350zCommtech's Account Talk

[hessian]

350z,
Forgive me, in advance for the post. The tracker had me as inactive, so I'd just like to post 2 things that I see:
First, technicals, see the VIX for the extreme widening of the Bollinger Bands for the VIX (and what happened the last time the BB widened to this extreme). :blink: (On the link, replace 200EMA with BB, and update)
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=4&dy=0&id=p55192775979
Also, note that today, 10 min., there was what seems a bear flag formed around in the noon, 1100 to 1300 hours. It will be interesting to see what "In-the-Money-Stocks" says later about this (generally at about 3:00).
http://www.youtube.com/user/inthemoneystocks
VR

 

[350zCommTech]

350z,
Forgive me, in advance for the post. The tracker had me as inactive, so I'd just like to post 2 things that I see:
First, technicals, see the VIX for the extreme widening of the Bollinger Bands for the VIX (and what happened the last time the BB widened to this extreme). :blink: (On the link, replace 200EMA with BB, and update)
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=4&dy=0&id=p55192775979
Also, note that today, 10 min., there was what seems a bear flag formed around in the noon, 1100 to 1300 hours. It will be interesting to see what "In-the-Money-Stocks" says later about this (generally at about 3:00).
http://www.youtube.com/user/inthemoneystocks
VR

Yup, the VIX suggests more pain might be coming, but as you can see, it poked through the Bollinger band. It will try to come back in. That's when we'll see a bounce. That might be just around the corner. Perhaps one more big down day. The bounce will probably be short term.

As for the bear flag, can you post the chart? The only possible one I see is in the Euro hourly.

 

[350zCommTech]

File this under "No ****!"

Fitch: Legal issues could impact Goldman's rating
(AP) – 2 hours ago


NEW YORK — Fitch Ratings said Wednesday that Goldman Sachs' recent legal troubles and the evolving regulatory landscape might lead the agency to eventually review the bank's top-tier credit rating.
http://www.google.com/hostednews/ap/article/ALeqM5jfMKVTqn3ydcsEbEXgt8tPGZ2NvAD9FGPSLO0

 

[350zCommTech]

Japanese traders back to work early from their extended holiday? The Yen is rising fast and taking down the USM.:worried:


View attachment 9280

 

[hessian]

;As for the bear flag, can you post the chart? The only possible one I see is in the Euro hourly.

Here is the In-the-Money for today. - I see they didn't call the "noon-bounce" a "Bear-Flag" - but so far today we seem to be headed lower.



Another indicator - check out the $TRANS below (same, on the link, replace 200 EMA with the BB - it seems to have confirmed yesterday's close below (so far, and - continuing right thru the 20 EMA and droping further. Everyone knows the signifigance of the $TRANS (also note the $TRANS "Parabolic SAR").
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=5&dy=0&id=p55192775979
Just my opinion, VR

 

[350zCommTech]

Another indicator - check out the $TRANS below (same, on the link, replace 200 EMA with the BB - it seems to have confirmed yesterday - continuing right thru the 20 EMA and droppping further. Everyone knows the signifigance of the $TRANS (also note the $TRANS "Parabolic SAR").
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=5&dy=0&id=p55192775979
Just opinion, VR

Good observation on the $Trans. What looks bad to me is the MACD. It suggests that we in the early stages.:worried:

 

[sdouglas3]

Here is the In-the-Money for today. - I see they didn't call the "noon-bounce" a "Bear-Flag" - but so far today we seem to be headed lower.



Another indicator - check out the $TRANS below (same, on the link, replace 200 EMA with the BB - it seems to have confirmed yesterday - continuing right thru the 20 EMA and droppping further. Everyone knows the signifigance of the $TRANS (also note the $TRANS "Parabolic SAR").
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=5&dy=0&id=p55192775979
Just opinion, VR

Good video. Thanks

 

[350zCommTech]

EAFE down 1.6%+.65% FVC = -.95% unless there is another FV tonight.

 

[Bullitt]

Yeah, the EAFE is going to be under some serious pressure as the EUR/USD makes it's way to 1.25. Watching bonds and oh boy, as the the gold bugs persist that inflation is going to happen tomorrow when the sun comes up, bonds have been rallying. But here's my thing- What a coincidence how yields are getting hammered when the feds have an all time record auction coming up. I guess opportunity knocks huh?

30 year hitting resistance at the December highs and man did it get there in a hurry. Maybe a pull back in bonds in the days ahead as the major indexes hit their December 2009 support levels, but there are plenty of buy and holders who bought the past 2-3 weeks who are going to provide heavy resistance on anything above 1185 on the S&P 500.

The saw says that "tops are a process" and I'm seeing a fair share of TSP'ers getting sucked in on the 'dips' at precisely the wrong time. I believe the tide is turning here.

 

[350zCommTech]

Good support?

But the MACD says any bounce will short lived.

View attachment 9299

 

[350zCommTech]

Seeing some extreme moves in the Yen and Pound. A bounce is near, but is it worth the risk?

 

[Frixxxx]

Seeing some extreme moves in the Yen and Pound. A bounce is near, but is it worth the risk?

I think the dollar took its hit today, FV is keep me from jumping:blink:

 

[JTH]

Seeing some extreme moves in the Yen and Pound. A bounce is near, but is it worth the risk?

More worth the risk than it was Monday and Tuesday when I IFT'd in. My problem I still believe we are in an uptrend, until SPX 1150 is broken.

 

[350zCommTech]

Holding G. maybe tomorrow.

 

[350zCommTech]

Seeing some extreme moves in the Yen and Pound. A bounce is near, but is it worth the risk?

Yen carry trade coming off in a hurry, but has found support. That needs to hold. This will at least offset the big loss that will come from Japan tonight.

View attachment 9313

 

[350zCommTech]

Looks like capitulation is at hand. I should have gotten in...

 

[350zCommTech]

Looks like capitulation is at hand. I should have gotten in...

CNBC pump monkeys blaming the machines.

What a bunch of whores. The currency markets suggests otherwise.

 

[JamesE]

Looks like capitulation is at hand. I should have gotten in...

I should have listened to Coolhand last week....

 

[350zCommTech]

CNBC telling people at home not to panic.


Me things folks in power is trying to engineer a bottom?

 

[fedgolfer]

CNBC telling people at home not to panic.


Me things folks in power is trying to engineer a bottom?

exactly... for a international bailout to occur the big players in Germany and the US wanted firesale prices, they got 'em.... stopped and whipsawed several that had stops in.