08/30/2012 Live Update

[Cobra]

down down down, ole' ole' ole'

[Cobra]

well, guess that's it for today. I think I've commented enough what to see today, it's already not fair to members, so no more blah blah here. thank you guys, I'll see you tomorrow. don't forget to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[Al_Dente]

Key reversal day.

could u post candle update of that on close
thx

[OverUnder]

lol I think we'll have to change that to a ludicrous bullsag day. Still a little hammery but not nearly so much. Technicals don't seem to matter just now. And they take it down even further after close, just like yesterday.

[Cobra]

target reached. you happy? please vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

I actually trade on those targets, don't ever think I'm just blah blah blah. 1 trade only everyday though that's the sacrifices I made for this forum, hopefully to convert some of you to be my subscribers which I think is not expensive. the point is, if I can call intraday right, I can call the daily and weekly right too because it's the same tech.

I think we have to be realistic here.
More traffic -> More subs -> More money, and this is only membership, didn't even talk about ads yet.
You rich, we rich.
By doing 1 trade per day, it limits yourself so you look for better set-ups. Doesn't that mean you can keep improving and learning which are higher probability set-ups?
Sounds like the goods outweigh the bads

Right. Thanks.

[Al_Dente]

lol I think we'll have to change that to a ludicrous bullsag day. Still a little hammery but not nearly so much. Technicals don't seem to matter just now. And they take it down even further after close, just like yesterday.

What would u call the AAPL candle today
Just “sick” or what
Thx over, pardon, under

[OverUnder]

Actually, I'd call it a gap fill. Also known as a "wishi'dhaveshorteditonmonday" candle.

[Al_Dente]

Actually, I'd call it a gap fill. Also known as a "wishi'dhaveshorteditonmonday" candle.

[Petsamo]

The sell off was just a response to other markets selling off today, except for India which rallied. Those other markets could rally overnight giving US a gap up. But for now, my spreadsheet predicts a gap down tomorrow.

[Al_Dente]

The sell off was just a response to other markets selling off today, except for India which rallied. Those other markets could rally overnight giving US a gap up. But for now, my spreadsheet predicts a gap down tomorrow.

Petsamo have u got ANY decent singers in your wussie-party?
Seriously dude, all those guys last night were pathetic…
Lousy singin’ …they even destroyed The Beatles song, and that is just unforgivable.
I shall vote only for the party that has the best singin’

http://www.youtube.com/watch?v=XLgYAHHk ... re=related

[TradingJackal]

Close below 1400 on SPX for first time since Aug 7th.

[joe-gamma]

es830.png (10.66 KiB) Viewed 3764 times

es futures=weakling close....no divergence on the 2-1/2hr bars...


but midcap futures still show a bit of a bullsh diverg. and (cash) close was not as weak,

midcap.png (10.83 KiB) Viewed 3764 times

GL

[joe-gamma]

smallcap Readings...hmmmmmmm, as Dr Al might say...
[iSupporting momentum from small-cap stocks may come in the form of bank lending incentives from the Fed, according to Michael Jones, chief investment officer of RiverFront Investment Group. Such measures could be announced at the Federal Reserve's retreat in Jackson Hole, Wyo., later this week or at the September Federal Open Market Committee meeting.][/i]

here is link from yesterdayhttp://seekingalpha.com/article/836601- ... arketwatch

[Petsamo]

The sell off was just a response to other markets selling off today, except for India which rallied. Those other markets could rally overnight giving US a gap up. But for now, my spreadsheet predicts a gap down tomorrow.

Petsamo have u got ANY decent singers in your wussie-party?
Seriously dude, all those guys last night were pathetic…
Lousy singin’ …they even destroyed The Beatles song, and that is just unforgivable.
I shall vote only for the party that has the best singin’

http://www.youtube.com/watch?v=XLgYAHHk ... re=related

My best friend in high school many moons ago liked the Beatles. I tried to like them, I couldn't. I like the Rolling Stones, though.

[TradingJackal]

More downside to come on ES after this corrective 4 is finished near 1402 area during the night. This is the same area where the bullish divergence was 'knocked down' hard this morning. That changed the market's direction for me.