08/14/2012 Live Update

[Harapa]

Lowest tick of the day
I think it was -1100
Not sure
it's bouncing now

VIX/RVX/VXO/VXN all in sell mode

[Al_Dente]

I VERY RARELY get this big of a neg diverg on my 30 min STO (red dotted line, just above price panel)

[nightlyhawk]

Real bears (i.e. big guys) are taking action as soon both SELL signals kicked in. Yet, this selling isn't into a FULL mode yet. Another reliable indicator of mine shows that a big drop is coming.

[TraderJoe]

nightlyhawk, Nice charts...

[fehro]

bounce? or crash?

[Cobra]

well, guess that's it for today. not a good looking daily bar, bears finally see some lights on the other side of the tunnel, just hopefully it's not a headlight of an incoming train! Thank you guys, I'll see you tomorrow.

[Mr. BachNut]

Back into the rectangle.
The stops above got run last night and this morning.
That leaves only the stops below untouched...

[TraderGirl]

/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..

A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..

Yes, thank you

The fact that the XIV is already turning down before the turn date, and the probability that we could be up into the 23/24th, and that my chart can shift a day or so, leads me to believe the turn will be up not down, possibly more like on Thursday....???? I just don't want to be bias either way...keeping possibilities open, because in this market, the pullbacks have been small so far, not expecting too much of a move down....

EdIt: not much of a down between now and 24th....

[SigmaEcho]

well, guess that's it for today. not a good looking daily bar, bears finally see some lights on the other side of the tunnel, just hopefully it's not a headlight of an incoming train! Thank you guys, I'll see you tomorrow.

"..headlight of an incoming train!"

thanks cobra

[Al_Dente]

blabla

VIX/RVX/VXO/VXN all in sell mode

so 168 had to go below zero line, right???

[BlackThought]

nice close. i wanted to see a black candle on the daily

[shaca]

this is the 2nd reversal bar in a row on spx
hanging man yesterday, and a doji today, i think there is an high chance to see a change in the trend.
lately 1 reversal bar was enough to see a reversal, now there are 2

gravestone doji on eur/usd in this moment

[ZimZeb]

(On behalf of my fellow lurkers)
The banter today was exceptional--thanks to all for all the chuckles...and charts!

[Al_Dente]

Lowest .....

Al, I have two Ticks at less than -1000. Two ticks separated in time on the same day signals a reversal of trend to me. I have seen the same earlier (but on the bullish side).

"""""""""Two ticks separated in time on the same day signals a reversal of trend to me.""""""
jackal can u elaborate on that? thx

[MrMiyagi]

That is one huge-ass reversal candle at the close. Last 3 minutes had 2.5 million buying on SPY.

[victorm]

/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..

A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..

Yes, thank you

The fact that the XIV is already turning down before the turn date, and the probability that we could be up into the 23/24th, and that my chart can shift a day or so, leads me to believe the turn will be up not down, possibly more like on Thursday....???? I just don't want to be bias either way...keeping possibilities open, because in this market, the pullbacks have been small so far, not expecting too much of a move down....

EdIt: not much of a down between now and 24th....

Thanks TG, got 11+% on UUU today.

[Al_Dente]

there are big reports out tomorrow
http://mam.econoday.com/

[shaca]

what's this? a bullish kicker? i found a similarity

[OverUnder]

Swing day, big down coming, just that simple. Here's today's candle:

[Al_Dente]

(On behalf of my fellow lurkers)
The banter today was exceptional--thanks to all for all the chuckles...and charts!

Zim aren’t u the one with the gorgeous custom charts?
Why u don’t post them more?

ps: don’t u agree that my charts are MUCH purtier than bb52x’s ?