11/11/2011 Intraday Watering

[Tabby]

join me in Trader Vix. drinks half off. do you really think that VIX is going to drop off hard? i simply cant believe that...but.....

You have been drinking a lot lately , maybe this is the reason you can't see it. I hope you are right.

[Cobra]

I'm very disappointed. no breakout, instead of a breakdown! cannot believe this! isn't this a strong uptrend day?

[KENA]

FYI..For the P bar fans one more dn to 124.25 again at about 2:10PM. and a third just now.

which chart? I am on dec 11 es 5 min but don't see anything.

TD Amaritrade SPY 5 min.

[jarbo456]

The VIX bolinger is crimping “compressing” in a way that it likes to just before a big move
(PS: rsi-7 courtesy cougar, used with permission)
http://stockcharts.com/h-sc/ui?s=$VIX&p ... =248315131

Big VIX consolditation, bonds are at support but I don't know what the dollars doing.

dollar finding some support around 77.11 which is a fib retrace level.

[cougar]

A rare occurrence: NDX up, while AAPL is one of the 6 NDX stocks down:

[Richarab]

join me in Trader Vix. drinks half off. do you really think that VIX is going to drop off hard? i simply cant believe that...but.....

You have been drinking a lot lately , maybe this is the reason you can't see it. I hope you are right.

true. a lot of drinking the half price drinks here at Trader Vix. do beginning to think i am delusional ...

[Al_Dente]

Thoughts? Comments?

I REALLY like your renko
On my “regular” daily charts I use 3ema on $INDU, based on Dow Theory career-man Robert Colby’s strategy (from his encyclopedia). Colby attempted to update the classic Dow Theory for the modern trader. He backtested Dow’s work over 101 years and concluded that CLOSING above/below the 3ema exponential moving average on the Dow ($INDU) was the “best” entry/exit signal for traders, but in “classic” Dow Theory style, IT MUST BE CONFIRMED BY THE TRANSPORTS.
I know lots of traders on this board use 5sma on daily (without tranny confirm?), I’ve eyeball tested that….very similar results.
Thanks 4 sharing yr chart (will study it more later), please keep updating us

[tdo722]

Hi Cobra,

Is that "lower close ahead" still valid at this point?

Thanks!

still possible.

just think about this: 2 days huge up still not recovered 1 day losses. a strong bull won't act like this.

Thanks.

[superxy]

I'm very disappointed. no breakout, instead of a breakdown! cannot believe this! isn't this a strong uptrend day?

Can I short? I want to hold for several days

[Al_Dente]

PAGING Whitney Houston: we may have a problem here… can spy hold vwap or not? (NYADV is still bull 2523)
http://www.youtube.com/watch?v=8QaI-M9sxW4
[edit: scalper sell signal spy INTRADAY SCALPERS ONLY]

[Cobra]

another breakdown. tinted area as the target. I don't believe the target now but I'm really disappointed!

[dcurban1]

Thoughts on a bearish setup for next week?

[ActiveTrader]

I would not be surprised if the bots start to pop the ES after 3:45 PM EST.

[Richarab]

who would want to hold long on the weekend? not me.

[SB73]

another breakdown. tinted area as the target. I don't believe the target now but I'm really disappointed!

"I don't believe the target" does that mean lower than target or cut target in half as has become the norm for bearish case?

[Cobra]

I'm very disappointed. no breakout, instead of a breakdown! cannot believe this! isn't this a strong uptrend day?

Can I short? I want to hold for several days

I won't short big up day. you know officially I never front run, so don't ask me.

[stlwater]

Thank you for that information. Do you possibly have a link to that study? I'm in the process of programing a backtest along those lines.. it would be very helpful! Thanks.

Thoughts? Comments?

I REALLY like your renko
On my “regular” daily charts I use 3ema on $INDU, based on Dow Theory career-man Robert Colby’s strategy (from his encyclopedia). Colby attempted to update the classic Dow Theory for the modern trader. He backtested Dow’s work over 101 years and concluded that CLOSING above/below the 3ema exponential moving average on the Dow ($INDU) was the “best” entry/exit signal for traders, but in “classic” Dow Theory style, IT MUST BE CONFIRMED BY THE TRANSPORTS.
I know lots of traders on this board use 5sma on daily (without tranny confirm?), I’ve eyeball tested that….very similar results.
Thanks 4 sharing yr chart (will study it more later), please keep updating us

[Cobra]

another breakdown. tinted area as the target. I don't believe the target now but I'm really disappointed!

"I don't believe the target" does that mean lower than target or cut target in half as has become the norm for bearish case?

yes, cut the target by half.

[Tabby]

join me in Trader Vix. drinks half off. do you really think that VIX is going to drop off hard? i simply cant believe that...but.....

You have been drinking a lot lately , maybe this is the reason you can't see it. I hope you are right.

true. a lot of drinking the half price drinks here at Trader Vix. do beginning to think i am delusional ...

You are not the only one, I am too. I can't believe this market going up on bad news, good news , no news. I think we have secerte QE3 by uncle Benny.

[xfradnex]

cobra, check your post times. Hr off?