02/29/2012 Intraday Watering

[lqiantobe]

corba~ could you please give couple of words on TVIX?

[soku]

key level 1364. working on a chart to explain it

[Me XMan]

Kneeling and praying with my shorts since $138...

now this bear target becomes possible.

[Cobra]

corba~ could you please give couple of words on TVIX?

No idea yet, if TVIX leads, then seems bears still are not OK because TVIX lags today.

[Harapa]

Watch the support. BTW, the ascending diagonal TL is from October low: another reason to expect some resistance and not to expect a major decline from here.

[Cobra]

on the other hand bulls can argue this kind of measured move. so I'm neutral now. no idea about the market direction.

[BullBear52x]

Counter trend guru, there is nice LH but no official bearish crossed like IWM since we are well above 5dma still, until then.....

[Harapa]

BullBear52x
What is your take on IWM?

[TraderGirl]

FWIW, looking at the Astro's and upcoming events, I don't think TVIX will be too relevant until after March 14th. We may see some surprise news on the 15th, causing a sudden reaction on 16th to maybe 17th (maybe bear trap?), then a rally into the 22nd of March (New Moon) then something suddenly goes wrong at that point where we could start a negative reaction that lasts into April 5th. At that point on the 23rd, I think TVIX becomes relevant....again IMHO....

At that time, Greece is to make a debt payment. The markets may possibly rally on the idea that it is a done deal, then when they find out it is not going as planned, something negative is announced on the 23rd...

http://www.financialsense.com/contribut ... ll-default

[lqiantobe]

corba~ could you please give couple of words on TVIX?

No idea yet, if TVIX leads, then seems bears still are not OK because TVIX lags today.

It seems TVIX lags always recently?

[BullBear52x]

BullBear52x
What is your take on IWM?

a trade below 81 before I will call a change to down trend per my time frame, for now sell the rip until it trades back over 5 dma again.

[Cobra]

today is a little different ha. looks like it's going to test the green line below. let's see.

[soku]

key level 1364. working on a chart to explain it

this is damn time consuming

[Harapa]

BullBear52x
What is your take on IWM?

a trade below 81 before I will call a change to down trend per my time frame, for now sell the rip until it trades back over 5 dma again.

Three TL below 81.30 on my chart are between 80.50-80.80 . May be < 80.50 is a better point to call for a CIT

[Cobra]

volume surge, let's see the next bar first.

[bbc]

btfd again? boring.

[TraderGirl]

My Crystal ball say new LOD is on its way, if not today then tomaro!

I think you may be right BullBear. There are two turns this week, today and Friday, so we will see if we can go lower into tomorrow or Friday morning, but I think if we can't get a higher high on the 2nd, then we may go down lower into 5/6th....

Astro's suggest major bullish aspects after that into the 12thish...FWIW...

looking at today's action, be prepared for a bounce sometime tomorrow, maybe into Friday, then the markets heading lower into 5/6th, which is where I believe the low could happen....

[fehro]

RUT... bounce? more likely breakdown.

[waverider]

Notable: currency rotation is continuing into USD, out of AUD and CHF.

Here's an interesting chart, showing silver decoupling from gold, then tanking. Warren would be proud!

[soku]

as i was cutting the chart es dropping. if 1364 area cannot hold, the next stop is 1355-57 area