01/09/2012 Intraday Watering

[cougar]

Its my view and with the charts that I am looking at on here that the bears are running on hope , while the bulls and just buying time wearing out the hope of the bears,before the onslaughter in the last hour or tomorrow..

we don't post enough charts to support bear case here? I think we mentioned a very balance point here no? you want to add some TA so we can learn from one another? this board is not about being bull or bear. for new position I would say 50/50 at this juncture IMO

Good point BullBear!
For most of us who, unfortunately, don’t have a Ph.D. in Finance, here are 2 opportunistic charts on FXI and FXP.
If you think that China has a good chance of recovering (…at least for a swing-trade) the conclusion should be : do not buy FXI, but short FXP.
I hope the game of price drop versus gain shows that clearly…

But is China starting at least a short term recovery, engineered under the guidance of the CCP?
Could someone, who knows more about China thab I do, help me?

[BullBear52x]

Impressive short-covering, maybe it has legs (squeeze?)
Note that AA has been strongest in Dow and squeezed most of the morning (leak?), gave it up, now trying again.
(Alcoa is high short interest, 5% of outstanding shares are short)

SPX need to break the ceiling, strong dollars will not help much on earning

[gabor]

Flat open so any gap would be filled.

The global ES looks like a huge consolidation range, so still a breakout on the upside is more likely.

Hi Cobra, what would be your measured move target if this long consolidation range was broken up?

[BullBear52x]

Its my view and with the charts that I am looking at on here that the bears are running on hope , while the bulls and just buying time wearing out the hope of the bears,before the onslaughter in the last hour or tomorrow..

we don't post enough charts to support bear case here? I think we mentioned a very balance point here no? you want to add some TA so we can learn from one another? this board is not about being bull or bear. for new position I would say 50/50 at this juncture IMO

Good point BullBear!
For most of us who, unfortunately, don’t have a Ph.D. in Finance, here are 2 opportunistic charts on FXI and FXP.
If you think that China has a good chance of recovering (…at least for a swing-trade) the conclusion should be : do not buy FXI, but short FXP.
I hope the game of price drop versus gain shows that clearly…

But is China starting at least a short term recovery, engineered under the guidance of the CCP?
Could someone, who knows more about China thab I do, help me?

Here the head lines

and here is the chart I need Ph D

[Cobra]

Flat open so any gap would be filled.

The global ES looks like a huge consolidation range, so still a breakout on the upside is more likely.

Hi Cobra, what would be your measured move target if this long consolidation range was broken up?

let's wait for the breakout first.

[Al_Dente]

Am just not a big fan of range days, too choppy for me, i'm not quick enough to react on chops...
There were only 2 ½ “trend days” in the last 10 trading sessions, oy, but things can change….
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =243099753

http://www.youtube.com/watch?v=8wbi9q-t ... re=related

[gabor]

Flat open so any gap would be filled.

The global ES looks like a huge consolidation range, so still a breakout on the upside is more likely.

Hi Cobra, what would be your measured move target if this long consolidation range was broken up?

let's wait for the breakout first.

Just for fun, please!

[tdo722]

is that a naked bar (blow off top) Cobra at 1PM? I guess we have to wait for the next bar to find out.

[TraderGirl]

Does anyone know what happened in the market the last time the VIX bounced and TVIX headed lower??

[Cobra]

Does anyone know what happened in the market the last time the VIX bounced and TVIX headed lower??

TVIX is for VIX features not VIX, so it's OK VIX and TVIX don't move in syn.

[zipper]

bonds are coming off look for a thrust up over 1276. under 14312

[TraderGirl]

Does anyone know what happened in the market the last time the VIX bounced and TVIX headed lower??

TVIX is for VIX features not VIX, so it's OK VIX and TVIX don't move in syn.

Thanks Cobra
so I take from that the futures in VIX are headed lower cause traders believe market is headed higher....

[BullBear52x]

Am just not a big fan of range days, too choppy for me, i'm not quick enough to react on chops...
There were only 2 ½ “trend days” in the last 10 trading sessions, oy, but things can change….
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =243099753

http://www.youtube.com/watch?v=8wbi9q-t ... re=related

Dr. Al here is AA before earning.http://www.foxbusiness.com/industries/2 ... aly-spain/

[99er]

Updates

Copper http://99ercharts.blogspot.com/2012/01/copper_09.html
Crude http://99ercharts.blogspot.com/2012/01/crude_09.html

[99er]

Updates

Gold http://99ercharts.blogspot.com/2012/01/gold_09.html
Silver http://99ercharts.blogspot.com/2012/01/silver_09.html

[cougar]

Thanx BullBear! I'll try a small position for some reversal + short covering in Hong Kong...

[99er]

Updates

Dollar http://99ercharts.blogspot.com/2012/01/dollar_09.html
30-Year http://99ercharts.blogspot.com/2012/01/30y_09.html

[TWT]

SPX: A possible s/t count

[BullBear52x]

Thanx BullBear! I'll try a small position for some reversal + short covering in Hong Kong...

Good luck $SSEC got beat up enough there should be a bounce, you might nail a bottom all together. SPX candle is not looking so fresh if we were to get Doji. at the close

[SB73]

4 straight down on the DAX and 3 out of 4 on the FTSE, but it looks like a bear flag on the DAX.