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08/24/2012 Live Update

Re: 08/24/2012 Live Update

Postby TradingJackal » Fri Aug 24, 2012 10:07 am

Wolfe wave. Ratios with 127 fib are not perfect so less likely.
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Re: 08/24/2012 Live Update

Postby stucap » Fri Aug 24, 2012 10:08 am

took one little dip to awake the honey badger. brace yourself.
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Re: 08/24/2012 Live Update

Postby KENA » Fri Aug 24, 2012 10:08 am

The strong stocks went dn and weak stocks went up yesterday giving the bears the advantage.
-%202.png
chart by stocktiming
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Re: 08/24/2012 Live Update

Postby Al_Dente » Fri Aug 24, 2012 10:08 am

Yeowwwwww
Short china FXP jumped to the top of my NARROW watch list, best performer INTRADAY ONLY
I guess nobody cared about the stimulus?
Here’s more china chatter I've been reading, if u r interested

“China should prepare for economic uncertainty…The Communist Party's mouthpiece newspaper said the government had the flexibility to … “
http://finance.yahoo.com/news/china-pre ... 4.html?l=1

“… The four biggest bubbles of the last 40 years... with Iron Ore the clear winner...and...”
http://www.zerohedge.com/news/marc-fabe ... to+zero%29
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Re: 08/24/2012 Live Update

Postby Cobra » Fri Aug 24, 2012 10:09 am

OR. nothing to say, wait for breakout, could be on either side.
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Re: 08/24/2012 Live Update

Postby TradingJackal » Fri Aug 24, 2012 10:12 am

Ratios look great on SPY. Touch of the blue Wolfe line.
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Re: 08/24/2012 Live Update

Postby Al_Dente » Fri Aug 24, 2012 10:15 am

Here is world-ish… so far today….[EWT is an imperfect proxy for Hang Sen $HSI]
824world.png
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Re: 08/24/2012 Live Update

Postby KENA » Fri Aug 24, 2012 10:16 am

Took small profits on my shorts..It took to long this time to show an average out profit..Looking for more and different stocks..I also have a feeling the mkt may go up a bit befor pulling back..But lets see.
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Re: 08/24/2012 Live Update

Postby Mr. BachNut » Fri Aug 24, 2012 10:17 am

Been scalping with a hedge but starting to creep in long at new lows.
My technicals are softening but still have the longer term trend as up.
Should be a fair amount of support between SPX 1390-1400.
Would go back to neutral if that fails.
Seems reasonable that we may get a short covering some time next week prior to Jackson Hole.
Today's close will be telling.
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Re: 08/24/2012 Live Update

Postby shaca » Fri Aug 24, 2012 10:27 am

nasadq -0,09%
$nadnv:$naupv = 1.79

the last time $compq was up 1,1%, $naupv:$nadnv was just 2.4 or so

volumes are always in "sell mode" for many months now..
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Re: 08/24/2012 Live Update

Postby wayne0708 » Fri Aug 24, 2012 10:31 am

Cobra wrote:OR. nothing to say, wait for breakout, could be on either side.

are you neutral here Cobra?
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Re: 08/24/2012 Live Update

Postby sloth » Fri Aug 24, 2012 10:31 am

Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
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Re: 08/24/2012 Live Update

Postby EvilTrader » Fri Aug 24, 2012 10:33 am

Mr.Spy, could you restest the highs, please ? :roll:
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Re: 08/24/2012 Live Update

Postby wayne0708 » Fri Aug 24, 2012 10:36 am

EvilTrader wrote:Mr.Spy, could you restest the highs, please ? :roll:

gap closed. Now lets try the other direction please :mrgreen:
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Re: 08/24/2012 Live Update

Postby noob » Fri Aug 24, 2012 10:37 am

Aapl and Indu both green.
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Re: 08/24/2012 Live Update

Postby Al_Dente » Fri Aug 24, 2012 10:38 am

A/D says “chop day” at the moment……but the covering bears didn’t get that memo :arrow: :geek:
824one.png
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Re: 08/24/2012 Live Update

Postby BullBear52x » Fri Aug 24, 2012 10:42 am

GM,
Tick tick tick :lol:
Trend following with me here http://bullbear52x.blogspot.com/
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Re: 08/24/2012 Live Update

Postby KENA » Fri Aug 24, 2012 10:43 am

sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.


I will go for the BS.
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Re: 08/24/2012 Live Update

Postby TradingJackal » Fri Aug 24, 2012 10:43 am

wayne0708 wrote:
EvilTrader wrote:Mr.Spy, could you restest the highs, please ? :roll:

gap closed. Now lets try the other direction please :mrgreen:


Not until touchdown!
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Re: 08/24/2012 Live Update

Postby KENA » Fri Aug 24, 2012 10:44 am

sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.


I will go for the BS.
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