11/08/2011 Intraday Watering

[Richarab]

its Inception once again in Trader Vix - - dont know how long i can stay in this place...

Yeah, I should have taken profit yesterday on TVIX but held. It's still within a dollar of entry but they may try to push the vix to the bottom of bollinger on daily, around 25. It doesn't stay there for long though.

need to make some calculations on exit point/pain threshhold
i would like to think that volatility will linger through xmas - but how euphoric will these bulls on roids get?

[quatzl]

sold my /es longs for now and tried shorting the 1270 200sma level with a very very very tight stop. lets see if my one short works out ..lol

screw this, you guys are nuts to short good luck. i covered my short for +1 and am flat. if we get over 1270 and stay above i am going long again.

watching for now.

crazy to short when vix and usd has not rolled over yet.

I can't argue with that. I am still learning and should train a monkey to smack me when I attempt to front run a move. I do know it is a gamble, and placed a very small wager.

[tdo722]

if UUP hits 21.64, then it's safe to short.

or vix hits 28.71

[easycomeeasygo]

1275 is the 78% fib

Weak histogram no real momentum

[BullBear52x]

bears look at RSI here, you need to pray that it will cross over 50 or today will not be your day.

[agnosia]

crazy to short when vix and usd has not rolled over yet.

shorting first touch of a major moving averag has a very very high win rate. it will probably work but i am not in the mood at the moment. just the first touch though...

[Buckethead]

IMHO, all is fine until retailers have poor black Friday. Consumer is dead.
We should be in the 1245-1315 area until then, fall 150 s&p points into early december and then finish the year at 1220.
2012 will be a doozy when Q4 earnings finally catch up with the bearish analyst sentiment and fund sentiment (they were short very big at Oct low)

[99er]

So where can we do Italian?
SPX http://99ercharts.blogspot.com/2011/11/spx_3611.html

Little Italy, of course. Downtown. Way downtown.

[tdo722]

confirmed, i'm shorting, usd and vix rolled over. )

[waverider]

Just exited intraday long position, good luck all.

[Cobra]

I'm not short. but the bigger picture, I'm not convinced by bulls, 3 push up, and 2 PM already resigned, just to test the previous high? Come on, give me a break!

[DRL]

Inverse H and S settingup on IWM (Rus 2000) on 15 min chart

[txsky]

nice picture.

Bird's-eye view:

76.png

[CognitiveDissonance]

its Inception once again in Trader Vix - - dont know how long i can stay in this place...

Yeah, I should have taken profit yesterday on TVIX but held. It's still within a dollar of entry but they may try to push the vix to the bottom of bollinger on daily, around 25. It doesn't stay there for long though.

need to make some calculations on exit point/pain threshhold
i would like to think that volatility will linger through xmas - but how euphoric will these bulls on roids get?

if spx closes above 200 sma then I'll get out on the next bounce on the vix. if they don't then my ultimate ultimate low spx targets are 1233 and then 1187. After that, I'm not touching the vix until next year.

But, who knows. Those are just targets and the market doesn't listen...they just use imagination. It seems that the hopium trade has expanded from greece to italy, with its initial effects. I wonder what will happen when it hits france? Doubt that will happen this calendar year though.

[fuddleduddle]

Are we all spending lots this Christmas?

Maybe most of us here will spend more coin, but the average consumer is more concerned with paying down personal debt. We'll see if the consumer is still alive after the Santa rally.

[MrMiyagi]

Maybe most of us here will spend more coin, but the average consumer is more concerned with paying down personal debt. We'll see if the consumer is still alive after the Santa rally.

Frankly from what I have seen, people are not concerned with spending at all.

[Cobra]

consolidation, therefore more up.

[uempel]

Update:

[dcurban1]

its Inception once again in Trader Vix - - dont know how long i can stay in this place...

Yeah, I should have taken profit yesterday on TVIX but held. It's still within a dollar of entry but they may try to push the vix to the bottom of bollinger on daily, around 25. It doesn't stay there for long though.

need to make some calculations on exit point/pain threshhold
i would like to think that volatility will linger through xmas - but how euphoric will these bulls on roids get?

if spx closes above 200 sma then I'll get out on the next bounce on the vix. if they don't then my ultimate ultimate low spx targets are 1233 and then 1187. After that, I'm not touching the vix until next year.

But, who knows. Those are just targets and the market doesn't listen...they just use imagination. It seems that the hopium trade has expanded from greece to italy, with its initial effects. I wonder what will happen when it hits france? Doubt that will happen this calendar year though.

This market reminds me a lot of 2007-08 and the market can stay irrational longer than it can stay rational.

[KENA]

Bird's-eye view:

76.png

NO