12/11/2012 Live Update

[daytradingES]

NOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!

[tradematti]

if you call that revisition of junes low than you rite.

[SigmaEcho]

anyone.
If I would want to create a chart for SPY in euros, can I use SPY:$XEU in stockcharts ?
tnx

yes
also try SPY:$XED

thanks

[MrMiyagi]

Yesterday's action was 94 million dollars equivalent of bullish calls, today it is 68 million dollars.

[Out of Bounds]

if you call that revisition of junes low than you rite.

Is this Facebook?

[KeiZai]

This looks like final push-up for today but I am not going to short it, just will close some stuff


btw http://2.bp.blogspot.com/-JWdI8aKt8dk/T ... eTroll.jpg

[Claudio.dicorato]

Hi cobra,
When for you could start the red arrow of pullback to higher o lower lows?

[Cobra]

if you call that revisition of junes low than you rite.

A revisit can be higher low or lower low.

[Cobra]

Hi cobra,
When for you could start the red arrow of pullback to higher o lower lows?

don't know, haven't found a top pattern yet. I think I've said, we'll have to wait after FOMC Wednesday, then we'll see.

[L_T]

Yesterday's action was 94 million dollars equivalent of bullish calls, today it is 68 million dollars.

Any way to tell if those are purchases or sales? Maybe a call spread?

[Al_Dente]

anyone.
If I would want to create a chart for SPY in euros, can I use SPY:$XEU in stockcharts ?
tnx

yes
also try SPY:$XED

thanks

$XEU and $XED are both EOD end of day
I emailed stockcharts long ago, asking what the difference is between $XEU and $XED
They have no clue
Most on stockcharts use the “Philadelphia” $XEU, $XJY, $XAD etc
To get an intraday “proxy” maybe try SPY:FXE
(ps Cobra likes FXE; I may have borrowstolen that from him)

[Cobra]

it was a good h2 long, now since it's the 2nd test of the previous high, so key time again. I'm neutral here.

[TraderJoe]

Yesterday's action was 94 million dollars equivalent of bullish calls, today it is 68 million dollars.

I have read that PM's are about bottomed

[Royal Flush]

NOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!

Hi DTES, I don't know if there is a relationship here but it appears that the larger the trend channel line overshot is the bigger the subsequent move is.
Some are difficult to see but there are 7 on this chart. In edit this is not acting like a CTL OS because there is no retrace.

[Al_Dente]

NOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!

Hi DTES, I don't know if there is a relationship here but it appears that the larger the trend channel line overshot is the bigger the subsequent move is.

ngldgES_12-12_(30_Min)__12_11_2012.jpg

Royal
THAT RIGHT THERE is a real purty chart
Thanks

“We made the buttons on the screen look so good you’ll want to lick them.” [Steve Jobs, on Mac OS X, 2000]

[Cobra]

Cobra,

Do you still maintain the 12/05 call that whatever up and up thereafter will be erased on the 1st down day?

Oh, by the way, don't trade purely based on statistics. I think on that day when we had a Bearish Engulfing, the statistics said 100% chance the next day would be green, I said clearly, I don't trade purely on those kind of statistics.

either if the statistics is with the trend, then you might have better chances.

or you blindly trade ALL, say, above 70% chances statistics, for YEARS, you hope in the long run, you win. You cannot simply pick statistics unless you see it also fits your other trading setups. Pick statistics to trade at random actually equals to no odds at all.

[KeiZai]

not sure but looks like triangle

R2K

[Harapa]

VIXies Update:
VIXies continue to favor the up move that started on 11/16. But the move up may pause here;VIXies are closer to the upper trend line and price is closer to upper price band(red line).

[Darkmatter]

I'm bored again Cobra!

(of course sometimes it's better to be bored than at least one of the alternatives)

[skittlesmds]

VIXies Update:
VIXies continue to favor the up move that started on 11/16. But the move up may pause here;VIXies are closer to the upper trend line and price is closer to upper price band(red line).

Shorted XIV for a short term trade; not a recommendation for anyone. Looking for some volatility tomorrow and soon afterwards.