03/22/2012 Intraday Watering

[TWT]

DOW: leading the market down, and quickly approaching the critical support zone

[jinming]

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ?

[jarbo456]

GS' Stolper recommends selling USD/JPY at 82.8 with stop at 84.50. Time to go long!

lol

http://www.zerohedge.com/news/stolper-a ... es-fadance

[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

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.

Gotcha,sorry for leak

[uempel]

I'm not betting on a bullish move, but there is support at 1390ish...

[btran874]

Wow, very strong C wave. Reached 2.618% on Dow. Well, that's all folks. Even if there's a 5th down on Dow, it won't go far below 13000.

[BullBear52x]

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ?

VXX mess everything up.

[Jose]

Update on S&P 500

[btran874]

Bought UPRO 1000 shares. No fear.

[Cobra]

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ?

TVIX doesn't reflect VIX futures anymore, it's on its own because it's a closed ETF now.

[jarbo456]

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ?

TVIX doesn't reflect VIX futures anymore, it's on its own because it's a closed ETF now.

they should really change the name for TVIX...it's no longer a 2x VIX Short Term ETN anymore...

here's a decent and simplified explanation as to why these levered etp's have to be rebalanced all the time, and even when they are, they still tend to go haywire.

http://sixfigureinvesting.com/2012/03/t ... olatility/

[KENA]

FYI..Here is a chart of longer term of the Shanghai Index..It has been tending dn for some time.

[wayne0708]

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ?

I believe TVIX has been trading at higher premium than its NAV which is ^TVIX-IV

% Premium = ((ETP / NAV)-1)*100

ETP: exchange traded product (could be ETFs or ETNs)

[KeiZai]

Mels info

[KENA]

Forgot to add, chart is from stocktiming.

[shumushu]

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ?

TVIX doesn't reflect VIX futures anymore, it's on its own because it's a closed ETF now.

they should really change the name for TVIX...it's no longer a 2x VIX Short Term ETN anymore...

here's a decent and simplified explanation as to why these levered etp's have to be rebalanced all the time, and even when they are, they still tend to go haywire.

http://sixfigureinvesting.com/2012/03/t ... olatility/

Interesting read, could this explain the reason why we have these sudden vix drop of 5-6% for a few minutes then a quick recovery?

[Jose]

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ?

TVIX doesn't reflect VIX futures anymore, it's on its own because it's a closed ETF now.

they should really change the name for TVIX...it's no longer a 2x VIX Short Term ETN anymore...

here's a decent and simplified explanation as to why these levered etp's have to be rebalanced all the time, and even when they are, they still tend to go haywire.

http://sixfigureinvesting.com/2012/03/t ... olatility/

Interesting read, could this explain the reason why we have these sudden vix drop of 5-6% for a few minutes then a quick recovery?

I also recommend you this article http://seekingalpha.com/article/428511- ... pportunity

[Cobra]

resistance. usually the fastest reversal pattern would be like this, so at least today's low will be revisited (maybe higher low though).

[uempel]

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....

TraderGirl, my supports are here:

[SWalsh]

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 ...

I prefer not to say who but let me say that on August 9th they crashed the servers purposely after the Fed announced (essentially) "we got nothing but low rates forever". O read that Nasdaq hit 92% of capacity at one point and 100%+ shuts them down to a reboot that they have never done and wipes all orders out.

I exited the first 1/10 % of a very large put position at a channel line it was hitting at a 400% profit. I had orders lines up for various prices and clicked the 2nd one and my platform was dead. Then my option quotes read things like this for 90 minutes as GS announced the Fed said QE3 was coming.


Bid Ask
!-$6t5 8$%-!

I consider myself a constitutional conservative. IOW, leave me alone and follow the rule of law (fat chance with this bunch of pond scum). But this brand of capitalism needs to be regulated as it used to be or shut down, for it is going to cause Greek styled revolution as they are making propaganda against them to be nothing but fact.

It was a great month, I thought, on August 9th and a perfect plan. And I was told, "We're really sorry" the next day by a supervisor how sorry they were that it happened, "but it wasn't just you". As if that matters to my P/L. Earlier in the day a put option order was not getting a market fill for 20 minutes. They told me 4 of their option guys had stopped taking orders. This was at 12 Noon. So that leads me to believe that somewhere in the mix, the floor and desks, knew things were going to be bad. They e-mail my account agreement when I said I wanted the position and an adjustment, saying I agreed not to hold a market maker responsible.

Let me repeat: THE EXCHANGES EXIST TO MAKE THE MEMBERS MONEY

And they will F**K you at will and they have rules that allow for it when an arbitration comes up.