02/06/2013 Live Update

[TraderJoe]

P-Bars What It Looks Like When A High Frequency Trading Algo Bombs A Stock With Fake Quotes

http://www.businessinsider.com/high-fre ... tes-2013-2

[uempel]

Uempel, what are your thoughts on the move coming up...you bearish or bullish...

TraderLady, I don't know, honestly. But I'm sure it won't be easy to trade. At heart I'm a bull, but European weakness and Japanese strength confuse me. Harapa's input on Friday/weekend might help...

[uempel]

Bye guys, I'm off

[Cobra]

indeed another leg down, unfortunately looks like there's more.

[TraderGirl]

I think if price stays within this small "b" wave triangle...price may move down in wave c....(alternatively, market up)

Edit: will have to see how the rest of the day plays out before making a determination...

[TraderGirl]

Bye guys, I'm off

Bye uempel...I think i am out too until end of day... have a good one!!

[Cobra]

target I'm not sure.

[MrMiyagi]

Joe,
Thanks for that HFT link, mighty interesting and supports our pbar theories.

[Cobra]

members only update at 2:01 pm
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[TWT]

$VIX: Not much information but it could go higher as long as above the 20 dma

[TraderGirl]

Don't know how the day will end up...but I am seeing a hint of a reversal candle on VIX...

[Daniel-David]

IWM currently successfully retesting 200period MA, both 5min and 15min timeframes...

[Nage]

indeed another leg down, unfortunately looks like there's more.

Cobra, got a question for you. I know the MM part you using. But how do you know some times there are more (larger vs smaller) push? because of the momentum?

thanks

[Cobra]

the bias still a little bit on the downside.

[Cobra]

indeed another leg down, unfortunately looks like there's more.

Cobra, got a question for you. I know the MM part you using. But how do you know some times there are more (larger vs smaller) push? because of the momentum?

thanks

yes, because of the momentum you feel. There's no fixed level, say rise 10 points then you bet there'll be another leg up, simply there's no fixed number, so this part will have to depend on your experiences and this is why the 2nd leg up/down is not always working.

[Cobra]

another possible target I'm not sure.

[BullBear52x]

I think I know where they are going to park today, no break down but look at MACD histogram, I think bears are now got little chance.

[skittlesmds]

Anyone thinking that the ECB meeting will be short-term negative for the market or will they signal the "all clear"?

[BullBear52x]

INTC a little disappointment, no go this round?

[BullBear52x]

BKX, MACD need to turn back soon, this is my type of set up to go evil.