04/19/2011 Intraday Watering

[BullBear52x]

Which one? 5min=390 10min=195 1h=35 daily=5 why all these number? secret.

[Cobra]

VIX collapsed on this small up day, unbelievable.

[BullBear52x]

VIX collapsed on this small up day, unbelievable.

You got to believe it, it's god's work. lots of magic.

[Cobra]

VIX collapsed on this small up day, unbelievable.

You got to believe it, it's god's work. lots of magic.

Now we're at a critical time: either we go much much much much higher from here while VIX making new all time low, or the top was already in!

[uempel]

Nothing to trade today, so I'm looking at the long term SPX chart which shows the significance of support in the 1280/1295 area. Check also the close up of the same chart:

Close up:

[StrikePrice]

VIX collapsed on this small up day, unbelievable.

You got to believe it, it's god's work. lots of magic.

A new floor on the VIX needs to be established as this video was pointing out on Friday. Tomorrow I believe new contracts trade and we should see more accurate movement, i think.

http://www.youtube.com/user/optionmonst ... yuGoMGLCns

[Cobra]

still fighting the resistance but I think the breakout is just a matter of time.

[BullBear52x]

OK got my gloves on, stop is in at 3 pennies over top trend line this is moving stop not fix price.

[StrikePrice]

still fighting the resistance but I think the breakout is just a matter of time.

Looking for the 50MA to hold as it did on Friday or we probably will retest 1320.

[BullBear52x]

Good start as always, until 5 min. later.....

[cletus]

Phantom bars are often sell levels, meaning "we're taking it here, sell here", so be careful when the level is reached.

[writersblock]

Where's the phantom bar?

[99er]

SPX
Looks ready to roll over.
http://99ercharts.blogspot.com/2011/04/spx_5975.html
Right into a "3 of 3"?

[Travelfrog]

Where's the phantom bar?

From my post end of yesterday.

Ok,

Phantom bar,

High 1313.1
close 1304.5

8.6 points difference

1304.5 - 8.6 = 1295.9

What was the low of the day on the SPY anywhere near 129.59?

Possibly signaling that the low of the day was already in at 129.5, or that the high will be at 131.3 tomorrow. Lets see if this plays out.

[writersblock]

Thanks, TF

[BullBear52x]

How come the one on last Friday doesn't play out in number per your calculation.

[StrikePrice]

My god this feels like Friday all over again with SPX and VIX...what will tomorrow bring then? 300 point sell off on Dow?

[Cobra]

I think the breakout is imminent.

[cletus]

The interesting thing about this downtrend is that the bears are the ones seemingly exhausted and annoyed, yet the market continues to slide along with the VIX (fear). Could be meaningful, could not.

[Cobra]

The interesting thing about this downtrend is that the bears are the ones seemingly exhausted and annoyed, yet the market continues to slide along with the VIX (fear). Could be meaningful, could not.

Yeah, bears are actually nervous. Even snakes are nervous too.