06/16/2011 Intraday Watering

[Anaconda]

Anaconda: "Still think we are in P3 down"

You may want to check out Daneric's Elliott Wave count; P3 is his preferred count too.

http://danericselliottwaves.blogspot.co ... -2011.html

Thanks. I just took a peek. Looks very informative. I look forward to reading his material.
A.

[StrikePrice]

The VIX is up huge today while the market is flat. What does this mean?

First you must understand how the VIX is calculated to give you a clue what moves in the VIX mean. My understanding is that the VIX is calculated based on how out of the money option traders are going. So the more out of the money they go the higher vix goes, but here's the key -- on both puts AND calls. So today's huge spike in the VIX could very well be people going deep out of the money on CALLS. We won't know which until the future, but understanding this move in the VIX could help interpret which it was in a few days.

Nice thoughts. I was looking at the gaps to fill.

[KENA]

Cletus..Traders are getting nervous

You do understand that the VIX can go up when option traders buy calls right?

YES

[KENA]

Spy 1 min dome effect still in play.Almost purfect dome.If it keeps going premkt lows will be tested.

[99er]

COMP
http://99ercharts.blogspot.com/2011/06/comp_16.html
Must be Pandora's Box; see symbol P.

[cletus]

Cletus..Traders are getting nervous

You do understand that the VIX can go up when option traders buy calls right?

YES

My main point was that the VIX rising fast does not always indicate nervousness. It is not a "fear" index as some say although as it rises it does depict fear and generally correlates to out of the money put buying while the market is falling, to a point. As the VIX begins to top, the big moves actually corresponds to traders going deep out of the money on calls. The question is whether VIX is topping here. I'm not sure, but I think it might be.

[Cobra]

guys, i appreciate, but let's don't discuss fee here anymore.

let me be honest with you: as now you know how i live my life which in some sense, miserable, so eventually there'll be a small fee (not for this board though, more likely for the report), but my intention here is to postpone such kind of thing to happen as long as possible. There's one exception though: google has shut down ad services on one of my site which means i've lost 1/3 of the visits. I've appealed not guilty which I don't hope much. I'll wait for a few days but if no improvement, then i'm afraid i'll have to go with fee based as it leaves me no choice. I must have some income (as tiny as a few hundreds) to convince my family what I'm busy everyday does worth something, hope you all could understand, after all I'm not live alone.

[Cobra]

the 3rd touch, so chances for holding here is remote. one other proof is that I covered some of my shorts entered today here which usually means I covered too early.

[jamesmith]

the 3rd touch, so chances for holding here is remote. one other proof is that I covered some of my shorts entered today here which usually means I covered too early. :lol:

This looks like a good place to cover~~~ hmm~~~ :? :roll:

[STC]

Hi Cobra, VIX has been trading above Bollinger Bands for 2 consecutive days (yesterday and today) with today almost out of the upper BB, what is your read on this for upcoming days? Does this mean pivot bottom or buy signal?

[BBFinance]

guys, i appreciate, but let's don't discuss fee here anymore.

let me be honest with you: as now you know how i live my life which in some sense, miserable, so eventually there'll be a small fee (not for this board though, more likely for the report), but my intention here is to postpone such kind of thing to happen as long as possible. There's one exception though: google has shut down ad services on one of my site which means i've lost 1/3 of the visits. I've appealed not guilty which I don't hope much. I'll wait for a few days but if no improvement, then i'm afraid i'll have to go with fee based as it leaves me no choice. I must have some income (as tiny as a few hundreds) to convince my family what I'm busy everyday does worth something, hope you all could understand, after all I'm not live alone.

Hi Cobra,
I am OK with the fee based report. I am sure your report would be very comparable with Pug's.

[KENA]

Cletus..I just got bumped off on my reply...Yes I understand but right now we are in a down trend and I think this is making the the traders nervous and PUTS are in.

[Cobra]

Hi Cobra, VIX has been trading above Bollinger Bands for 2 consecutive days (yesterday and today) with today almost out of the upper BB, what is your read on this for upcoming days? Does this mean pivot bottom or buy signal?

I'll have to research. but one thing is for sure, you don't want to see VIX rise more today. 2 day 35% rise would mean SPX more down ahead.

[viewer]

Cobra,

Sorry to hear that! What did google charge you?

guys, i appreciate, but let's don't discuss fee here anymore.

let me be honest with you: as now you know how i live my life which in some sense, miserable, so eventually there'll be a small fee (not for this board though, more likely for the report), but my intention here is to postpone such kind of thing to happen as long as possible. There's one exception though: google has shut down ad services on one of my site which means i've lost 1/3 of the visits. I've appealed not guilty which I don't hope much. I'll wait for a few days but if no improvement, then i'm afraid i'll have to go with fee based as it leaves me no choice. I must have some income (as tiny as a few hundreds) to convince my family what I'm busy everyday does worth something, hope you all could understand, after all I'm not live alone.

[HK88]

I think if we will have a green week, it shall be really really small green, if any.

[Cobra]

Cobra,

Sorry to hear that! What did google charge you?

guys, i appreciate, but let's don't discuss fee here anymore.

let me be honest with you: as now you know how i live my life which in some sense, miserable, so eventually there'll be a small fee (not for this board though, more likely for the report), but my intention here is to postpone such kind of thing to happen as long as possible. There's one exception though: google has shut down ad services on one of my site which means i've lost 1/3 of the visits. I've appealed not guilty which I don't hope much. I'll wait for a few days but if no improvement, then i'm afraid i'll have to go with fee based as it leaves me no choice. I must have some income (as tiny as a few hundreds) to convince my family what I'm busy everyday does worth something, hope you all could understand, after all I'm not live alone.

for someone posting inappropriate images I guess, I don't see their proof prove their points though.

[Cobra]

a little breakdown, but I think a little consolidation here would be better for bear cases.

[alandon]

Hi Cobra,

I'm also okay for paying fees.

How do you think oil? It's pretty much quite today. I just put in some long position this afternoon.

Thanks,
Alan

[alvian33]

at least we all can click once everyday on cobras page add, so at least some $ can be generated, I will agree with a small fee on the site, its totally worth it. Cobra, if down this week again, does it mean up next week? or it means we are screwed for good, and the bear market started? thanks

[kamukak]

I am OK with paying if I get the signals to trades, with stop loss and targets.