01/23/2012 Intraday Watering

[tdo722]

I think we just saw the selling climax on put prices... perhaps a washout sell event.

On the TVIX, I see a volume spike and panic sell. Exactly what I've been waiting for.

Added more long TVIX, now fully loaded. Let's see what happens the next two days.

VIX may have bottomed, ETNs of VIX like TVIX may have more downside, maybe even one more panic sell event, but willing to eat the loss to see if I can catch the turn and ring in another great trade for 2012.

You're all in with TVIX?

[SWalsh]

NOT TRADING RELATED:

I was sent this from someone who know this man as he lives in America now. It's worth reading in case someone at a party starts talking of things they do not know! I believe this is quite sage advice.

--------------------------------------------------------------------------------
Anarchy's result

This man is former Spetsnaz which is a trained Russian assassin on
the same level as US special forces. That he is a warrior is without question.
These are words that should be taken very seriously by those who wish
to forcefully change the system.

Feel like we need to use the ballot box with even greater wisdom after
reading this? Here's what he says will happen, and he is right.
America, if its political system fails, will never have a better one
rebuilt!

-------------
BEGIN:

To those of you who think this nation needs to be taken back by force
you might want to reconsider that mindset.

I have seen governments collapse.

What you do is anything in your power to keep it from happening.
The long night that follows is infinitely worse than you can imagine.

This is not 1776. You might recall that the reason we won was:

#1 Foreign intervention by the French.
#2 We captured the supreme commander of the British forces. The fact
that messages back to England were months back and forth and emergency
reinforcements from any British troops on the continent were weeks
away meant that the General captured was the end of the war.

Today the US goes into revolt, collapse, anarchy, call it as you will
it will not happen in the vacuum of time they had in the Revolution.

First sign of the US being fractured the vultures will pour in so fast
you will think you are on another earth.

Florida will have the army of the people sent here and backed by Cuban
and South American troops to help them. The east cost from SC to NY
will be a Beirut type free fire zone. The large concentration of
population with no knowledge or ability to feed itself will make "THE
ROAD" look like a Disney film.

The US Army or what is left of it will be spread thin. Concentrated
around what ever areas the President and the Army think important.
Nuke sites, DC, some of the ports. A power plant or TV station here
and there.

Hawaii, and all points west toward Asia will be taken into
"protection" by Japan or China. Whoever can get there and hold it
first.

Russia will help overthrow any troops left in Alaska to free the oil
fields for the native peoples long oppressed by the western
capitalist.

Oregon, Washington, California will be patrolled by the Western States
Freedom Army with the benevolent help of 2 million Chinese troops.
Southern California is worse than the East Coast. The water from CO
got turned off early on. It reverted back to its natural state,
desert, in about twenty minutes. China is providing water for
information on traitors to the people, and those who swear allegiance.
Or you can drink sea water.

The South West states fall in here and there. Some will be pulled into
the California collective, others will be raiding areas for
generations of South American countries with an eye for payback.

Canada supports the US openly but privately realizes that the US Army
is spread thin and that the nukes along the border in Montana,
Wyoming, Idaho, North and South Dakota can not fall in to the hands of
others and mobilizes its troops to seize and hold the silos and
missals until the US Government is in a position to reclaim them.

1000 little guerrilla groups and "True Constitution" militias spring
up. As no two agree on what the true constitution is they spend most
of their men, ammo, resources, and good will of the people fighting
each other.

The US once broken will never reform. Its time as a superpower, in
fact a world power will be over. I will just hit the basic points here
that people miss when they talk about a country or society falling.

Roads are gone. No repair or maintenance. I have seen paved roads that
had been neglected for 5- 6 years. They looked like they have been
shelled. You have local guys who will fix the local roads? Can they
produce asphalt or concrete in house? Because you are not getting
supplies in from outside of your area.

No interstate trucking, means no interstate trade, means limited food
coming in from out side your area.

Everyone you know who takes insulin is Dead. Everyone with a medical
condition that requires medication is Dead! Aids? Dead! Heart attack?
Dead! Pacemaker, Dead when the batteries go or the body starts
rejection with out the needed drugs.

Antibiotics can become toxic after a couple of years. New ones are not
coming in and you can't grow penicillin. People will die of infection
in cut fingers.

Power grid? Gone. If you have a power plant in your town you better
hope it is next to an oil well or coal field, or it will be dead in
days.

Point is NOW is when you stop this. Everyday you do whatever is
needed to keep it from happening. As long as the election system
works, go with it. No matter who wins.

I read a lot of survival experts on the Internet who have all the
answers. As long as what they are prepared for happens. If it doesn't
go according to the script they have in their head then they are
screwed.

I wish I had the money to fly some of those people to Somalia, or
Afghanistan, or Chechnya, so they could see what the end of
civilization looks like.

[soku]

Paging suku

got your weekend indicator on test, I name it suku, seems to work better on 5min then 15 as suggested.

Paging SOKU or BullBear52x. I converted your indicator for Prorealtime but seems to have lost something in translation. Do you think you could take a look at the code? Seems to be too low, histogram always below 1? 0.583 etc.

not familiar with yr platform. delete the 30 and 70 lines and see what happens. i started from a standard wilder rsi. and i chose not to turn on the rsi line and overbot oversold

[FinancePhD]

I am trapped with my VXX holdings. Hope we can see some hope by the end of this week...

I think we just saw the selling climax on put prices... perhaps a washout sell event.

On the TVIX, I see a volume spike and panic sell. Exactly what I've been waiting for.

Added more long TVIX, now fully loaded. Let's see what happens the next two days.

VIX may have bottomed, ETNs of VIX like TVIX may have more downside, maybe even one more panic sell event, but willing to eat the loss to see if I can catch the turn and ring in another great trade for 2012.

