01/03/2013 Live Update

[KENA]

Al_D..It does look like a failed tripple top..Do you expect the close at 1425 or lower??Have to leave for about 1 hr so thanks in advance.

[BullBear52x]

Need to see sell on DIA before everything can move down together, if not I think it will just go side ways to up until DIA hit sell if it ever going to today. ZZZzzzzzzzzz.........

[joeynickels]

Similar picture on XIV
5 min one day only

13momoxiv.png

Time to take some profit on XIV long trade?

I exited my XIV swing long position earlier today at 18.74. Probably there is still a bit more upside, but the best part of this big move is done for now IMO and I will look for another entry after pullback or trade something else if no pullback.

[Al_Dente]

Al_D..It does look like a failed tripple top..Do you expect the close at 1425 or lower??Have to leave for about 1 hr so thanks in advance.

Boss I’m busy tallying my bananas
Will try 2 post something more intelligent (?) 4 u later…..
Problem is the Snake sees triple tops as bullish, and I don’t like to trade against Snake
Other problem is I can’t do much UNTIL PRICE CONFIRMS A TOP, and that ain’t happenin’ ….. yet…

OY

[Al_Dente]

Similar picture on XIV
5 min one day only

The attachment 13momoxiv.png is no longer available

Time to take some profit on XIV long trade?

I exited my XIV swing long position earlier today at 18.74. Probably there is still a bit more upside, but the best part of this big move is done for now IMO and I will look for another entry after pullback or trade something else if no pullback.

[edit: oooops i thought i was replying to harapa...ooops]
Well done doc
http://www.youtube.com/watch?v=ZlShC-GxFNw

my renko swinger [SSO] is still long…. at the moment….

[Jupiter]

Similar picture on XIV
5 min one day only

13momoxiv.png

Time to take some profit on XIV long trade?

I exited my XIV swing long position earlier today at 18.74. Probably there is still a bit more upside, but the best part of this big move is done for now IMO and I will look for another entry after pullback or trade something else if no pullback.

Joy... what's a good support for XIV after pullback? Thx.

[MrMiyagi]

[Harapa]

my renko swinger [SSO] is still long…. at the moment….

13renko.png

Maintaining SSO long, XIV long 1/2 out ( +19.8%)

[joeynickels]

Similar picture on XIV
5 min one day only

13momoxiv.png

Time to take some profit on XIV long trade?

I exited my XIV swing long position earlier today at 18.74. Probably there is still a bit more upside, but the best part of this big move is done for now IMO and I will look for another entry after pullback or trade something else if no pullback.

Joy... what's a good support for XIV after pullback? Thx.

1st support 17.80 - 18.20 for initial pullback. 2nd support 16.60 gap fill if we eventually get a bigger sell-off.

[Mr. BachNut]

They say nothing happens in Washington by accident.

Geitner's watch is over, and the next guy gets to hold the bag. Poor fella.

http://www.marketwatch.com/story/geithn ... iteid=bnbh

[TraderJoe]

Deutsche Bank Warns Of A 'Violent' Turn In The US Dollar In 2013

From Businessinsider
http://www.businessinsider.com/deutsche ... lar-2013-1

[Tabby]

iwm.png

Thanks Mr Miyagi for posting IWM P Bar. That is 24% retrace from 878 on R2K.

[TraderJoe]

They say nothing happens in Washington by accident.

Geitner's watch is over, and the next guy gets to hold the bag. Poor fella.

http://www.marketwatch.com/story/geithn ... iteid=bnbh

Yup, he will go out and make 100's of Millions as payback for his work to help the banks.

[TraderGirl]

I posted this chart back in Jan of 2012 and said that if we get to the upper dotted trendline, we would most likely see a crash of some kind... we are nearing that trendline for a double top...may reach it in the next few months....

[Tabby]

They say nothing happens in Washington by accident.

Geitner's watch is over, and the next guy gets to hold the bag. Poor fella.

http://www.marketwatch.com/story/geithn ... iteid=bnbh

Yup, he will go out and make 100's of Millions as payback for his work to help the banks.

Geithner, Clinton and Bernanke all announced long time ago ( 1-2 years ago) that they won't serve 2nd term. This news is not new.

[MrMiyagi]

!!!SPX 1500!!!

Coming soon.

[Unique]

I posted this chart back in Jan of 2012 and said that if we get to the upper dotted trendline, we would most likely see a crash of some kind... we are nearing that trendline for a double top...may reach it in the next few months....

Dat negative divergence looks tasty

[MrMiyagi]

FOMC in 18 minutes.

[TraderGirl]

I posted this chart back in Jan of 2012 and said that if we get to the upper dotted trendline, we would most likely see a crash of some kind... we are nearing that trendline for a double top...may reach it in the next few months....

Dat negative divergence looks tasty

[TraderJoe]

Not my chart but I thought it was interesting