02/22/2012 Intraday Watering

[Tabby]

PAGING TVIX and VXX traders...............
Seems Credit Suisse suspended issuance of new TVIX shares yesterday (don't know what the affect of that will be). However I did notice a large divergence between VXX and TVIX today (TVIX seems up but VXX down).
See this website for additional details. http://vixandmore.blogspot.com/

THANK YOU DRL that is very valuable info
Suspending the issuance of new shares means that TVIX now trades like an old fashioned “Closed End Fund” with a fixed number of shares trading at a premium/discount to NAV net asset value. (Anyone know where to find its NAV intraday? Or the “IV” or “IIV”).

Day Traders might consider VXX as an alternative, when appropriate.

Hey Al. I used to check it on google finance but they don't updated it. If you go to yahoo finance and enter ^FAZ-IV ot ^ TVIX-IV or you get a value but I don't know if this has 15 MINs. delay. You need to enter IV after the fund.

[ZimZeb]

(animated gif)

[soku]

GETTING DRUNK TONIGHT

for what? spx -5 and change? come on man. u been easy

[Cobra]

info only, trend line support not far away.

[Al_Dente]

1min
Note bot selling
Just a smidge more cooperation from VIX would be great for bears
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

THANK YOU TABBY u always come thru….preciate it

[TraderGirl]

GETTING DRUNK TONIGHT

for what? spx -5 and change? come on man. u been easy

If you're trading spy options, one could be up about 12% on puts, depending on which maturity date....

[uempel]

Update SPX 1 min chart:

[fehro]

could bounce here.. retest neckline? or are we making a channel? green? or aqua? or just break down

[TWT]

ES Globex: If this is a DZZ wave (IV) of the Ending Duagonal then it has to overlap below the wave (I) high at 1352.75.
The current diwn leg should be the wave (C), which can trace an impulsive or ending diagonal pattern.

If it is an ED we could have an eod rally
if it is impulsive it could inflict technical damage and maybe it could have bearish implications.

(thewavetrading.com)

[BullBear52x]

My RSI is positive now, but the price level is not, therefore this is nothing more than a consolidation from this moment, lower low or LOD will be tested once more time me thinks.

[uempel]

A red ellipse beating the zigzag and the Fib fan?

[Al_Dente]

ES Globex: If this is a DZZ wave (IV) of the Ending Duagonal then it has to overlap below the wave (I) high at 1352.75.
The current diwn leg should be the wave (C), which can trace an impulsive or ending diagonal pattern.
If it is an ED we could have an eod rally
if it is impulsive it could inflict technical damage and maybe it could have bearish implications.
(thewavetrading.com)

TWT
I don’t kno what ED duagonal is BUT I DO KNO WHAT AN EOD RALLY IS
(Beware short covering). If it looks like covering, and walks like covering and quacks like covering, and has big spike up bars for no reason……
But right now it is just a flag with “no chance”…..oy, tell that to VIX

[Me XMan]

It's just a start...no lap dance yet

GETTING DRUNK TONIGHT

for what? spx -5 and change? come on man. u been easy

[soku]

we see some support at low 1350 area, which was the dbl top formation from last week. will it hold? i am not sure that's why i am sitting on hand right now. market is slightly oversold. need some correction. we will get a better picture either late today or early tomorrow

[TraderGirl]

A red ellipse beating the zigzag and the Fib fan?

44.png

1353 was a breakout point, so it makes sense that we test that area again, do you have any time target? I am thinking we won't get there until around close today, or tomorrow morning/mid-day???

[TWT]

EURUSD: if Triangle plays out then expect eod SPX rally

(thewavetrading.com)

[Denali92]

RUT bounce off of the MA? or break 810... then 790?

790 has made a lot of sense this whole month.... thought we were headed towards it on the 16th!

I think it is still the target... but RUT is so WEAK on a relative basis that it may take some real weakness in SPX and MID to get there.

-D

[Tabby]

ES Globex: If this is a DZZ wave (IV) of the Ending Duagonal then it has to overlap below the wave (I) high at 1352.75.
The current diwn leg should be the wave (C), which can trace an impulsive or ending diagonal pattern.
If it is an ED we could have an eod rally
if it is impulsive it could inflict technical damage and maybe it could have bearish implications.
(thewavetrading.com)

TWT
I don’t kno what ED duagonal is BUT I DO KNO WHAT AN EOD RALLY IS
(Beware short covering). If it looks like covering, and walks like covering and quacks like covering, and has big spike up bars for no reason……
But right now it is just a flag with “no chance”…..oy, tell that to VIX

http://www.elliottwave.net/educational/ ... asics2.htm

only happens in wave 5 or wave C.

[Al_Dente]

5min
VIX doesn’t have a bb compression today, just what looks like a triangle that she’s trying to break
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256816464

[Cobra]

I have not much clue, for now, still looks like a small bear flag but I need see more bars.