03/22/2012 Intraday Watering

[Al_Dente]

Nydec >2200 suggests that the bears are not finished yet
This is the first day (?) that SPY has tagged a downtrend channel. The top of the channel would be near 140 and the bottom of the channel about 138,
but u best check all that yr selves.
And the AAPL market (faded red line behind spy) is not yet in full agreement.

[uempel]

Be careful of 1388 on Spx... Neckline break could see a sharp move down.. Target 1362 ish.

Yes, but I'm not sure about support 1360. 1370ish is very strong.

[uempel]

Nydec >2200 suggests that the bears are not finished yet
This is the first day (?) that SPY has tagged a downtrend channel. The top of the channel would be near 140 and the bottom of the channel about 138,
but u best check all that yr selves.
And the AAPL market (faded red line behind spy) is not yet in full agreement.

322fifteenb.png

Al, the apple market? Do you trade commodities

[Al_Dente]

Nydec >2200 suggests that the bears are not finished yet
This is the first day (?) that SPY has tagged a downtrend channel. The top of the channel would be near 140 and the bottom of the channel about 138,
but u best check all that yr selves.
And the AAPL market (faded red line behind spy) is not yet in full agreement.

322fifteenb.png

Al, the apple market? Do you trade commodities

I'm watching VXX 5m for breakout

[DRL]

This might be of interest. The last 20 min or so, the VXX has been up strong where SPY has stagnated. Perhaps a "tell" of things coming?

[btran874]

I still see one more leg up because the down movement sucks. That means the down movement aka is the correction for the 1st leg up.

[BullBear52x]

Be careful of 1388 on Spx... Neckline break could see a sharp move down.. Target 1362 ish.

Yes, but I'm not sure about support 1360. 1370ish is very strong.

The attachment zz.png is no longer available

You think they gonna let us play the second easy? gap! no bounce off or roll down but GAP

[Mr. T]

TVIX flash crashing......

[Al_Dente]

Be careful of 1388 on Spx... Neckline break could see a sharp move down.. Target 1362 ish.

Yes, but I'm not sure about support 1360. 1370ish is very strong.

zz.png

That’s a nice one Uempel thx ……Amy… http://www.youtube.com/watch?v=namFjcOg ... re=related

PS: Kezai thanks for that bernank live link

[Mr. BachNut]

Still short per ARMs sell warning setup. TRIN is not oversold yet but McClellan Oscillator is flirting. The guidline on this setup is to wait for the first up close to cover. However, I may elect to take profits if we get into stronger support. I am watching the SPX 13 day MA as a possible spot.

[TraderGirl]

TVIX flash crashing......

Good thing Richarab got out when he did...it could be worse....

[KeiZai]

Tvix is eating all stops

[fehro]

Be careful of 1388 on Spx... Neckline break could see a sharp move down.. Target 1362 ish.

Yes, but I'm not sure about support 1360. 1370ish is very strong.

zz.png

You think they gonna let us play the second easy? gap! no bounce off or roll down but GAP

If this is the beginning of a trend change, I wouldn't be surprised with a little chop here , flat Friday ... With a gap down Monday. Fwiw.

[Cobra]

so far goes as planned, this is the 2nd leg down already.

[BullBear52x]

Tvix is eating all stops

If any one take heed on your warning about VXX-iv thy should be safe. the VXX so mess up no sell on TVIX (per VXX) until this morning, thank to you.

[Cobra]

let's see if bears dream could come true this time. not today of course.

[TraderGirl]

Tvix is eating all stops

There's got to be a lawsuit here, I wonder if they notified all of the investors of CS's actions of not supporting the market on this instrument....??? If I were in this thing I would sue!! I used to work for a pretty well known hedge fund, I sued them, they settled...wusses!

[Tek33]

I thought I had a good grasp on TVIX, but I don't understand how it can fall 25% today though. Took it on the chin, but well before the waterfall. Could have been really bad.

[Cobra]

i'm neutral now. in wait and see mode.

[uempel]

Update: