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01/31/2013 Live Update

Re: 01/31/2013 Live Update

Postby Cobra » Thu Jan 31, 2013 4:46 pm

consolidation here generally favors bears, the only problem is no time now.
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Re: 01/31/2013 Live Update

Postby Wallstreetrader » Thu Jan 31, 2013 4:48 pm

It seems uncle Ben is printing more 2 trilion these is just false move down nothing special :mrgreen:
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Re: 01/31/2013 Live Update

Postby Xian » Thu Jan 31, 2013 4:49 pm

From around the web: $1.6 billion to sell market on close.
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Re: 01/31/2013 Live Update

Postby Cobra » Thu Jan 31, 2013 4:50 pm

continue down indeed, the problem still is no time now.
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Re: 01/31/2013 Live Update

Postby BullBear52x » Thu Jan 31, 2013 4:50 pm

Jupiter wrote:
BullBear52x wrote:Bear flag, peace!


BB, what's the downside target? Thx.

Short term 148 will be a good floor for SPY, I don't think it will fail there. the way it acts today is only painting more of a toppy picture. a pull back is healthy I see nothing wrong but next buy it better hold up :D
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Re: 01/31/2013 Live Update

Postby Cobra » Thu Jan 31, 2013 4:51 pm

guys, before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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Re: 01/31/2013 Live Update

Postby Sleeperz » Thu Jan 31, 2013 4:54 pm

breaking news
US Senate votes to approve 3 month suspension of debt limit
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Re: 01/31/2013 Live Update

Postby Wallstreetrader » Thu Jan 31, 2013 4:58 pm

Bye, close my shorts but have to reopen lol, cya tomorrow.
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Re: 01/31/2013 Live Update

Postby Cobra » Thu Jan 31, 2013 4:59 pm

well, guess that's for today. NFP tomorrow was not very bull friendly recently, however it's the 1st trading day of month which usually is very bull friendly, so don't know. thank you guys, I'll see you tomorrow.

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Re: 01/31/2013 Live Update

Postby Xian » Thu Jan 31, 2013 5:01 pm

Didn't make any money today. Bummer. Daddy No Happy— as my 4yr old would say.
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Re: 01/31/2013 Live Update

Postby Mr. BachNut » Thu Jan 31, 2013 5:04 pm

Denali92 wrote:Market did not come back last year - SPX never traded 1257!

The RUT did come back...

There are a few other years - I need to dig out the info.... it is buried somewhere.

-D


Mr. BachNut wrote:
Harapa wrote:
ClarkW wrote:Anyone remember a stat from Bespoke that every year for 8+ years the market has came back to even at some point during the year? They posted it last year around March I think. We all remember May.... More long-term but thought about it...

If by even means that market visited the open of the year during the year, than this has happened in all years since 1996 :geek:


I am planning on it. Very important to keep this on the radar. In one sense, I hope it comes soon because that can be done with a relatively mild corrective move and without serious economic trauma. On the other hand, if the move waits until all the indexes are comfortably above all time highs, it will be a fabulously rich short but potentially also the end of the bull market with a fresh round of economic trouble. Gonna be interesting...


Absolutely correct. It's funny because I remember last year as having met the pattern, but the S&P did miss by 10 points. It just felt like it because but the decline from the May high was over 140 points and very tradeable :D . I'll keep this in mind if this setup plays out this year.

Thank you.
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Re: 01/31/2013 Live Update

Postby gappy » Thu Jan 31, 2013 5:05 pm

Xian wrote:Didn't make any money today. Bummer. Daddy No Happy— as my 4yr old would say.

You will tomorrow though. Good job everybody. Later gator.
‘the petrodollar is our currency and our problem’....Gappy
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