12/21/2011 Intraday Watering

[Cobra]

not a good start. noticed that RSP already dropped below the support.

[BullBear52x]

This is what makes Cobra a Cobra, this is my confident vote!

[stucap]

not a good start. noticed that RSP already dropped below the support.

ES fighting overnight low. Bulls thinking double bottom? Bears need to push the issue.....

[BullBear52x]

GM, below yellow line I think Santa will have a hard time to continue his journey .

Bottom of your yellow is what on SPY?

Target the next lower yellow

[stucap]

GM, below yellow line I think Santa will have a hard time to continue his journey .

Bottom of your yellow is what on SPY?

Target the next lower yellow

I meant is it 123.55 SPY or 123.25? Just want to know what your support level is.....hard to see on chart.

[cougar]

Hey Al!
We missed you!

[micluo]

So which means FAZ has at least 10% jump up today... how? It does not look like going up crazy so far.

This is what makes Cobra a Cobra, this is my confident vote!

[BullBear52x]

GM, below yellow line I think Santa will have a hard time to continue his journey .

Bottom of your yellow is what on SPY?

Target the next lower yellow

I meant is it 123.55 SPY or 123.25? Just want to know what your support level is.....hard to see on chart.

123.5 past that now, next is 122 -121.5ish below that I will be greedy to 116

[99er]

Honey?

SPX http://99ercharts.blogspot.com/2011/12/spx_6597.html

Toast?

[stucap]

GM, below yellow line I think Santa will have a hard time to continue his journey .

Bottom of your yellow is what on SPY?

Target the next lower yellow

I meant is it 123.55 SPY or 123.25? Just want to know what your support level is.....hard to see on chart.

123.5 past that now, next is 122 -121.5ish below that I will be greedy to 116

Thanks. Hopefully we hold below 123.50. Bulls look stubborn and greedy!

[micluo]

Do you mean we expect to see 122-121.5ish today?

GM, below yellow line I think Santa will have a hard time to continue his journey .

Bottom of your yellow is what on SPY?

Target the next lower yellow

I meant is it 123.55 SPY or 123.25? Just want to know what your support level is.....hard to see on chart.

123.5 past that now, next is 122 -121.5ish below that I will be greedy to 116

[BullBear52x]

So which means FAZ has at least 10% jump up today... how? It does not look like going up crazy so far.

This is what makes Cobra a Cobra, this is my confident vote!

Both FAS/FAZ are now trade less than 1%, covered FAZ this morning let FAS run if you shorted both of them like I did yesterday. wasted less than 100 bucks for insurance

[Me XMan]

Let's see who is charge today?

[CognitiveDissonance]

Let's see who is charge today?

Bulls taking a breather. Like Cobra said, they're more powerful - getting pulled by Santa's reindeer

[waverider]

no skiing for me, need more confirmation from the bears

[BullBear52x]

[quote="micluo"]Do you mean we expect to see 122-121.5ish today?





I am looking to that direction, but to get there today? I hope so.

[Al_Dente]

1 min internals
VIX acting like a crazy person again today
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PLEASE NOTE: I’m testing a new TICK guideline setting here. It’s designed to ignore flags and little corrections, and only cross the zero line at or near a “trend change.” It is unavoidable however, that it will cross on large opening gaps and fake-out spikes. On a choppy day it should hug the zero line and tell us that according to the tick it is a choppy/directionless market day. We have yet to see how and when it lags. If you’d like to keep the old tick guideline the setting was EMA ENVELOPE 50/2.5. This new tick guideline is a TEST ONLY, please don’t trust it yet. (this is the one that Baron von PitBull calls “beating a dead horse”).
Finally, a quick note of TICK trivia: I always have a very thin pink line at tick +600 and tick -600. This is based on the notion that anything inbetween tick +/- 600 is just noise, and the significant tick moves are either above +600 or below -600. I learned that long ago and sorry I don’t remember my source on that one, but I’ve found it to be pretty much true.

[Me XMan]

Gotta give up on VIX. It's not accurate anymore.

1 min internals
VIX acting like a crazy person again today
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PLEASE NOTE: I’m testing a new TICK guideline setting here. It’s designed to ignore flags and little corrections, and only cross the zero line at or near a “trend change.” It is unavoidable however, that it will cross on large opening gaps and fake-out spikes. On a choppy day it should hug the zero line and tell us that according to the tick it is a choppy/directionless market day. We have yet to see how and when it lags. If you’d like to keep the old tick guideline the setting was EMA ENVELOPE 50/2.5. This new tick guideline is a TEST ONLY, please don’t trust it yet. (this is the one that Baron von PitBull calls “beating a dead horse”).
Finally, a quick note of TICK trivia: I always have a very thin pink line at tick +600 and tick -600. This is based on the notion that anything inbetween tick +/- 600 is just noise, and the significant tick moves are either above +600 or below -600. I learned that long ago and sorry I don’t remember my source on that one, but I’ve found it to be pretty much true.

[LBJ_OldPeking]

VIX is such an unreliable signal guys......

[Me XMan]

Looking at SPY 122 today.