11/28/2011 Intraday Watering

[michelangelo]

What a boring day. I'm making lunch.

[CH37]

not very boring. P-bar there, as per I thought . hoho...

[Grizzly]

My Price Oscillator on the 5min SPY has been drifting down, but not on IWM...

[TWJ]

Just signed up ... thanks, and keep it coming!

[soku]

not sure if you guys noticed, we got the worst xgiving week since 1932. i believe the rally today is pretty much short covering plus a little bit short squeezing. things will get back to normal as early as this afternoon.

http://www.nydailynews.com/2.1353/stock ... bled=false

[uempel]

Fuzzy suggests a move is imminent:

[Buckethead]

Typical pattern for big bounce after 8 days down is to close strong. Tomorrow a scary sell in the morning. New short term highs therafter.

[Al_Dente]

Internals
What a day, dollar and vix are going bear spy, but nyadv still >2700 and spy just lounging around at vwap, will she hold?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

Who likes soccer? don’t be distracted by the other stuff here… it’s ALL ABOUT the game
http://www.youtube.com/watch?v=2ssflEr3 ... re=related

[cougar]

VIX is undecided. However C/P vol. today ~3.

Cougie: POP QUIZ: What is the average life/career expectancy of an options trader on the floor of the CBOE?
This one’s for you and The Baron (“The Mariachi Brothers”)… oldie fav:
http://www.youtube.com/watch?v=JU-lANuwEbc

Don't know. Tell me!

Life expectancy used to be 3-5 years in the old days, don’t know what it is now….
Coug: c/p did u mean p/c put to call ratio, or did u mean c/p call to put ratio (inverted), or wtf? Kinda important no? remember I’m a geezer so u have to spell it out for me

OK Al: If you are bearish on the market or you "hedge" your various long positions, you buy VIX calls. This is what many people do today, since the action is in trading VIX calls and not puts.

CAVEAT: in principle, you could get similar C/P vol. ratio if a lot of people sell their calls or simply "write" calls...Therefore, one has to analyze other details of the options action, like bid/ask ratios, where do the large packages go (to bid or ask?) and how closely is the option action shadowing the "official" VIX value?

[thewildwest]

Cobra, thank you for your great website and service. I would like to donate and become a member. I have two quick questions about the donation. Why do I show that it is this user I would like to donate for? And how to make automatic monthly payment?

Thanks!

[99er]

The Smarter Guys On The Floor

If there was any reason to believe "elite bonds" would help Italy, or the IMF would help Italy, then 2- and 10-year yields would not be above 7%, and the 2-year yield certainly would not have soared to a new high above 8%.

Anything can happen in the next few hours I suppose, but equity markets are responding to something the bond market does not see, most likely pure nonsense.

http://globaleconomicanalysis.blogspot. ... arket.html

[Me XMan]

SPX 1210 is good short entry.

Browsing thru some charts I found this, which suggests a move above 1200...

d.png

[tdo722]

Hi Cobra,

is that 3 pushup pattern on 5min chart for Spy? Nvm, I meant /Es.

[99er]

Ski time.

[tdo722]

Hi Cobra,

is that 3 pushup pattern on 5min chart for Spy? Nvm, I meant /Es.

I gotta start looking for these 3 pushup and 3 pushdown patterns. I think I can make my 1st million in a year. What do you guys think? LoL...

[Cobra]

well, nothing to say, still hanging there, this is not a strong rebound I'd like to see.

[Me XMan]

WOOOOWEEEEEE!
Looking to play the bounce...

Ski time.

[MrMiyagi]

Low volume advance day. Just want one or two more like this, not this big of a move; SPX 1205 would be ok.

[Cobra]

Hi Cobra,

is that 3 pushup pattern on 5min chart for Spy? Nvm, I meant /Es.

No, I won't say that.

[zhyuan04]

Who still believe that SPX can go below 1100 by the end of this week?