05/29/2013 Live Update

[BullBear52x]

You don't have to sell this market, but this chart is not a buy chart, not here not now anyways.

[Cobra]

100% mm target.

[Tutti]

Did anyone in DRN expect that they would see 2 months of gains wiped out in 5 days??

if you are playing triples overnight or for a few days you have to know you are playing with fire, no?

[joegamma]

I agree that scenario is highly unlikely, the market is already de-leveraging (other than margin debt), so a market meltdown at that level seems too good to be true
But, it is very likely and possible for the markets to have another bear market...if history repeats itself, it's possible to see a 50-60% retrace of the move from 2009 to the top at ??? whenever that happens. There are a lot of factors still in play that could send this market down, Europe, China slowing, Canadian real estate market, Japan - and their ridiculous amount of money printing...in addition to the astro's that are in play...

TraderGirlfriend
Where u been?
Miss you

I’m busy today taking care of a mini crisis in my neighborhood

neighborhood_png.png

Minnesota , hey?
write off the van......AND GET THAT MOOSE OUTA MY KIDS POOL!

your vixieratios turning bulish here?
I still look for r2k to test 9625 area (before 9875), looking to sell against 9830/40 on a short squeeze late today.....GL

[TraderGirl]

Did anyone in DRN expect that they would see 2 months of gains wiped out in 5 days??

if you are playing triples overnight or for a few days you have to know you are playing with fire, no?

at this level, DRN should have support...

TNX has resistance here, so could get volatile...but does not have any indications of a major correction....

[Cobra]

100% mm target met and here's double bottom target.

[Cobra]

He would generate tons of hate posts. I guess he's the most hated guy in the retail world

Why don't you invite Prechter as a contributor

He'd think I'm nobody therefore ignoring me. Not sure if I have more subscribers than he has though (not kidding).

Not sure if he's still bearish or not. I think this bull market hits him a lot if he still keeps saying top.

[Al_Dente]

your vixie ratios turning bulish here?

not yet turned to bull-spy
still in bear-spy camp

[TraderGirl]

This has been posted before but Investor's are leveraged as they were in 2000 and in 2007....

[Cobra]

volume surge, so might see pullback here first but this rebound shall have small legs.

[BullBear52x]

simple stuff.

[TWT]

$SPX: Bears have failed to achieve a lower low. The Triangle is the preferred option

[joegamma]

your vixie ratios turning bulish here?

not yet turned to bull-spy
still in bear-spy camp

gracias, would look at sellng r2k more here but the banksters and ins co's too strong for my comfort..

[Daniel-David]

Simpler yet, BullBear52... QQQ is making an unmistakeable pattern of higher highs and lows in the PM session so far..

[Daniel-David]

QQQ and nasdaq advancers both pushing again at HOD as I write this.. with AAPL still strong today, leadership must come from tech and energy and not smallcaps. XLF also strong, and holding above 20.

[Heck]

He would generate tons of hate posts. I guess he's the most hated guy in the retail world

Why don't you invite Prechter as a contributor

He'd think I'm nobody therefore ignoring me. Not sure if I have more subscribers than he has though (not kidding).

Not sure if he's still bearish or not. I think this bull market hits him a lot if he still keeps saying top.

Just saw RP Socionomics presentation at Oxford:
http://www.socionomics.net/a-new-view-o ... z2Uhq3nW5B
Some interesting ideas, including the idea consumer economics is about rational supply and demand,
while market finance is the irrational herding instinct.
RP said investors only the demand side of the equation,
less or more demand, and the supply side is IPOs, Secondaries, Stock buybacks (more or less supply).
RP showed a chart of key EW recos since 1936, said he was sorry to have made two major incorrect calls over that time (1987 and 2000).
RP said Socionomics is economic vs. financial context with regard to supply and demand
RP provided evidence refuting claims of exogenous causality and objective financial values.
RP said the Elliott 5 wave model of financial pricing describes markets.
RP calls markets herding, rationalization, pre-rational motivation and are subjective vs. objective valuation.
RP described how social mood regulates trends in fashion, music, entertainment, the economy and politics.
Still cogitating as USA Today headline said Bull Market on Firm Footing...

[Daniel-David]

XLB and JJC also pushing at intraday HIs.

[BullBear52x]

Simpler yet, BullBear52... QQQ is making an unmistakeable pattern of higher highs and lows in the PM session so far..

Time frame may differ, but for my swing set up holding over night with bearish cross on macd is not my taste. during consolidation, bulls and bears will get the same percentage of being right and wrong until a clear break out IMHO

[BullBear52x]

Qs

[joegamma]

Simpler yet, BullBear52... QQQ is making an unmistakeable pattern of higher highs and lows in the PM session so far..

Time frame may differ, but for my swing set up holding over night with bearish cross on macd is not my taste. during consolidation, bulls and bears will get the same percentage of being right and wrong until a clear break out IMHO

thanks for the input....I had the levels for day trade low and the uptick 9840 area r2k, but without the kahunas to pull rigger today, I will take your suggestion and go for a walk instead ...GL