03/19/2012 Intraday Watering

[Cobra]

see poll here, viewtopic.php?f=9&t=489, we don't any many people interested in poll anymore and now it seems finally more bears gave up.

[KeiZai]

tvix is now cheaper than XIV

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

[BullBear52x]

see poll here, viewtopic.php?f=9&t=489, we don't any many people interested in poll anymore and now it seems finally more bears gave up.

40% bears left too high, 30 % or less will be market top.

[Petsamo]

We have a pullback

[Cobra]

still is consolidation so still good for bulls.

[BullBear52x]

Bradley turn dates got thrown out the window again hahaha

[BullBear52x]

for those who wonder what I use to trade my TVIX with, here it is I transfer to Stockcharts so it's easy to read. Buy-Oyay

[Cobra]

ok, consolidation then breakout on the downside, interesting, nowadays consolidation seems always mean downside. anyway, still I see no threat to bulls as it could be bull flag.

[Cobra]

fib info.

[Denali92]

see poll here, viewtopic.php?f=9&t=489, we don't any many people interested in poll anymore and now it seems finally more bears gave up.

That is an interesting one - I must admit I am EXHAUSTED by the move - from my turning point work - there has not been a turning point that was a BUY point since Dec opex and there has only been ONE Hourly buy signal ALL year - which is EXTRAORDINARY!

I have had a host of SELL signal turning points - the latest right now predicts a MAJOR TOP as it is post FOMC w/o a pullback and post QUAD opex that was up all week - Monday Low and Friday High - also calls for a MAJOR top - but with just two pullbacks this year and only the Jan post FOMC pullback correlating with historic precedents, it is tough to get excited either way by this market...... if your indicators and approach are not working - you need to stay out or trade much lighter, right?

THANKS for the perspective!

-D

[BullBear52x]

Look at internals here, LOL .....but the chapter for bears is short one so if we trades back above 141.15 I'll bail my intraday position. 141.15 is my number.

[SB73]

see poll here, viewtopic.php?f=9&t=489, we don't any many people interested in poll anymore and now it seems finally more bears gave up.

That is an interesting one - I must admit I am EXHAUSTED by the move - from my turning point work - there has not been a turning point that was a BUY point since Dec opex and there has only been ONE Hourly buy signal ALL year - which is EXTRAORDINARY!

I have had a host of SELL signal turning points - the latest right now predicts a MAJOR TOP as it is post FOMC w/o a pullback and post QUAD opex that was up all week - Monday Low and Friday High - also calls for a MAJOR top - but with just two pullbacks this year and only the Jan post FOMC pullback correlating with historic precedents, it is tough to get excited either way by this market...... if your indicators and approach are not working - you need to stay out or trade much lighter, right?

THANKS for the perspective!

-D

Denali,

You nailed it which may explain why volume is anemic. I have noticed that I am trading significantly small positions and less often. Very few trades over the last couple of weeks.

[BullBear52x]

My lead man says get out of short and buy, WTF? well, I am done today. going for a walk now.

[OverUnder]

Hey Cobra, just got in and saw your first post with your stockcharts link. Didn't know you had that, some really great stuff there, thanks!

[TraderGirl]

Bradley turn dates got thrown out the window again hahaha

Looking back, Bradley turn dates have affected the market up to 7-8 days before or after date, so potentially, March 23/24th...we'll see...

[jimme]

see poll here, viewtopic.php?f=9&t=489, we don't any many people interested in poll anymore and now it seems finally more bears gave up.

I did vote and I am short, but so sick of the no volume up moves. Someone last week said it best.

"IT'S LIKE BEING IN A STORM BUT YOU NOT GETTING WET."

Am still short SMH and SKX. GLTA jimme

[knurbs]

Bradley turn dates got thrown out the window again hahaha

Looking back, Bradley turn dates have affected the market up to 7-8 days before or after date, so potentially, March 23/24th...we'll see...

Sorry, but turns dates have proven worthless in this non-carbon based trading environment. Please refer back to each of your earlier comments in regard to turn dates and let me know how that worked out for you? The machines are programmed to prey on traders that follow these events. You would be better off doing the opposite. FWIW

[rola]

BAC hard down (5 %)!!??

[Cobra]

Hey Cobra, just got in and saw your first post with your stockcharts link. Didn't know you had that, some really great stuff there, thanks!

Thanks.

[Cobra]

no comments. I'm neutral. this still looks like a bull flag though.