03/22/2012 Intraday Watering

[Al_Dente]

straight $TRIN, no invert

[stucap]

so who's getting drunk tonight?

[fehro]

target almost reached, now do we form a H&S? or just another bull flag? Blue channel?

[KeiZai]

TVIX IV catching up TVIX : http://finance.yahoo.com/q?s=%5ETVIX-IV
11%

[SWalsh]

We had a major Bradley turn date on March 16: if you look at the Dow, it made a high on the 16th and has been going lower ever since....

A number of things have missed this year (new moon missed but this could be back to working) thanks to the relentless intervention. But as in the past, they saturate and then correct. Perhaps this all came together.

Algos did a lot of buying today and no one came in to help them and they took a loss. So it's doubtful they will buy into a decline again today. All the H1-B Visa guys are sitting with pads wondering what went wrong.

We really need to blow below the channel lines it's trading around now. A -300 DOW close would put the BTFD crowd on alert that maybe it's becoming STFR time.

FWIW, I had posted a T-Theory chart that gave us two weeks ago as a top from 2003. Missing by 2 weeks is not a big deal as on a monthly it would say a top in March.

[soku]

people talking about stop orders been hit at 1385.25
not sure how it is going to impact the market.

[Cobra]

target met.

[victorm]

I'm with Scotia iTrade brokerage, so, it's ulready 34 min their server is down. Can't login, can't do anything.... They apologise and have no idea when the service will resume. That's real fun ...

[TraderGirl]

Today was a turn date, and I thought it would be to the upside, since all we have done is up, up, up, so looks like it was to the downside. Could be more down tomorrow if we don't hold support at 1390, next area of support is 1378/1380 on bottom trend line. Long term upper channel resistance proved to be formidable resistance zone at 1412ish with an over throw....

[jinming]

target met.

Cobra, what's next?

[Al_Dente]

Here’s a version of Baron von Overslept’s volatility-master, without all his averagie stuff.
Let’s see if this wakes him up

[stucap]

I'm with Scotia iTrade brokerage, so, it's ulready 34 min their server is down. Can't login, can't do anything.... They apologise and have no idea when the service will resume. That's real fun ...

time to change brokers....

[johnnywa]

Cobra,any chance this is your 6.5% move down or do we test high one more time and if failure we setup short postion

[Cobra]

support, key time. bears still need do more!

[BullBear52x]

Here’s a version of Baron von Overslept’s volatility-master, without all his averagie stuff.
Let’s see if this wakes him up

The attachment 322vix.png is no longer available

no over slept just don't want to jinx it. need to see RED on these $HL

[soku]

1385/86 area on es was last week pull back low. there are some fib lines in that area as well. i expect some battle here.

as discussed, around 10:46 some big money unwinding at 1385.25. the drop from 1388-1384 in 4-5 min has no indicator support.
i still think es 1385 area is a short term support (actual 1384). i see some mild correction around.
big picture-wise, we have a better support at 1370-1365 area. bears MUST push the index there.

[TraderGirl]

I'm with Scotia iTrade brokerage, so, it's ulready 34 min their server is down. Can't login, can't do anything.... They apologise and have no idea when the service will resume. That's real fun ...

time to change brokers....

victorm, that is totally unacceptable, you should definitely change brokers...

[Cobra]

Cobra,any chance this is your 6.5% move down or do we test high one more time and if failure we setup short postion

I cannot answer you directly because it's not fair to paid members (I know you're member), just remember the daily chart evil plan? The one I put as Big Picture, check that. Maintain the plan.

[fehro]

bounce to 1396 ish?

[soku]

here is a chart from our disappeared friend

http://twitpic.com/8zqqwv/full