08/24/2012 Live Update

[OverUnder]

VXX needs CPR.

[Mr. BachNut]

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 think the speculation may be less on Bernanke and the Fed and more on Draghi and the ECB. If an ECB bond buying program gets the green light, it could be massive.

[Al_Dente]

GM, Tick tick tick

BARON score another win for NYUPV/NYDNV 0.3
It signaled yest very near close, and spy does the honey badger bounce this morn, I count that as a WIN…

[ClarkW]

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.

Sloth or others, would do you think about the idea that while QE creates inflation here, it creates substantially more inflation in other countries like say....China. Making it more likely they have a hard landing. Could that be part of the overall thinking? Just thinking out loud....

[knock]

Mr.Spy, could you restest the highs, please ?

gap closed. Now lets try the other direction please

Not until touchdown!

master jackal nailed it again!

[joe-gamma]

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

The attachment 824bb52xpaper.png is no longer available

Thanks Dr Al

appears to be a bit of upside or consolidation next day or 2, then possible a spike down below to blow out weak I/T longs again which could setup a good spot to get in for monthend pop, here is 4hr ES futures, mac could cross this afternoon
GLTA and thanks for all the input

es4hr824.png (11.55 KiB) Viewed 3217 times

[Cobra]

resistance, volume surge, so might see pullback or consolidation here, then should be another leg up.

[knock]

1440 anyone? climax run, neg D, 1250 next, aapl to 350.

crap, my alarm clock just rang.

[TraderGirl]

Got our 5th wave....now above the channel...

[Al_Dente]

HARAPA
Do u have agree long INTRADAY ONLY with overbought already?
(my renko still calls it a flag, but the vixies are calling long?)

[BullBear52x]

GM, Tick tick tick

BARON score another win for NYUPV/NYDNV 0.3
It signaled yest very near close, and spy does the honey badger bounce this morn, I count that as a WIN…

everything is there for the taken, that's beauty of TA. now are you ready for the Ding? still ticking.

[wayne0708]

Mr.Spy, could you restest the highs, please ?

gap closed. Now lets try the other direction please

Not until touchdown!

master jackal nailed it again!

Did it touch down, really?
Congrats

[BullBear52x]

MACD bullish cross on my intraday setting. so the coming sell in a few minutes or so will be last sell for da bears and next dip will be bought.

[joe-gamma]

MACD bullish cross on my intraday setting. so the coming sell in a few minutes or so will be last sell for da bears and next dip will be bought.

great site, I'll click it day-ly ,....does kind of feel like sell-the-breakdown has lost momentum and moved into buy da (lil) dip

[TradingJackal]

Mr.Spy, could you restest the highs, please ?

gap closed. Now lets try the other direction please

Not until touchdown!

master jackal nailed it again!

Did it touch down, really?
Congrats

Now it did. I asked you to wait!!

[Al_Dente]

GM, Tick tick tick

BARON score another win for NYUPV/NYDNV 0.3
It signaled yest very near close, and spy does the honey badger bounce this morn, I count that as a WIN…

everything is there for the taken, that's beauty of TA. now are you ready for the Ding? still ticking.

Ding ding is overdue bossman, will they EVER stop covering?

[BullBear52x]

MACD bullish cross on my intraday setting. so the coming sell in a few minutes or so will be last sell for da bears and next dip will be bought.

great site, I'll click it day-ly ,....does kind of feel like sell-the-breakdown has lost momentum and moved into buy da (lil) dip

here the last sell the rip spot, still ticking no ding yet.

[six9ine]

Latest Outlook...working through the 4 wave.

[Petsamo]

Somebody gave good news

[Al_Dente]

oy, tick is beeping, and bots r buying