03/22/2012 Intraday Watering

[uempel]

Update:

[TraderGirl]

Was that lower low wave 5?

[Cobra]

mini bull target. I consider it as reached.

[KeiZai]

Maybe Im crazy but im going to buy small pack of tvix at closing with SL -20cents

[SWalsh]

Short article....death of the trader thanks to speed and no regulations:
http://www.financialsense.com/contribu ... er-markets

Last paragraph:
Like the lighting of a long fuse, the market structure we have today in US equities results from Regulation NMS. Intended to foster the competing forces of low costs (through competition) and high transparency (through a consolidated quote and last sale data-feed mechanism), the byproduct of these rules is essentially the mad frenzy over tiny slivers of liquidity that we have today. When mixed with increasing levels of automation since the 1970’s...the fuse that was lit with Reg NMS so many years ago just might be leading us to a bomb.

BTW, check out IWM and NDX as they are possible H&S and so far, the HFT/Algos can't stop the bigger cycles. From my recollection, NDX looks like the top of the dot-com bubble.

[btran874]

Was that lower low wave 5?

I'm scare to buy LONG but it looks so impulsive. Compares to the 11AM wave, this wave is from 1-10 rating for impulsive, I would rate it an 8 at least.

[SWalsh]

"Death is the solution to all problems. No man - no problem".

He said UP!

All kidding aside, anyone who wants to have a chance of surviving better start studying who the market is as Big Brother likes machines. This is the tip of the iceberg. My God, Eric Blair was briliant, eh Winston?

[Cobra]

hey, if you like my live update like this, please "vote" and "follow" me! : http://stockcharts.com/public/1684859/tenpp

[Cobra]

volume surge, shooting star, so maintain the plan. bears are so careful here, so not essentially a good news for bulls.

[essessme]

Was that lower low wave 5?

How about wave b of wave 4 flat....with c to 1389 es?

[SB73]

maintain the plan. bears are covering because they're so scared like me.

Post of the day...

Dear Senors and Senoritas,

If you are going to play leveraged instruments please use stops. I pray that none of my board friends got torched by TVIX today.

[MrMiyagi]

Bounce stronger than I expected by about 30 cents.

[soku]

Will COBRA call this a double bottom????????

damn it. is it the squirrel man or just me? anyway from now on, the word "santa" is totally forbidden.
the tape is unreasonably strong, or i cannot find anything to justify it. maybe some news pending. anyway watch 1389 for now. if broken, the entire chart will be totally different

i think it is all my fault. i am not humble today by saying today's market is tamed. right beofre the close, she is showing her wildness. i saw ticks hit 1389. i don't know if we will lose it.
i beg we close now, right below 1389. i usually watch to 4:15, but this time spx close is more important.

[xfradnex]

Tvix is eating all stops

If any one take heed on your warning about VXX-iv thy should be safe. the VXX so mess up no sell on TVIX (per VXX) until this morning, thank to you.

Baron
TVIX is down -26% today
VXX is up +5% VXX
Do not confuse TVIX with VXXXXXXXXXXX

PAGING ALL PEOPLES ON PLANET COBRA
Best not be trading TVIX until Suisse “unlocks” her
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =258329999

DrAl,
Maybe some knows the unlock is coming, volume has been down for awhile; coast is clear? Maybe there will be an overshoot of actual value at some point. What are indicators that this is ocuring?

[Cobra]

well, guess that's it for today. the close is stronger than i thought which makes my next call a little bit tricky, need dig more. However what I said last night still count especially about SPX down 3 days in a row, I really don't think it'd fail again this time. thank you guys, I'll see you tomorrow.

[TraderGirl]

Was that lower low wave 5?

How about wave b of wave 4 flat....with c to 1389 es?

Yes, maybe...or lower...???

[KeiZai]

Tvix RSI almost zero

[Al_Dente]

Tvix is eating all stops

If any one take heed on your warning about VXX-iv thy should be safe. the VXX so mess up no sell on TVIX (per VXX) until this morning, thank to you.

Baron
TVIX is down -26% today
VXX is up +5% VXX
Do not confuse TVIX with VXXXXXXXXXXX
PAGING ALL PEOPLES ON PLANET COBRA
Best not be trading TVIX until Suisse “unlocks” her
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =258329999

DrAl,
Maybe some knows the unlock is coming, volume has been down for awhile; coast is clear? Maybe there will be an overshoot of actual value at some point. What are indicators that this is ocuring?

hi xfradnex
Right now TVIX is trading like a “closed end fund” at a premium/discount to NAV net asset value, with NO NEW SHARES being issued by Credit Suisse.
Best guage of value on TVIX I’ve seen so far is kezai’s link to TVIX-IV http://finance.yahoo.com/q?s=%5ETVIX-IV

Here’s the TVIX “home page” with more info
http://www.velocityshares.com/products.shtml

Perhaps someone could call them at 877-5-VELOCITY (877-583-5624) and ask when they expect to issue new shares on TVIX
(but be nice to them, they’re just regular folks on a customer-service phone line; it's not their fault).

[edit: perhaps ask them how you can be put on an email alert, or perhaps there is an address URL of a site where they will report real-time when TVIX opens up again…..please post here if u get a good answer…. as it might help MANY on board…. Thx]

[Jose]

The fall today probably means they have issued already... but who knows, could be just the knowledge that they would issue very soon.

[btran874]

Tvix is eating all stops

If any one take heed on your warning about VXX-iv thy should be safe. the VXX so mess up no sell on TVIX (per VXX) until this morning, thank to you.

Baron
TVIX is down -26% today
VXX is up +5% VXX
Do not confuse TVIX with VXXXXXXXXXXX

PAGING ALL PEOPLES ON PLANET COBRA
Best not be trading TVIX until Suisse “unlocks” her
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =258329999

DrAl,
Maybe some knows the unlock is coming, volume has been down for awhile; coast is clear? Maybe there will be an overshoot of actual value at some point. What are indicators that this is ocuring?

Small correction gentlemen. VXX is up 1.20% not 5%.

If you count after hours, could be anywhere between 0.1% to 0.5% by 8PM EST. Something is definitely going on tomorrow because seems like there's no fear.