08/02/2011 Intraday Watering

[Petsamo]

Well fellas, I hope that was the SPX bottom, for now.

[99er]

Hey, Ben...
SPX http://99ercharts.blogspot.com/2011/08/spx_2214.html

Worried yet?

[WhyNot]

Hey Guys.

VIX Dropping.

I personally like this indicator. Short-term Bottom?

[cougar]

If THEY lift significantly the indices into close, I will buy VIX Sep calls.
Target low for VIX = 22.6. So far, LOD = 22.65, early morning.

[Cobra]

testing neckline, just info.

[ballatines]

not quite sure why VIX is not shooting high today ~ are there anything that i missed? it make me think the market won't be too bad but it is not.

[Tabby]

not quite sure why VIX is not shooting high today ~ are there anything that i missed? it make me think the market won't be too bad but it is not.

sometimes I wonder about VIX.

[hdenandy]

Thanks to all for the great analysis here.
Watching with interest from here in the UK.

I've decided to have a punt and bought the Dow at 11938 at £10 per point.

[uempel]

testing neckline, just info.

Cobra, to my eyes the big 2011 H&S is too perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).

[uempel]

testing neckline, just info.

Cobra, to my eyes the big 2011 H&S is too picture-perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).

[WhyNot]

testing neckline, just info.

Cobra, to my eyes the big 2011 H&S is too perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).

I Like It

But I just think big picture is Ugly...

[Out of Bounds]

testing neckline, just info.

Cobra, to my eyes the big 2011 H&S is too picture-perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).

[Cobra]

another key point here, bulls need a H2 to confirm the rebound.

[Cobra]

testing neckline, just info.

Cobra, to my eyes the big 2011 H&S is too perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).

After so many H&S top failures, I bet this time is different. we'll see.

[The Hook]

Anyone have a tgt for the rebound?

[Cobra]

small double bottom, then strong bull bar on H2, hopefully, this rebound could go a little bit far.

[Cobra]

if my theory holds true, the rebound this time shall pass tinted area, therefore we'll have a double bottom.

[bpi22]

Anyone have a tgt for the rebound?

I've seen 3 shadows on spy today at 128.8023

[cougar]

One of them was the shadow of Bamby...also known as Ben B.

[uempel]

Anyone have a tgt for the rebound?

Check this: