10/17/2011 Intraday Watering

[agnosia]

people do not fight the trend!!!

i see a positive divergence in rsi. looking for a move to 1210 possibly before we head lower. counter trend is ok with tight stops .

[BullBear52x]

IF IFIF
we close here, gap down set up is in place, the IFgap will be below 119, so it's up to the bulls to decide what to do from here. satisfy the bear now or later

I hope you're right brother. So if I read you right, we're headed down either way?...

That affirmative until 120ish

[Al_Dente]

Here’s my trend, percentage comparison, I ain’t fightin anything today
http://screencast.com/t/H9FJyvSS

[Unique]

120.3 -> 120.0 please and thank you. Need a decisive break or else we will test 121.4 again..come on bears unleash the power!

[EvilTrader]

With $NYMO that high, a correction was a given.

We will go down more.

[silicon_beaver]

Just noticed you have "52x" in stead of "52" once more. You still like "52x"?

[SB73]

Cobra, do you have a target for the second leg down?

Measured Move target, I believe it could go as low as 120.36

As an alternative if these are corrective waves 100% is 1196.76 and 161.8% is 1186.57 on the SPX

[BullBear52x]

Just noticed you have "52x" in stead of "52" once more. You still like "52x"?

Model X aha, look meaner and leaner

[99er]

Update

SPX http://99ercharts.blogspot.com/2011/10/spx_2831.html

Half way there?

[jarbo456]

now looks like a descending triangle...hopefully we can have a breakdown now or soon.

[Al_Dente]

NYDEC hod is 2398…. Now 2391….confirming big bear….still

[h2oskier]

Here’s my trend, percentage comparison, I ain’t fightin anything today
http://screencast.com/t/H9FJyvSS

HI Al, anyway you can redo the chart with TVIX?

[silicon_beaver]

Just noticed you have "52x" in stead of "52" once more. You still like "52x"?

Model X aha, look meaner and leaner

Indeed, I like "x". it looks sexy.

[MrMiyagi]

Sideways until the sheisters come back from lunch in 45 minutes or so.

[h2oskier]

I've been watching MACD 1hr on TVIX since June. When ever the lines crosses, this is a point of entry or exit. A few were losses, but in general, $50k of money would have returned net $150k in the last 3 months.

I've revised how I have been looking at TVIX and TNA based on this forum's comments. I've started watching EMA 4 and 30. To me, it all looks as though the markets are heading in a downward direction (for swing trading as oppose to day trading).

I know its not following RUT itself. I'd like to hear some comments from you guys.

Thanks

[Unique]

YEAHHH!!!!! BABBYYYYYY

Bears win! Called it. I'm a happy camper from friday.

[Al_Dente]

PAGING BB52xxxxxxxx
we fill yr spy gap, yes???

[Cobra]

overshot, let's see any rebound here.

[BullBear52x]

PAGING BB52xxxxxxxx
we fill yr spy gap, yes???

Yes, too many people eyeing it also, look further down 120ish.

[Al_Dente]

Here’s my trend, percentage comparison, I ain’t fightin anything today
http://screencast.com/t/H9FJyvSS

HI Al, anyway you can redo the chart with TVIX?

No…. I can just use my imagination on that one