01/17/2012 Intraday Watering

[Cobra]

FWIW, if the opening gap is filled it's retracing AH sessions, not just one.

I think that may make the action a little more bearish. We shall see.

Thanks and welcome aboard!

I assume today's bar is a sign of top as well?

if no miracle in the last 15 minutes. nowadays we should always prepare for some miracle.

[Cobra]

not a strong rebound so far, assume no miracle in the last 13 minutes, then another reversal bar on the SPY daily chart we have.

[TraderGirl]

Is this a new trend...sell the rallies?

[Richarab]

Here come the hamstrings


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I am here: http://maps.google.com/maps?ll=18.002822,-92.953429

Villahermosa??? You sure get around.

That's what richarabs do
Speaking of which
The Devils Double
Is a fantastic film

About uday Husseins body double
True story apparently



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I am here: http://maps.google.com/maps?ll=18.002887,-92.952938

[cougar]

Take a look at EDZ, last several times it hit this level for past year, had a bounce to around $19....

Good idea TG! Let's s see a reversal signal first...

[L_T]

Here come the hamstrings


---
I am here: http://maps.google.com/maps?ll=18.002822,-92.953429

Villahermosa??? You sure get around.

That's what richarabs do
Speaking of which
The Devils Double
Is a fantastic film

About uday Husseins body double
True story apparently



---
I am here: http://maps.google.com/maps?ll=18.002887,-92.952938

Still hanging onto TVIX? I think it's finally safe to start a position at these levels.

[TraderGirl]

Take a look at EDZ, last several times it hit this level for past year, had a bounce to around $19....

Good idea TG! Let's s see a reversal signal first...

Thanks cougar! Looking for your input. Looking for a sideways to up market next couple of days, but Fri and Monday could be big down days...??

[kaiboliu]

i have TVIX for a few weeks, average cost at around 24.00, still holding.

[jarbo456]

Is this a new trend...sell the rallies?

hahaha...hard to call one day a trend.

and secondly, a gap up with a drizzle down is hardly a "sell the rip" scenario...unless we can finish closer to flat in the next 3 minutes.

[fuddleduddle]

Cobra, better to end off green today or red? I think the edge is better for the bears if we end green given MLK week stats.

[Cobra]

well, guess that's it for today. you all know my view for the market, don't you. so far goes exactly as planned. thank you guys, I'll see you tomorrow.

[honzer7]

Here come the hamstrings


---
I am here: http://maps.google.com/maps?ll=18.002822,-92.953429

Villahermosa??? You sure get around.

That's what richarabs do
Speaking of which
The Devils Double
Is a fantastic film

About uday Husseins body double
True story apparently



---
I am here: http://maps.google.com/maps?ll=18.002887,-92.952938

Still hanging onto TVIX? I think it's finally safe to start a position at these levels.

Me to I think its worth the risk/ vix 60min in bullish falling wedge

[SB73]

Look at the number of outs a bull is given. This is ridiculous.

[fehro]

Daily...... Gravestone candle?

[Cobra]

Cobra, better to end off green today or red? I think the edge is better for the bears if we end green given MLK week stats.

doesn't matter. clearly we can see 3 push up now. each is weaker than the previous one.

[ken_d17]

not a strong rebound so far, assume no miracle in the last 13 minutes, then another reversal bar on the SPY daily chart we have.

Plan for gap down tomorrow?

[TraderGirl]

Still hanging onto TVIX? I think it's finally safe to start a position at these levels.[/quote]

TVIX does look interesting here, VIX went above then closed below mid-boll band last Friday, today it is sitting right above, have noticed when the VIX goes above mid-BB, has a tendency to soon touch upper BB... somewhere around $25 on VIX...

Waiting to see the action next couple of days...

[Cobra]

not a strong rebound so far, assume no miracle in the last 13 minutes, then another reversal bar on the SPY daily chart we have.

Plan for gap down tomorrow?

don't know.

[HappyFriday]

not a strong rebound so far, assume no miracle in the last 13 minutes, then another reversal bar on the SPY daily chart we have.

Plan for gap down tomorrow?

Cobra always said earth people always would like to try one more time.

[cougar]

Take a look at EDZ, last several times it hit this level for past year, had a bounce to around $19....

Good idea TG! Let's s see a reversal signal first...

Thanks cougar! Looking for your input. Looking for a sideways to up market next couple of days, but Fri and Monday could be big down days...??

Maybe...The “omen” is there, but not the “sign“...yet!
EDZ chart soon…