01/23/2013 Live Update

[TraderGirl]

Dow sitting at 78% fib ext from Sept high/Nov Low

Also, near 61% fib ext from Oct 2011 low to April 2012 high...around 13,855...

[L_T]

OK, forget about wild-est-est-est guess which was based on 3 push up. apparently it's no longer valid now. the chart is bullish biased.

Don't you know how forecasting intra-day goes now?

Morning: some stuff happens (Up down doesn't matter)
Afternoon: price goes higher into close (Draw a 30° to 45° arrow going up)



How many days in a row will this make it if this plays out?

[BullBear52x]

so close today for bears, so close....any one got lighter for my cigar?

[Al_Dente]

That does it
I am never ever selling anything for the rest of my life
Well ok but momentum gets weaker, this hi ain’t too sticky….yet
Where’s Mr. T. ?

[CognitiveDissonance]

Just out of curiosity - how many guys are shorting 1494?

I went short eod yesterday

I'd love to go short - but the only valid back-up that I see at the moment is resistance, tons of resistance.. Most of my other indicators are in buy mode...

it's a small position and I was looking for a pullback only. I do like the gap underneath but I doubt that will hit on a pullback bfore we break through 1500+

https://twitter.com/CognitiveBias1/stat ... 12/photo/1

[Al_Dente]

Looks Like a correction is coming

2013-01-23-TOS_CHARTS.png

i like your name
and your avatar
and your chart
thanks

[johnnywa]

Dow sitting at 78% fib ext from Sept high/Nov Low

Also, near 61% fib ext from Oct 2011 low to April 2012 high...around 13,855...

Merriman bearish the from 24th -30th

[BullBear52x]

any little thing will act as support, what da........

[JFR]

Intermarket study ...

[Al_Dente]

where did that slippery snake go

[channel]

Just out of curiosity - how many guys are shorting 1494?

I went short eod yesterday

I'd love to go short - but the only valid back-up that I see at the moment is resistance, tons of resistance.. Most of my other indicators are in buy mode...

Bought SPXU after market yesterday. Covered in the morning.

Bought back again at 32.65 - just little portion - less than 20%.

You are master here - Uempel.

[Claudio.dicorato]

Cobra we start to slowly the rallies .....Maybe after 1500 we could start to push down

[TraderGirl]

Dow sitting at 78% fib ext from Sept high/Nov Low

Also, near 61% fib ext from Oct 2011 low to April 2012 high...around 13,855...

Merriman bearish the from 24th -30th

Actually, I posted this somewhere else, this is what Merriman really said: My comment below his quotes...

[Al_Dente]

“The stock market doesn’t care what you think”
[sentiment]
http://www.rickferri.com/blog/markets/m ... you-think/

[MrMiyagi]

Bouncy time?

[Cobra]

consolidation here is good for bulls. hopefully the 4th touch of the day high will bring a real breakout.

[L_T]

Bouncy time?

What's up with oil?

[johnnywa]

Dow sitting at 78% fib ext from Sept high/Nov Low

Also, near 61% fib ext from Oct 2011 low to April 2012 high...around 13,855...

Merriman bearish the from 24th -30th

Also Merriman....With the failure of last week’s Venus translation to correspond to a major market reversal, our attention now shifts to next week’s full moon of January 26 (a Saturday). This is actually in the midst of multiple important planetary signatures involving Jupiter. On January 25, the Sun will form a harmonious trine to the big guy (Jupiter). On January 30, the largest planet of our solar system will turn from retrograde to direct motion. On the same day, the Sun will form a square aspect to Saturn, which symbolically annoys the big guy. Jupiter’s nature is to expand and be jovial, optimistic, without many cares in the world. Saturn, however, is the party-crasher. Suddenly there are concerns as worries – and not hopes – begin to grow.


But that’s not the only cosmic contradiction (as if the world needs more contradictions right now). From January 24-30, transiting Mars will form both a powerful square and trine to key components of the New York Stock Exchange chart (born May 17, 1792). It is not uncommon for the DJIA to have at least one triple digit decline around this time.

[Al_Dente]

Top twenty most active ETFs ranked in order of the highest open-interest on their options
http://condoroptions.com/2013/01/21/top ... -interest/

[Al_Dente]

Tom Demark target hit
and Hulbert’s newsletter-writers 81% net long exposure, highest since July 2000
http://marketmontage.com/2013/01/23/tom ... Montage%29