02/10/2012 Intraday Watering

[BullTart]

Not much to add today... things are proceeding very well according to plan with the TVIX evil plan.

The crocodile has snapped its jaws! Arrrr!

Again, as I mentioned yesterday, there is an outside chance of flash crash v2.0 soon... very similar dynamics to the last time it happened.

Last time, we also had a levitating act of rising up without any corrections, and then the Greek drama unfolded... day started out negative and sometime around 2pm-ish is when the riots got out of hand in Greece and the system had its seizure.

Not likely, but still possible.

This is what I'm watching today. To refresh your memories... here's what flash crash v1.0 looked like. Watch out around 2pm-ish!!!

Ok here we are... 2pm-ish!!! Let's see if the unlikely happens or not!

[Cobra]

again this is key battlefield here, strong rebound here then game over for bears today. let's wait. I still don't believe we'll see V reversal today because the 3rd time is the charm!

[BullBear52x]

I posted something on UUP, I am looking for 22.20 to go oyay!

http://bullbear52x.blogspot.com/

Nice, hopefully it gets there. Enjoying those charts on your blog, bookmarked it. [/quote]

[waverider]

No need to short the indexes today, there will probably be a retest of the highs.

The complexity of EW....I see that the high is possibly in, we did 5 waves down, and the usual slow grind broke down on that drop to 134.30. I was long for a while but exited there.

That's a possibility I wouldn't rule out, /ZB and /DX are both looking strong this morning. Personally I'm neutral at the moment, SPY is a trading range until proven otherwise

[trendfollower]

Video on gold, silver, dollar, and trade setups for S&P 500/oil:

http://goo.gl/eaNQu

[lcgllc]

again this is key battlefield here, strong rebound here then game over for bears today. let's wait. I still don't believe we'll see V reversal today because the 3rd time is the charm!

"third time is a charm"....W.D. Gann

[Cobra]

most likely this is a continuation pattern.

[KeiZai]

Did you heard that rumor of assassination Kim Jong-un?...I dont think its true but IF what will it cause with markets? most likely down or up?

[BullTart]

TVIX stage two afterburner engaged!

[btran874]

No need to short the indexes today, there will probably be a retest of the highs.

The complexity of EW....I see that the high is possibly in, we did 5 waves down, and the usual slow grind broke down on that drop to 134.30. I was long for a while but exited there.

It just goes to show that no one, especially myself, should marry any analysis. It is a tool that you use to try to get an edge that you have a "net" confidence in and after that it is the trader following their rules. There are many good analysts on Wall Street who would love to trade from home, but have repeatedly failed.

I totally agreed on the complexity of elliot waves but if you get it right, oh man, you saw the entire book while everyone else is of course doing page by page. In the name of the holy Ralph Nelson Eliot, I pray.

[KeiZai]

TVIX stage two afterburner engaged!

sleeping giant getting stronger and stronger

[BullBear52x]

Tick registered -1126, new LOD will really color up the bear move

[fehro]

careful... looks like we should bounce higher.. but could have a very sharp breakdown

[soku]

i read it as a rectangle, which is really bothering and boring. i hope it can break down today. i want to cover at 1325 or 4:00.

[Petsamo]

Did you heard that rumor of assassination Kim Jong-un?...I dont think its true but IF what will it cause with markets? most likely down or up?

Nothing. Why should the markets rally? All good news is priced in

[ClarkW]

Seriously considered buying some TVIX at the close yesterday but didn't pull the trigger. Congrats to those that did, especially Bulltart. Would like to get in but anytime something's +16% in a day it causes some serious pause for an entry. Then I checked it out on the daily chart and recognized it *could* have lots of upside still. Crazy volatile.

[KeiZai]

Did you heard that rumor of assassination Kim Jong-un?...I dont think its true but IF what will it cause with markets? most likely down or up?

Nothing. Why should the markets rally? All good news is priced in

Funny I have been thinking that all bad news is priced in

[TraderGirl]

keizai, I went over your DAX chart and my dates and it makes sense, we will have to see how it plays out....

[fehro]

Seriously considered buying some TVIX at the close yesterday but didn't pull the trigger. Congrats to those that did, especially Bulltart. Would like to get in but anytime something's +16% in a day it causes some serious pause for an entry. Then I checked it out on the daily chart and recognized it *could* have lots of upside still. Crazy volatile.

another TVIX chart...

[soku]

Did you heard that rumor of assassination Kim Jong-un?...I dont think its true but IF what will it cause with markets? most likely down or up?

where do u see it? link?
if it happens, we will see something like 1987. korea has IT for real. entire east asia is going to worry about korea's revenge.
if they really shoot IT, ... i don't want to do this if.