12/20/2012 Live Update

[Out of Bounds]

ES Globex: Scary move. The fifth of the ED has truncated

TWT, i don't do EW so could you tell me what that means in English that an old man might understand? Please.

[Out of Bounds]

/es is holding right above 20day sma

[ocassional observer]

I had a bad feeling for several days now. all of it came from the options field:
first, the vix spx divergence cobra tracked, secondly the flatness of the vix term structure as observed by the vix:vxv ratio and mentioned on ZH yesterday, and thirdly my vxo:rvx ratio never gave the 10 to 40 ema crossover confirmation and turned back up:

what really worries me here is the levels. both the vix:vxv and the vxo:rvx are at levels that were associated with bottoms during the rally from the 2009 lows, so the question is if the downside is limited or are we moving into a new regime, one with elevated levels, which can be associated with a bear market?

if anyone can post a long term vix:vxv chart it would be appreciated as i don't have a stockcharts account.

[rusrod]

bear fire.png

That is too funny, boss!

And you say it is your kids who come up with this stuff?

[rusrod]

by the way, now I know who are really bears. Those who're exited now are real bears.

I'm happy because a down market could draw more readers to this forum, so I always like the market that fluctuate a lot. I hate dull market or simply up and up and up market, nobody interested in our forum anymore.

Yeah, Cobra. I noticed this when we had the last decline. Your competition suffered considerably while you stayed pretty solid.

Thanks to Harapa...I'm short as of Thursday (fingers crossed).

But not that I doubted King Cobra I just figured that this was one of those rare events...

[TraderJoe]

Hi,
Go here, it is totally FREE -- http://www.freestockcharts.com/

I had a bad feeling for several days now. all of it came from the options field:
first, the vix spx divergence cobra tracked, secondly the flatness of the vix term structure as observed by the vix:vxv ratio and mentioned on ZH yesterday, and thirdly my vxo:rvx ratio never gave the 10 to 40 ema crossover confirmation and turned back up:

vxo rvx ratio.png

what really worries me here is the levels. both the vix:vxv and the vxo:rvx are at levels that were associated with bottoms during the rally from the 2009 lows, so the question is if the downside is limited or are we moving into a new regime, one with elevated levels, which can be associated with a bear market?

if anyone can post a long term vix:vxv chart it would be appreciated as i don't have a stockcharts account.

[KaZoom]

Andrew rules again (ES):

[ocassional observer]

Hi,
Go here, it is totally FREE -- http://www.freestockcharts.com/

I had a bad feeling for several days now. all of it came from the options field:
first, the vix spx divergence cobra tracked, secondly the flatness of the vix term structure as observed by the vix:vxv ratio and mentioned on ZH yesterday, and thirdly my vxo:rvx ratio never gave the 10 to 40 ema crossover confirmation and turned back up:

vxo rvx ratio.png

what really worries me here is the levels. both the vix:vxv and the vxo:rvx are at levels that were associated with bottoms during the rally from the 2009 lows, so the question is if the downside is limited or are we moving into a new regime, one with elevated levels, which can be associated with a bear market?

if anyone can post a long term vix:vxv chart it would be appreciated as i don't have a stockcharts account.

i have an account there, but they don't have ratios which is a pitty.

[EvilTrader]

Cobra,

do you tinik is it likely we will retest the low of ES flash crash along the day ?

[TWT]

ES Globex: The nocturnal 50 points drop is a serious warning of a potential trend reversal

[TraderJoe]

I guess I am lucky today, I had a gut feeling the GOP would take the market down today so about 10 minutes befor the market closed yesterday, I bought a bunch of January SPY 142 puts. Today should make them look pretty good

[wayne0708]

ES Globex: The nocturnal 50 points drop is a serious warning of a potential trend reversal

Nice chart!

[wayne0708]

ES looks like a bear flag formation

[Out of Bounds]

Last night I noted the /ES had stabilized just above its 20 Day SMA and now I note that the SPY is doing the same. We may bounce from here but this level will probably not hold..

[wayne0708]

SPY if neckline is breached, very likely of double top will play out

[Al_Dente]

bear fire.png

That is too funny, boss!
And you say it is your kids who come up with this stuff?

g-kids
hey nice to c u on board

[Out of Bounds]

Selling [email protected] in premarket to see if I get a bite.

[Out of Bounds]

http://www.youtube.com/watch?v=Z0GFRcFm-aY

[Al_Dente]

Selling [email protected] in premarket to see if I get a bite.

u selling some or all?
U LUCKY DUDE U

[Out of Bounds]

Selling [email protected] in premarket to see if I get a bite.

u selling some or all?
U LUCKY DUDE U

ALL, I can see it on levelII