11/21/2011 Intraday Watering

[Buckethead]

Market moving off AUD/JPY

anyone finding the non-action in EUR/USD or the fact that /DX hasn't broken above 78.50 interesting? is the market just catching up with the drop in EUR/USD?

SPY is at 10/11 levels, EUR/USD below them already from last tuesday. so maybe it's just a regression move by equities to catch up with FX? the same for dollar index...which traded around a high of 78.28 on 10/11...

[dcurban1]

The Vix is going to explode in the next few days. The point and figure chart is ready to break out of a triangle formation and spike to the yearly high.

....This is the one chart that scares me....not the cleanest patterns... more like a double bottom base? cup with handle?[/quote]

This is what I see. It is an ascending triangle breaking the downtrend line.

[dcurban1]

[Dow Trader]

SPX Short term weekly levels that matters :
1226
1191
1171

[agnosia]

goddam bears. respect the turkey gods !

i am stopped out for small gain in /es... on the bleachers for a while.

[pady]

sometimes traders think that taking action makes them money--but usually it is sitting either waiting for the shot--or waiting in the position after the shot.

Well said. Getting into one or two rallies will usually give you 10-20% returns if the proper preparation is in place ( probabilities ).

[Cobra]

nothing to say, maintain the target. but should we close low of the day, a tradeable bottom will be within 4 trading days, so this means we'll have a very strong Wednesday. so bears be careful here.

[99er]

Honey?
NDX http://99ercharts.blogspot.com/2011/11/ndx_21.html

Is it soup yet?

[countryboy]

Thanks Cobra for actual target price!
CountryBoy

[Buckethead]

Inverted daily triangle chart on VIX with March 14 high to August [edit] high points to VIX 60 intermediate term. Scary is monthly chart and inverted triangle from flash crash where if VIX 60 is reached, the longer term inverted triangle shows 90-100.

vix2.JPG

[BullBear52x]

The Vix is going to explode in the next few days. The point and figure chart is ready to break out of a triangle formation and spike to the yearly high.

....This is the one chart that scares me....not the cleanest patterns... more like a double bottom base? cup with handle?

The attachment 112111vix.JPG is no longer available

This is what I see. It is an ascending triangle breaking the downtrend line.[/quote]
Here my $VIX, I would be really worried if $Vix trades higher than 37.61, this is positive divergence longer term from my read. over all as of today still suggests Dip buyable.

[Me XMan]

okay okay I caved in and went long SPY

nothing to say, maintain the target. but should we close low of the day, a tradeable bottom will be within 4 trading days, so this means we'll have a very strong Wednesday. so bears be careful here.

[Al_Dente]

PAGING waverider
Best new avatar on board. You have really classed up this joint considerably.
Good job wavy, also thanks for firefox recommendation
http://www.youtube.com/watch?v=eaQW5jWM ... re=related

PS: wavy: u may be only one on board who remembers what nosebleed zone is ....internals, intraday:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[DRL]

PAGING any computer genius who is a kind person.
So I think I’m using windows explorer 7, and I use the “tools” that auto-open 8 tabs on start up.
Problem is that each tab opens at 200 - 300% zoom (no matter how many times I reset the tools), and I have to manually CTRL – (minus) each tab to get it to 100% proper view.
Is there any easy fix for “old” technophobe Al here?
PS: I have my firefox/godzilla icon right there on my desktop, all installed and ready to go, but haven’t used it yet, am weary of more uphill learning curves… is firefox worth the effort? Specifically does firefox lock-up/freeze less than three times a day?
PPS: I’m already upgraded to the biggest ram-thingie and loaded for bear with max internet connection service, etc, nothing more to upgrade there…
Thanks very much in advance for yr help

Not an expert.............
I find that IE windows will open at the same zoom level as the last one closed. Many times I will zoom in on a chart and forget to go back to 100%. Then all others will opena t 150% or some such large zoom.
Try closing the windows, except one. be sure that last one is the size you want, then close it. This should then allow your windows to open at that zoom level.

[Cobra]

Thanks Cobra for actual target price!
CountryBoy

I will set a little program to calculate the target later. It's painful to calculate the target everyday several times. really i do this several times and yet I haven't wrote me a simple program even an excel file.

[dcurban1]

nothing to say, maintain the target. but should we close low of the day, a tradeable bottom will be within 4 trading days, so this means we'll have a very strong Wednesday. so bears be careful here.

I was about to ask you about a strong end to the week.

Maybe cover tomorrow wait to see what next week brings?

[Cobra]

could be 3 push down now, so 2 legged up here. let's wait.

[99er]

Update

VIX http://99ercharts.blogspot.com/2011/11/vix_21.html

[Cobra]

nothing to say, maintain the target. but should we close low of the day, a tradeable bottom will be within 4 trading days, so this means we'll have a very strong Wednesday. so bears be careful here.

I was about to ask you about a strong end to the week.

Maybe cover tomorrow wait to see what next week brings?

nobody would sell into the thin holiday volume unless something really really bad, so I won't bet a strong down this week.

[Seawaves]

bear seems start to retreat?