tag:blogger.com,1999:blog-6135767210188526078.post5104713229964630350..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Charts I'm Watching: March 14, 2012pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6135767210188526078.post-34725153964706846582012-03-15T09:01:57.035-04:002012-03-15T09:01:57.035-04:00Thanks for letting us know.Thanks for letting us know.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-12622915118098198302012-03-15T08:59:50.566-04:002012-03-15T08:59:50.566-04:00I called my broker this morning. He says it is MOC...I called my broker this morning. He says it is MOC orders for NYSE. pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-33023844138599194882012-03-14T20:30:15.137-04:002012-03-14T20:30:15.137-04:00 I don't know the answer to that. Anyone else... I don't know the answer to that. Anyone else out there know?pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-47233940244540034582012-03-14T20:29:09.940-04:002012-03-14T20:29:09.940-04:00No need to apologize...it's a good question. ...No need to apologize...it's a good question. I've yet to find a good, rational reason for log versus arith. As a general rule of thumb, it makes the most difference when you're talking about big price swings over long periods of time. It shows up most often on trend lines and things made from TLs like wedges, etc. I try to remember to look at both when I'm charting, just to make sure I'm not missing another important perspective. Because regardless of which is "correct," the possibility that lots of other folks are looking at it differently is something you want to take into account.<br /> pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-26798004932950763772012-03-14T19:21:09.782-04:002012-03-14T19:21:09.782-04:00Sorry - last post for today - promise.
I couldn&#...Sorry - last post for today - promise.<br /><br />I couldn't get my chart for JPM to look like your's. The TL came nowhere near the Oct 11 high. Then I realized you were using log scale. <br /><br />I searched you blog and found this from Oct 2011.<br />"So... to log or not to log? Which is correct? I'll revisit this question after the next move is resolved. In the meantime, there's a rising wedge with negative divergence with my name on it."<br /><br /><br />But I don't see where you re-visited the issue. pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-45166667584892745782012-03-14T17:08:51.403-04:002012-03-14T17:08:51.403-04:00Kinda sad if one of the world's biggest banks ...Kinda sad if one of the world's biggest banks being good to their shareholders means screwing over their customers and/or Americans in general. Sounds like vampire squid envy.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-6281381053018238402012-03-14T16:44:41.714-04:002012-03-14T16:44:41.714-04:00Totally off topic question which has been on my mi...Totally off topic question which has been on my mind for some time. Volume has been light on the stock market. Every day at market close I see one large trade in the 'time and sales' window for various stocks. This trade is anywhere from say 3-16% of the day's TOTAL volume. Often times it is outside the bid/ask spread. That boggles my mind to think that 16% of MMM's daily volume occurs in a single tick...<br /><br />On the 13th MMM's total volume was 3,107,100 shares and at 16:01 there was a trade for 504,562 shares. (It was a market hours trade).<br /><br />Is that all the 'Market-On-Close' orders all lumped together ? Is that a market maker unloading his day's work ? It drives me crazy to see the battle over a stinking penny right up until close and then see a huge trade come through at close 5 or 7 cents higher than the last trade.<br /><br />Thankspebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-80163758294698287302012-03-14T15:22:39.852-04:002012-03-14T15:22:39.852-04:00At first it bothered me a little that JPM made the...At first it bothered me a little that JPM made their announcement yesterday during market hours. Perhaps in the future the banks could learn their fate at the same time the rest of the world does. That might help prevent some firms from taking advantage of the news.<br /><br />I think Jamie Dimon is a great CEO. He certainly seems to have his shareholders in mind. Not necessarily his customers or Americans in general. He might make a very good Treasury Secretary. I read his biography a year or so back - even then he was hinting it was time to leave JPM.<br /><br />From whom did the Fed purchase the 1.75 trillion assets (band debt, MBS and Treasury notes) which made up QE1. Was it primarily Fannie and Freddie or was it banks like JPM ? If so - I think I'd prefer to see them repurchase stuff from the Fed before buying back their own stock and issuing dividends...pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-46583694568945251292012-03-14T12:09:40.233-04:002012-03-14T12:09:40.233-04:00That's the way the waves look to me, but...
#...That's the way the waves look to me, but...<br /><br />#1 I am not an Elliott Wave expert and <br />#2 Those who are would tell you that sometimes things are not what they seem.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-87685512686384809322012-03-14T12:06:54.985-04:002012-03-14T12:06:54.985-04:00So if RUT falls through 821, it will be less likel...So if RUT falls through 821, it will be less likely for it to make it to 838 right?pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-44024160814910166152012-03-14T12:00:35.424-04:002012-03-14T12:00:35.424-04:001399.42 is absolutely high enough... but it is OPE...1399.42 is absolutely high enough... but it is OPEX. Don't be surprised if there's one last little bump into Friday. I'm already short, so it's all good...<br /><br />It'll be interesting to see if RUT holds 821 -- the last little wave top. If so, I can easily imagine putting in a higher low and ramping up a few more points to tag the 838-843 area.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-8252574033670247752012-03-14T11:53:47.798-04:002012-03-14T11:53:47.798-04:00dollar is up and VIX is also waking up. Though we ...dollar is up and VIX is also waking up. Though we didn't tag 1401, but 1399.42 should be good enough for a REAL reversal, right? RUT does look esp weak today thoughpebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.com