08/09/2012 Live Update

[Cobra]

triangle, so the bias is up?

[usctrojan99]

Nothing bearish so far...

It depends on what time frame your in........there is plenty of bearish indicators......negative divergence all over the place and

positive divergence on the VIX.......will we get one last push......probably , they are trying to milk this for all they can before the drop......

the bulls are all set up to buy on any drops......

bears are ready to just get out even.........that is how down legs work

Agreed. Short-term (this week), I don't see anything bearish. Over the next week or two, I think it's a toss up. We're going to be range bound, and that's going to squeeze a lot of premium for those buying options. If you're writing options, you must be loving this.

[OverUnder]

LET'S TURN THIS MOTHER OUT

I NEED TO BUY MORE CANDY

[MrMiyagi]

triangle, so the bias is up?

Quit saying that!

[Al_Dente]

I know…. I’m “beating a dead” wuss here
But….. as The Squid would say:
I am increasingly ineffective in dealing with the growth in the size and complexity of my portfolio…

[edit: oy]

[rc1269]

lots of comments on TLT... trying to predict moves on the TLT without understanding the bond market is a little odd if you ask me. TLT the security is merely a passenger on the UST 30 bus. there was a 30yr auction today. see my post from earlier; the afternoon bounce was a 95% probability event.

[OverUnder]

Triangle so the bias is up.

triangle, so the bias is up?

Quit saying that!

[victorm]

I vote for a lower high then retest of the lows, whos with me ?

and 1350 next week...

[quientuves]

I vote for a lower high then retest of the lows, whos with me ?

Me too. But i'm usually wrong, so...

[HuyVanLang]

I think market is going side way to the end of this week, that's because of the Olympic. Next week will be more actions. It's best to go fishing for now.

[davegordon14]

Is VXX at an all-time low? Things can't be this boring forever, can they??

[noob]

Is VXX at an all-time low? Things can't be this boring forever, can they??

Wait for the reverse split first

[MrMiyagi]

Is VXX at an all-time low? Things can't be this boring forever, can they??

Wait for the reverse split first

Look at TVIX.

[Cobra]

now it looks like a descending triangle. no strong conviction.

[jdow]

Boy do I miss the dark pools and hft's moving the mrkt's 1 - 2 % per day....

[usctrojan99]

now it looks like a descending triangle. no strong conviction.

Coiled spring and then higher? I lean on range bound until next week (1395-1405).

[KaZoom]

CObra:

Can you take a look at this chart and tell me what you think?

TSX cumulative Adv-Dec volume shows a huge bullish divergence:

http://stockcharts.com/h-sc/ui?s=$TOUD& ... &cmd=print

Thanks.

[MrMiyagi]

Buying back the September 30 calls I wrote on TZA.

[Nrsimha]

Crude dropping

[Al_Dente]

bot buying