06/27/2012 Live Update

[noob]

so far everything is up today: gold, oil, equity, bond and dollar. some assets are lying.

And vix

VIX is red now. if we close strong today, VIX would be red, so don't count on it.

En, let's see if we could close strong. Strong close invalidates bear flag scenario?

[Cobra]

by the way, nowadays "all up day" has no prediction power anymore, so all are up, no problem.

[soku]

not a productive first half. spain is boring. passing for no reason other than stats. why not just get the f... inside.
es is not as strong as last 2 times hit vwap. last 2 both recorded 9 points rally. this time it's only 5.
it's not all up day. dx is red today. gc and zb are both flat or not meaningfully green. only es and cl up big.

[Cobra]

false breakout, doesn't count, wait. 16 min to go.

[Cobra]

so far everything is up today: gold, oil, equity, bond and dollar. some assets are lying.

And vix

VIX is red now. if we close strong today, VIX would be red, so don't count on it.

En, let's see if we could close strong. Strong close invalidates bear flag scenario?

still is bear flag.

[Anaconda]

false breakout, doesn't count, wait. 16 min to go.

Might get very interesting now that the gap (referenced in my earlier post, at SPY $133.43) is closed. That's our high of the day...so far, anyway.
With so many divergences, we could still see overthrow here...

GL.
A

[Cobra]

according to Dr Al, it's bot selling?

[MrMiyagi]

according to Dr Al, it's bot selling?

That hits the pbar from Monday.

[soku]

i think we may have a weak close.
here is my updated chart with channel.


edit: noticed 1 error. my notes actually should be es failed to reach out to the channel top. this could trigger weaker close

[Al_Dente]

according to Dr Al, it's bot selling?

yeoooooowwwwwwwwww
but as it gets closer to the close, the bot/algo readings on 1m vol get less meaningful
as EVERYBODY buys/sells near the close
then the MOC market on close orders kick in

[Cobra]

I'd be happy if the market close here. I don't understand why every time I makes a tiny mistake, the market would go strongly against me? those tiny mistakes do affect my emotion though. I was long in the morning, hit the target, out partial as usual but again the rest got stopped out accidently, then I was afraid the same thing would happen again, well, almost indeed, the market simply up and up, not as much as a few days the same incident happened, but still it's strongly against my mistake. really interesting and frustrating.

[Petsamo]

i think we may have a weak close.
here is my updated chart with channel.

The only weak thing I see is my Brazil. Did they go back to being third world ?

[Cobra]

well, guess that's it for today. as I said everything is up, gold, oil, bond, equity and dollar, perhaps VIX too (it's up now) someone must be lying, not sure who. so let's wait for tomorrow. Independent day seasonality WAS very very bullish though. Thank you guys, I'll see you tomorrow.

[noob]

so far everything is up today: gold, oil, equity, bond and dollar. some assets are lying.

And vix

VIX is red now. if we close strong today, VIX would be red, so don't count on it.

En, let's see if we could close strong. Strong close invalidates bear flag scenario?

still is bear flag.

green vix!

[MrMiyagi]

We might have a few green days here based on indexes and somesuch...

I'm probably wrong and will wake up to a collapse tomorrow.

[Cobra]

according to Dr Al, it's bot selling?

yeoooooowwwwwwwwww
but as it gets closer to the close, the bot/algo readings on 1m vol get less meaningful
as EVERYBODY buys/sells near the close
then the MOC market on close orders kick in

Got you, thanks.

[Cobra]

green vix!

No, still 15 min to go. VIX will include additional 15 min after close.

[Anaconda]

A comment on bots....

Programmers are people. People program "bots." Bots exacerbate the trading behavior of...traders. The bots are just more 'disciplined' about what they do, since the programmers' emotions are hardwired. Consequently, we get even faster selling / buying when trigger points are met (which are mostly shared anyway, as programmers try to use the data they gather from the markets...a vicious, redundant, self-serving feedback loop!). Bots are weapons of self-destruction, wielded by a different class of sheeple, IMHO.

[Cobra]

green vix!

red. sorry.

[uempel]

MA 390 on the 1 min fought off all bear attacks