08/07/2012 Live Update

[Unique]

fib info. I don't understand this market, normally, should be another leg up at least to test the day high.

*Normally*, a bold move like this holds the first time on 20EMA...UNLESS it's awaited reversal which has to be sharp and engulfing.
Funny market Cobra

[BullBear52x]

Too bearish here, but I can not blame you. with this imbalance the gloomies won

[trader_jay]

It was a big fight at ES 1400.
Benanke and Co. tried very hard to hold. But failed.

[Harapa]

I may or may not have mentioned it b4, but spy-proxy scalpers really do not like it when spy violates the 20ma on 5min INTRADAY ONLY

May be just intraday wobble as this happened without any reaction from the vixies, which are in paralyses at the moment .

[Al_Dente]

Too bearish here, but I can not blame you. with this imbalance the gloomies won

boss what r gloomies?


Interesting article on EuroZone earnings expectations (pretty bearish)
http://www.ft.com/intl/cms/s/0/2bc20aec ... z22psVQtq6
[If u have trouble accessing a “Financial Times” story: U have to register FOR FREE, then they allow you to view 10 FREE stories a month; more than that requires a paid sub. ]

[trader_jay]

The vix is strange for the last 2 days. It moves in the same direction with $SPX.

[Cobra]

no a good rebound, might be more down here.

[knock]

viewtopic.php?f=2&t=633&p=88419#p88419

Update

100% Measure Move is met on SPY.

what's next, Unique? Your post was so impressive.

[jdow]

now short QQQ. Aapl my proxy

yo swinger where did 'da other ones go ???

im like COBR, chnge in hurry. IYT options too big spreads.

[trader_jay]

Master Cobra,

Are you still expecting 80%+ chance yesterday + today's gain will be wiped out ? Thanks.

[BullBear52x]

Too bearish here, but I can not blame you. with this imbalance the gloomies won

boss what r gloomies?
]

I try to say the pessimistic. but fighting the fed is no no.

[Al_Dente]

Look where yield/bonds/TNX went from yesterday to today
This market is spooky; Al Dente shall stay small

[jdow]

Too bearish here, but I can not blame you. with this imbalance the gloomies won

boss what r gloomies?
]

I try to say the pessimistic. but fighting the fed is no no.

yep, not a good short, ready to cover n wait

[Unique]

viewtopic.php?f=2&t=633&p=88419#p88419

Update

100% Measure Move is met on SPY.

what's next, Unique? Your post was so impressive.

FWIW, I'm already in SPY Sept 130 puts. (I'm swing shorting with these, not day trading)

Afk lunch

[Al_Dente]

QQQ hod hi on day sqz

[BullBear52x]

Too bearish here, but I can not blame you. with this imbalance the gloomies won

boss what r gloomies?
]

I try to say the pessimistic. but fighting the fed is no no.

yep, not a good short, ready to cover n wait

I just got sell signal on SPY and QQQ

[BullBear52x]

here is my intraday,

[Cobra]

ok, nice come back, now revisiting the morning high, so key time.

[OverUnder]

nasdaq futures up 27.50. Already easily besting the earlier morning high. As I said yesterday, easily go up 100 points this week. Naz is the leader.

[L_T]

I predict Cobra's next post:

Testing morning high. Key time.

Could I be right (it's not quite there yet) ?!?!?

***Edit*** Grrrrr he beat me to it!