08/09/2011 Intraday Watering

[67Chevy]

sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram

We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out

[shumushu]

Stay on Target: 1149

http://www.youtube.com/watch?v=mMDV3eISLPs

[tonghu]

hi, Cobra, do you have the statistics of the performance between FOMC day and the next? positive or negative correlated? thx

very good, bulls did much better this time.

[Cobra]

bulls still need clear the overhead resistance - the red line. overall, not bad, if you look at Global ES.

[Cobra]

hi, Cobra, do you have the statistics of the performance between FOMC day and the next? positive or negative correlated? thx

very good, bulls did much better this time.

no. but you can check my public chart list, chart starting with 6.x.x, about SPX and FOMC, you can do statistics yourself.

[hiram]

sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram

We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out

good show old boy all the best lets see where we end up i try not to get to elated but i feel like im exactly right, which may mean im wrong....lol

[shumushu]

Target 1149 reached. exited half.

[Cobra]

the 3rd time testing the resistance, I think it had good chances.

[99er]

Double Top?

http://www.youtube.com/watch?v=FFLXooXZE2c&feature=fvsr

Have a good one.

[Petsamo]

Everything's honky-dory again!

[Me XMan]

Everything's honky-dory again!

[Cobra]

multiple resistances here, guess we'll have to wait for tomorrow.

[agnosia]

market is trading higher on our weak dollar. so net net the market is flat . have a good one guys

[shumushu]

Guess the bond market is wrong.

[Tabby]

Did anyone see Fas drop to $8.72 today?

[Cobra]

well, guess, that's it for today, a good day for bulls but it's far from repairing all the damages done in recent days, so I still expect this rebound will fail eventually, not today of course, thank you guys, I'll see you tomorrow!

[hiram]

Did anyone see Fas drop to $8.72 today?

i did, and i bought, lol.... banks make huge spread on low intrest rates, plus they pay dividend.

hiram out..

p.s i hold over night

[67Chevy]

sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram

We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out

good show old boy all the best lets see where we end up i try not to get to elated but i feel like im exactly right, which may mean im wrong....lol

I know the feeling all too well. Good call, bet your options are way in the money now. I am still learning so I'm hesitant to play options on the VIX but trying to get there.

[hiram]

sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram

We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out

good show old boy all the best lets see where we end up i try not to get to elated but i feel like im exactly right, which may mean im wrong....lol

I know the feeling all too well. Good call, bet your options are way in the money now. I am still learning so I'm hesitant to play options on the VIX but trying to get there.

bought aug16 dollar calls for .36 and at the bell they are trading for .92 more to go so i need to be paitent...

hiram

[Tabby]

Did anyone see Fas drop to $8.72 today?

i did, and i bought, lol.... banks make huge spread on low intrest rates, plus they pay dividend.

hiram out..

p.s i hold over night

BB, MACD work very well with Fas. There is going to be Faz time soon. On FOMC day, fins are the good one to play. C has not reached Phantom bar 32.9095 yet.
I won't believe if you would've bought Fas at $8.72. We were already in $14 when my screen flashed $8.72.