05/15/2012 Live Update

[SWalsh]

lower trendline?

Well, to get to the one at 1200 I'm pretty sure it has to get there first!

[KeiZai]

PAGING KEIZAI
This is daily (NOT intraday)
Note the grey-dotted line is $VXV:$VIX, the inverse of yours
So, it becomes the ratio of longer term 93 day vol to shorter term 30 day volatility on the spx.
It looks quite bearish…. do you get the same or different read?

The attachment 515vxvvix.png is no longer available

CONTANGO is flattening fear is back that seems pretty clear to me, she is very close to one, where the contango stops and vixies will move into backwardation
In the short-term we can see kind of pullback (in vixies) but i would not short it atm weekly is pretty clear, vixies are going into backwardation

[fehro]

Looking for SPX 1250 this summer.

or little lower for the bearish inclined... if 1280 the 200 day/50 week should fail.

[Cobra]

still a little shy of the descending triangle target.

[MrMiyagi]

Anyone wanna buy Facecrook shares?

[Cobra]

still the rebound here, normally shall fail. 25 min to close.

[KeiZai]

more down?

[MrMiyagi]

There's a camel outside and straw flying around looking for a place to land..

[Petsamo]

If we finish at or very near the lows, there's a better probability of a gap up.
Some rally off the lows mean they prefer we don't gap up.

[SWalsh]

still a little shy of the descending triangle target.

EW-wise the potential is for much more. But these spikes you see are HFTs hitting it up.

There is a vested interest in not having more losses appear on the real books.

If anyone is not familiar with Oct 10, 2008 I would urge you to take a look at 3 PM and how government have this self-preservation interest that comes before all else. When you look, go forward a month. Nature gets its way - governments merely delay it.

[fehro]

maybe a bigger complex H&S... 1260 target.. should 1320 fail

[Al_Dente]

thanks keizai

[Mr. T]

There's a camel outside and straw flying around looking for a place to land..

I'm going to pop the camel in the jaw like Arnold did in Conan.......

Is there ever going to be a pop???

This feels like Napoleon Dynamite dancing on stage...... uncomfortable and awkward.

[Me XMan]

SHE GONNA BLOW !!!!

maybe a bigger complex H&S... 1260 target.. should 1320 fail

[SWalsh]

MrMiyagi...if we close on a new low I'll take my confusing avatar down to another Gary Oldman one.

And stop sending me PMs....I'm not Chaz Bono....

[Cobra]

as I said the rebound failed, now let's see if it can make a new low. 7 min to go.

[KeiZai]

thanks keizai

YW

[Cobra]

I don't consider the aapl support is broken yet but I think it will eventually, as bulls have rested enough above the support and now attacking.

[Mr. BachNut]

Almost closed that SPY gap from Feb. 2 but not quite.

[fehro]

Vix Daily looks like it's going for an outside BB close.