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Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:00 am
by bushwaffle
pablorynx wrote:
KENA wrote:
alvian33 wrote:I see no p-bar
One of yesterdays..Still in play
I saw no p-bars yest KENA, which source are you using? Was it the EOD p-bar?
I got 115.61, 5 different times intraday

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:00 am
by agnosia
chop chop chop chop .... looks to me like people are selling into this mess. we can't even close the gap.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:01 am
by tdo722
BullTart wrote:Been in cash for a bit now, but opened some TVIX this morning to test the waters.

This is a very short term play and won't be holding long even if it becomes profitable as we are in JBTFD mode until proven otherwise.

If we do end up approaching 1100 on the S&P, will cover and start nibbling on long positions as per my JBTFD mantra.

Start small, then scale if the price action aligns with the plan.
Bought 500 shares sso to test the upside. Wanted to do 1000 but still too scary.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:03 am
by cougar
agnosia wrote:chop chop chop chop .... looks to me like people are selling into this mess. we can't even close the gap.
Yep, I agree!

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:03 am
by KENA
Lot of P bars yesterday..Still to be filled are 117.72 and 115.53..I use TD Ameritrade SPY 5 min.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:07 am
by bushwaffle
KENA wrote:Lot of P bars yesterday..Still to be filled are 117.72 and 115.53..I use TD Ameritrade SPY 5 min.
That 115 bar is pretty close to a 38% retrace

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:07 am
by rhight
cougar wrote:VIX 130 min: in 4 previous circumstances, VIX under the Acceleration Band resulted in a strong UP move.
An impulsive reentry inside the channel would be for me a first indication of reversal…This should happen within 2 days, in line with Cobra’s suggested timing for a top.
cougar,

As always, interesting charts. What is the yellow band on the VIX chart? BTW, and confirming other posts including Cobra's astute analysis, my "time band" for a short term reversal stands at 10/10 to 10/14. The 10/10 price high exceeded 1 std. dev. above the average for the prior 6 minor up trends. From my experience, this may be interpreted as suggesting that the intermediate trend could be changing from down to up, and that a "higher low" may be expected on the next minor down trend.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:08 am
by KENA
KENA wrote:Lot of P bars yesterday..Still to be filled are 117.72 and 115.53..I use TD Ameritrade SPY 5 min.
Sorry this was ans. for..Pablorynx (Thats quite a name)

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:08 am
by gabor
Yesterday rally was fueled by the dollar's weakness, I think. But EUR/USD hit a massive resistance, that is hard to break.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:08 am
by silicon_beaver
agnosia wrote:chop chop chop chop .... looks to me like people are selling into this mess. we can't even close the gap.
Time frame is 10:30 am. let's see.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:09 am
by bullbear52
Per Cobra 7day rule, if we trade in the red today, this is nothing more than just a dead cat bounce.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:09 am
by Dow Trader
Talking about simillarity !!! check these 2 charts both ofthem in 2011
you want to see what happened next ? 8-)

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:11 am
by Forevergreen
Dow Trader wrote:Talking about simillarity !!! check these 2 charts both ofthem in 2011
you want to see what happened next ? 8-)


Yes, Please...

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:14 am
by JTrader
bullbear52 wrote:Per Cobra 7day rule, if we trade in the red today, this is nothing more than just a dead cat bounce.
That's funny, to express that thought is exactly why I logged in today. You beat me to it. Great minds.... etc. :)

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:17 am
by Grizzly
Financials Lagging...

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:17 am
by rhight
tdo722 wrote:
h2oskier wrote:Good morning everyone.

Great site! I've been following it for a while.

I'm (obviously) new here but I thought I would add my 2 cents worth. Richard Russell (a bear) feels the market is over sold. Me personally, my broker has been driving me nuts and so I've been attempting to understand ways to attempt to understand the market, in essence become a full time student of the markets.

The P&F chart of TNA shows down. P&F for TZA shows down (confusing) but the TVIX P&F shows up. Now looking at the 1 hr MACD and Elliot waves of both TNA and TZA, it looks like a turn in the market is starting to occur.

Feel free to let me know if I'm on the right track on what I'm looking at. If there are gaping holes in what I'm looking at, as stated above, my desire is to become a full time student of the markets (but to ace nearly all exams... ) :)

Don't analyze into the specific ETFs. My suggestion is to look and T/A the hell out of SPX/RUT. Leave the betting of the ETFs to each individual.

Cheers,
Tdo722
I agree with Tdo722, (I imagine, there must be 722 To Do's :shock:)
Juiced ETF's, especially, tend to lose value during even minor trend changes (3 to 10 day). They are meant for day or swing trades only. Placing stops on juiced etf's based on prior minor swing high's or low's can get you stopped out fairly easily, because the etf will reach the stop before the underlying index reaches it's prior high or low.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:18 am
by KENA
Lot of my indicators are still holding bearish..Retail is still holding and has to drop for this mkt to get completly bearish.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:19 am
by Dow Trader
Check what happened after the highlighted area ( a choppy advance then an impulsive down leg ).. so if that pattern will playout, then we will stay in this range until the year end, then down again but harder to 1010 area.. and that is really big IF.
do I trade based on it ? no way ... 8-)

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:19 am
by pablorynx
KENA wrote:
KENA wrote:Lot of P bars yesterday..Still to be filled are 117.72 and 115.53..I use TD Ameritrade SPY 5 min.
Sorry this was ans. for..Pablorynx (Thats quite a name)
Thank you, I've been trying to tease out the phantom bar phenomenon. I'm using bloomberg and do not always see the same p-bars as other have. Usually, it's exclusive tho, since when I see a p-bar, most people on the forum can see as well.

Re: 10/11/2011 Intraday Watering

Posted: Tue Oct 11, 2011 10:22 am
by uempel
SPXB.png
SPXA.png
:D