[Xian]

$VIX low on day (?)

Etta James…..http://www.youtube.com/watch?v=lMjaVkxn ... re=related

In light of today's action and to keep with the Etta theme....

http://www.youtube.com/watch?v=rAH97-TDFzk

[Major]

14:57...TWO MASSIVE HFT QUOTE STUFFS!

This is criminal. I've gone to funerals of young men who died for this country for this crap. It makes me sick. This is almost assuredly with Fed involvement.

$25B nationwide mortgage deal goes to states
http://www.google.com/hostednews/ap/art ... 7i-7BX_FVQ

Wonder if this is an excuse for the first volume explosion at 2:55. Above article not time stamped by Google but reference to it by Seeking Alpha shows time stamp of 2:53.

[BullTart]

I think we just saw the selling climax on put prices... perhaps a washout sell event.

On the TVIX, I see a volume spike and panic sell. Exactly what I've been waiting for.

Added more long TVIX, now fully loaded. Let's see what happens the next two days.

VIX may have bottomed, ETNs of VIX like TVIX may have more downside, maybe even one more panic sell event, but willing to eat the loss to see if I can catch the turn and ring in another great trade for 2012.

You're all in with TVIX?

Yup, for now. Due to profits, I am willing to take some losses to see what happens the next couple of days.

Let's see what Mrs. Market is hiding under the kimono.

Be greedy when others are fearful. Be fearful when others are greedy.

Right now, I sense fearful panic selling across TVIX holders. Time to get greedy.

[jarbo456]

[quote="SWalsh"]NOT TRADING RELATED:

I was sent this from someone who know this man as he lives in America now. It's worth reading in case someone at a party starts talking of things they do not know! I believe this is quite sage advice.

---------------------

SWalsh...i like you man, and i think you have some insightful posts, but dood, who spends their time actually writing this out? makes me go, "hmmmm...meds?" i guess i'm just a mindless lemming, but i think the dooms-dayers are kind of a wacky bunch. almost as bad as the the zombie-pocolypse preparer's...almost.

couple things everyone should know how to do, as was said by some hedge fund guy back in the pit of 2008, "use a gun, and farm". that's a given. everything else, like zerohedge, is a waste of money...

just my humble opinion...

[tdo722]

I think we just saw the selling climax on put prices... perhaps a washout sell event.

On the TVIX, I see a volume spike and panic sell. Exactly what I've been waiting for.

Added more long TVIX, now fully loaded. Let's see what happens the next two days.

VIX may have bottomed, ETNs of VIX like TVIX may have more downside, maybe even one more panic sell event, but willing to eat the loss to see if I can catch the turn and ring in another great trade for 2012.

You're all in with TVIX?

Yup, for now. Due to profits, I am willing to take some losses to see what happens the next couple of days.

Let's see what Mrs. Market is hiding under the kimono.

Be greedy when others are fearful. Be fearful when others are greedy.

Right now, I sense fearful panic selling across TVIX holders. Time to get greedy.

Haha, always love Buffett.

[Cobra]

hey, guys I'm back. I see bulls have another victory today ha.

[soku]

market stubborn. close could be strong. i don't want to stand infront of the train. as long as it could not take out 1318 high, it will retest 1305 one more time imho.

[Travelfrog]

Paging suku

got your weekend indicator on test, I name it suku, seems to work better on 5min then 15 as suggested.

Paging SOKU or BullBear52x. I converted your indicator for Prorealtime but seems to have lost something in translation. Do you think you could take a look at the code? Seems to be too low, histogram always below 1? 0.583 etc.

not familiar with yr platform. delete the 30 and 70 lines and see what happens. i started from a standard wilder rsi. and i chose not to turn on the rsi line and overbot oversold

Thanks, it does work better as a histogram, but it appears to be very similar in signal generation to the Hull Supertrend that I use anyway.

[Cobra]

as you all know now, since this is the 2nd test of the previous high, no failure is allowed.

[jarbo456]

as you all know now, since this is the 2nd test of the previous high, no failure is allowed.

ehhhh...it's the bulls...they can have as many tries as they want.

[SB73]

hey, guys I'm back. I see bulls have another victory today ha.

Cobra based on my study I would say that the next pullback should be stronger. Is this an accurate assessment. I am neutral for now.

[soku]

just share what i am reading. a friendly reminder, this guy is bearish for a while.
David Rosenberg agreed with this veiw point in today's missive:

* "Most measures of market sentiment are back to where they were last May just when the S&P 500 was peaking.
* Short interest has dried up to three year lows.
* The VIX closed the week below 20 for the first time since last July.
* As Mike Santoli points out in Barron's, volume in leveraged ETF's versus bearish ones has risen to levels that in the past touched off interim market pullbacks.
* Credit market indicators have lagged well behind the improvement in equity performance.
* The S&P 500 is three standard deviation points above its 20-day moving average.
* Again, as Barron's points out, the ratio of the 15-day volume puts on the S&P 100 Index to bullish call volume hit 2-to-1 last week - this happened in the February 2007, February 2011 and April 2011."

[Cobra]

well, I guess that's it for today. as I said no failure allowed here. thank you guys I'll see you tomorrow.

[L_T]

Many indicators and comments here makes me want to go short but seeing no trend lines broken i.e. SPY still up, VIX still down, etc. my brain says not to front-run.

[TraderGirl]

Bonds still holding on....

[Cobra]

hey, guys I'm back. I see bulls have another victory today ha.

Cobra based on my study I would say that the next pullback should be stronger. Is this an accurate assessment. I am neutral for now.

yes, the next pullback should be bigger than today's.