02/01/2012 Intraday Watering

[Al_Dente]

support now sit at 131.5

BB what's faded behind spy here?

[SWalsh]

interesting Nanex (They monitor quotes and first revealed how fast the computers were) chart on the mkt become unstable on the opening as compared to prior times. Their discussion of what this is at link:

http://www.nanex.net/Research/NBBOStabi ... ening.html

[Unique]

78.6% fib retracement SPY at 132.7. Possible scalp short here.

[Unique]

interesting Nanex (They monitor quotes and first revealed how fast the computers were) chart on the mkt become unstable on the opening as compared to prior times. Their discussion of what this is at link:

http://www.nanex.net/Research/NBBOStabi ... ening.html

Have u read their flash crash report?

[BullBear52x]

support now sit at 131.5

BB what's faded behind spy here?

are you looking at the Volume? that was from yesterday

[Cobra]

target. again, nowadays, this kind of target usually doesn't work. let's see this time.

[SWalsh]

Treasurys sell off (TLT gap) as investors pile into stocks

Folks, u can’t make this stuff up:
“The Treasury Department is exploring the idea of issuing two new types of securities as a way of expanding the government's means of financing operations. One of the securities would offer a floating interest rate …. THE OTHER WOULD ALLOW FOR SECURITIES TO BE AUCTIONED WITH NEGATIVE YIELDS, WHICH ESSENTIALLY ALLOWS INVESTORS TO PAY THE GOVERNMENT FOR THE PRIVILEGE OF BUYING THOSE SECURITIES…”
http://news.ino.com/headlines/?newsid=68983757575680

If the EU looks like it will be in imminent collapse they'll sell those negative yields. Debt implosion has been Bernanke's nightmare. It is uncontrollable with no known tools.

[BullTart]

TVIX trade is coming to a cross road soon.

If the VIX RSI punches through the ascending line, and the SPY does not form a double top here, then I will be forced to exit the TVIX trade and eat the loss as that would be a failure confirmation of the trade setup.

We are nearing that point, so need to be disciplined here.

[SWalsh]

interesting Nanex (They monitor quotes and first revealed how fast the computers were) chart on the mkt become unstable on the opening as compared to prior times. Their discussion of what this is at link:

http://www.nanex.net/Research/NBBOStabi ... ening.html

Have u read their flash crash report?

I believe I did but for the life of me, can't recall what it said at this moment. "Fat Fingers" seems to have been BS is what I'm recalling.

[Al_Dente]

support now sit at 131.5

BB what's faded behind spy here?

are you looking at the Volume? that was from yesterday

this one (yours) this morn
download/file.php?id=14244&mode=view

[BullBear52x]

support now sit at 131.5

BB what's faded behind spy here?

are you looking at the Volume? that was from yesterday

this one (yours) this morn
download/file.php?id=14244&mode=view

those are lines for scalping, extreme NYupv/Nydnv and the lines for intraday. see extreme down volume.

[ClarkW]

We have a painting like this on my fridge from our son.

interesting Nanex (They monitor quotes and first revealed how fast the computers were) chart on the mkt become unstable on the opening as compared to prior times. Their discussion of what this is at link:

http://www.nanex.net/Research/NBBOStabi ... ening.html

[BullTart]

TVIX trade is coming to a cross road soon.

If the VIX RSI punches through the ascending line, and the SPY does not form a double top here, then I will be forced to exit the TVIX trade and eat the loss as that would be a failure confirmation of the trade setup.

We are nearing that point, so need to be disciplined here.

We are only about 7 points away from the previous high, so the window is coming to a close soon. By tomorrow, we should know if the double top with a NegD on the daily RSI is in play for the SPY or not.

So, very key time.

If we rocket higher, it will be time to eat the loss. Of course, I don't think we will, but if it does, discipline will be exercised.

[SWalsh]

I've never seen this before. Using T-Theory (Terry Laundry's finding whose indicator is on a large divergence), two various points are hitting right now. So we have symmetry within symmetry:

[BullBear52x]

TVIX trade is coming to a cross road soon.

If the VIX RSI punches through the ascending line, and the SPY does not form a double top here, then I will be forced to exit the TVIX trade and eat the loss as that would be a failure confirmation of the trade setup.

We are nearing that point, so need to be disciplined here.

We are only about 7 points away from the previous high, so the window is coming to a close soon. By tomorrow, we should know if the double top with a NegD on the daily RSI is in play for the SPY or not.

So, very key time.

If we rocket higher, it will be time to eat the loss. Of course, I don't think we will, but if it does, discipline will be exercised.

Yes, this double top will be bears last stand, do or die. really for bears, good risk reward spot for new position on both sides.

[Unique]

target. again, nowadays, this kind of target usually doesn't work. let's see this time.

5min MACD is unsustainable to reach such highs.

[Petsamo]

USO getting hammered

[SWalsh]

We have a painting like this on my fridge from our son.

interesting Nanex (They monitor quotes and first revealed how fast the computers were) chart on the mkt become unstable on the opening as compared to prior times. Their discussion of what this is at link:

http://www.nanex.net/Research/NBBOStabi ... ening.html

As did I used to...LOL

[SB73]

USO getting hammered

That big pop on UNG turned out to be a dud. I will be watching this one down the road to see if it is something worth throwing money at. My TVIX trade started at 17.30 and ended at 17.20. Trying to figure out if I should have taken profits some time yesterday.

[BullBear52x]

I got intraday sell flashing I expected to see us trades down to 131.5 if not I will be really disappoint in bears.