12/07/2011 Intraday Watering

[soku]

i guess somebody is trying to defend using yesterday low. possible dbl bottom, and couple other reversal patterns may fire. if you short, it's about time to working on exits.

[heavenskrow]

Already out of TVIX. now back in cash

too early? see attached image. courtesty mr.keystone - i tend to agree

I can see how you would want out early with all the false starts this week but I have to agree with RA, this pullback is for real. You won't see tvix gains like this summer/fall but the next couple of days may be good. If SPX doesn't hold right now then I'm expecting 1220. Sometimes you just have to let a winning position ride.

I got in at double bottom so I cant be too greedy. I think the pullback will be confirmed with bonds and dollar. They just went to resistance and I have to obey my trading signals. But I plan to get back in TVIX if they are taken out.

Smart call, I need to learn more about your trading signals since you're way up overall. I'm just trying to catch up

Nono. Trust yourself. You are a lot better than you think. European markets look bad. They could not take out resistance...and If I am correct, Greece and Portugal should be back below resistance.... which will perpetuate the bear porn/

[Me XMan]

2nd leg is not there yet...

i guess somebody is trying to defend using yesterday low. possible dbl bottom, and couple other reversal patterns may fire. if you short, it's about time to working on exits.

[Cobra]

maintain the call, this is 2 legged down, the selling isn't over yet.

[CognitiveDissonance]

I can see how you would want out early with all the false starts this week but I have to agree with RA, this pullback is for real. You won't see tvix gains like this summer/fall but the next couple of days may be good. If SPX doesn't hold right now then I'm expecting 1220. Sometimes you just have to let a winning position ride.[/quote]

I got in at double bottom so I cant be too greedy. I think the pullback will be confirmed with bonds and dollar. They just went to resistance and I have to obey my trading signals. But I plan to get back in TVIX if they are taken out.[/quote]

Smart call, I need to learn more about your trading signals since you're way up overall. I'm just trying to catch up [/quote]

Nono. Trust yourself. You are a lot better than you think. European markets look bad. They could not take out resistance...and If I am correct, Greece and Portugal should be back below resistance.... which will perpetuate the bear porn/[/quote]

For this trade, you're probably right, I'm referring to my strategy in general.

[SB73]

double top not confirmed, but you may want to know the target.

What is the confirmation requirement?

decisive breakdown or consolidate here for awhile.

Thanks boss...bronze member for about a week now. I appreciate your efforts.

[vfengle]

hi,everyone,if you trust my charts like me,i want to say,our spy is now at the $DJSZ's 20110330,$DJSZ is Chinese QQQ maybe,waht i say is CHINA's STOCK MARKET RUN FRONT OF USA'S STOCK MARKET,:).

it is time to eat medicine

[jynmax]

hi,everyone,if you trust my charts like me,i want to say,our spy is now at the $DJSZ's 20110330,$DJSZ is Chinese QQQ maybe,waht i say is CHINA's STOCK MARKET RUN FRONT OF USA'S STOCK MARKET,:).

it is time to eat medicine

dajia doushi tongshi,buyao huxiang zhize,huxiangchaoxiao,youshangtuanjian,my brother.

[dcurban1]

Reading Material, December 6, 2011 – Recession? Recession.

http://atruecontrarian.blogspot.com/201 ... -2011.html

Reading Material, December 7, 2011 – Europe Muddles Along

http://atruecontrarian.blogspot.com/201 ... urope.html

Technical Analysis, December 7, 2011 – Gold and Silver

http://atruecontrarian.blogspot.com/201 ... -gold.html

[Al_Dente]

PAGING ANYONE UP FOR RENEWAL OF stockcharts.com MEMBERSHIP
Note that you get a LITTLE discount based on yr years as member, but they make it hard to find your discount code. BEFORE u renew: click MEMBERS then click the little yellow shield at top that shows how many years you’ve been a member, then get your discount code, and only then renew….using your coupon discount code.

Yesterday I had to renew my subscription and I upgraded to “EUROPEAN REALTIME DATA” .
“Official realtime data is provided by the London and Euronext Exchanges (the German Deutsche Börse Exchange is delayed”). I was not aware they offered this upgrade…. Y’all probably knew and just didn’t tell old Al. Am just starting to investigate what extras that gives me; will report later.

PS: please watch yield/bonds, they’re a bit whippy today?

http://www.youtube.com/watch?v=lA6V2LPxBq8&feature=fvsr

[Me XMan]

Looking like a bear flag going right now.

maintain the call, this is 2 legged down, the selling isn't over yet.

[oldpigwang]

Cobra Da: Check ES one week chart, it is making higher high, with the HH at last night. Why you think it is not looking good for bulls?

[BenAndLloyd]

Al (or others),
I don't have stockcharts membership. Do you know if that discount code works for new members and can you send that code? TIA

[mac769]

SPX: The Double Top has a target at 1233

Really remarkable confirmation from P&F charts, seems the double-top was in, if we dont see a rally above 127.30

[yjin76]

I am shorting TF atm

[Al_Dente]

hi,everyone,if you trust my charts like me,i want to say,our spy is now at the $DJSZ's 20110330,$DJSZ is Chinese QQQ maybe,waht i say is CHINA's STOCK MARKET RUN FRONT OF USA'S STOCK MARKET,:).

Cool, thanks.
Could you clarify for dumb gringos (me): what is Shenzhen index $DJSZ and how does it relate to Hong Kong and Singapore markets?

[heavenskrow]

bonds breaking resistance

[Me XMan]

I think $124.5 could be low for today.

AUDJPY holds well (green cycle) but this kind of sell off should be at least 2 legged. The arrows just to imply 2 legs, don't mean it will go exactly this way.

[heavenskrow]

Springheel Jack's ES
http://content.screencast.com/users/spr ... dlines.png

[jarbo456]

wow. big red bar on the last 5 minute bar on vix. what's that about?