02/22/2012 Intraday Watering

[KENA]

Looks like a slow trend up is forming on the 1 min spy Wait and see.

[soku]

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

GETTING DRUNK TONIGHT

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

well, when u do that or anything beyond, be very careful.

http://articles.cnn.com/2012-02-21/worl ... =PM:EUROPE

key points learned from Kahn, the former IMF chief
1. pretend you don't know it's corporate fund.
2. pretend you don't know women are prostitutes.

[TWT]

DAX: First time in a very long time that price could be unfolsing an impulsive down leg.

This is a serious warning that the DAX may have established already the top of the wave (3) of (C)

[uempel]

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???

No TraderGirl, don't know the intraday pattern, I've got the targets on a daily chart. As to the trading: I'll be putting in some open-to-sells on the ES after the close tonight - trigger points between 69.5 and 75 - but this is a tricky game. I'm playing like that because I can't trade tomorrow - I'm switching from copper to fiber optics. and I'll be offline for a few hours.

[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)

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

Sorry I mean Ending Diagonal

[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)

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.

Right and this current down leg can be the wave (C) of (Y) off yesterday´s hod

[soku]

i know i shd never be a bond trader.
i said 70% haircut the other day. it turns out i missed total loss (principal and interest) with haircut (principal only). the haircut was less than70%. anyway, the overall loss is 75%ish, so i am not too far off.
zh reports greek 1 yr hit 763% which means if u bot before the deal, u lose big again. don't ask me how much the loss is. yr guess is as good as mine

volatility? check this out. (also from zh)

[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.

Right and this current down leg can be the wave (C) of (Y) off yesterday´s hod

I am sure you are a very knowledgeable EW traders but I am not able to follow your counting waves. I get lost where you started your 1st wave from. I need to check your website one of these days.

[Al_Dente]

Volatility just went bull?
http://stockcharts.com/h-sc/ui?s=$VIX&p ... =252313790

http://www.youtube.com/watch?v=bjRnw9pj ... re=related

[The Hook]

aud/jpy and fxe did not sell off

[Cobra]

resistance. volume surge, biggest bar, so could see pullback here. then we'll see. the rebound still a little shy of the target.

[BullBear52x]

VIX

[Cobra]

trend line. lunch time. will be back. the big picture bulls are OK. no bears I see.

[Al_Dente]

Spy is just squeezing to vwap
Dow stocks sqz above vwap: BA, IBM (note 5m gap), UTX, others

[Al_Dente]

VIX

hi baron
update on that triangle vix was trying to break
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256816464

[BullBear52x]

VIX

hi baron
update on that triangle vix was trying to break
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =256816464

Nice, XLF and IWM are too weak to carry on this rally, if buyers can not manage to close in green, doji or red daily candle will really going to put some pressure tomorrow on the down side. the day still young.

[uempel]

Looks as though SPX managed to break the ellipse:

[BullBear52x]

waiting to see next sell trigger, 15minutes or so should trigger another sell here.

[TraderGirl]

SPX looks like it is backtesting long term resistance breakout at 1355, don't know if we will go below lod today at 1355 tomorrow IF we had 5 waves down today, we may test....

[waverider]

If anyone wants to trade a levarged VXX ETF, it's called UVXY.