03/22/2012 Intraday Watering

[KeiZai]

Mario Draghi speech live: http://www.ecb.int/press/tvservices/web ... 03.en.html

will move probably markets

EDIT: sorry bad link, need to find todays live

[KENA]

This chart is only updated on Mondays.It shows the current and last two Bull Mkts..Previous Bull mkts have had 3 legs up and now this one has had 2 legs up and starting the third leg.The third leg will be the last one up then dn.We wait until this happens,soon or later we will have more up. Wait and see. Chart by Stocking.

[btran874]

Nailed the son of a bitch again.

Go Upro go go go go...

[shumushu]

This is completely speculative,
I think we have just completed a 2 legged pullback and we are gonna at least test the 1400 level on the S&P before heading down. Remember the last time this happened was also a 3 day pullback, dips were bought excessively. Just look at aapl, if that "index" isn't dropping, expect this to be a pullback that is buyable. If some day in the distant future, aapl actually drops like a rock, we have a real trend change.

[KeiZai]

Scalpers mels fresh info update

Bulls: 11 extreme ticks and bears: 25 extreme ticks. 47% pos ticks. $SPX Net Advancing is -353
NYSE has heavy volume in down issues today; this is often a bearish sign

[BullBear52x]

My lead man will bless the bear shortly here.

[OverUnder]

Thanks for freaking me out with last year's speech about ECB lowering interest rates lol.

Edit: I see a note about him speaking "later today" but don't see a time.

Mario Draghi speech live: http://www.ecb.int/press/tvservices/web ... 03.en.html

will move probably markets

EDIT: sorry bad link, need to find todays live

[uempel]

SWalsh: I stopped doing calls/puts many, many years ago - the issuer is always king: with calls/puts we have to play the market and the issuers game. Too tricky for me. I prefer futures in heavily traded indices/commodities. Never had the same problem (CME, Eurex)

[Richarab]

Trader Vix. holy f***
i figured i could hold some positions from earlier in the year. just sit on em. but WTF?! its crashing on a day it should be flying?>!@#!@#$@#$%

[jarbo456]

Trader Vix. holy f***
i figured i could hold some positions from earlier in the year. just sit on em. but WTF?! its crashing on a day it should be flying?>!@#!@#$@#$%

wow...what a mess of an ETP.

[BullBear52x]

Trader Vix. holy f***
i figured i could hold some positions from earlier in the year. just sit on em. but WTF?! its crashing on a day it should be flying?>!@#!@#$@#$%

wow...what a mess of an ETP.

Now I know why they called it Volatility index

[Harapa]

FWIW, I had posted a T-Theory chart that gave us two weeks ago as a top from 2003. Missing by 2 weeks is not a big deal as on a monthly it would say a top in March.

Be careful with T-Theory. In my experience T-Theory has a pretty spotty record in predicting the future (I have been following him since 2002). IMHO it is like EW; rarely right but never wrong!

[btran874]

Wow this rebound starting to stink. I'm out of UPRO.

[uempel]

Update:

[KeiZai]

Thanks for freaking me out with last year's speech about ECB lowering interest rates lol.

Edit: I see a note about him speaking "later today" but don't see a time.

Mario Draghi speech live: http://www.ecb.int/press/tvservices/web ... 03.en.html

will move probably markets

EDIT: sorry bad link, need to find todays live

Sorry

17.00 now is 17:20

[shumushu]

Sir Cobra, what do you think about GG and gold here?

[1der]

FYI..Here is a chart of longer term of the Shanghai Index..It has been tending dn for some time.

cs.png

Kena, Your chart above has a great example of a pattern I learned from a really great trader named "ernmor" many years ago regarding triangles.

The black smaller triangle apex is really important. It shows two things: 1. The low point in TIME (Not what the low price print will be but TIME) and 2. The price point of APEX of the triangle is revisted on the rebound.

fwiw

[TraderGirl]

TVIX IV catching up TVIX : http://finance.yahoo.com/q?s=%5ETVIX-IV
11%

So, when does TVIX get to fair value??

[Ed02]

Cobra, do you have a rebound target now?

[OverUnder]

Commodities below important support.