12/09/2011 Intraday Watering

[heavenskrow]

TVIX or UPRO....hard to say...
Most european weekly markets have registered RSI buy signals within their daily channel resistance....

VXX is near support...yet right now ES is retesting the neckline..

[Me XMan]

Set stop-loss at $126.

Drop through $125...pleeeezzz

seriously, this is the saddest pullback i've ever seen...

[Cobra]

a bullish-bearish view, for fun as nowadays the market tends to go straight instead of this common pattern. Noted AUDJPY and XIU are not inline with SPY which usually is not a good sign.

[newbie_77]

they will find you and take the stop out.. i hate stops ...

Set stop-loss at $126.

Drop through $125...pleeeezzz

seriously, this is the saddest pullback i've ever seen...

[janez]

if you like the long side, CF may be good.

[mac769]

Hourly VXX needs to hold for bears. If hourly VXX breaks below, bears are toast

If you read this, you would not be really sure about the predicting power of vix

http://www.zerohedge.com/news/guest-pos ... ment-price

[heavenskrow]

IF VXX dies at support and ES holds its neckline retest there is a target of 1264 on ES. But again..."if"

[Al_Dente]

Update
TNX http://99ercharts.blogspot.com/2011/12/tnx.html
Wolfe Wave here.

THANKS VERY MUCH 99er
I wish I knew what a wolf wave is
Perhaps u have a quick-'n-dirty link to a fabulous wolf explanation???

[uempel]

Crucial for the timing of reversals with ellipses is the precision of the drawing. The last one I showed was not precise enough, sorry. Here a second go - and notice that a new reversal point is due very soon (this is a 5 min chart)

The attachment SPXIII.png is no longer available

Here a close up of the two verticals (I can't show the ellipses here, as they get skewed if I enlarge the chart)

[heavenskrow]

long UPRO

[Me XMan]

hmmm...they gonna move entire major index to get my $20?

they will find you and take the stop out.. i hate stops ...

Set stop-loss at $126.

Drop through $125...pleeeezzz

seriously, this is the saddest pullback i've ever seen...

[heavenskrow]

basing trade off this chart...If I am wrong, oh well

[jarbo456]

pretty strong divergence in AUD/JPY and equities, as AUD/JPY is around it's pivot...yet equities ramped well above that. accordingly, either AUD/JPY should be at 79.70 or equities should be around 124.60. i imagine we'll have something snap back into place at some point.

[Grizzly]

Update
TNX http://99ercharts.blogspot.com/2011/12/tnx.html
Wolfe Wave here.

THANKS VERY MUCH 99er
I wish I knew what a wolf wave is
Perhaps u have a quick-'n-dirty link to a fabulous wolf explanation???

Google - http://www.wolfewave.com/an_illustratio ... _rules.htm

[tapesense]

Nice article on Clinton-Bush loosening of rules regarding use of customer funds. Apparently having an agreement for a UK margin provider is enough to have your segregated funds be permanently segregated from you. http://peterlbrandt.com/mf-global-%E2%8 ... -knocking/

[jarbo456]

basing trade off this chart...If I am wrong, oh well

so are you going long because the neckline is holding...or are you going short because volume is showing negative divergence? LOL

[uempel]

uempel,
so reversal point = @ this moment we are going up so the next direction will be down or;
will it be based on how we reached that point?

Crucial for the timing of reversals with ellipses is the precision of the drawing. The last one I showed was not precise enough, sorry. Here a second go - and notice that a new reversal point is due very soon (this is a 5 min chart)

The attachment SPXIII.png is no longer available

It tends to change direction, but it can also also accelerate without changing direction. Small chart shows the usual reaction (I can not show ellipses here in the close up, but the outer shells of the ellipse is the spot to place the vertical reversal indicator).

[Al_Dente]

Crucial for the timing of reversals with ellipses is the precision of the drawing. The last one I showed was not precise enough, sorry. Here a second go - and notice that a new reversal point is due very soon (this is a 5 min chart)

SPXIII.png

Prince Uempel: I believe you were actually spot-on at 11:00ET for a RALLY !!!
All data I have still says bull
But the flag/pullbacks are what I call scalper “dirty pullbacks” showing weakness each time and coming perilously close to an EARLY scalper sell signal.
As a trend follower, I have to wait for “proof” of trend change
But as a wussie scalper, I’ll be out if I can’t see more strength, like right now, no energy for a fresh high or what?

[Richarab]

IF VXX dies at support and ES holds its neckline retest there is a target of 1264 on ES. But again..."if"

ifs and buts were fruits and nuts....you know the rest... it'd all be a happy Hanukkah

[Petsamo]

If this thing ends well, and you wanna go long over the weekend, EPI (India) is beat up and IMO is a good buy. I believe a neutral close today would be at SPY 125.