12/08/2011 Intraday Watering

[kaiboliu]

Still holding TZA and TVIX from a few days ago. Looking for advice on when to drop them.

[Cobra]

OK, I said, see you at the green line, right. Sometimes I don't bother to comment a lot because the price is on the way to the target, there's really not much to say. Now it's key time, I don't know if bulls would defend here or somewhere else, the only think I can say is the bias is down because so far RSP, AUDJPY, XIU.TO and TBT are all agree with each other and lead, unlike yesterday when I pointed out that AUDJPY didn't agree on the downside. So let's wait and see if any differences bears could make today.

[heavenskrow]

Still holding TZA and TVIX from a few days ago. Looking for advice on when to drop them.

Nice!! you must have a hard on

[StrikePrice]

Well I've turned my big gain into a tiny gain...still expecting an attempt up but the odds are more likely it's tomorrow now.

[newbie_77]

dumb bears come out.. its only down 16 points today... we need to make it 30 point day another 14 to go... stop hiding in the dyamn cave.. come out!!!!!

[soku]

the rumor of stress testing could be true. market is moving
http://www.zerohedge.com/news/latest-ir ... lts-leaked

remember the rumor thing i just posted?
german banks are not under-capitalized according to bdb

[dcurban1]

dumb bears come out.. its only down 16 points today... we need to make it 30 point day another 14 to go... stop hiding in the dyamn cave.. come out!!!!!

Anyone who is up for the year is scared of missing their mark with all the volatility.

[Al_Dente]

PAGING Jarbo re volume horizontally freestockcharts
Inside your chart window >price history >add indicator >volume at price

you're awesome man!
btw, i let go of 75% of my shorts. so i'm sure this market will drop.

Dear jarbo I love you man
Scalper out of ZSL (it should go up more now too)

[Cobra]

this chart should be clear why the green line is important to bulls. Let's wait.

[JTrader]

Gonna have a bounce few times before 1220 IMO.

Channel is broken. ES target 1220.

I fully agree with you.

[TWT]

DAX : This is a corrective pattern. Once it is completed we should expect the resumption of the uptrend

[Buckethead]

bears need come out of the closet.

dumb bears come out.. its only down 16 points today... we need to make it 30 point day another 14 to go... stop hiding in the dyamn cave.. come out!!!!!

[Al_Dente]

OMG trin is 3
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15
[edit: look at spx on 22 and 23 nov when trin started going nuts/bots]

[cougar]

Al Dente & newbie_77: In case you wonder about my SPY time put spread: I "deconstructed" it this morning, also in 2 steps. First bought to cover the short arm and now, after a third drop, I sold the long arm…all for a profit.
Rationale: I do not want to have interlocked positions tomorrow, when weekly OpEx and the EU Kabuki Show overlap.

I also had a complementary QQQ time call spread, which I did not discuss here (with a strike = 57). Also closed it this morning in an analogous sequence of events, but with a different timing for selling the longs…

For tomorrow, I might enter different positions, when and if I would sense a ”hidden message” revealed by the trading during the second part of the day…Why would this be preferable to staying on the sideline? Because the first move in a fresh impulse is the most profitable and I would prefer not to miss it…But…is it too risky to be early?

[michelangelo]

I need another major index to confirm the DAX downtrend before I go short. Otherwise, I believe we're still up.

[Richarab]

Still holding TZA and TVIX from a few days ago. Looking for advice on when to drop them.

Nice!! you must have a hard on

Walk Hard.

[BenAndLloyd]

Richarab,
I have TVIX from 47.15. Pl let me know if today would be good time to take it off. TIA

[Al_Dente]

1 min ….VIX also going bonkers
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

[newbie_77]

cougar,
thank you vm... ...
watching carefully for your next tip to load the $$$

Al Dente & newbie_77: In case you wonder about my SPY time put spread: I "deconstructed" it this morning, also in 2 steps. First bought to cover the short arm and now, after a third drop, I sold the long arm…all for a profit.
Rationale: I do not want to have interlocked positions tomorrow, when weekly OpEx and the EU Kabuki Show overlap.

I also had a complementary QQQ time call spread, which I did not discuss here (with a strike = 57). Also closed it this morning in an analogous sequence of events, but with a different timing for selling the longs…

For tomorrow, I might enter different positions, when and if I would sense a ”hidden message” revealed by the trading during the second part of the day…Why would this be preferable to staying on the sideline? Because the first move in a fresh impulse is the most profitable and I would prefer not to miss it…But…is it too risky to be early?

[joeynickels]

OK, I said, see you at the green line, right. Sometimes I don't bother to comment a lot because the price is on the way to the target, there's really not much to say. Now it's key time, I don't know if bulls would defend here or somewhere else, the only think I can say is the bias is down because so far RSP, AUDJPY, XIU.TO and TBT are all agree with each other and lead, unlike yesterday when I pointed out that AUDJPY didn't agree on the downside. So let's wait and see if any differences bears could make today.

Bulls must defend here as there are likely multiple stops set in the 123.80 - 125 area that if triggered would accelerate move to the downside...