05/24/2013 Live Update

[Daniel-David]

15min bars.. fas, spy, mdy, qqq, xli etc. all testing their (downslope) 50period MAs right now.

[BullBear52x]

Learning from EWJ, got to do it until it fails.

[BullBear52x]

And here /ES....last stand for intraday bears.

[Daniel-David]

Nice chart, BullBear52... clean and simple.

Yen strength continues. Approaching parity w the dollar (below 1.01, as low as 1.085ish to the $)

This will slow the surge of etfs like UUP, even tho the dollar is strong against other currencies, and may help commodities catch their footing.

[BullBear52x]

HD candle formation, this is what's really intrigue me in today's market. The thing that make you go Hmmm....

[MrMiyagi]

Very sparse pBars lately, BOTs must be on holidays

[BullBear52x]

Very sparse pBars lately, BOTs must be on holidays

P=bar of late

[BullBear52x]

again on ghost bar
there is one on $UTIL but not on XLU

[Cobra]

as long as green line hold, it's good for bulls.

[Cobra]

first target met.

[quientuves]

It's me? or Cobra has a pbar @2:05???

Sorry, not a pbar, but some kind of exhaustion, isn't it?

[Al_Dente]

Descending triangle trying to break to UPSIDE
Bulkowski : “Price sometimes breaks out in one direction and then reverses to bust out in a new direction. Trade the new direction for a powerful move.”

[seemore]

It's me? or Cobra has a pbar @2:05???

Sorry, not a pbar, but some kind of exhaustion, isn't it?

Not you, I looked it up. 14:07:46 $ 165.3805 1,999,650
http://www.nasdaq.com/symbol/spy/time-s ... &pageno=13
Not sure link will work.

Big purchase.

[joegamma]

Descending triangle trying to break to UPSIDE
Bulkowski : “Price sometimes breaks out in one direction and then reverses to bust out in a new direction. Trade the new direction for a powerful move.”

goes by many names: catapult on p&f, beartrap, bulltrap....which one are we in right now?

[Al_Dente]

It's me? or Cobra has a pbar @2:05???
Sorry, not a pbar, but some kind of exhaustion, isn't it?

Not you, I looked it up. 14:07:46 $ 165.3805 1,999,650
http://www.nasdaq.com/symbol/spy/time-s ... &pageno=13
Not sure link will work.
Big purchase.

thanks seemore
“p-bar” shows as 2.6 million shares on freestockcharts 5min

[MrMiyagi]

Same as earlier. Almost tagged it.

[Cobra]

I hope it's channel support.

[joegamma]

It's me? or Cobra has a pbar @2:05???
Sorry, not a pbar, but some kind of exhaustion, isn't it?

Not you, I looked it up. 14:07:46 $ 165.3805 1,999,650
http://www.nasdaq.com/symbol/spy/time-s ... &pageno=13
Not sure link will work.
Big purchase.

thanks seemore
“p-bar” shows as 2.6 million shares on freestockcharts 5min

524pbar_png.png

anyone have the idea that junior desk traders just got blown out at the highs and we accelerate to downside later today?

I think I'll wait...

[MrMiyagi]

Get ready for the long weekend Gringos... OLE!!!


!!!!!!! POWER HOUR !!!!!!!

[Cobra]

triangle, so the bias is just a little bit on the upside. (all recent triangles were broken on the downside though).