting this on my radar. FCX, for the most part moves with Gold and Copper futures and to a lesser extent the GDX. This could start to move lower. I'm seeing a bearish divergence on its DPO. Higher high on stock price (high on 11/18 high vs. high on 11/11) yet DPO made a lower high on 11/18. Also, compare the open interest on Dec. puts vs. Dec. calls. Lastly, it's trading aroudn the 61.8% fib from July '08 high to Dec. '08 low. Pullback could be imminent. I'll be closely watching short-medium term EMAs and once it starts to flatten out, I will open 1/2 short position. Thanks for putting this on my radar.

FCX, for the most part moves with Gold and Copper futures and to a lesser extent the GDX. This could start to move lower. I’m seeing a bearish divergence on its DPO. Higher high on stock price (high on 11/18 high vs. high on 11/11) yet DPO made a lower high on 11/18.

Also, compare the open interest on Dec. puts vs. Dec. calls. Lastly, it’s trading aroudn the 61.8% fib from July ‘08 high to Dec. ‘08 low. Pullback could be imminent. I’ll be closely watching short-medium term EMAs and once it starts to flatten out, I will open 1/2 short position.

]]> By: jdub http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95693 jdub Fri, 20 Nov 2009 03:17:36 +0000 http://www.stocktock.com/?p=18933#comment-95693 Decided to hold this overnight after seeing how it trader AH. Will def. get rid of this in the pre-market unless I see a big jump before the markets open. Either way, I will be out of this thing by 9:45 tops hopefully with a decent profit. Decided to hold this overnight after seeing how it trader AH. Will def. get rid of this in the pre-market unless I see a big jump before the markets open. Either way, I will be out of this thing by 9:45 tops hopefully with a decent profit.

]]> By: Pete http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95692 Pete Fri, 20 Nov 2009 02:42:19 +0000 http://www.stocktock.com/?p=18933#comment-95692 Yesterday, Obama told Fox News “Too much debt could fuel double-dip recession CAREN BOHAN | BEIJING, CHINA – Nov 18 2009 13:30". When President gave such kind of warning, it really worrys me. On another side, analyst talked about the year end rally like last Christmas. Is possible that stock market will move up toward the end of this year and big tank 1st quarter of next year? Fritz is planning to hold short position for longer term. Elliottwave guys analyse long term trend and said it is still in P1. I know several traders here are very good at market timing if anyone can predict when down trend P2 will happen, and how much it will be down? Yesterday, Obama told Fox News “Too much debt could fuel double-dip recession CAREN BOHAN | BEIJING, CHINA – Nov 18 2009 13:30″. When President gave such kind of warning, it really worrys me. On another side, analyst talked about the year end rally like last Christmas. Is possible that stock market will move up toward the end of this year and big tank 1st quarter of next year? Fritz is planning to hold short position for longer term.

Elliottwave guys analyse long term trend and said it is still in P1. I know several traders here are very good at market timing if anyone can predict when down trend P2 will happen, and how much it will be down?

]]> By: Fritz http://www.focalequity.com/2009/11/19/intraday-commentary-11192009/comment-page-2/#comment-95691 Fritz Fri, 20 Nov 2009 02:21:38 +0000 http://www.stocktock.com/?p=18933#comment-95691 Wow, great participation on stocktock in the after-hours. :) My system fired "sell" on the DOW and SPX. Nasdaq missed the signal by 3 points (from HOD), so it'll have to wait. I don't adjust the criteria just to get what I want to see, so a miss is a miss. That said, both the DOW and SPX locked in the last "sell" signal on October 12 2007, while the Nasdaq only locked it in on October 31 2007. Since my system sniffs for weakening of existing trend, a "sell" signal means the existing uptrend is losing steam. I will still respect it, but I will be more aggressive with "short and hold" now. I will only trade from tomorrow to next Wednesday. Black Friday hasn't been bear friendly and low volume destroys volatility for options players. I will close swing trade positions on December 1 2009. I will not trade between December 1 and January 4 except holding my long term short positions into September 2010. By December 7 I should have enough data to map out the next 10 months. I am updating my system to see if more stocks locked in "sell" signals. Wow, great participation on stocktock in the after-hours. :)

My system fired “sell” on the DOW and SPX. Nasdaq missed the signal by 3 points (from HOD), so it’ll have to wait. I don’t adjust the criteria just to get what I want to see, so a miss is a miss. That said, both the DOW and SPX locked in the last “sell” signal on October 12 2007, while the Nasdaq only locked it in on October 31 2007.

Since my system sniffs for weakening of existing trend, a “sell” signal means the existing uptrend is losing steam. I will still respect it, but I will be more aggressive with “short and hold” now. I will only trade from tomorrow to next Wednesday. Black Friday hasn’t been bear friendly and low volume destroys volatility for options players.

I will close swing trade positions on December 1 2009. I will not trade between December 1 and January 4 except holding my long term short positions into September 2010. By December 7 I should have enough data to map out the next 10 months.

I am updating my system to see if more stocks locked in “sell” signals.

]]>