10/08/2012 Live Update

[Petsamo]

P bar 140.70

Not present on ScottradeElite

[Al_Dente]

harapa
got it thanks

[joe-gamma]

30 min
IWM and QQQ are below 9/13 QE (pink)
Both are testing trendline support

108thirty.png

Wise AL: vxx had a split, not sure if the quadruple volume on stockcharts should be 1/4 or not, take it with a grain of salt http://seekingalpha.com/article/900361- ... an-for-you

[daytradingES]

P bar 140.70

thanks for the heads up BB12.

shows at webroker (TD canada)

[Al_Dente]

oy
aapl trying to test low on day???
higher low at the moment

[Cobra]

ok, it's not double bottom but since it's testing the morning low, so still key time, neither bull nor bear can afford to lose here.

[Al_Dente]

bla bla

AL: vxx had a split, not sure if the quadruple volume on stockcharts should be 1/4 or not, take it with a grain of salt http://seekingalpha.com/article/900361- ... an-for-you

good point joe thanks

[Cobra]

the 3rd touch of morning low, not good for bulls as triple bottom is rare.

[joe-gamma]

oy
aapl trying to test low on day???
higher low at the moment

amelia aapl.png

your grankids find you the BEST pics!

[Out of Bounds]

SOLD everything. - even long term core positions. Sitting on cash. All out- even my Lowes (LOW) stock. May not trade the rest of this week as I sense a lot of choppy churning yuck.

[Out of Bounds]

I need to change my avatar.

[joe-gamma]

so far looks like a bear flag but I'll give bulls more times. again today'd be slow, so just relax, no big guy would sell into thin volume, simply too expensive.

Unless they see it as a prime opportunity to push down hard and buy cheaper on expectations that midway thru earnings there will be another retest of highs...

seems retail news suddenly turned overly PESSIMISTIC for lil guys? almost AS IF the big guys intend to buy it all cheaper, question is when and where

[uempel]

Hi Harapa

May I ask: what time frame do you use on the inverted vixes which you showed us over at the blog on Saturday? Were those dailys?

I read here that you saw a sell signal Friday afternoon on a 5 min inverted VIX on SPY. So my second question is: did you backcheck the success rate with a 5 min, does it have the same positive results as with those other inverted vixes, the ones you showed over at the blog?

I'm asking these questions because those charts you showed us were quite impressive

I've been in this business for quite a few years without giving much attention to vixes. Why? For me buying vixes is like buying fire extinguishers. And I don't necessarily see a correllation between fire estinguishers and fires. Of course, vixes do show a fear factor, but we don't know if it's the owners of real estate who buy the fire estinguishers - or if it's just some big boys who want to play/corner the fire estinguisher market - i.e. guys who buy naked speculative positions.

It's a bit like the oil market - we never know what's for real and what's the speculative side.

Harapa, I liked your charts very much and I might have to review my opinion

Thanks for your input.

[Cobra]

breakdown but not confirmed yet. tinted area the target. not sure.

[Jack12]

I need to change my avatar.

Its because they smoke all the green stuff!!

[uempel]

Checking out weekly:

[Al_Dente]

harapa
here is the 15 day view of invisible VIXes with ribbon MAs (inverted except for XIV ribbon is not inverted)
based on the bb52x version, but different MAs

[joe-gamma]

new lows in RUT, Not IWM but no new lows in nyad, no new highs in nydec, yet, seems prime for a short squeeze....
any thoughts on VIX here?

[joe-gamma]

wonder how BB's walk is progressing??

Good 15min bull bars on qqs and iwms here

[joe-gamma]

here are NZ futrs 144 minuts bars, looks to be done to the south on this bolband