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ES and the Great POMO Rally
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ES and the Great POMO Rally

  #191 (permalink)
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Chart 1 shows an up sloping $TICK and a $TRIN reading staying below 1.00 indicating a positive divergence on the break, signaling a pullback to the VWAP and possibly the bottom trendline of the wedge

Chart 2 shows the market attempting to make a new low on two separate occasions producing a positive delta divergence and a subsequent bounce from those lows back to the VWAP

Chart 3 & 4 illustrates the downside breakout from the wedge pattern

Chart 5 illustrates a downward sloping VWAP line. If today is a trend day down, then the market will continue to pullback to the VWAP and then probe lower for new value as the day moves forward however the odds are only slightly better than 50% that we will see a trend day; Charts 6&7

Attached Thumbnails
ES and the Great POMO Rally-tick-1-min-_-add-1-min-_-trin-1-min-_-es-06-11-1-min-_-tickdj-1-min-_-ym-06-11-1-.jpg   ES and the Great POMO Rally-es-06-11-delta-3383-3_10_2011.jpg   ES and the Great POMO Rally-es-06-11-135-min-3_10_2011.jpg   ES and the Great POMO Rally-es-06-11-135-min-3_10_2011w.jpg   ES and the Great POMO Rally-es-06-11-15-min-3_10_2011.jpg   ES and the Great POMO Rally-odds.jpeg   ES and the Great POMO Rally-hvstock_odds.jpeg  
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  #192 (permalink)
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tigertrader View Post
Chart 1 shows an up sloping $TICK and a $TRIN reading staying below 1.00 indicating a positive divergence on the break, signaling a pullback to the VWAP and possibly the bottom trendline of the wedge

Chart 2 shows the market attempting to make a new low on two separate occasions producing a positive delta divergence and a subsequent bounce from those lows back to the VWAP

Chart 3 & 4 illustrates the downside breakout from the wedge pattern

Chart 5 illustrates a downward sloping VWAP line. If today is a trend day down, then the market will continue to pullback to the VWAP and then probe lower for new value as the day moves forward however the odds are only slightly better than 50% that we will see a trend day; Charts 6&7

It'll be interesting to see if we get an attempt for at least a half gap fill. Looking pretty good so far but a long way to go. Nice divergence bounce of the lows. TICK's appear to be trending higher but can't break above 800. Highest I saw was around 763.

Attached Thumbnails
ES and the Great POMO Rally-es_intraday.jpg   ES and the Great POMO Rally-tick-1-min-3_10_2011.jpg  

Last edited by Private Banker; March 10th, 2011 at 12:46 PM. Reason: Forgot to include Tick chart
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  #193 (permalink)
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It'll be interesting to see if we get an attempt for at least a half gap fill. Looking pretty good so far but a long way to go. Nice divergence bounce of the lows. TICK's appear to be trending higher but can't break above 800. Highest I saw was around 763.

1300.00-1302.00...no higher!

1298.00-1298.50 resistance
a) top of value
b) 1st SD
c) .786 fib retracement

( 1295.25 VWAP) support



Attached Thumbnails
ES and the Great POMO Rally-es-06-11-15-min-3_10_2011.jpg   ES and the Great POMO Rally-es-06-11-30-min-3_10_2011.jpg  

Last edited by tigertrader; March 10th, 2011 at 01:24 PM.
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  #194 (permalink)
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1300.00-1302.00...no higher!

Lol! I just noticed that I was looking at the march contract still. Yeah, Ticks are falling apart here. ES can't even get back to it's RTH open.

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  #195 (permalink)
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It'll be interesting to see if we get an attempt for at least a half gap fill. Looking pretty good so far but a long way to go. Nice divergence bounce of the lows. TICK's appear to be trending higher but can't break above 800. Highest I saw was around 763.


$TICK just made a lower high and a lower low and $TRIN is trying to go positive - market is getting weaker

Attached Thumbnails
ES and the Great POMO Rally-es-06-11-15-min-3_10_2011.jpg   ES and the Great POMO Rally-tick-1-min-_-add-1-min-_-trin-1-min-_-es-06-11-1-min-_-tickdj-1-min-_-ym-06-11-1-.jpg   ES and the Great POMO Rally-es-06-11-6-kase-3_10_2011.jpg  
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  #196 (permalink)
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Lol! I just noticed that I was looking at the march contract still. Yeah, Ticks are falling apart here. ES can't even get back to it's RTH open.

I'm short from higher, but I'm a huge scale up seller between 1300-1302 on an add


Last edited by tigertrader; March 11th, 2011 at 01:15 PM.
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  #197 (permalink)
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That was almost, too easy. They can go ahead and crush it now...all in.

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ES and the Great POMO Rally-es-06-11-15-min-3_10_2011.jpg  
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That was almost, too easy. They can go ahead and crush it now...all in.

Very nice indeed. Let's see if we can push through the lows. Tick's printed a -1253 on that move.

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  #199 (permalink)
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Chart 1 shows an extreme $TICK reading 900+ for 7 minutes and continued horizontal VWAP with the market probing equally higher and lower above the VWAP.

An extreme $TICK reading for an extended period of time indicates exhausted sellers and a temporary bottom - the VWAP picture suggests a trading range for the near future based on that low and the VWAP; with possible probes back above the VWAP

However, today's trading range is only 12.50 points and the 3 ADR is 18.75 /10 ADR - 17.00, so there is definitely room for a range extension late in the day.

Attached Thumbnails
ES and the Great POMO Rally-tick-1-min-_-add-1-min-_-trin-1-min-_-es-06-11-1-min-_-tickdj-1-min-_-ym-06-11-1-.jpg   ES and the Great POMO Rally-es-06-11-15-min-3_10_2011.jpg  
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  #200 (permalink)
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$TRIN near it's highs and $TICKDJ is showing weakness indicating the large caps are joining the party with the techs. DJIA is near psychological and technical support at 12,000 and a violation of this level could mean...it's time for panic in the streets.

Attached Thumbnails
ES and the Great POMO Rally-tick-1-min-_-add-1-min-_-trin-1-min-_-es-06-11-1-min-_-tickdj-1-min-_-ym-06-11-1-.jpg  

Last edited by tigertrader; March 10th, 2011 at 04:43 PM.
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