12/11/2012 Live Update

[KENA]

Not much to up date on the 3Peaks and Domed House..It is about 50/50 from the experts out there and several reports that don't mean much..I think we are getting close to # 27 but some say #25..Looking at the mkt and the time duration 27 looks better..When I get some good info I will Post .

[Cobra]

I'm bored again Cobra!

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

at least the market moved in the morning, so only half boring day.

[Jupiter]

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.

What's your downside exit target on XIV? Thx.

[TraderGirl]

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).

Your ONE:VIX comparison looks bearish in the near term...

[Al_Dente]

Not much to up date on the 3Peaks and Domed House..It is about 50/50 from the experts out there and several reports that don't mean much..I think we are getting close to # 27 but some say #25..Looking at the mkt and the time duration 27 looks better..When I get some good info I will Post .

george1.png

thx boss
also luv it when u put spy above/below/inside it etc

[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).

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

I wouldn't, short term momentum/trend in VIXies across the board is Up. (Oscillators in bottom panels are derived from a CCI based indicator)

[Cobra]

boring, but consolidates here is not bearish. wait.

[TraderGirl]

I have read that they will not come to a deal...Obama's deadline is Dec 21 and Dec 20 has neg aspects...so we could turn down next week....start topping process this week...

[SigmaEcho]

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.

Hi Cobra,

DAX hit a 9.4% increase in just 17 days. Do you have stats on daily average increase in a continouos period?
I do not think this happened so often.

It looks like a near perfect 5wave from the june bottom, where W3=2,62xW1 and W5=1,236xW1.
(W1 starts june5th; W3 starts june 28th; W5 starts nov 15th)


thanks

[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.

I wouldn't, short term momentum/trend in VIXies across the board is Up. (Oscillators in bottom panels are derived from a CCI based indicator)

That's why I didn't recommend it to anyone else. I'm taking more of a gamble but am willing to lose on that gamble.

[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.

Hi Cobra,

DAX hit a 9.4% increase in just 17 days. Do you have stats on daily average increase in a continouos period?
I do not think this happened so often.

It looks like a near perfect 5wave from the june bottom, where W3=2,62xW1 and W5=1,236xW1.
(W1 starts june5th; W3 starts june 28th; W5 starts nov 15th)

thanks

I don't have statistics.

[KENA]

I was not going to Post this but to avoid confusion here is one.. This has not been updated but the estimates fwd look like the mkt is following..Take it as it is..Forgot who made the chart..

[Harapa]

Your ONE:VIX comparison looks bearish in the near term...

I am looking for some consolidation here.

[Petsamo]

IWM has a potential double top. Otherwise, it looks like it's in an all-day rally

[KaZoom]

OT: lunchtime chuckle: http://www.wimp.com/animalvoiceovers/

[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.

What's your downside exit target on XIV? Thx.

Please take this with a grain of salt. This formation could easily go up from here and be a cup and handle formation or could be a small double top to fill the gap. I am positioning myself for it to fill the gap but this is for informational purposes only. I enjoy exchanging ideas with everyone on the board. The more opinions on a subject (markets); the better I find myself informed to come up with my own ideas. I get it wrong sometimes and sometimes I get it right. This is a gamble trade for me (I am risking some "entertainment money" on this trade).

[Claudio.dicorato]

Is not bearish for you this consolidation?

[KeiZai]

IWM has a potential double top.

Euro will might help to push indexes higher ,trying to break above important area where are lot of stops, because will negate head and shoulders top pattern...imo

[Al_Dente]

OT: lunchtime chuckle: http://www.wimp.com/animalvoiceovers/

[Al_Dente]

trin