02/17/2012 Intraday Watering

[SWalsh]

I think that TVIX is completing a Flat wave (2/B)

TWT, can wave "v" be longer than wave "iii"??[/quote]

Sure...wave 3 just can't be the shortest. If wave 3 subdivides (more than 5 waves) then wave 5 more than likely will not. But if wave 3 is only 5 waves then wave 5 will likely subdivide and extend.

[SWalsh]

I had posted a chart where they dropped it through an intraday channel and brought it back up and the low made in dropping it stood for the day. Might this be the other way? Do the machines allow that?

[TraderGirl]

I think that TVIX is completing a Flat wave (2/B)

TWT, can wave "v" be longer than wave "iii"??

yes it can

You cannot have the III the shortest[/quote]

Thanks!!

[uempel]

Check resistance:

[TraderGirl]

Finally seeing weakness in ndx and sox. In Aug, Sept, and Oct 2011 that usually precluded a correction...

Have we finally juiced out all of the profits in Tech for the time being???

[Cobra]

OK, we did get the red hourly bar. now let's see if the market reverses from here and up and up until close like it's been doing for long long time...

[BullTart]

After watching PosD on the daily VIX and trading around that, I am now watching NegD on the daily ES and setting up a trade around it.

Look at that NegD on the daily ES. If it follows through, it will be a beauty.

The tool of choice for me is rocket fuel, aka TVIX (be careful, it can explode on you and kill your account instantly).

So far, so good.

Catching tops is not for most people. You need to see good setups, take a position, and be nimble if the trade is busted. And keep doing that until you catch the big one.

This is what crocodiles do. They just sit and wait. They can go for many months without eating. They'll nibble here and there.

And then, all of the a sudden, out of the blue... CHOMP CHOMP and all hell breaks loose. That's how they operate- they feast just 2-3 times a year and they are done.

[waverider]

hmm, someone just bought 225K XLF may 16 calls for $0.21

is that bullish?

yep, long term bullish

[Cobra]

normally this kind of strong push up should at least be 2 legged. so the pullback will be bought.

[Al_Dente]

PAGE SENOR SB
She’s flirting w yr 5ma now(?)

[Me XMan]

Let's see if bulls have more fuel in the rocket.

OK, we did get the red hourly bar. now let's see if the market reverses from here and up and up until close like it's been doing for long long time...

[SB73]

Senor Al,

Is that a triangle breakout with a target in the 19's? I said I would leave her but back in at 17.40. She is stubborn and beautiful.

[Cobra]

volume surge, may see rebound here.

[SB73]

PAGE SENOR SB
She’s flirting w yr 5ma now(?)

I have been using the EMA and yes she recaptured it. I like her chances to treat me well today. I love her so much, but will not take her home to the parents this weekend.

[uempel]

Does anybody know the trading hours of the ES mini this Sunday/Monday ?

[soku]

today is quiet.
analysis on the break out

[Al_Dente]

Senor Al,
Is that a triangle breakout with a target in the 19's? I said I would leave her but back in at 17.40. She is stubborn and beautiful.

Futures
Try this one
http://www.forexpros.com/indices/us-spx ... ming-chart

[SB73]

Senor Al,
Is that a triangle breakout with a target in the 19's? I said I would leave her but back in at 17.40. She is stubborn and beautiful.

Futures
Try this one
http://www.forexpros.com/indices/us-spx ... ming-chart

Thank you...here is my chart - Stop at break even

http://stockcharts.com/h-sc/ui

[su_root]

Did you guys notice that block trades "smallish" negative money flow yesterday for the first time in 4 trading days (selling into strength?):
http://traders.fi/Block_Trades

Any thoughts on this?

[uempel]

Does anybody know the trading hours of the ES mini this Sunday/Monday ?

So I guess it's up to me to google