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Al_Dente wrote:Note volume one minute ago
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427
Judy Garland, 1960s, live http://www.youtube.com/watch?v=nCqzt3AK ... re=related
since RUT/IWM is strong today, guess we'll breakout finally? too bad I'm on wrong side...Cobra wrote:still not good enough.
all i saw was WAR!uempel wrote:Great chart, great Judy!Al_Dente wrote:Note volume one minute ago
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427
Judy Garland, 1960s, live http://www.youtube.com/watch?v=nCqzt3AK ... re=related
I take it that you think it could break in either direction?( Your Targets) Will that play into tomorrow?Cobra wrote:still under trend line pressure, not a strong breakout. 27 min to close.
Yes it is, you have turn dates of Jan 23/24, and Bradley turn date on 28th, so that is why we could see a turn down on Monday of next week...??? We will see....Travelfrog wrote:Isn't 28th Jan the next Bradley turn date?
Small caps and emerging markets are stronger today.wishful wrote:since RUT/IWM is strong today, get we'll breakout finally? too bad I'm on wrong side...Cobra wrote:still not good enough.
Cobra any thoughts on a lower high and lower low or view as consolidation. I still think we chop to 1300 before breaking higher.Cobra wrote:trend line support. too bad it's not a valid ascending triangle and valid breakout. 19 min to close, so I have no idea now.
Everybody is bracing for tomorrow, don't know if State of the Union will have an impact, but Fed statement might. I've got a nice signal on the daily for tomorrow. Didn't trade today, saw no real edge. Here latest update:Al_Dente wrote:UEMPEL
See how that 1 min volume stick was red, and TNX red-ish
VIX green, tick green
Internals suck today, however nyadv and nydec both suggested whipsaws ALL DAY LONG (neither gained dominance >2000…….YET)
Judy 4 u http://www.youtube.com/watch?v=eT0ms9Ud ... re=related
Another thing I wanted to say was that even though yesterday/today was a turn date, Weds and Thurs has a Venus/Moon conjunction, so that can be a positive aspect that could potentially hold the market up before it finally turns down, so you have to look at all conditions...[/quote]juankim wrote:I follow a lot of different people and try to take what works from each person. Merriman calls a lot of good turns. Some of them have not been so effective because of this market run-up, but there are other forces that won't allow a market to correct. I believe in "time" more than price for turns. Sometimes all of a sudden sentiment can change on a dime, those are from underlying cycle/astro events. Bradley dates are not 100%, but they do sometimes call turns in particular indexes/markets, and sometimes the market direction. My previous call for the last major Bradley turn date of 12/28/2011 was that it could turn 7-8 days prior to 12/28, because there was another turn around that date, and it did turn on Dec 20.
I usually take multiple dates and directions, and correlate to the current market conditions. Like Silver and Oil, yesterday and today was a turn date, but it may turn back up with the market this week, then fall next week with the market, if it starts to sell off.
pattern too small, even this is the top, the pullback won't be large.SB73 wrote:Cobra any thoughts on a lower high and lower low or view as consolidation. I still think we chop to 1300 before breaking higher.Cobra wrote:trend line support. too bad it's not a valid ascending triangle and valid breakout. 19 min to close, so I have no idea now.