[Hisam135i]

Originally Posted by r0wr

Vanity, I don't disagree with what you are saying. I believe that SPX shows major resistance at 1320 on the weekly. If we open up above 1320 Monday and manage to cruiser higher, my bearish bets are off.

I wouldn't take my bets off that quick but by the looks of how Asia opened up I dont think we should be opening positive tomorrow. But with the way things have been going, its a bit hard to tell.

[mact3333]

as posted on 1/19/12...have to admit, it is funny......charts tell stories....what was last thursdays high?...1333?...down 30 from there...this will be a IT top imho.

Originally Posted by mact3333

here is something funny to consider, watch SPX when it touches 1330 as predicted here many months ago, it should drop from there...funnier thing to consider is this, some news will come right at that point and the street will say the drop was due to this bad news(ie-Greece going to default surprise surprise).

Charts usurp news not other way around.

[Vanity]

Originally Posted by mact3333

as posted on 1/19/12...have to admit, it is funny......charts tell stories....what was last thursdays high?...1333?...down 30 from there...this will be a IT top imho.

Dow down went from -130 to -7, and my shorts track it up also making 6%+ today. This is a sick bull. The market is going to have to put it down soon, and adopt a bear.

[r0wr]

We had a sharp gap down today and bulls tried to fill it to make it a green day but failed, which in my book is a good day for bears . Tomorrow is the most bullish weekday since October 2011.. if anybody believes in seasonality.

As for the ST, we are still missing a leg down and a leg up. So the direction isn't clear. I believe that we will revisit the lows of this morning and/or revisit the highs of January 26th, although not necessarily make a higher high.

[Hisam135i]

Such a flat day...

[r0wr]

4 consecutive SPX red bars means a bottom today but odds are also high the Bearish Reversal Bar formed today means a top.

[kyleb350]

Originally Posted by r0wr

4 consecutive SPX red bars means a bottom today but odds are also high the Bearish Reversal Bar formed today means a top.

Cliff notes: It's either going to be a good or bad day.

[r0wr]

Originally Posted by kyleb350

Cliff notes: It's either going to be a good or bad day.

I only state what I see

[Vanity]

I got myself an avatar. What do you guys think?

[Impervious]

Originally Posted by Vanity

I got myself an avatar. What do you guys think?

Is that Benny?

[Vanity]

Originally Posted by Impervious

Is that Benny?

Yeah

[Hisam135i]

Originally Posted by Vanity

Yeah

LOL

[johanness]

*crickets*

[Vanity]

Originally Posted by johanness

*crickets*

Hey Johanness .

How is everyone doing with their portfolio?

I know 2 days ago it looked like TVIX bottomed at 13.90. In the two days thereafter it's hit as high as 15.90 today. 14.4%. Not bad.

And now we're seeing TVIX make gains when the indexes close up. Might be a tell for what the market really thinks. All I know is, someone the other day had made a purchase of 151,000 shares of TVIX. or roughly 2.2 million. The big boys are playing the shorts now.

A while back I told everyone on here "Not to be fooled" by the rally, that it was not real. I said it was a "pump and dump" routine at the start of the year. Well, look at this new article:

Big guys have started selling.

Corporate insiders are now selling their companies’ stock at a rate not seen since late last July.

...among insiders at companies listed on the New York Stock Exchange, this ratio was even more lopsided at 8.2-to-1. [Sell-to-Buy]

In the last full week of that month, for example, the sell-to-buy ratio stood at 0.81-to-1 — a far cry from the 5.77-to-1 registered in the first week of February.

And, of course, the market is a lot higher now than where it stood then — more than 1,600 Dow points higher, in fact.

Given recent insider selling, it’s more likely that the next 1,600 point Dow move will be down than up.

Evidence is seen in the volume being picked up in TVIX and other shorts. Record volume for this year, and only keeps building. You have big boys buying into Ultra-shorts. You have the markets topping out with RSI past the moon. And these are the same insiders that are on TV telling the average investor "he's going to miss the train".


From here, I think it's safe to say that, since we're so far out from our moving averages on the indexes, we will be revisiting 1260 (just from the pullback alone, as historically that's what over-extensions in the market do. They pull back to their moving averages). SHOULD anything bad happen (so unlikely though, right?) I believe we will be revisiting much lower than 1260.

Chime in guys, thoughts?

Edited: TVIX has done 19.6% in the last 2 days. Not bad, considering the indexes had been UP on both days. Down we go soon! Weee

[Vanity]

TVIX up 11% on today's open. Incredible!

[Hisam135i]

Originally Posted by Vanity

TVIX up 11% on today's open. Incredible!

our predictions are now occuring . Charts don't lie. Whenever there is a good day there's good news in greece and whenever there's a bad day its "bad news in greece" aka the news is ful of sh*t . The market has been getting artificially pumped up by Mr. Bernanke's quantitative easing to create the wealth affect. As you can see this happened last year as well:



We also last year hit the 1350 resistance that we hit again yesterday, as you can see we had a pull back, meaning we tested the highs again and the market pulled back. According to this article, there will be some support for the market at 1327:

http://finance.yahoo.com/news/p-500-...093700463.html

More indicators the market is at its top:


Also, note how high RSI is in that graph

And last but not least lets take a look at TVIX

[Vanity]

Are any of you guys making any money here?

TVIX just returned 51% in THREE days. RSI is still OVERSOLD relative to overbought! To the moon with this thing!

[Hisam135i]

Originally Posted by Vanity

Are any of you guys making any money here?

TVIX just returned 51% in THREE days. RSI is still OVERSOLD relative to overbought! To the moon with this thing!

I just picked up some TVIX aftermarket at 18.47 hopefully didnt pay to much

[Hisam135i]

Jk went up 20 cents right after I bought it

[Vanity]

Originally Posted by Hisam135i

I just picked up some TVIX aftermarket at 18.47 hopefully didnt pay to much

Ouch, aftermarket always burns me with their full-commission rates. But its worth it today since TVIX is seeing profiteering after sessions

It's 200dma is $38-40. SPX 200dma is near 1260, a near 100 point decline. I'm expecting a RSI reversal on both the two, and perhaps TVIX succeeding it's 200dma *fingers crossed*.

Disclaimer: Not meant to be investment advice. It's just a projection. Trade at your own risk. Vanity is not licensed to be your financial representative.

[Vanity]

Originally Posted by Hisam135i

Jk went up 20 cents right after I bought it

Let's make some $$

[Hisam135i]

Originally Posted by Vanity

Let's make some $$

Tell the bear it's his time to go on stage