03/06/2012 Intraday Watering

[BullBear52x]

Tomorrow should be the day to sell the hell out of TZA ha? for the guys who doesn't know how to buy anything

[Cobra]

well, test the low for the 3rd time, not a good looking chart for bulls. chances are it might break down.

[waverider]

Tomorrow should be the day to sell the hell out of TZA ha? for the guys who doesn't know how to buy anything

lol, it's annoying they drop the tape mostly overnight!

[Harapa]

L2 (134.84) of SPY range for today that I posted earlier is heavily defended. A breakdown could be of significant consequence.

[BullBear52x]

Tomorrow should be the day to sell the hell out of TZA ha? for the guys who doesn't know how to buy anything

lol, it's annoying they drop the tape mostly overnight!

yep, Overnight spanking game they play on both side.

well, we all know once $NYHL turning red, things will get nasty before it gets better.

[Al_Dente]

Senor
u in a meeting or what?

[Cobra]

ok the target I gave this morning was reached.

[btran874]

2 more points hit me, hit me, don't u rebound now, silly girl SPX.

[Cobra]

here's another target.

[SB73]

Senor
u in a meeting or what?

Actually back in TVIX at 17.20 stop is at 16.98. It looks like it might have a target of 18.20ish. Trying not to overtrade this bad boy, but the bulls look pathetically weak to this point. Nonetheless, I am always afraid of a potential ramp job.

What are you looking at Senor. By the way, the best instruments that seem to be giving the best turn signals which are often are NUGT and DUST.

[waverider]

Tomorrow should be the day to sell the hell out of TZA ha? for the guys who doesn't know how to buy anything

lol, it's annoying they drop the tape mostly overnight!

yep, Overnight spanking game they play on both side.

well, we all know once $NYHL turning red, things will get nasty before it gets better.

Yep, and we all know to short a rounded top when SOX, TRAN, and BKX are lagging INDU. Cool video of the may 6, 2010 flash crash, "paper comes in a big seller!" ha.

http://www.youtube.com/watch?v=E1xqSZy9_4I

[TraderGirl]

Dow's 23.6% retracement is at 12,744... SPX's is at 1336...

[TraderGirl]

March 7-8 is the potential for a big reversal and big range day for silver, so anyone short silver/gold, should think about taking profits here....IMHO..

[Petsamo]

long X @ 25.16, 100 shares

[Cobra]

just a reminder here: usually 5 red hourly bars means rebound, 5 green hourly bars is nothing, but 5 red hourly bars means bears be care.

[fehro]

should we find some kind of support here... H&S? chop around till March Madness is over? or daily looks like 1321ish is in the cards... 50 Day SMA

[Mr. BachNut]

Watching Vix, spike low on mcclellanosc, touching upper BB....

Yeah, mcclellan is numerically in oversold territory, but I don't know how much weight to give it in terms of bullish interpretation. One of the things we figured out over the weekend is that the way the math works, you get negative numbers when the advance/declines go flat after a big rise. A good chunk of the current negative oscillator is from topping action not dropping action. So, while a bounce may be suggested in the spike low, there is room for this oscillator to look more oversold than the market actually is at the moment. It may make sense to put more weight in other indicators short term. Just a thought.

[jimme]

Just sold BRCD puts and BAC puts right here. Will look to go long somewhere in here for a daytrade. GLTA jimme

[KeiZai]

Tomorrow should be the day to sell the hell out of TZA ha? for the guys who doesn't know how to buy anything

lol, it's annoying they drop the tape mostly overnight!

yep, Overnight spanking game they play on both side.

well, we all know once $NYHL turning red, things will get nasty before it gets better.

Yep, and we all know to short a rounded top when SOX, TRAN, and BKX are lagging INDU. Cool video of the may 6, 2010 flash crash, "paper comes in a big seller!" ha.

http://www.youtube.com/watch?v=E1xqSZy9_4I

heh like announcer on horserace

[waverider]

March 7-8 is the potential for a big reversal and big range day for silver, so anyone short silver/gold, should think about taking profits here....IMHO..

The daily bar still looks fine for the bears, don't see any reason to yet.