02/10/2012 Intraday Watering

[shumushu]

VIX going up way too fast, we are touching the upper band of BB.

[btran874]

TVIX is taking off like crazy...

Oh my god, this market gonna crash. S&P only drops 13 points from the high of 2012 and TVIX is up almost 50% for the past 3 days. Something is not right. Obama is in trouble if this economy tanks.

So if S&P drops 50 or 100 points TVIX will be???

[thanos]

thanos, it sounds as if you are getting a little flustered now, maybe you should take some time to cool down. And I think you are completely out of line with your comments, as Cobra should block you from this blog. If you don't like the things you read on this blog, I don't understand why you continue to be here. Are you someone who only wants to create conflict wherever you go? You certainly cannot let things go, you have to continue your rant like a petulant child. I will not indulge in your rants, and I will not explain anything I do to you, it is a complete waste of my time. At this point, I am hoping that everyone here sees you for what you are and just ignore you completely. You have nothing to add but negativity. I will no longer respond to you....

That is exactly how i expected you to respond. With nothing of any substance. "Grrrr just leave me alone unless you are going to agree with me!" I thought Cobra wanted an open forum. I guess the moon and stars didn't predicted this conversation.

No i'm getting "I would explain but you have been mean to me!". Whatever, sorry for trying to have a discussion.

BTW: Don't blow all your poor husband's millions on the market while he continues to provide for you.

[BullBear52x]

I hope Cobra's board does not turn into Daneric board which mostly cursing and swearing from morning til the wee hours.

It wont, but all of us need to put the foul mouth on the ignore folder. we need less distraction as much as possible when trading. no news no phone

[waverider]

TVIX is taking off like crazy...

yep, that was quite a gap to fill, it failed in that hole, volume was quite hot.

[soku]

I hope Cobra's board does not turn into Daneric board which mostly cursing and swearing from morning til the wee hours.

It wont, but all of us need to put the foul mouth on the ignore folder. we need less distraction as much as possible when trading. no news no phone

no news no phone? considering my role in the rumor chain, it is way too strict.

[SigmaEcho]

keizai, I went over your DAX chart and my dates and it makes sense, we will have to see how it plays out....

dcurban, don't know if you saw Keizai's post re: DAX. I put together this chart...what are your thoughts on the cycle data???

my 2 cents.
odds are, lower the market towards opex. max pain currently at spy 131. week after, towards feb 29, when LTRO2 will be accounced probably move up again. if ltro2 comes short (lower than expected), they (banksters) will prob. tank it, forcing politics to insert more tax dollars. if ltro2 high enough, probably skyrocket the market again (with or without a stoprun before).

[Cobra]

thanos, it sounds as if you are getting a little flustered now, maybe you should take some time to cool down. And I think you are completely out of line with your comments, as Cobra should block you from this blog. If you don't like the things you read on this blog, I don't understand why you continue to be here. Are you someone who only wants to create conflict wherever you go? You certainly cannot let things go, you have to continue your rant like a petulant child. I will not indulge in your rants, and I will not explain anything I do to you, it is a complete waste of my time. At this point, I am hoping that everyone here sees you for what you are and just ignore you completely. You have nothing to add but negativity. I will no longer respond to you....

That is exactly how i expected you to respond. With nothing of any substance. "Grrrr just leave me alone unless you are going to agree with me!" I thought Cobra wanted an open forum. I guess the moon and stars didn't predicted this conversation.

No i'm getting "I would explain but you have been mean to me!". Whatever, sorry for trying to have a discussion.

BTW: Don't blow all your poor husband's millions on the market while he continues to provide for you.

I welcome anyway to analysis market. Please don't criticize the other people's way. thanks. You said yesterday that you're going to cooperate today. The way I see cooperation is don't criticize the other people's comment here. Thanks.

[q2model]

thanos, it sounds as if you are getting a little flustered now, maybe you should take some time to cool down. And I think you are completely out of line with your comments, as Cobra should block you from this blog. If you don't like the things you read on this blog, I don't understand why you continue to be here. Are you someone who only wants to create conflict wherever you go? You certainly cannot let things go, you have to continue your rant like a petulant child. I will not indulge in your rants, and I will not explain anything I do to you, it is a complete waste of my time. At this point, I am hoping that everyone here sees you for what you are and just ignore you completely. You have nothing to add but negativity. I will no longer respond to you....

That is exactly how i expected you to respond. With nothing of any substance. "Grrrr just leave me alone unless you are going to agree with me!" I thought Cobra wanted an open forum. I guess the moon and stars didn't predicted this conversation.

No i'm getting "I would explain but you have been mean to me!". Whatever, sorry for trying to have a discussion.

BTW: Don't blow all your poor husband's millions on the market while he continues to provide for you.

WHO ARE YOU TO ASSUME HER MONEY IS HER HUSBAND'S??

[TraderGirl]

I would like Cobra to do a poll to see how many people would like thanos to be banned from the site..
He's just got his panties in a bind because a girl has made more money than him...and it is all MY money, every penny I made on my own...

[Petsamo]

Possible scenario: Finish at the lows today. Monday we gap up and rally all day!

[btran874]

No dip buyers today, oh yay! Does that mean trend change?

[Mr. T]

I see dip buyers......

[waverider]

VIX going up way too fast, we are touching the upper band of BB.

Yep, bears screwed it up unless we take out the lows on /ES

[Denali92]

keizai, I went over your DAX chart and my dates and it makes sense, we will have to see how it plays out....

dcurban, don't know if you saw Keizai's post re: DAX. I put together this chart...what are your thoughts on the cycle data???

my 2 cents.
odds are, lower the market towards opex. max pain currently at spy 131. week after, towards feb 29, when LTRO2 will be accounced probably move up again. if ltro2 comes short (lower than expected), they (banksters) will prob. tank it, forcing politics to insert more tax dollars. if ltro2 high enough, probably skyrocket the market again (with or without a stoprun before).

Makes total sense from an opex perspective - post the holiday on Feb 21st or the 22nd would work well in terms of opex history.

-D

[soku]

No dip buyers today, oh yay! Does that mean trend change?

i think it suggests balanced demand and supply, which may not be a trend change.
overall we have a huge jan rally with below average the volume. this is one reason this rally is not convincing.

[BullBear52x]

VIX going up way too fast, we are touching the upper band of BB.

Yep, bears screwed it up unless we take out the lows on /ES

yeap, look at the action today at 8 am/11:30am, basically the dip buyer got spank today two times already, wait for third charm only take 15 min. to BAMM! got ya moment.

[waverider]

Net 33% decrease in USD longs in the latest COT report. Have a good weekend everyone, thanks for the insights!

I know BB, just a lame trading range all day!

[SB73]

TVIX experiencing more drama than this board....now nobody wants it??? There is a reason you have to raise your stops on this stuff.

[SWalsh]

Ascending triangle ?

a-b-c-x-a-b-c-d-e wave 2 complex correction?

That is clearly 5 waves down. The correction could be more involved, but once finished it "should" see another 5 wave leg down.

As an addendum, when the mkt it dead as a doornail, there is no reliability in wave counts at shorter time frames. The so-called fractal nature breaks down. This should have tanked UNLESS this is going to be a B wave (3 legs) down and we bounce back up to 134.50ish in a C wave to complete a correction. But it has taken much longer than usual to make up it's mind and I don't believe the count can be anything but an impulse wave down that starts something, so it needs one more like it.