03/13/2012 Intraday Watering

[StevieWonder]

ok this could really be interesting. SPY close outside of BB on the up and VIX with a massive reversal to close back inside the BB. I am totally comfortable watching this one play out from the sideline. Skinned some profits today and so rest will be easy.

last time SPY closed above BB was 11/4/10

[SB73]

ok this could really be interesting. SPY close outside of BB on the up and VIX with a massive reversal to close back inside the BB. I am totally comfortable watching this one play out from the sideline. Skinned some profits today and so rest will be easy.

last time SPY closed above BB was 11/4/10

I see Feb 3, 2012 and July 7, 2011 as well as some others in 2011 before July

[Denali92]

Today or tomorrow, we should get a post FOMC / Opex top - I know that sounds CRAZY given the price action, but it is what the historical record predicts....

It is most likely a minor top - which means a pullback like January of 25 to 30 pts from the high.... THOUGH there have been a FEW instances of more significant post FOMC / opex week tops - though not recently as there are only two meetings a year - Mar and Dec where the FOMC can fall during opex week - the last SIGNIFICANT post FOMC / Opex top was Dec 2008 70 pts in 10 days - I doubt that will happen this time, but it is something to be aware of....

Anyway, for now the market is surprising everyone by not following the usual March opex / daylight savings tendencies and I will admit that the market in 2012 has not really followed the historical pattern, so this time could be different, but all in all it is best to at least be aware of the historical patterns.

Right now, we really seem to be replicating March 2010 where we topped on the Wednesday and declined in to the Monday open.....

Of course, maybe this time is different.....

-D

[jarbo456]

MAD day Cobra?

not yet, but very close.

MAD usually followed by a small red day right?

[Harapa]

watch 61.75 area for profit taking area

When bulls leaves the gate than it is very hard to stop him! But No regret for exiting @61.50 2.1% not bad for a DT

[THAT GUY]

got out of long @ 139.75

[Cobra]

MAD day Cobra?

not yet, but very close.

MAD usually followed by a small red day right?

no.

[Me XMan]

Stuck my finger in $139.90

[Just Trading]

Cobra,

what usually happens after MAD day, assuming today is one?

[SB73]

got out of long @ 139.75

Market making everybody who exited early look like a fool (self included)

[Cobra]

i think VIX would finally close blow BB bottom for real as it's really strange for a huge up day while VIX is green.

[Petsamo]

Since USO isn't rallying with SPX, the sky's the limit for SPX

[jimme]

...and closing above 1400... GLTA jimme

[THAT GUY]

got out of long @ 139.75

Market making everybody who exited early look like a fool (self included)

it hit my stop loss on the small wave down. didn't want to be greedy tho ... it's ok for today!

[EFA]

MAD day Cobra?

not yet, but very close.

MAD usually followed by a small red day right?

no.

Cobra,
Can you please explain why / how we have today the "jumping" of .VIX at 1:49 PM; 2:30 PM; 3:25 PM; 3:42 PM? Normally there are gradual, even strong movement, but not "jumping"...
Correct? Thanks!

[SWalsh]

Look carefully...and start drawing them. I've looked at 18 months of 5 minute charts (as the algos have grown since then and the public fled) and this is what they absolutely have as their main trading points from my inspection. And they love to break the lines and bring it back inside of 10 minutes. That's the best signal of all.

Addendum: NYC had it's 5 Crime Families http://en.wikipedia.org/wiki/Five_Familiesthat each carved out turf to work together. I think there are six "banks" and 4-5 more companies deemed to be in the HFT club. They have learned to work together...It doesn't take a crime scene expert to understand that they are working together as a cabal. If you want to call me crazy, please have the courtesy to show me where I am wrong.

[Cobra]

MAD day Cobra?

not yet, but very close.

MAD usually followed by a small red day right?

no.

Cobra,
Can you please explain why / how we have today the "jumping" of .VIX at 1:49 PM; 2:30 PM; 3:25 PM; 3:42 PM? Normally there are gradual, even strong movement, but not "jumping"...
Correct? Thanks!

I have no idea.

[Me XMan]

Breakout the NAZ 1400 hats !!!!

...and closing above 1400... GLTA jimme

[Cobra]

well, guess that's it for today. this market would never drop again. a day like this, a new high is almost guaranteed. thank you guys, I'll see you tomorrow.

[KENA]

I sure don't know who is buying..Maybe only the computers.