06/19/2013 Live Update

[BullBear52x]

I am buying double bottom for quicky

[RealMoneyIssues]

Here come the dip buyers... I guess they got the money to buy from the bond market since it tanked

[Cobra]

members only update at 3:30 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

[TraderGirl]

Here is an interesting correlation...looking for 5 waves down on XLU...the last time we saw 5 waves down, it was labeled wave "A", then we saw a rally to "B", then down to "C"...in terms of timing...every occurence had a different time parameter..so no way of determining that, but something to watch....

[uempel]

I'm exhausted, bye guys

[Cobra]

sorry, stockcharts is very slow on my side, so cannot do frequent update now.

[Unique]

SPY Update

We're back on the Majors again

[TraderGirl]

Here is the same correlation between XLU and TNX..."C" wave down caused Yields to head down...Bill Gross was on CNBC this morning talking about how he is a buyer of bonds....

Edit: for those of you who don't understand...when yields head down bond prices go up....

[Cobra]

as I said, I can barely read stockcharts, so have to call off today earlier. if today is red, usually the day after a red fomc day is red too (wrong last time). thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/chartbook

[Mr. BachNut]

Don't forget it is OPEX this week. So, more fun and games tomorrow and Friday.
The real directional conclusion of this FOMC may not reveal its true self until next week.

[MrMiyagi]

[Me XMan]

You've got to be kidding!

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[fehro]

be very careful of AAPL... sitting on important support... breaks that... look out below!

[Apple]

SPY: yikes!

[TraderGirl]

(v) waves almost complete for either iii or c.....

[Me XMan]

It's a long way down...Bear market begins?

[RealMoneyIssues]

It's a long way down...Bear market begins?

I doubt it, more than likely we will get a bounce tomorrow as the dip buyers come in for their bargains...

[Unique]

be very careful of AAPL... sitting on important support... breaks that... look out below!

Indeed, waiting patiently for the big money

[fehro]

VIX red, Indicies red

[Unique]

ES Update

1-2-3 working great bears, now we're back down to the old shake zone region. No Major until 1620 and 1616. Looking to BTFD once again on Majors again when reversal candle confirms.

2 points within first Major, overnight bears got some work to do