01/27/2012 Intraday Watering

[Al_Dente]

PAGING GOLD, SILVER and WAVERIDER
“The Federal Reserve on gold and silver”
http://www.marketwatch.com/story/the-fe ... atest_news
Even more interesting “analysis/kool-aid” found when u click the embedded link to Aurora Report; glance at 5 stages charts…

Yes, the policy is quite bullish for both until 2014, thanks for the link. How many days has it been since SPY has broken a trendline?

wave
Funny, I read it as bear pm intermediate term to longer…!!
Now that we now the Fed CPI target for “certain”, let us use it as guide to pm (?)

[waverider]

Lots of doji's on /es above the EMA, bear flag?

Al, I agree that OBV is a great indicator. Yesterday, it continued to drop as money flow bottomed on TVIX and popped higher. Also note unusual volume.

[SWalsh]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

what time frame ?

any timeframe, we sold off for like 3 or 4 hours yesterday that's enough to make the market super oversold and primed for a huge bounce.

Any thoughts on this chart then?

[EvilTrader]

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%.

Great contrarian play against dumb money, as usual.

[waverider]

Good Morning

http://www.99ercharts.com/2012/01/26/lets-go-skiing/

Couldn't resist.

TGIF and GLTA.

99, nice artwork, you are talented!

[KENA]

Stocktiming.com shows a VIX chart in a decending wedge and ready to break out.Breakout is up 90% of the time.There is some hope for the bears in the next 5-7 trading days or before. Also the # of strong stocks to carry the mkt are declining.So as always lets see.

[L_T]

This system courtesy Rolf Bertschi/Credit Suisse shows that SPX is slowly rolling over - no upwards momentum on weekly and daily and downwards pressure slowly increasing. Interesting that BPSPX rose a bit yesterday - don't quite understand the divergence. My guess is that BPSPX will turn down and follow the CS system, which is more precise.

CS2.png

I like that chart. Interesting way to view that data.

[uempel]

SWalsh: Any thoughts on this chart then?

[Al_Dente]

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Wave
U have OBV chart u could post?
TIA

[Anaconda]

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%.

Great contrarian play against dumb money, as usual.

I have been biding my time. Sentiment indicator - from Sentiment-Trader - is one of my favorite signals. We are at or near a long-term top in the markets, per bullish sentiment. We might be due for one last pop up (around 134ish on the SPY), but I'm not relying on luck. 20% short position (SDS March calls).
GL,
A

[Al_Dente]

[EDIT wave i just saw yr OBV on tvix thanks]

[stucap]

Redemption day will come for the bears but from the looks of this, it isn't going to happen until we test the 1350-1370 range. FML.

[uempel]

This was funny - some guys just don't want the market to tank.

[stucap]

This was funny - some guys just don't want the market to tank.

ww.png

really? that's a shocker

[TWT]

DAX: Adjusting the s/t count.
Still sideways unless one more down leg = impulsive move down

[lcgllc]

This was funny - some guys just don't want the market to tank.

ww.png

yeah like the 85% of equity market that is long only

[SWalsh]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

what time frame ?

any timeframe, we sold off for like 3 or 4 hours yesterday that's enough to make the market super oversold and primed for a huge bounce.

Yeah? And we bounced over 100 SPX points from end of Nov. Overbought to me

As Sam Kinnison said to Rodney Dangerfield in "Back to School"....."I'm going to be watching you"

Great scene:
http://www.youtube.com/watch?v=Fj5k6toS7i8

[uempel]

This was funny - some guys just don't want the market to tank.

ww.png

really? that's a shocker

Losing money?

[wayne0708]

some resistances here. I won't hope much though.

resistance seems weak

[jarbo456]

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%.

Great contrarian play against dumb money, as usual.

I have been biding my time. Sentiment indicator - from Sentiment-Trader - is one of my favorite signals. We are at or near a long-term top in the markets, per bullish sentiment. We might be due for one last pop up (around 134ish on the SPY), but I'm not relying on luck. 20% short position (SDS March calls).
GL,
A

do you find the decay in SDS and theta in the calls to be a problem holding options on the levered etfs?