03/13/2012 Intraday Watering

[Cobra]

Gap up to a new high, so the gap might not be filled.

I'm not sure if it's 3 push up on the Global ES, even it is, the chart pattern doesn't look like it will pullback hard, as from 03/06 overnight low to now, it's almost straight up, so rarely it would fail right away.

[SigmaEcho]

Gap up to a new high, so the gap might not be filled.

I'm not sure if it's 3 push up on the Global ES, even it is, the chart pattern doesn't look like it will pullback hard, as from 03/06 overnight low to now, it's almost straight up, so rarely it would fail right away.

gm Cobra,
anything about EURUSD? dropping fast to Feb lows.

[Cobra]

Gap up to a new high, so the gap might not be filled.

I'm not sure if it's 3 push up on the Global ES, even it is, the chart pattern doesn't look like it will pullback hard, as from 03/06 overnight low to now, it's almost straight up, so rarely it would fail right away.

gm Cobra,
anything about EURUSD? dropping fast to Feb lows.

Euro is on the way to test the previous low. either forming a lower low or a higher low.

[jarbo456]

hi guys, back after a week off. again, bears had bEArly a day to get out before this market ripped our faces off again.

anyone see SKEW spike to 140 yesterday? again, no interpretation here, as i haven't found a good relationship with the market yet; however, we've only been to these SKEW levels at most 5x's...maybe only 3x's.

according to the CBOE, SKEW in option put values is pricing in a greater than 13% chance of a 2 standard deviation move in the S&P.

[Cobra]

the open.

[Harapa]

How one might make use of this information? Check here:
viewtopic.php?f=2&t=483&sid=c9c5cadd767 ... 3b6#p66080

[Denali92]

In the last three years, there have only been 4 gap and go ups on FED Day (Apr 09, Jun 09, Jan 11 and Nov 11), so it would be unusual if we gapped and went today.... particularly as ALL of those 4 instances had corrections of some sort beforehand, particularly Jun 09 and Nov 11.

Of course, anything can happen in this market these days, but history says that a gap fill is likely....

As always, on FOMC day, it is how they close them.... NOT how they open them....

-D

[KENA]

The institutions have been selling more and buying less since Feb 13 but the SPX has been going up.Something does not jive here.Yesterday the liquidity ticked dn a little.Here is a chart showing the institution buy/sell.Info by Stocktiming.com.

[stucap]

As we stand right now, we should open at the 1378 high from 2/29. That said, RSI appears to be diverging, MACD appears to want to cross (both 5 minute ES), and VIX will likely gap down through its' Bollinger. Oh yeah? And the DX is camping out above $80. I don't think this gap up can hold, but it wouldn't surprise me if this was just the beginning of a mega short squeeze...........

See charts at: http://tradingchumps.blogspot.com/2012/ ... 13-12.html

[btran874]

1377 met the minimum requirement for wave 5 and should maxed out no more than 1388. Wake up gentlemen. I call today the easy money making day.

[Cobra]

VIX collapsed to a new low.

[btran874]

Where are you GK? Look at COMP, DOW. Reached my target beautifully. LoL

I am so disappointed with RUT, it is almost 10 points away from target.

[SB73]

ok since the vix is a hot topic here are the last 5 session gaps (unfilled)
20.87 to 20.57 = 1.57%
19.07 to 18.08 = 5.5%
17.95 to 17.16 = 4.6%
17.11 to 15.79 = 8.4%
15.64 to 14.00 = 11.7%

Tomorrow should be a 15% gap down

[jarbo456]

nothing seems to matter with this market, but again, noting as has been already indicated here by a few - money flows has been negative for over a week now.

http://online.wsj.com/mdc/public/page/2 ... stcalendar

[soku]

don't know where going. 2 days in a row. my guess, retest the 1368-1370 area then heads up again.
vix is not working. euro is not working. what's next

[ken_d17]

How one might make use of this information? Check here:
viewtopic.php?f=2&t=483&sid=c9c5cadd767 ... 3b6#p66080

Harapa,

Thanks for the info in the link. I understand it now.

Ken

[Tabby]

In the last three years, there have only been 4 gap and go ups on FED Day (Apr 09, Jun 09, Jan 11 and Nov 11), so it would be unusual if we gapped and went today.... particularly as ALL of those 4 instances had corrections of some sort beforehand, particularly Jun 09 and Nov 11.

Of course, anything can happen in this market these days, but history says that a gap fill is likely....

As always, on FOMC day, it is how they close them.... NOT how they open them....

-D

Since ZIRP (Zero interest rate policy), it closed in green 18 out of 26 times. Maybe today is one of those 8 out 26 red day.
http://www.bespokeinvest.com/thinkbig/2 ... -days.html

[Harapa]

How one might make use of this information? Check here:
viewtopic.php?f=2&t=483&sid=c9c5cadd767 ... 3b6#p66080

Harapa,

Thanks for the info in the link. I understand it now.

Ken

[Cobra]

Is it only me? How come the market is soooooooooooooooo slow this morning? The volume seems OK, but the move is very very slow, seems nobody interested in trading this market anymore. Am I the only one who have this kind of feeling?

[Al_Dente]

1 min

PS: jarbo I missed u