DrStool Posted February 17, 2012 Report Share Posted February 17, 2012 Strange patterns intraday making it difficult to derive projections. 3 day cycle projection of 1368 may be applicable. 2 day cycle is in a down phase- sideways so far. If no pullback soon, look for that pop to 1368. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 17, 2012 Report Share Posted February 17, 2012 Just buying time.... Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2012 Report Share Posted February 17, 2012 Cycling is fine in northern Europe where you have a cool climate and many medium sized cities and not so much sprawl. I don't see many people cycling the 40 mile commute into Manhattan from Nassau County in July any time soon. In the US, most people drive because they have no reasonable alternative. In cities with good public transportation like NY, Philly, Boston, and Chicago, most people take the trains and subways. The idea that everybody in a car is a fat lazy slob really isn't a fair assessment. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2012 Report Share Posted February 17, 2012 Not to say that there aren't fat lazy slobs driving Escalades. Link to comment Share on other sites More sharing options...
zero_value Posted February 17, 2012 Report Share Posted February 17, 2012 Just buying time.... There is not a single trade long or short, option or otherwise at the moment. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2012 Report Share Posted February 17, 2012 5 day cycle indicator goes to the sell side on hourly chart. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2012 Report Share Posted February 17, 2012 I can't get too excited yet. The initial 2 day cycle projection is only 1357. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 17, 2012 Report Share Posted February 17, 2012 Not to say that there aren't fat lazy slobs driving Escalades. Chances are there are probably quite a few of them, considering that most Americans have some type of weight issue. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 17, 2012 Report Share Posted February 17, 2012 Nasdaq and crapple leading lower, just a matter of if it will lead to anything considering it is opex. Crapotle has obvious support around the 500. Unless below there, probably just meaningless meandering. Also, has an area at 497 as potential support.... Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2012 Report Share Posted February 17, 2012 The 8-13 day cycle, which has been pretty dormant lately, is also due to roll over here. This is the bears best shot to get it going. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 17, 2012 Report Share Posted February 17, 2012 There is not a single trade long or short, option or otherwise at the moment. I'm still holding my ES short from 1351. Had a 16 pointer, but figure i was going for a bigger fish this time. "should" had booked it. Link to comment Share on other sites More sharing options...
capitall Posted February 17, 2012 Report Share Posted February 17, 2012 Cycling is fine in northern Europe where you have a cool climate and many medium sized cities and not so much sprawl. I don't see many people cycling the 40 mile commute into Manhattan from Nassau County in July any time soon. In the US, most people drive because they have no reasonable alternative. In cities with good public transportation like NY, Philly, Boston, and Chicago, most people take the trains and subways. The idea that everybody in a car is a fat lazy slob really isn't a fair assessment. Those 4 may be the only cities in the U.S. with decent public transportation. I find it to be rare in the U.S. You might think that somewhere like Seattle, where people recycle obsessively, would have decent public transportation. Au contraire. The transportation system is good only for a very few routes. E.g. you can get from downtown to anywhere. You can get from anywhere to downtown. But it takes forever to get from Point A to Point B, neither of which is downtown. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 17, 2012 Report Share Posted February 17, 2012 Those 4 may be the only cities in the U.S. with decent public transportation. I find it to be rare in the U.S. You might think that somewhere like Seattle, where people recycle obsessively, would have decent public transportation. Au contraire. The transportation system is good only for a very few routes. E.g. you can get from downtown to anywhere. You can get from anywhere to downtown. But it takes forever to get from Point A to Point B, neither of which is downtown. I prefer the country side. Can't stand the cities. Nothing better than being on a chopper, out in the wilderness, in the middle of nowhere. Where if you gotta take a leak, you just pull over and spray the boots.... Link to comment Share on other sites More sharing options...
psyche doctor Posted February 17, 2012 Report Share Posted February 17, 2012 Crapotle support levels above the previous low: Link to comment Share on other sites More sharing options...
zero_value Posted February 17, 2012 Report Share Posted February 17, 2012 I'm still holding my ES short from 1351. Had a 16 pointer, but figure i was going for a bigger fish this time. "should" had booked it. Flat, took a loss on SP1340 puts and VXX long stock, have a GTC on long TVIX @ 14.27 Link to comment Share on other sites More sharing options...
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