03/08/2012 Intraday Watering

[KENA]

Lets see what happens now..Looking at the 10 day chart the big gaps have been filled and we are toppy.This would be a good place for a reversal.

[BullBear52x]

Lets see what happens now..Looking at the 10 day chart the big gaps have been filled and we are toppy.This would be a good place for a reversal.

are you another "always sell the double top" guy ha?

[btran874]

The Dow looks very nice and may already gave us clues about SPX.

[Cobra]

well, consolidation mean more up.

[Me XMan]

Got my poison $136.75

[Me XMan]

Just great

well, consolidation mean more up.

[CMT]

TLT again, this worked 3 of 3 times recently, fourth time might be stretching it with the closing triangle, but worth the low risk again... stop 115.45, profit at 117.75

[KENA]

Lets see what happens now..Looking at the 10 day chart the big gaps have been filled and we are toppy.This would be a good place for a reversal.

are you another "always sell the double top" guy ha?

Yes I'm short again..Sometimes it works..Lets see.

[Cobra]

the next resistance.

[SB73]

Look at the collapse in TVIX. Wish I was riding the XIV train.

[Al_Dente]

Tuesday VIX was 20, today VIX just cracked 17
Nyadv >2200 bull
Volume flow agrees bull
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Al_Dente]

Look at the collapse in TVIX. Wish I was riding the XIV train.

Senor
XIV is following spy like a puppy
Bottom panel
Do u kno of any juiced XIV equivalent?
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =258329999

[SB73]

Look at the collapse in TVIX. Wish I was riding the XIV train.

Senor
XIV is following spy like a puppy
Bottom panel
Do u kno of any juiced XIV equivalent?
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =258329999

Senor Al,

Hope things are going well for you.
I don't know of one.

[btran874]

OMG, am I seeing this right? COMP is heading back above 3000 and DJI is heading above 13000 again. LoL...

[BullBear52x]

Lets see what happens now..Looking at the 10 day chart the big gaps have been filled and we are toppy.This would be a good place for a reversal.

are you another "always sell the double top" guy ha?

Yes I'm short again..Sometimes it works..Lets see.

for new position, this is THE place to be for short, for long I would wait for 137 SPY to clear. check out my blog, will be back. I up 20% more short as of the moment. stop and reverse position will be at the top wedge.

[stucap]

JBTFD -- nothing else to say.

[Me XMan]

No fear I guess.

Tuesday VIX was 20, today VIX just cracked 17
Nyadv >2200 bull
Volume flow agrees bull
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[SB73]

UVXY down 24% since Tuesday at 3:00 EST...

[btran874]

OMG, am I seeing this right? COMP is heading back above 3000 and DJI is heading above 13000 again. LoL...

Still too early to tell so let's watch the tape.

[nstar]

Al-Dente, can u post the image of the charts?
I am not a paid member of Stockcharts.com,
So all the links u posted do not work for me.
Thnanks a million!

Internals 1 min
Nyadv came out of the gate strong bull at >2300 and is now slowly giving it up. Bulls may still have a chance if it can stay above 2000.
Volume flow (inverted trin) is too weak at the moment….
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Note on the 30 min chart, the second panel $NYAD is my attempt to approximate the $NYMO intraday (using a 2ema on $NYAD).
You can see that it’s been quite sensitive in locating very short term tops/bottoms (pink circle).
Today, as soon as it crosses back down over its red-dotted signal line, it will call out a very short term top.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
(Thank you to RocketMan88, Taggard, and EvilTrader for their NYMO intraday input last month).