12/23/2011 Intraday Watering

[jarbo456]

looks like this market is pretty much on holiday already! i guess i might take that cue and close up shop as well.
have a great holiday everyone!

Congrats jarbo, yea, I saw you holding bull overnight, right in front of all these bears
Big bowls
Sheesh (I do believe I got “sheesh” from you)

hahaha...yeah.

now i'm debating if i should hold through NEXT WEEK!

MUHAHAHAHA

lots of bearish "proof" out there...but these markets tend to defy proof until bulls/bears can't stand it anymore.

[Cobra]

looks like an Ascending Triangle.

[Avitar]

99er,

I see Honey is in the spirit, NICE !

Merry Christmas to everyone

[CognitiveDissonance]

i should turn off CNBC. All these Christmas songs are not making me feel evil at all for TVIX

(In Yoda voice): Mmmm found the dark side you have. Fear is the path to the dark side. Fear leads to anger, anger leads to hate, hate leads to suffering, suffering leads to TVIX!

Little early for egg nog

Ha ha I wish. Just bored at work. I think everyone else took the day off but me!

Bummer

[proteus46]

SDS hourly chart - The Grinch is near

[KENA]

Sorry my last response was to be for BullTart not JB007.

[Cobra]

@All

First post.... But visit several times/day and a paying member of this excellent site.

I wanted to say thank you all for the education I've gotten over the past few months. I took back control of my investments from a broker who during the worst of times told me to 'be patient' which I learned meant give him more of my money to risk so he could make more..... What a wake up call.

Well, I've learned the #1 rule is "Patience. and more patience". #2 rule is "Don't be greedy". #3 is "Don't cry over spilt milk".... learn from it. Those rules have helped me to earn back some of my investments and I hope to learn much more and ultimately contribute positively to this forum.

So... to all of you, a very Merry Christmas or other holiday (if that is your religion) and a prosperous New Year!

I'm 'in cash' till next week!

Thanks Cobra for your help!

Thanks and welcome aboard!

Happy Holiday!

[JB007]

Hi Cobra,

Just wanted to drop you a line and let you know I signed up for your daily report. Best blogger on the internet, there is no doubt. Many out there claiming to be the best. They all have too much ego. Maybe because you are a martian you don't have the same problem. Hope you are getting many subscribers now. Maybe no lear jet, but hopefully you can get a nice new car. Maybe some cool rims like in the rap videos. Just please don't use the funds to support euro bond auctions in 2012.

Really enjoy reading the posts on this board. Some real master traders here. Wish I could daytrade like some of you, but man it's a lot harder than you guys make it look.

Just thought I'd post a chart of the VIX from 2007. You see some similar declines from a percentage standpoint going into the end of the year. Will two periods be the same, never. Does history repeat in the market, all the time.

Merry Christmas to all!

http://stockcharts.com/c-sc/sc?s=$VIX&p ... 749&r=9235

Thanks for all the kind words said. And welcome aboard!



Happy Holiday! [/quot
I agree..How about Dec 29,30 and jan 3,4,5..We may see some action.

Some action would be nice. Preferably to the downside. Been slowly adding some cheap puts for next year the last three days. I prefer they not run this up to 1300 plus but not sure at this point.

[JB007]

Sorry my last response was to be for BullTart not JB007.

LOL, I responded anyway, cheers.

[Cobra]

target, if breakout. I don't believe this target though, but I do think we'll see the breakout.

[CognitiveDissonance]

Anyone catch Tom Demark's comments on the uselessness of trendlines

[fehro]

okay, that's done... tagged 200 SMA ... now do we close above it? or reverse?

[JTrader]

VXX and TVIX still at highs while SPY is threatening breakout. Might be a bull trap if we break up...

[KENA]

looks like an Ascending Triangle.

Yes but the SPX is developing a neg.div. So lets see.

[knock]

Anyone catch Tom Demark's comments on the uselessness of trendlines

off topic: when can we see his prediction of 1330/1340?

[Al_Dente]

90% of the board are bearish and TA kind of support short term top, power that be is working hard to ensure that trading is not going to be an easy game, my holiday wish to all just be patience stay light and be nimble, I am shorting FAS nothing else so far down 1% in position and I won't mind to take 1-2% profit from this lot either.

Baron von PatienceLightNimble...Who you calling 90% ?...
http://www.youtube.com/watch?v=eTGIvSCva20

I know you are 1% (miss-spell 10%) LOL. if market down Dr. Al will be swimming or something else, I know you're too patriot to say selling or shorting the market. nice thinking I joke I joke.

You’re as nutty as a Christmas fruitcake
I LOVE bear (more acceleration), just not this minute….. yet……

I’ll be singing this song soon enough
http://www.youtube.com/watch?v=M3nUNZHS ... re=related

[Cobra]

DAX looks toppy. No one cares?

[BullTart]

Both SPY and TVIX near HOD...

Both rising in tandem.

Today is Friday. Cobra actually has stats on this. When both VIX and SPX rise together on a Friday, the next week tends to end in RED.

Factor on top of that what seems to be an end to the seasonal VIX crush in Dec. Plus today is not just any ordinary Friday, it's the last trading day before Christmas, a week where the VIX has bottomed out in 5 of the past 8 years.

Might add more TVIX positions into the close. Signs keep pointing to it being a good risk/reward setup.

Check it out in the screenshots.

[Cobra]

here comes the breakout.

[Petsamo]

It looks like yesterday. IWM doesn't wanna rally, SPY does. The difference is KBE (the other bank ETF) doesn't wanna rally either, for now.