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08/24/2012 Live Update

08/24/2012 Live Update

Postby Cobra » Fri Aug 24, 2012 9:04 am

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Small gap down, below yesterday's low, so not sure if the gap will be filled or not.

Nothing changed since yesterday's opening statement on Global ES, the text book target is 1390. Now it reached Fib 61.8 1-2-3 Formation target and 100% MM target and in strong support area, so may take a reset here, let's see.
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Re: 08/24/2012 Live Update

Postby happychen » Fri Aug 24, 2012 9:13 am

shafa
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Re: 08/24/2012 Live Update

Postby Harapa » Fri Aug 24, 2012 9:14 am

Momentum Block Update:
Houston, we have a problem!
Concurrent softness in currencies/futures/volatility were observed at major turning points (in this case direction will be down). Trade carefully. Information is more useful to swing/intermediate traders, but day traders can also benefit from it by not betting against the trend..
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Re: 08/24/2012 Live Update

Postby Al_Dente » Fri Aug 24, 2012 9:19 am

Eurozone contraction http://screencast.com/t/qLNHMrMfjg
China’s hard/soft landing http://screencast.com/t/8haSDdiFrcd

CHINA STIMULATES
“People’s Bank of China injected RMB145 billion via reverse repo”
http://www.alsosprachanalyst.com/econom ... -repo.html
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Re: 08/24/2012 Live Update

Postby Harapa » Fri Aug 24, 2012 9:19 am

Vixies were having a party in the BEAR camp at the close of yesterday. Looks like music is getting louder and louder (VIX future are up 1.5% in the premarket).
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Re: 08/24/2012 Live Update

Postby Al_Dente » Fri Aug 24, 2012 9:25 am

Ned Davis Research
“Our research suggests that the excess in housing has been eliminated…”
http://screencast.com/t/3BeJ8K253j2
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Re: 08/24/2012 Live Update

Postby ronrico » Fri Aug 24, 2012 9:26 am

uvxy beginning to show divergence on these lows. watching for next new lows to begin to form a low on the indexes with divergenge in volatility
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Re: 08/24/2012 Live Update

Postby TradingJackal » Fri Aug 24, 2012 9:30 am

So we gap down below 1400. Let's see if there are buyers!
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Re: 08/24/2012 Live Update

Postby Cobra » Fri Aug 24, 2012 9:32 am

the open.
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Re: 08/24/2012 Live Update

Postby TradingJackal » Fri Aug 24, 2012 9:34 am

Will divergence play again?
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Re: 08/24/2012 Live Update

Postby stucap » Fri Aug 24, 2012 9:35 am

TradingJackal wrote:So we gap down below 1400. Let's see if there are buyers!


MUST FILL GAP! MUST PROTECT 1400!
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Re: 08/24/2012 Live Update

Postby Harapa » Fri Aug 24, 2012 9:46 am

IWM must hold here else watch out below!
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Re: 08/24/2012 Live Update

Postby stucap » Fri Aug 24, 2012 9:48 am

Cobra wrote:the open.


consolidation favor bears?
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Re: 08/24/2012 Live Update

Postby gappy » Fri Aug 24, 2012 9:48 am

120824-ECB.png
Can kick schedule.
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Re: 08/24/2012 Live Update

Postby Cobra » Fri Aug 24, 2012 9:49 am

stucap wrote:
Cobra wrote:the open.


consolidation favor bears?


wait, cannot say it's consolidation yet.

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Re: 08/24/2012 Live Update

Postby stucap » Fri Aug 24, 2012 9:52 am

Cobra wrote:
stucap wrote:
Cobra wrote:the open.


consolidation favor bears?


wait, cannot say it's consolidation yet.


thanks.
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Re: 08/24/2012 Live Update

Postby Al_Dente » Fri Aug 24, 2012 9:52 am

Paper/scissors/rock chart
Spy opened right smack on top of the daily bolinger centerline (neon dotted green line on top panel)
Recently, it hasn’t stopped there (red circles)……..we’ll see
824bb52xpaper.png
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Re: 08/24/2012 Live Update

Postby TraderGirl » Fri Aug 24, 2012 9:54 am

SPX...looks like we could use a small wave down on the 1 minute??
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Re: 08/24/2012 Live Update

Postby KENA » Fri Aug 24, 2012 9:56 am

Looks like the $ is trying to form a H&S..Something to be aware of.
d%20hs.png
chart by stocktiming
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Re: 08/24/2012 Live Update

Postby Mario TR » Fri Aug 24, 2012 10:03 am

algo.png

chart by stocktiming
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