04/15/2011 Intraday Watering

[Cobra]

Cobra, just registered, have been watching for a while, so thanks to you and all here for unbiased WYSIWYG views and information.

I trade using Saxobank in Europe - and while I don't trade the French CAC it has just shown a 140 point collapse in 2 minutes. Thats a 3.5% drop (flash crash) Can anyone verify?

Thanks and welcome aboard. Who has real time French CAC, can verify this? I don't see any reaction here, so maybe just a data error?

[StrikePrice]

Nuetral now, trade above gap resistance no but or is....BUY.

I still short SSO.

Short on break of trend line?

[zombiebraingoo]

daily spx is almost VERY bullish - adx needs to cross to the up side and the 14 ema needs to turn up - otherwise this is looking like a breakout soon.

price has stabilized above the 55ma, stoc rsi has mellowed and turned up, usd:spx ratio is below the 20ma...

[andyway]

This being option expiration day. It appears the target for
IWM 82.5
qqq 56.5
spy 131.5
Low Vix kill any premium all put and call
might as well go to bed I predict flatline for the rest of the day
no other analysis needed. unless we get an earthquake the day is already over

[jamesmith]

:mrgreen:

[champix]

Cobra, just registered, have been watching for a while, so thanks to you and all here for unbiased WYSIWYG views and information.

I trade using Saxobank in Europe - and while I don't trade the French CAC it has just shown a 140 point collapse in 2 minutes. Thats a 3.5% drop (flash crash) Can anyone verify?

Thanks and welcome aboard. Who has real time French CAC, can verify this? I don't see any reaction here, so maybe just a data error?

Only a mistake from SaxoBank EU with their CAC CFD product... cac cash is well and FutCac as well !

[BullBear52x]

Nuetral now, trade above gap resistance no but or is....BUY.

I still short SSO.

Short on break of trend line?

I always short on resistance that's not new, stop on a break out and BUY on support and stop at break down. lowest risk ratio point per my understanding.

[bbc]

Totally understand what you said, but you are simply wrong.

take LEAP 330C 2013 as example, see if market moves against you with this magnitude. This is the least possible aggressive position.
LEAP yesterday is about 290.00 per call, today? 255 per call. You think -15% one day is not risk?

you can still argue that -15% will be filled sooner or later in two years. But you can get 15% (more or less) discount
on your average cost if you enter after ER.

Incorrect. My puts are up today, only 3% but up, so buying ahead of earnings yielded a profit. I did not buy the 330s, I bough the 220s. They aren't shown on Yahoo Finance. Bottom line, buying ahead of earnings of a LEAP doesn't really matter. It's a long-term position, short term price movement means nothing.

Whatever, I knew it's a waste of time arguing about this. I just gave a what-if scenario to illustrate your odds if it goes against you. I made one mistake on my reasoning. You played Deep out of money options, for comparison, I should use
something like 800c or 900c to show what-if scenario.

say 900c if you had very bullish long term view, 2013 900c, 9dollar->6dollar before and after. Even worse. I knew Goog
direction favors you this time, but it's just wrong that you buy LEAP just before ER and claim you don't care about ER.

Implied volatility drops after ER even for LEAP which is common sense it dropped from 34.6 to 32.2 for 300p Not small at all. I see no 220 put 2013 anywhere. not from IB or Bloomberg.

[JJS612]

Cobra, just registered, have been watching for a while, so thanks to you and all here for unbiased WYSIWYG views and information.

I trade using Saxobank in Europe - and while I don't trade the French CAC it has just shown a 140 point collapse in 2 minutes. Thats a 3.5% drop (flash crash) Can anyone verify?

Thanks and welcome aboard. Who has real time French CAC, can verify this? I don't see any reaction here, so maybe just a data error?

Only a mistake from SaxoBank EU with their CAC CFD product... cac cash is well and FutCac as well !

Thanks for qualifying - maybe a false print - look into the future - when this house of cards shows its true colours.

[StrikePrice]

Nuetral now, trade above gap resistance no but or is....BUY.

I still short SSO.

Short on break of trend line?

I always short on resistance that's not new, stop on a break out and BUY on support and stop at break down. lowest risk ratio point per my understanding.

cool, thx. your posts rock.

[zombiebraingoo]

I tend to think we are going to get some kind of intermediate cycle "top" soon (june?), BUT this monthly chart is looking really bullish.

The 14ma is about to cross the 50 ma and without the price pattern that occured in 2004.

There is a real chance that this moves higher, faster before 2012.

[agnosia]

triangle consolidation right at weekly pivot, 1313. which way are we gonna break?

[Mr. BachNut]

Six rising bottoms since yesterday morning. Looks like a wedge starting to form.

[KENA]

triangle consolidation right at weekly pivot, 1313. which way are we gonna break?

UP UP UP

[zombiebraingoo]

triangle consolidation right at weekly pivot, 1313. which way are we gonna break?

UP UP UP

yup Yup YUP!

[soku]

getting so bored. any trading ideas to share?

[99er]

SPX
Time to roll over.
http://99ercharts.blogspot.com/2011/04/spx_3291.html

[MajorEasy]

I tend to think we are going to get some kind of intermediate cycle "top" soon (june?), BUT this monthly chart is looking really bullish.

monthly chart looks bearish to me...
http://www.freestockcharts.com/tweets/? ... 3a81%2fCvt

[rptrader]

OE day trade, boring , watch the big money manipulate.
VIX collapse again.

[ddd]

guys, among the blue chips IBM & XOM are much better proxy of the market these days. won't bother GS much anymore.