12/27/2011 Intraday Watering

waverider · Post by **waverider** » Tue Dec 27, 2011 10:58 am

consumer confidence report at seven, let's see if leg two fails

Mongoose · Post by **Mongoose** » Tue Dec 27, 2011 10:58 am

Thought folks might be interested in viewing this doc about open cry floor traders in Chicago
There are 9 episodes altogether.

Floored
http://www.youtube.com/watch?v=INufKOwA ... re=related

Happy Holidays

wayne0708 · Post by **wayne0708** » Tue Dec 27, 2011 11:00 am

Cobra: you are correct vix is up huge does that mean correction is most likely?

Mr. BachNut · Post by **Mr. BachNut** » Tue Dec 27, 2011 11:03 am

I am Long.
The trend is up, and my mechanical signal is a buy.
With T+3, today should be about window dressing for year end. Underinvested portfolio managers with too much cash are likely buyers.
Anyone who wants good marks for YE will be reluctant to sell.

On the bear side, equities starting to look overbought. Another surge and that will be certain in my view.
I am inclined to be cautious. This has been a low volume rally (starting post opex when the trend was down) driven I believe by institutional year end concerns.
The bigger macro issues remain.
I plan to hedge into strength this week. If I don't see strength beyond the window dressing, I'll be short.

BullBear52x · Post by **BullBear52x** » Tue Dec 27, 2011 11:03 am

VIX gap up, all of my internals flashing sell, let see if my setting still work. SELL!

Me XMan · Post by **Me XMan** » Tue Dec 27, 2011 11:04 am

Thanks for the warning lights...

BullBear52x wrote:VIX gap up, all of my internals flashing sell, let see if my setting still work. SELL!

Post by **Cobra** » Tue Dec 27, 2011 11:06 am

wayne0708 wrote:Cobra: you are correct vix is up huge does that mean correction is most likely?

No, from my experiences, it's actually a bad sign for bears because that means people are cautious. Bears have to wait until VIX collapse again one day (implying the early bears giving up). I might remember incorrectly though, so just for fun.

waverider · Post by **waverider** » Tue Dec 27, 2011 11:07 am

BullBear52x wrote:VIX gap up, all of my internals flashing sell, let see if my setting still work. SELL!

lol, are you short already BB?

q2model · Post by **q2model** » Tue Dec 27, 2011 11:10 am

Cobra wrote:
wayne0708 wrote:Cobra: you are correct vix is up huge does that mean correction is most likely?
No, from my experiences, it's actually a bad sign for bears because that means people are cautious. Bears have to wait until VIX collapse again one day (implying the early bears giving up). I might remember incorrectly though, so just for fun.

Just curious, how do you push up VIX? I always thought it is just a calcuated number. Thanks,

BullBear52x · Post by **BullBear52x** » Tue Dec 27, 2011 11:11 am

waverider wrote:
BullBear52x wrote:VIX gap up, all of my internals flashing sell, let see if my setting still work. SELL!
lol, are you short already BB?

EDC and TNA on top of FAS (trapped) small lot but selling them is good start for the week I guess.

Me XMan · Post by **Me XMan** » Tue Dec 27, 2011 11:13 am

Initiated shorts $126.80...let's see how much more market heading up today

jarbo456 · Post by **jarbo456** » Tue Dec 27, 2011 11:14 am

Mongoose wrote:Thought folks might be interested in viewing this doc about open cry floor traders in Chicago
There are 9 episodes altogether.

Floored
http://www.youtube.com/watch?v=INufKOwA ... re=related

Happy Holidays

This is streaming on Netflix as well. Happy holidays to everyone!

heavenskrow · Post by **heavenskrow** » Tue Dec 27, 2011 11:14 am

Cobra wrote:
wayne0708 wrote:Cobra: you are correct vix is up huge does that mean correction is most likely?
No, from my experiences, it's actually a bad sign for bears because that means people are cautious. Bears have to wait until VIX collapse again one day (implying the early bears giving up). I might remember incorrectly though, so just for fun.

i think your right.

waverider · Post by **waverider** » Tue Dec 27, 2011 11:15 am

smart BB, with that rising wedge I'd assume we test a bit lower. Not gonna short quite yet

dcurban1 · Post by **dcurban1** » Tue Dec 27, 2011 11:19 am

Took a quick look at the S&P today.

http://www.atruecontrarian.com/2011/12/ ... -2011.html

I like the market through the first quarter but do not want to get ahead of myself.

I have a Bradley turn at the end of the year. Will look at some stuff today but I have the market turning higher while some see it as a down move.

I would like to see a pullback to the resistance level of the triangle then move higher.

If I get into anymore it will be giving up my 2012 forecast.

Happy Holidays everyone and peace on earth. We need a lot of it.

Woohoo!!! Kept my Canadian Securities stuff up to date!!!

SB73 · Post by **SB73** » Tue Dec 27, 2011 11:22 am

Me XMan wrote:Initiated shorts $126.80...let's see how much more market heading up today

ditto, but don't plan on holding long.

Post by **Cobra** » Tue Dec 27, 2011 11:23 am

q2model wrote:
Cobra wrote:
wayne0708 wrote:Cobra: you are correct vix is up huge does that mean correction is most likely?
No, from my experiences, it's actually a bad sign for bears because that means people are cautious. Bears have to wait until VIX collapse again one day (implying the early bears giving up). I might remember incorrectly though, so just for fun.

Just curious, how do you push up VIX? I always thought it is just a calcuated number. Thanks,

buying lots of put.

CognitiveDissonance · Tue Dec 27, 2011 11:24 am

heavenskrow wrote:
Cobra wrote:
wayne0708 wrote:Cobra: you are correct vix is up huge does that mean correction is most likely?
No, from my experiences, it's actually a bad sign for bears because that means people are cautious. Bears have to wait until VIX collapse again one day (implying the early bears giving up). I might remember incorrectly though, so just for fun.
i think your right.

IMHO I think both Cobra and HK are correct. No fear in the market right now. Slow grind up and historically Christmas rally happens this week not before Christmas. Notice though, that neither FAS or TNA are moving much. This seems like a low volume move for technicals' sake. No fear and no faith either.

Last week's charts. ES broke through resistance and may be headed up the channel. OR, the megaphone may come back.

99er · Post by **99er** » Tue Dec 27, 2011 11:24 am

Attention skiers...

SPX http://99ercharts.blogspot.com/2011/12/spx_9522.html

Gondola's here.

Me XMan · Post by **Me XMan** » Tue Dec 27, 2011 11:26 am

Make sure your skis are waxed good!

99er wrote:Attention skiers...

SPX http://99ercharts.blogspot.com/2011/12/spx_9522.html

Gondola's here.

Cobra's Market View

Back to www.cobrasmarketview.com

12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering

Re: 12/27/2011 Intraday Watering