03/14/2012 Intraday Watering

[Cobra]

Flat open so any gap will be filled.

I don't know how to describe the pattern formed on Global ES, might be another Bull Flag, so the bias is up.

Usually, a small range day after a Major Accumulation like yesterday. And usually after a huge up day, the next day's morning dip will be bought.

[stucap]

I'm too depressed to post any charts today. All I can say is that everyone seems to be "afraid to trade the short side" and that is what leads to ugly times ahead --- but like 2010, this stupid bubble trend could continue for months, years, until it POPs like all the others before. Remember, no one asks questions as long as the market goes up (i.e. Obama is probably thanking Dimon this morning for leaking results of the stress test)

[Harapa]

GM All
SP500 futures completed “9-13 TD Sequential” on 1 hour time frame this morning (Purple Down Arrow). Completion of this pattern suggests trend exhaustion/reversal. If you trade futures you may find it useful for actual trading. For all others this indicates some softness in hours to follow. On SPY only 7 of 13 bars are labeled. Even if all bars gets label today sell signal will emerge at the close of today. I will update the chart if I get a signal.
Happy Trading!

[stevej]

In the last 6 weeks appl is up over 30%--420-570; is this really the entire move in NDX and SPX??? I believe it is 20% of the NDX; not sure how large % it is of SPX. Also thanks for the advise/opinions on my current loss due to holding apr 25 calls on VXX; currently they trade at 1, so I would realize a loss of 125k if I sell now---way to big, but I thought 50k was then 75k then 100k, based on what you guys see for next few weeks would you ride this thing or take the pain---your opinions/advise is wanted; but obviously the loss is mine and I am responsible for my trading. Thanks

[KeiZai]

Hi all,

I have nothing to say about this sick market...Im long TBT, short Euro and waiting for silver target #2 to open long position
Still have my 40% short position from mid january i will keep it till end, who cares i will lost it either by hyperinflation or in fake bull market, whatever

GL all see u at the bottom, I think target is clearly around 1450 or more maybe 1500 till eod...lol

[stucap]

Hi all,

I have nothing to say about this sick market...Im long TBT, short Euro and waiting for silver target #2 to open long position
Still have my 40% short position from mid january i will keep it till end, who cares i will lost it either by hyperinflation or in fake bull market, whatever

GL all see u at the bottom, I think target is clearly around 1450 or more maybe 1500 till eod...lol

1450-1500 SPX or AAPL?

[KeiZai]

Hi all,

I have nothing to say about this sick market...Im long TBT, short Euro and waiting for silver target #2 to open long position
Still have my 40% short position from mid january i will keep it till end, who cares i will lost it either by hyperinflation or in fake bull market, whatever

GL all see u at the bottom, I think target is clearly around 1450 or more maybe 1500 till eod...lol

1450-1500 SPX or AAPL?

Of course that Apple buy buy buy

[Petsamo]

The Nikkei sold off some. Hang Seng & India sold off big.

UNG has been doing wild swings pre-market

[Cobra]

the open.

[EvilTrader]

GM All
SP500 futures completed “9-13 TD Sequential” on 1 hour time frame this morning (Purple Down Arrow). Completion of this pattern suggests trend exhaustion/reversal. If you trade futures you may find it useful for actual trading. For all others this indicates some softness in hours to follow. On SPY only 7 of 13 bars are labeled. Even if all bars gets label today sell signal will emerge at the close of today. I will update the chart if I get a signal.
Happy Trading!

Demark has been failing badly, lately...i guess he developed his indicators under no-QE and no algos markets....today the whole thing morphed into a different animal.

[Harapa]

How one might make use of this information? Check here:
viewtopic.php?f=2&t=483&sid=c9c5cadd767 ... 3b6#p66080

[SB73]

Vix with 6th straight gap down.
Metals are getting torched.
China sold off hard WTF?
Common for SPY to stay outside the BB for today. Reversal if there is one should be tomorrow.
Agree with Denali that a very short term top will be seen today.

[KENA]

Only one comment right now..Liquidy went to max hi yesterday..The mkt is driven by Fed.injected money only.imho..More later maybe. If you want to see chart on Liquidy let me know.

[mrukyj]

Good Morning All,
KeiZai wrote:Hi all,

I have nothing to say about this sick market...Im long TBT, short Euro and waiting for silver target #2 to open long position
Still have my 40% short position from mid january i will keep it till end, who cares i will lost it either by hyperinflation or in fake bull market, whatever

GL all see u at the bottom, I think target is clearly around 1450 or more maybe 1500 till eod...lol

Hello KeiZai,
What is your Silver target price #2? Thanks in advance

[h2oskier]

In the last 6 weeks appl is up over 30%--420-570; is this really the entire move in NDX and SPX??? I believe it is 20% of the NDX; not sure how large % it is of SPX. Also thanks for the advise/opinions on my current loss due to holding apr 25 calls on VXX; currently they trade at 1, so I would realize a loss of 125k if I sell now---way to big, but I thought 50k was then 75k then 100k, based on what you guys see for next few weeks would you ride this thing or take the pain---your opinions/advise is wanted; but obviously the loss is mine and I am responsible for my trading. Thanks

Stevej, I'm by no means an expert. I've only been trading for 2 years and without a broker for the last 6 months as I couldn't afford to take losing advice anymore. I'm attaching 2 charts on VIX. To scare you, the weekly chart shows that VIX bottomed out at 8.60 on Dec 22 2006. Since mid '08, we seem to be bottoming around 14.23 to 15.20. Yesterday's low kissed 13.99. So the big question is, will we act the same way over the last 4-5 years or will we act the same and drop down into the single digits. MACD seems to slowly be climbing.

I know this doesn't help much. I can say I LOST around the same amount last year after being convinced to hold my trades by my broker (when I was up a LOT on RIM and TRE)...

[KENA]

I did see a P bar dn to 137.60 at about 1/2 hr before closing yesterday.( for what it is worth)

[TWT]

SPX: I think today THEY have the mission to achieve the wave (3) larger then wave (1) (from last Tuedsday´s lod) with a move above 1401.42 . Then we might see a pullback ..... Lets watch

[KeiZai]

Good Morning All,
KeiZai wrote:Hi all,

I have nothing to say about this sick market...Im long TBT, short Euro and waiting for silver target #2 to open long position
Still have my 40% short position from mid january i will keep it till end, who cares i will lost it either by hyperinflation or in fake bull market, whatever

GL all see u at the bottom, I think target is clearly around 1450 or more maybe 1500 till eod...lol

Hello KeiZai,
What is your Silver target price #2? Thanks in advance

viewtopic.php?f=2&t=471&p=64354#p64354

from dec lows to Target #1 - 50- 61.8 fib

[SWalsh]

I'm too depressed to post any charts today. All I can say is that everyone seems to be "afraid to trade the short side" and that is what leads to ugly times ahead --- but like 2010, this stupid bubble trend could continue for months, years, until it POPs like all the others before. Remember, no one asks questions as long as the market goes up (i.e. Obama is probably thanking Dimon this morning for leaking results of the stress test)

I was told the night of the election by a very wealthy friend of mine that all investors should quit, for the overwhelming average of them will lose money in the next 4 years as a crime wave was coming.

Europe is really going after these HFT machines and the US says they will place a blind eye on them. I'm far more disgusted than depressed at who runs this country. They run, and ruin, the mkts they enter. But no one seems to care.

[Cobra]

oh, forgot to mention this: ChiOsc too high, I don't think we can go too high from here.