11/03/2011 Intraday Watering

[waverider]

Stopped out for the third time this week. Don't care, if NFP is bad tomorrow I'll short again.

[pady]

Wow you guys are so chatty, Who said Neg D doesn't work? watch this.

It works sometimes in daily and weekly timeframes. I dont trust anything below that. Here is one that failed in a weekly timeframe itself.

[BullBear52x]

....loved amy

loved amy too
do you note a change at about 1:45 today?

Hi apple. not sure what 1:45 was? This covering is relentless…. (nyadv did not yet confirm this new high….not yet)

[PS: Nice one Uempel, love her live]
For all other Amy fans… If you’ve seen Tony’s promos for his new album…. He said (paraphrased) “She was the real deal, like Ella, like Billie, she had it all right there, BIG time…”
http://www.youtube.com/watch?v=_OFMkCeP6ok&ob=av2e

I must missed lots of good music today, Amy Winehouse ha? sad out come for her.

[LOSER]

Tabby:
Thanks for explain. I understand what you said. My question is they 1. are usually not the same proportion, and 2.whether the MMs compare and make the price the same proportion during trading.

[dcurban1]

Something real big must happen Friday morning so that SPX can jump overhead resistance

Groupon gets priced tonight and they need to put a lot of lipstick on this pig to make it a success.

[jarbo456]

i'm sitting 75% short with a loss on today's squeeze higher, but i'm not panicky at all. in fact, i wrote 3 hours ago that we would probably have to face testing 126.4 (with an overshoot - for the usual broker stop hunting machine), before the bears had a chance. i'm always anxious being short the market, but i see this as a very healthy correction to Mon and Tuesday's routs. now it's time for the bears to see what they can do, and barring rumors and intervention, we should see, at the minimum, a visit to 124. i think the market is more vulnerable to bearish news at this point, then it is to bullish news. with the referendum vote headlines out of the way, now it's all about how the EFSF is not going to work.

[proteus46]

SPY headed to 126.46 before end of day

Not much of a re-test of 126.45

[BullBear52x]

load up bears, Laugh at me tomorrow.

[Tabby]

Tabby:
Thanks for explain. I understand what you said. My question is they 1. are usually not the same proportion, and 2.whether the MMs compare and make the price the same proportion during trading.

I don't follow IWM, but $RUT with TZA and TNA have always followed the same patteren except when TNA gets divided once or twice \year.

[Me XMan]

Huh?

load up bears, Laugh at me tomorrow.

[jarbo456]

Huh?

load up bears, Laugh at me tomorrow.

haha. yeah i'm not sure if that means you're bearish or bullish?? lol

[StrikePrice]

you can see it as double top or kiss the trend line goodbye, but the price need breakdown to confirm, don't forget it could be Cup with Handle, so hard to say now, although doesn't look pretty so far.

Wall of worry is what I call it. Nice work today Cobra...tomorrow we find out about that higher high.

[dcurban1]

Look for the Greek government to fall tonight and snap elections. Paps stunt this week lost his main partner and the vote is razor thin.

[tdo722]

Wow you guys are so chatty, Who said Neg D doesn't work? watch this.

It works sometimes in daily and weekly timeframes. I dont trust anything below that. Here is one that failed in a weekly timeframe itself.

Now why would you want to loook for a positive d when the trend is down? I would be looking for negative d in a downtrend. play it safe.

So that means, the current trend is up. It's much safe to look for positive D to get back in for the ride to spx 1292 and above which happened this morning.

[HappyFriday]

FIREWORK !

[xfradnex]

Hi Cobra and anyone:
The price of TNA and TZA up down proportion are often a difference of 0.2-0.5 percent . When TZA down it down more percentage than TNA's up. How do they compare to IWM , I know it is 3 times of IWM , do MMs of TNA TZA IWM interact to each other? Do IWM RUT price actually reflect the Russel 2000 stock's price?

To explain this requires lots of typing, you can search online, lots of discussion there. In short, TNA/TZA do match IWM just they cannot be strictly match especially when the trend is against the fund, they tend to drop more.

IWM mostly reflects the RUT.

Loser,
I have a little time to explain.
TZA and TNA follow $RUT Index.
These are just examples;
$RUT is up 3% so 3x bull etf TNA should be up 3x3% and 3x bear etf TZA should be down by 3x3%. 4RUT up, TNA is up, RUT down then TZA is up. ( look at the % up or down {not actual number} from $RUT and calculate the TNA and TZA.)
so;
TNA is $40 therefore %9 up would be $3.6
TZA is $20 therefore 9% down would be negative $1.80

http://finance.yahoo.com/echarts?s=%5ER ... =undefined look at this chart. Note that there are losses associated with using 3x bull or bear. Note the center line between tza and tna. down 30% year to date. Most losses or non uniformity between RUT and TNA will occur on large price swings. Nasty business.

[BullBear52x]

Huh?

load up bears, Laugh at me tomorrow.

haha. yeah i'm not sure if that means you're bearish or bullish?? lol

Very bearish, TZA, EDZ, SRS
After tomorrow BUY the DIPs, Expected a pull back but will be a buy if the pull back is not too deep.

[jarbo456]

squeeze that spy! lol

[Al_Dente]

i'm sitting 75% short with a loss on today's squeeze higher, but i'm not panicky at all. in fact, i wrote 3 hours ago that we would probably have to face testing 126.4 (with an overshoot - for the usual broker stop hunting machine), before the bears had a chance. i'm always anxious being short the market, but i see this as a very healthy correction to Mon and Tuesday's routs. now it's time for the bears to see what they can do, and barring rumors and intervention, we should see, at the minimum, a visit to 124. i think the market is more vulnerable to bearish news at this point, then it is to bullish news. with the referendum vote headlines out of the way, now it's all about how the EFSF is not going to work.

Yr new nickname is officially “Jarbo of the big bowls.”
Al just has little ones

[Me XMan]

Got ya.

Huh?

load up bears, Laugh at me tomorrow.

haha. yeah i'm not sure if that means you're bearish or bullish?? lol

Very bearish, TZA, EDZ, SRS
After tomorrow BUY the DIPs, Expected a pull back but will be a buy if the pull back is not too deep.