11/18/2011 Intraday Watering

[fehro]

interesting similarities to note... but I lean to a gap down

[waverider]

What if VIX and SPY both close read, any implication? Cobra?

bullish

[MrMiyagi]

I'm probably a little early but bought a bit of SLW here.

[99er]

FWIW

A letter from Senator Coburn

http://www.zerohedge.com/news/senator-c ... and-famous

[laoguo]

What if VIX and SPY both close read, any implication? Cobra?

bullish

any statistical advantage? waverider?

[dcurban1]

Cobra -- have you ever heard of a "left translated cycle"?

Do you think the market may be in one now, or in the process of forming one?

I was doing some reading about it, and from what I could understand, it seemed to suggest an explanation as to why your "prediction" that the August lows would be broken lower, and that it might take a few months to express that . . . I thought that was very interesting to compare.

If you have any thoughts on that, it would be appreciated. thx.

never heard that.

I am an economist, not a TA expert, however, if I understand the explanation of the cycle, since the S&P 500 support level was broken yesterday, then the cycle bottom is expected within the next 5-7 days -- which I understand to be lower than 1080.
I thought it was interesting to see one theory express a similar theory from different view points.

As an economist I see liquidity drying up faster than water in Death Valley -- building up to levels just prior to the financial crisis and the market collapse. (even during that time the equity markets were ignoring the rising risks.) Banks are highly sensitive to lending to each other, and they are reducing their lending to emerging markets while they hastily try to recapitalize. So, I am short banks/financials and emerging markets.
I also see that the bond market is beginning to price in deflation for an extended period of time in various countries -- in particular take a look at Italian bond yields.
20% of S&P earnings come from Europe -- at some point, the market will have to acknowledge that.

Any cash I keep it in USD vs any other currency.

Thanks Cobra - have a nice weekend.

Mongoose, I totally agree with your economic assessment. When bank lending is drying up, bank stocks are dropping like rocks, politicians cannot do their jobs, low employment growth, and significant global risks emanating from Europe and Asia, I cannot see the rational for 3=% growth in the US.

The market seems to be pricing in a decorrelation scenario rather than actual problems from Europe and Asia which makes me a serious bear.

[dcurban1]

I'm probably a little early but bought a bit of SLW here.

Love those guys.

Waiting for a pullback to add some SLW and AUY.

[noob]

20 min to go, OE day, anything can happen. bears need pray, as long as we close flat today, then it's a victory which if indeed I'd explain in the weekend report.

Thanks Cobra, victory for bulls or bears?

[nikman]

20 min to go, OE day, anything can happen. bears need pray, as long as we close flat today, then it's a victory which if indeed I'd explain in the weekend report.

Cobra, victory for the bears or bulls if we close flat today? Thanks!

[MrMiyagi]

Thanks Cobra, victory for bulls or bears?

Victory for brokers.

[waverider]

What if VIX and SPY both close read, any implication? Cobra?

bullish

any statistical advantage? waverider?

Not that I know of, but what generally happens when $VIX falls? SPY rises, I wouldn't want to be long over the weekend anyways.

[CognitiveDissonance]

Looks like I`ll be holding TZA through the weekend.
I bet Monday huge gap up, Tuesday I eat cat food.

You bought TZA using unsettled funds?

I love eating kibbles too.

You guys are too funny!!! Cat food is better than junk food, isnt't it?
Plus nothing seems very strong on the bull side.... bulls have been very disappointing today!

Remember, the market is there to fool us - especially opex fridays.

[jarbo456]

VIX is down 6%, S&P is flat. interesting dichotomy.

VIX hourly looks a bit bearish. at least for another day or 3 me thinks.

[KENA]

Cobra..Thanks for the wild week..See everyone next week.

[Petsamo]

My spreadsheet indicates a gap up on Monday, so I placed a small bet on F (200 shares x 10.10).

[Cobra]

well, guess that's if for today. the overall picture is not good for bulls, I'll, as usually explain this in the weekend report. Thank you guys, I'll see you the next Monday.

[99er]

Last chart: Bear Porn

DWCF Weekly http://99ercharts.blogspot.com/2011/11/dwcf_18.html

Have a great weekend, folks!

[Me XMan]

Where's teh stick save???

[dcurban1]

VIX is down 6%, S&P is flat. interesting dichotomy.

VIX hourly looks a bit bearish. at least for another day or 3 me thinks.

It is still in that trend channel I posted this morning. If it fills the 29 or 30 box on the P&F chart that would mean we head lower.

With the potential news flow next week surrounding the deficit panel I am leaning towards a breakout on the upside.

[Cobra]

once again, don't forget our poll: viewtopic.php?f=9&t=368