03/12/2012 Intraday Watering

[Cobra]

so far looks like a Bull Flag, bear really need show strength here.

[uempel]

Signal worked nicely - but there was no follow-through.

[btran874]

Low risk setup buying TNA stop loss RUT LOD.

[stucap]

Falling wedge now getting more bullish -- inverted H&S forming. Bears gotta break the LOD or they are TOAST!

[Harapa]

$SPX TD trend line (60 minute @ 1367.55) at risk, BD target 1357.58

ha what a number. we getting there for sure

BD, targets

[btran874]

Low risk setup buying TNA stop loss RUT LOD.

Target is 830. LoL

Risk 1 point, gain well well well...

[Cobra]

Cobra,

VIX with 4 significant gaps down. Does today look like an exhaustion gap to you?

I'm not sure if VIX gap really means something.

[stucap]

Ok Bears -- remember -- you must massacre the previous LOD or else it becomes a double bottom and even more bullish! BOING!

[L_T]

It's already broken down below LOD. 5 minute chart has TNA making lower lows and lower highs since about 10 am today. Also below pivot point of 59.06 which is now resistance.

I'm short TNA so I'm watching it like a hawk today

Low risk setup buying TNA stop loss RUT LOD.

[Cobra]

key time, bulls are trying to make a double bottom here.

[tigerwang9999]

VIX reversed. any idea to buy UVXY?

[TWT]

VIX : Today it could establish a multi-day bottom

(thewavetrading.com)

[btran874]

It's already broken down below LOD. 5 minute chart has TNA making lower lows and lower highs since about 10 am today. Also below pivot point of 59.06 which is now resistance.

I'm short TNA so I'm watching it like a hawk today

Low risk setup buying TNA stop loss RUT LOD.

That's the risk.

Perhaps my stop loss is too tight, who knows, I'm not betting.

[stevej]

Cobra, you had a chart that showed vix breaking to the down side from a triangle; you said it is the last push down? What did you mean; it will now head up, or it is the start of another wave down which would be bullish for the market? Thanks

[stucap]

Descending Triangle (light blue lines)??? NO way this works!!

[Cobra]

the 3rd touch on the low, not good looking, bulls really need hold here.

[soku]

es retesting 1361 1 more time. if considering overnight session, it is the 4th.
3rd time is charm. 4th time,per gann, is a break.

[Cobra]

breakout on the downside as I said "not good looking".

[stucap]

es retesting 1361 1 more time. if considering overnight session, it is the 4th.
3rd time is charm. 4th time,per gann, is a break.

Someone forgot to tell the bulls that.......They still think BTFD.

[uempel]

Checking the RSI: