Did the "team" go to work today?
Funny how the "news" came out just as the market was breaking down.
Did the "team" go to work today?
Started by
Rogerdodger
, Feb 22 2008 10:58 PM
12 replies to this topic
#1
Rogerdodger
-
- TT Member*
-
- 26,991 posts
Member
#2
milbank
-
- TT Patron+
- 4,714 posts
Member
Posted 22 February 2008 - 11:17 PM
Did the "team" go to work today?
Funny how the "news" came out just as the market was breaking down.
No. Didn't have to. All it took was a phone call to a few of corner offices on Wall St., Broad St. and 225 Liberty St. It was the perfect day technically, to do it. The "leak" on CNBC just insured that the rest of the herd would follow.
Edited by milbank, 22 February 2008 - 11:21 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#3
selecto
-
- Traders-Talk User
- 6,871 posts
Member
Posted 22 February 2008 - 11:18 PM
The bears dropped the soap today. The saw us breaking down intraday
out of the triangle so they shorted with a stop back up inside, just like it says.
That sure fooled the boyz. Plus, bears need to learn to count to 5.
Anyway, the pattern continues to be "good."
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=2&dy=20&i=p60084935912&a=129411445&r=167.png
out of the triangle so they shorted with a stop back up inside, just like it says.
That sure fooled the boyz. Plus, bears need to learn to count to 5.
Anyway, the pattern continues to be "good."
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=2&dy=20&i=p60084935912&a=129411445&r=167.png
#4
Stickan
-
- Traders-Talk User
- 411 posts
Member
Posted 23 February 2008 - 03:47 AM
http://www.jsmineset...USEquityDan.pdf
from
http://www.jsmineset.com/
from
http://www.jsmineset.com/
Edited by Stickan, 23 February 2008 - 03:51 AM.
#5
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 23 February 2008 - 05:49 AM
Elliott Wave was telling me exactly where to get long on ES yesterday (within 1 point)...confirmed by a few other things. Was it telling me to get long because of price pattern....or was it telling me to get long because an announcement was coming? Or both? With the right TA...volatility is your friend...it's the hand that paints the picture..not the brush. 
I know this will spark one of those "Elliott Wave is useless" rants from a few....but I won't be participating. 
I know this will spark one of those "Elliott Wave is useless" rants from a few....but I won't be participating.
#6
AChartist
-
- Traders-Talk User
- 5,800 posts
Tim
Posted 23 February 2008 - 07:20 AM
Good or bad thing?
Some inside phone calls did something strange in the minute wave count around
noon and blew up the impulse, then being reset by an X wave. Bring it on.
The more they wind up the oscillators with inside trading the larger the bearish divergence.
Like Frankin said, they get the govt they deserve.
Some inside phone calls did something strange in the minute wave count around
noon and blew up the impulse, then being reset by an X wave. Bring it on.
The more they wind up the oscillators with inside trading the larger the bearish divergence.
Like Frankin said, they get the govt they deserve.
Elliott Wave was telling me exactly where to get long on ES yesterday (within 1 point)...confirmed by a few other things. Was it telling me to get long because of price pattern....or was it telling me to get long because an announcement was coming? Or both? With the right TA...volatility is your friend...it's the hand that paints the picture..not the brush.
I know this will spark one of those "Elliott Wave is useless" rants from a few....but I won't be participating.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#7
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 23 February 2008 - 08:36 AM
The inside scoop.....Ewave taps phone conversations... 
http://stockcharts.com/c-sc/sc?s=$SPX&p=1&yr=0&mn=0&dy=1&i=p51168620252&a=89521332&r=8720.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=1&yr=0&mn=0&dy=1&i=p51168620252&a=89521332&r=8720.png
#8
kidkoala
-
- Traders-Talk User
- 45 posts
Member
Posted 23 February 2008 - 11:47 AM
I have to agree. ES was acting very strange down there at 1328.50. It definitely felt like there was an invisible hand holding up the market right there whenever it wanted to break down.
#9
Rogerdodger
-
- TT Member*
-
- 26,991 posts
Member
Posted 23 February 2008 - 12:06 PM
Teaparty: "One more ABC then I'll call CNBC!"
That's hilarious. Good one!
To me it seemed like the most advertised wedge/triangle market breakdown in history.
Ray Charles was showing it to Stevie Wonder.
Andrea Bocelli was even singing about it.
That reminds me of this joke: LINK
That's hilarious. Good one!
To me it seemed like the most advertised wedge/triangle market breakdown in history.
Ray Charles was showing it to Stevie Wonder.
Andrea Bocelli was even singing about it.
That reminds me of this joke: LINK
Edited by Rogerdodger, 23 February 2008 - 12:13 PM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#10
milbank
-
- TT Patron+
- 4,714 posts
Member
Posted 23 February 2008 - 12:44 PM
http://www.jsmineset...USEquityDan.pdf
from
http://www.jsmineset.com/
By the way, to clarify my post, Merrill Lynch is the one located at 225 Liberty St. (2 World Financial Center).
Edited by milbank, 23 February 2008 - 12:45 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
